NUSHAGAK ELECTRIC & TELEPHONE COOP… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

WILLIAM CHANEY

Phone

9078425251

Tax Period

2024-01-01 to 2024-12-31

NUSHAGAK ELECTRIC & TELEPHONE COOPERATIVE INC, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO MEET THE UTILITY NEEDS IN RURAL ALASKA

Program Service Accomplishments

Program 1

COOPERATIVE PROVIDES ELECTRIC, TELECOMMUNICATIONS, AND INTERNET SERVICES WITHIN AND AROUND THE DILLINGHAM, ALASKA AREA TO ITS MEMBERS. AS OF 12/31/24 THERE WERE 1,482 ELECTRIC SERVICES AND 957...

COOPERATIVE PROVIDES ELECTRIC, TELECOMMUNICATIONS, AND INTERNET SERVICES WITHIN AND AROUND THE DILLINGHAM, ALASKA AREA TO ITS MEMBERS. AS OF 12/31/24 THERE WERE 1,482 ELECTRIC SERVICES AND 957 TELEPHONE ACCESS LINES IN SERVICE.

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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 $13,281,923

Investment Income $165,558

Other Revenue $346,266

TOTAL REVENUE $13,793,747

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $1,265,993

Fundraising Expenses $0

Other Expenses $13,425,864

TOTAL EXPENSES $14,729,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,793,747	$15,645,690	-0.1%
Expenses	$14,729,461	$14,922,039	0.0%
Net Income	$-935,714	$723,651	-2.3%

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

$247,017

Total Directors

$2,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ANDREW	PRESIDENT	2.00	Officer Director	$1,400	$0	$1,400
HENRY STRUB	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
WANDA WAHL	TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE FRITZE	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BALTAR	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FLENSBURG	DIRECTOR	1.00	Director	$800	$0	$800
JEAN BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
MARK LISAC	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CHANEY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$146,757	$98,860	$245,617
JAMES DENSLINGER	POWERPLANT SUPERINTENDENT	40.00	Highest	$141,625	$82,671	$224,296
ANGELA THAMES	BUSINESS OFFICE MANAGER	40.00	Highest	$132,126	$85,312	$217,438
DENNIS PAYNE	TELEPHONE OPERATIONS MANAGER	40.00	Highest	$126,175	$68,897	$195,072
JOHN GLEASON	POWERPLANT OPERATOR	40.00	Highest	$116,470	$75,559	$192,029
ANGELA LOPEZ	HR/EXECUTIVE SECRETARY	40.00	Highest	$110,181	$79,160	$189,341

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	$13,793,747	$14,729,461	$48,452,974	$-935,714
2023	$15,645,690	$14,922,039	$49,441,864	$723,651
2022	$15,749,708	$14,036,142	$48,364,843	$1,713,566
2021	$14,329,092	$12,461,698	$44,944,808	$1,867,394
2020	$13,831,443	$12,905,064	$42,319,072	$926,379
2019	$13,821,824	$13,205,959	$38,931,768	$615,865
2018	$13,015,382	$12,127,991	$27,584,806	$887,391

NUSHAGAK ELECTRIC & TELEPHONE COOPERATIVE INC