Iliamna Newhalen Nondalton Electric Co-Op
- Assets
- $12.5m
- Revenue
- $1.5m
- Investments
- $1.2m
- Employees
- 11
- Location
- Anchorage, AK
- Founding
- 04/1983
- Data as of
- 12/2021
- 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 12/2021, Iliamna Newhalen Nondalton Electric Co-Op employed 11 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 12/2021, Iliamna Newhalen Nondalton Electric Co-Op generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hornberger General Manager/ceo | Officer | 40 | $125,000 |
Terri Harper Finance Manager/cfo | Officer | 40 | $125,000 |
Evelynn Trefon Secretary/treasurer | OfficerTrustee | 10 | $2,500 |
Thomas Hedlund President | OfficerTrustee | 10 | $2,500 |
John Baechler Vice President | OfficerTrustee | 8.25 | $2,000 |
Bob Tracey Director | Trustee | 8.75 | $2,000 |
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 | $1,461,165 |
| Investment income | $16,727 |
| 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 | $1,527,272 |
| 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. | $314,302 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,281 |
| Payroll taxes | $33,962 |
| 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 | $23,078 |
| Advertising and promotion | $0 |
| Office expenses | $30,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,192 |
| Travel | $21,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,989 |
| Interest | $230,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,930 |
| Insurance | $25,798 |
| All other expenses | $8,007 |
| Total functional expenses | $1,512,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $505,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $586,923 |
| Prepaid expenses and deferred charges | $1,764,110 |
| Net Land, buildings, and equipment | $7,850,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,158,096 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $504,588 |
| Total assets | $12,541,891 |
| Accounts payable and accrued expenses | $55,334 |
| Grants payable | $0 |
| Deferred revenue | $151,326 |
| 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 | $4,895,680 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,936,973 |
| Total liabilities | $7,039,313 |
| 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 | $5,502,578 |
| Total liabilities and net assets/fund balances | $12,541,891 |
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Ohop Mutual Light Co Eatonville, WA | $21,175,610 | $8,133,923 |
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Kotzebue Electric Association Inc Kotzebue, AK | $16,720,796 | $7,540,194 |
Okanogan County Electric Cooperative Incorpative Winthrop, WA | $15,033,526 | $6,466,621 |
Inside Passage Electric Cooperative Incorporated Auke Bay, AK | $16,923,471 | $5,934,930 |
Nespelem Valley Electric Cooperative Inc Nespelem, WA | $12,532,572 | $5,679,093 |
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