Alaska Village Electric Cooperative Inc

EIN: 920035763

ANCHORAGE, AK

Total Revenue
$93,293,217
Total Expenses
$90,626,852
Total Assets
$161,783,977
Net Assets
$61,574,298
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
AK
Principal Officer
WILLIAM STAMM
Phone
9075611818
Tax Period
2023-01-01 to 2023-12-31

Alaska Village Electric Cooperative Inc, founded in 1967, is a mid-sized nonprofit that reported $93.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

To provide electric power to 59 remote Alaskan villages.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,611,093
Program Service Revenue $73,981,089
Investment Income $3,039,075
Other Revenue $1,661,960
TOTAL REVENUE $93,293,217

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $9,089,871
Fundraising Expenses $0
Other Expenses $81,522,981
TOTAL EXPENSES $90,626,852

Year-over-Year Comparison

2023 2022 Change
Revenue $93,293,217 $69,708,185 +0.3%
Expenses $90,626,852 $72,863,346 +0.2%
Net Income $2,666,365 $-3,155,161 -1.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
119
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$739,771
Total Directors
9
$33,450
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM STAMM PRESIDENT & CEO 45.0
Officer
$290,534 $224,032 $514,566
DANIEL ALLIS Mgr, Operations 45.0
Highest
$175,449 $187,659 $363,108
LENNY WELCH Mgr, Bethel Operations 45.0
Highest
$228,147 $107,351 $335,498
Darren Westby Mgr, Engineering 45.0
Highest
$160,962 $122,319 $283,281
FOREST Button Mgr, Key Accounts 45.0
Highest
$161,960 $97,922 $259,882
SCOTT SANNER CIO 45.0
Highest
$168,826 $83,087 $251,913
REBECCA LOPEZ CFO 45.0
Officer
$159,137 $47,768 $206,905
HOMER HUNTER JR DIRECTOR 2.0
Director
$6,450 $0 $6,450
HELENA R JONES VICE-CHAIRMAN 2.0
Officer Director
$5,550 $0 $5,550
PHYLLIS CLOUGH SECRETARY 2.0
Officer Director
$5,550 $0 $5,550
Frederick Beans Director 2.0
Director
$5,250 $0 $5,250
Sandra Tall-Lake Treasurer 2.0
Officer Director
$4,350 $0 $4,350
Fred Sagoonick CHAIRMAN OF BOARD 4.0
Officer Director
$2,850 $0 $2,850
PETER J DEMOSKI Director 2.0
Director
$2,850 $0 $2,850
Robert Beans Sr DIRECTOR 2.0
Director
$300 $0 $300
ROBERT HOFFMAN DIRECTOR 2.0
Director
$300 $0 $300
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $93,293,217 $90,626,852 $161,783,977 $2,666,365
2022 $69,708,185 $72,863,346 $150,723,795 $-3,155,161
2021 $62,136,237 $55,800,258 $149,755,137 $6,335,979
2020 $67,705,990 $63,842,314 $138,128,384 $3,863,676
2019 $70,489,926 $67,265,489 $131,099,638 $3,224,437
2018 $67,428,539 $66,557,433 $131,218,461 $871,106
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