Inn Electric Cooperative 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

1983

Legal Domicile

Principal Officer

GEORGE HORNBERGER

Phone

9072464325

Tax Period

2024-01-01 to 2024-12-31

Inn Electric Cooperative Inc, founded in 1983, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 13% surplus.

Mission

GENERATION AND SALES OF ELECTRICAL ENERGY TO THE COMMUNITIES OF ILIAMNA, NEWHALEN, AND NONDALTON, ALASKA.

Program Service Accomplishments

Program 1

GENERATION AND SALES OF ELECTRICAL ENERGY TO THE COMMUNITIES OF ILIAMNA, NEWHALEN, AND NONDALTON, ALASKA.

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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 $1,606,139

Investment Income $114,343

Other Revenue $54,248

TOTAL REVENUE $1,774,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,574

Fundraising Expenses $0

Other Expenses $1,086,275

TOTAL EXPENSES $1,544,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,774,730	$1,760,722	+0.0%
Expenses	$1,544,849	$1,517,621	+0.0%
Net Income	$229,881	$243,101	-0.1%

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

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

$345,228

Total Directors

$10,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Hornberger	CFO/GM	40.0	Officer	$140,000	$29,771	$169,771
Terri Harper	CFO	40.0	Officer	$140,000	$29,707	$169,707
Margie Olympic	PRESIDENT	10.5	Officer Director	$2,250	$0	$2,250
GARY MARTILLA	director	10.5	Director	$2,250	$0	$2,250
BOB TRACEY	DIRECTOR	10.5	Director	$2,250	$0	$2,250
John Baechler	Vice President	8.5	Officer Director	$2,000	$0	$2,000
Thomas Hedlund	President	6.5	Officer Director	$1,500	$0	$1,500

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	$1,774,730	$1,544,849	$11,704,223	$229,881
2023	$1,760,722	$1,517,621	$12,102,107	$243,101
2022	$1,577,164	$1,442,488	$12,435,304	$134,676
2021	$1,527,272	$1,512,949	$12,541,891	$14,323
2020	$1,547,510	$1,472,057	$12,702,766	$75,453
2019	$1,638,747	$1,415,656	$12,826,917	$223,091
2018	$1,570,364	$1,415,766	$12,975,532	$154,598