Tanalian Electric Cooperative Inc (EIN 920128326) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

Maggie Mckay

Phone

9077812200

Tax Period

2024-07-01 to 2025-06-30

Tanalian Electric Cooperative Inc, founded in 1988, is a small nonprofit in the Public & Societal Benefit sector that reported $780K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $735K left a modest 6% surplus.

Mission

Provision of electricity to members in rural 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 $779,706

Investment Income $0

Other Revenue $0

TOTAL REVENUE $779,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,268

Fundraising Expenses $0

Other Expenses $637,189

TOTAL EXPENSES $735,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,706	$849,612	-0.1%
Expenses	$735,457	$886,960	-0.2%
Net Income	$44,249	$-37,348	-2.2%

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

$39,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maggie McKay	Manager	20.0	Officer	$39,420	$0	$39,420
Glen R Alsworth Sr	President	0.0	Officer Director	$0	$0	$0
Carlon Voran	Vice President	0.0	Officer Director	$0	$0	$0
Leo Fowler	Treasurer	0.0	Officer Director	$0	$0	$0
Glen Alsworth Jr	Director	0.0	Director	$0	$0	$0
Eric Davidson	Director	0.0	Director	$0	$0	$0
Ralph Nabinger	Director	0.0	Director	$0	$0	$0
Mark McGee	Director	0.0	Director	$0	$0	$0

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
2025	$779,706	$735,457	$1,005,496	$44,249
2024	$849,612	$886,960	$973,907	$-37,348
2023	$835,572	$841,321	$1,048,495	$-5,749
2022	$758,566	$537,935	$1,088,989	$220,631

Tanalian Electric Cooperative Inc