MIDDLE KUSKOKWIM ELECTRIC COOP INC

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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

1981

Legal Domicile

Principal Officer

TIMOTHY BARNUM

Phone

9075740302

Tax Period

2024-01-01 to 2024-12-31

MIDDLE KUSKOKWIM ELECTRIC COOP INC, founded in 1981, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 7% surplus.

Mission

PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO ALASKA BUSH VILLAGES.

Program Service Accomplishments

Program 1

THE COOPERATIVE PROVIDES ELECTRICITY TO SEVERAL ALASKA BUSH VILLAGES. IT IS THE ONLY ELECTRIC SERVICE UTILITY FOR THE AREA AND PROVIDES RELIABLE ELECTRICITY TO THE VILLAGERS. THE UTILITY IS...

THE COOPERATIVE PROVIDES ELECTRICITY TO SEVERAL ALASKA BUSH VILLAGES. IT IS THE ONLY ELECTRIC SERVICE UTILITY FOR THE AREA AND PROVIDES RELIABLE ELECTRICITY TO THE VILLAGERS. THE UTILITY IS MAINTAINED BY HIRING LOCAL VILLAGERS, PROVIDING TRAINING AND EDUCATION. THESE JOBS HELP BOOST THE LOCAL ECONOMY. WITHOUT THE COOPERATIVE THE VILLAGES WOULD HAVE UNRELIABLE ELECTRICITY OR NONE AT ALL. THERE WERE 182 ELECTRIC CUSTOMERS AS OF 12/31/24.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $956,162

Investment Income $32,058

Other Revenue $714,097

TOTAL REVENUE $1,702,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,866

Fundraising Expenses $0

Other Expenses $1,416,964

TOTAL EXPENSES $1,577,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,702,317	$1,557,773	+0.1%
Expenses	$1,577,830	$1,518,127	+0.0%
Net Income	$124,487	$39,646	+2.1%

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

Governance

Voting Members

Independent Members

Employees

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

$1,200

Total Directors

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH GOLLEY	SECRETARY/TREASURER	2.00	Officer Director	$400	$0	$400
MARY WILLIS	PRESIDENT	2.00	Officer Director	$400	$0	$400
PETE MELLICK	VICE PRESIDENT	2.00	Officer Director	$400	$0	$400
BERNICE ZAUKAR	BOARD MEMBER	1.00	Director	$400	$0	$400
THEODORE GORDON	BOARD MEMBER	1.00	Director	$200	$0	$200

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	$1,702,317	$1,577,830	$2,825,855	$124,487
2023	$1,557,773	$1,518,127	$3,123,812	$39,646
2022	$1,467,157	$1,314,095	$3,166,639	$153,062
2021	$1,342,839	$1,303,224	$2,918,736	$39,615
2020	$1,462,098	$1,255,212	$3,074,852	$206,886
2019	$1,112,229	$1,332,842	$3,234,362	$-220,613
2018	$1,273,922	$1,310,549	$3,789,043	$-36,627