Iliamna Newhalen Nondalton Electric Co-Op
- Assets
- $12.1m
- Revenue
- $1.8m
- Investments
- $46.9k
- Employees
- 10
- Location
- Anchorage, AK
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 92-0082071
Organization Overview
Iliamna Newhalen Nondalton Electric Co-Op is located in Anchorage, AK. The organization was established in 1983. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Iliamna Newhalen Nondalton Electric Co-Op employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iliamna Newhalen Nondalton Electric Co-Op is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Iliamna Newhalen Nondalton Electric Co-Op generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENERATION AND SALES OF ELECTRICAL ENERGY TO THE COMMUNITIES OF ILIAMNA, NEWHALEN, AND NONDALTON, ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION AND SALES OF ELECTRICAL ENERGY TO THE COMMUNITIES OF ILIAMNA, NEWHALEN, AND NONDALTON, ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hornberger General Manager/ceo | Officer | 40 | $135,000 |
Terri Harper Finance Manager/cfo | Officer | 40 | $135,000 |
Thomas Hedlund President | OfficerTrustee | 10 | $1,500 |
John Baechler Vice President | OfficerTrustee | 8.25 | $1,500 |
Bob Tracey Director | Trustee | 8.75 | $1,500 |
Gary Martilla Director | Trustee | 7.75 | $1,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alaska Power Communications Construction | 12/30/17 | $661,705 |
Eshco Construction Construction | 12/30/17 | $274,671 |
Steppers Construction | 12/30/17 | $101,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,590,172 |
| Investment income | $138,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,760,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,601 |
| Payroll taxes | $43,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,933 |
| Advertising and promotion | $0 |
| Office expenses | $40,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,403 |
| Travel | $36,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,627 |
| Interest | $212,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,930 |
| Insurance | $29,954 |
| All other expenses | $7,882 |
| Total functional expenses | $1,517,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $309,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $691,093 |
| Prepaid expenses and deferred charges | $2,863,037 |
| Net Land, buildings, and equipment | $7,480,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $542,633 |
| Total assets | $12,102,107 |
| Accounts payable and accrued expenses | $52,214 |
| Grants payable | $0 |
| Deferred revenue | $63,843 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,488,438 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,617,352 |
| Total liabilities | $6,221,847 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,880,260 |
| Total liabilities and net assets/fund balances | $12,102,107 |