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Nonprofiteer
← ALASKA ELECTRICAL HEALTH AND WELFARE FUND

Form 990 for tax year 2024

Filed by ALASKA ELECTRICAL HEALTH AND WELFARE FUND.

Totals

Total revenue
$80,793,281
Total expenses
$76,654,842
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$79,293,504
Investment income
$1,499,777
Other revenue
$0
Total assets, end of year
$56,366,852
Total liabilities, end of year
$34,992,433
Net assets or fund balances, end of year
$21,374,419
Program services expenses (Part IX)
$76,654,842
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $75,386,273 · related or exempt $75,386,273

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $4,138,281 · related or exempt $4,138,281

  • 2c · Program service revenue: RECIPROCITY CONTRIBUTIONS

    total -$231,050 · related or exempt -$231,050

  • 3 · Investment income

    total $1,499,708 · excluded $1,499,708

  • 7a · Gross sales of assets other than inventory

    securities $59,994,184

  • 7b · Less cost or other basis and sales expenses

    securities $59,994,115

  • 7c · Gain or loss

    securities $69

  • 7d · Net gain or loss

    total $69 · excluded $69

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $74,155,494 · program services $74,155,494

  • 5 · Compensation of officers, directors and key employees

    total $238,739 · program services $238,739

  • 7 · Other salaries and wages

    total $687,830 · program services $687,830

  • 8 · Pension plan contributions

    total $190,981 · program services $190,981

  • 9 · Other employee benefits

    total $264,299 · program services $264,299

  • 10 · Payroll taxes

    total $71,352 · program services $71,352

  • 11b · Fees: legal

    total $91,215 · program services $91,215

  • 11c · Fees: accounting

    total $47,077 · program services $47,077

  • 11f · Fees: investment management

    total $60,999 · program services $60,999

  • 11g · Fees: other

    total $80,096 · program services $80,096

  • 13 · Office expenses

    total $245,526 · program services $245,526

  • 14 · Information technology

    total $174,682 · program services $174,682

  • 16 · Occupancy

    total $131,701 · program services $131,701

  • 17 · Travel

    total $4,339 · program services $4,339

  • 19 · Conferences, conventions and meetings

    total $11,911 · program services $11,911

  • 22 · Depreciation, depletion and amortization

    total $10,883 · program services $10,883

  • 23 · Insurance

    total $58,204 · program services $58,204

  • 24a · Other expenses: OTHER EXPENSES

    total $129,514 · program services $129,514

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,017,513 · end of year $3,960,830

  • 2 · Savings and temporary cash investments

    beginning of year $51,728 · end of year $86,225

  • 4 · Accounts receivable

    beginning of year $6,366,605 · end of year $6,156,825

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,085 · end of year $27,858

  • 10a · Land, buildings and equipment: cost or other basis

    $349,906

  • 10b · Land, buildings and equipment: accumulated depreciation

    $308,156

  • 10c · Land, buildings and equipment, net

    beginning of year $42,351 · end of year $41,750

  • 11 · Investments: publicly traded securities

    beginning of year $40,134,564 · end of year $44,621,337

  • 15 · Other assets

    beginning of year $1,680,272 · end of year $1,472,027

  • 17 · Accounts payable and accrued expenses

    beginning of year $493,517 · end of year $393,850

  • 25 · Other liabilities

    beginning of year $34,838,912 · end of year $34,598,583

  • 29 · Capital stock, trust principal or current funds

    beginning of year $16,976,689 · end of year $21,374,419

Mission and programs · 2024

Mission

TO PROVIDE AND MAINTAIN HEALTH AND WELFARE BENEFITS

  • MEDICAL, DENTAL, VISION, AND PRESCRIPTION CLAIMS PAID FOR PARTICIPANT BENEFITS

  • GROUP INSURANCE PREMIUMS FOR LIFE, AD&D, AND STOP LOSS COVERAGE

  • DECREASE IN ESTIMATED LIABILITY FOR FUTURE BENEFITS BASED ON PARTICIPANTS ACCUMULATED ELIGIBILITY AND LIABILITY FOR CLAIMS PAYABLE AND INCURRED BUT NOT YET REPORTED

  • OTHER

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Andrew Biden

    TRUSTEE - PA

    Total calculated
    $0
    Hours/week
    1

  • Alan Growden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Lantz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nathen Maki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Blair Christensen

    TRUSTEE - PA

    Total calculated
    $0
    Hours/week
    1

  • Elliott Marlow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vince Beltrami

    TRUSTEE - PA

    Total calculated
    $0
    Hours/week
    1

  • Pamela Cline

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Naomi Hewitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Diana Ruhl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Tansy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Matthew Rumery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laurie Butcher

    ADMINISTRATO

    Total calculated
    $284,324
    From this org
    $102,091
    From related orgs
    $91,963
    Other
    $90,270
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $101,982 + $91,864 related
    Bonus
    not reported
    Other
    $109 + $99 related
    Deferred
    $37,773 + $34,025 related
    Nontaxable benefits
    $9,718 + $8,754 related
    Filer's total
    $149,582 + $134,742 related

  • G Robert Garcia

    ADMINISTRATO

    Total calculated
    $269,512
    From this org
    $79,146
    From related orgs
    $71,294
    Other
    $119,072
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $74,535 + $67,140 related
    Bonus
    not reported
    Other
    $4,611 + $4,154 related
    Deferred
    $48,144 + $43,367 related
    Nontaxable benefits
    $14,500 + $13,061 related
    Filer's total
    $141,790 + $127,722 related

  • Catherine Laurio

    CONTROLLER

    Total calculated
    $281,533
    From this org
    $56,487
    From related orgs
    $91,814
    Other
    $133,232
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $54,269 + $88,208 related
    Bonus
    not reported
    Other
    $2,218 + $3,606 related
    Deferred
    $40,250 + $65,421 related
    Nontaxable benefits
    $10,498 + $17,063 related
    Filer's total
    $107,235 + $174,298 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALASKA WORKS PARTNERSHIP INC 0370

  • ALASKA CHAPTER NECA INC 0388

    501C6 · EMPR ASSOC · AK

  • ALASKA ELECTRICAL PENSION PLAN 0522

    401A · PENSION · AK

  • ALASKA ELECTRICAL RETIREMENT SAVING 0522

    401A · PENSION · AK

  • ALASKA ELECTRICAL LEGAL PLAN 0522

    501C9 · LEGAL PLAN · AK

  • BARROW UTILITIES & ELECTRIC COOP 1460

  • CHUGACH ELECTRIC ASSOCIATION 1886

  • MUNICIPALITY OF ANCHORAGE 2060

  • ASRC FEDERAL CYBER LLC 2206

  • CITY OF FAIRBANKS 2339

  • NOME JOINT UTILITIES 2360

  • CITY & BOROUGH OF SITKA 2370

  • CITY OF SEWARD 2410

  • COPPER VALLEY ELECTRIC 2990

  • COPPER VALLEY TELEPHONE COOP 2991

  • COPPER VALLEY WIRELESS 3007

  • CORDOVA ELECTRIC COOPERATIVE INC 3055

  • GOLDEN VALLEY ELECTRIC ASSOCIATION 4515

  • HOMER ELECTRIC ASSOCIATION INC 5035

  • IBEW LOCAL 1547 5107

    501C5 · UNION · AK

  • ALASKA JOINT ELECTRICAL APPRENTICE 5593

  • KETCHIKAN PUBLIC UTILITIES 5722

  • KETCHIKAN GATEWAY BOROUGH 5722

  • KODIAK ISLAND BOROUGH 5828

  • KODIAK ELECTRIC ASSOCIATION INC 5850

  • MATANUSKA ELECTRIC ASSOCIATION 6305

  • MATANUSKA TELECOM ASSN INC 6308

  • NAKNEK ELECTRIC ASSOC INC 6890

  • SOUTHEAST AK POWER AGENCY (SEAPA) 8280

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALASKA POWERCOM SUPPLY LP 0281

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 5150 GLOBAL SOLUTIONS 3851

  • A&D DRILLING 0350

  • AHTNA CONSTRUCTION 0250

  • AK TREE SERVICE LLC 0139

  • ALASKA COMMUNICATIONS SYSTEMS 0671

    C CORP · TELECOMMUN · AK

  • ALASKA DIRECTIONAL LLC 0398

  • ALASKA ELECTRIC LLC 0440

  • ALASKA ELECTRICAL CONTRACTORS 0471

  • ALASKA ELECTRICAL LIGHT & POWER CO 0455

  • ALASKA INTEGRATED SERVICES 0748

  • ALASKA LINEBUILDERS LLC 0725

  • ALASKA PRIME POWER 0755

  • ALCAN ELECTRICAL ENGINEERING INC 0845

    C CORP · CONTRACTOR · AK

  • ALL WIRE ELECTRIC LLC 1070

  • ARC INDUSTRIES 1171

  • ARCTEC ALASKA 7887

  • ASPLUNDH TREE EXPERT CO 1293

  • ASRC FEDERAL FIELD SVCS 2205

  • AT & T ALASCOM 0360

  • ATLANTIC PLANT MAINTENANCE 1326

  • ATLAS ELECTRIC & CONTROL 0182

  • B & B ELECTRIC INC 1437

  • BRICE EQUIPMENT LLC

  • C&B CONSTRUCTION 2190

  • CARLOS TREE SERVICE INC 1740

  • CCI ELECTRICAL SERVICES LLC 1908

  • CEDAR ELECTRIC LLC 0137

  • CHANNEL ELECTRIC INC 0262

  • CHENEGA BASE & LOGISTICS SERVICES 2166

  • CLARK MANAGEMENT 0270

  • DOYON UTILITIES LLC 3457

  • DROVER CONSTRUCTION 3413

  • EAGLE WOLF ELECTRIC INC 3481

  • EKLUTNA CONSTRUCTION & MAINT 3657

  • ELECTRIC POWER CONSTRUCTORS INC 3558

  • ENDEAVOR ELECTRIC LLC 3632

    S CORP · CONTRACTOR · AK

  • EVER ELECTRIC INC 3611

  • FIRST CITY ELECTRIC INC 3885

  • FULLFORD ELECTRIC INC 4110

    C CORP · CONTRACTOR · AK

  • GENERAL CONSTRUCTORS 4180

  • GMW FIRE PROTECTION INC 4483

  • GOLDEN HEART UTILITIES 4416

  • HELACOMM COMM SPECIALIST LLC 5240

  • HOUSTON CONTRACTING CO 5099

  • INDYNE INC 5326

  • JD ELECTRIC LLC 5372

  • KACHEMAK ELECTRIC CO INC 5610

  • LINEWORKS LLC 0121

    CONTRACTOR · AK

  • LOCAL ELECTRIC INC 6179

  • LONG BUILDING TECH INC 2850

  • LOWERY ELECTRIC 5950

  • MAHTAVA LLC 0170

  • MICHELS POWER 6616

  • MICHELS UNDERGROUND CABLE INC 6632

  • MORLEY ELECTRIC INC 6760

  • NETCENTRIC 6901

  • NEW HORIZONS TELECOM INC 4992

  • NORTH STAR TERMINAL & STEVEDORE 0280

  • NORTHERN POWERLINE CONSTRUCTORS INC 7075

  • PHOENIX TELECOMMUNICATIONS 7577

  • POWER PLANT REPAIR SERVICES 7582

  • PRECISION MAINTENCE 7774

  • PTP MANAGEMENT INC 7400

  • RANCO ELECTRIC 7918

  • RELIANCE UTILITY CONSTRUCTION 7996

  • SANDPIPER TELECOM LLC 8140

  • SAUER ELECTRIC INC 8190

  • SHERMAN TECHNOLOGIES LLC 8422

  • SOUTHEAST ELECTRIC LLC 8901

  • STAR ELECTRIC INC 9078

  • STATEWIDE DOOR & GLASS 8972

  • STEELHEAD ELECTRIC COMPANY 8620

  • STEW'S ELECTRIC 0113

  • STURGEON ELECTRIC COMPANY 8630

    CONTRACTOR · AK

  • TAPRAQ LLC 9497

  • TEC ELECTIC INC 8920

  • TEMPTEL INC 9141

  • THE SUPERIOR GROUP INC 9012

  • TIDAL ELECTRIC LLC 9273

  • TUNDRA UTILITY CONSTRUCTION 9256

  • UNIFIRE LLC 9551

  • UTILITY TECHNOLOGIES INC 9393

  • VALLEY ELECTRIC LLC 9434

  • VANGO ENTERPRISES 9421

  • VIKING CUSTOM BUILDERS INC 0180

  • WELLS GLOBAL WEST 9415

  • WIRED AK LLC 9450

  • WOLF CREEK FEDERAL SERVICES 9413

  • YUKON ELECTRIC INC 9581

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202533109349302138

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