Alaska Electric and Energy Cooperative Inc

EIN: 920177236 Public & Societal Benefit

Homer, AK

Total Revenue
$69,799,784
Total Expenses
$69,452,369
Total Assets
$244,192,399
Net Assets
$54,324,216
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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
2001
Legal Domicile
AK
Principal Officer
Bradley P Janorschke
Phone
9072358551
Tax Period
2023-01-01 to 2023-12-31

Alaska Electric and Energy Cooperative Inc, founded in 2001, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $69.8M in total revenue in fiscal year 2023.

Mission

TO SAFELY PROVIDE RELIABLE ELECTRICITY TO OUR MEMBERS AND OUR COMMUNITY THROUGH SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES.

Program Service Accomplishments

Program 1

GENERATE AND SUPPLY WHOLESALE ELECTRIC POWER TO MEET THE NEEDS OF OUR MEMBER DISTRIBUTION COOPERATIVE, HOMER ELECTRIC ASSOCIATION.

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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 $0
Program Service Revenue $69,618,925
Investment Income $180,859
Other Revenue $0
TOTAL REVENUE $69,799,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $69,452,369
TOTAL EXPENSES $69,452,369

Year-over-Year Comparison

2023 2022 Change
Revenue $69,799,784 $68,025,106 +0.0%
Expenses $69,452,369 $67,688,373 +0.0%
Net Income $347,415 $336,733 +0.0%
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
9
Independent Members
9
Employees
N/A
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
$950,794
Total Directors
10
$51,408
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bradley P Janorschke General Manager 1.0
Officer
$0 $197,017 $577,886
Sarah Lambe Director of Finance 1.0
Officer
$0 $139,460 $352,358
David Thomas Manager Of Strategic Affairs 0.0
$0 $114,105 $327,505
Dan Furlong Director 0.5
Director
$0 $0 $10,850
Erin McKittrick Director 0.5
Director
$0 $0 $8,400
Wayne Ogle President 0.5
Officer Director
$0 $0 $6,300
Eugene Levine Deputy Secretary 0.5
Officer Director
$0 $0 $5,450
Robert Wall Vice President 0.5
Officer Director
$0 $0 $4,850
Charles Chenault Director 0.5
Director
$0 $0 $4,500
James Duffield II Secretary/Treasurer 0.5
Officer Director
$0 $0 $3,950
Louis Flora Director 0.5
Director
$0 $0 $2,558
Dan Green Director 0.5
Director
$0 $0 $2,450
Charles Rudstrom Director 0.5
Director
$0 $0 $2,100
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 $69,799,784 $69,452,369 $244,192,399 $347,415
2022 $68,025,106 $67,688,373 $252,642,446 $336,733
2021 $71,594,339 $65,684,978 $261,944,869 $5,909,361
2020 $71,367,772 $65,284,665 $239,002,008 $6,083,107
2019 $59,191,630 $57,652,275 $238,765,994 $1,539,355
2018 $62,161,446 $61,594,824 $246,856,075 $566,622
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