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Nonprofiteer
← CHUGACH ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by CHUGACH ELECTRIC ASSOCIATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 7 August 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$277,038,846 changed to $366,259,489
Total expenses
$277,015,149 changed to $367,157,220
Grants paid
$138,185 changed to $103,176
Program service revenue
$275,115,816 changed to $362,597,077
Investment income
$1,636,578 changed to $2,916,136
Other revenue
$286,452 changed to $746,276
Total assets, end of year
$1,886,824,613 changed to $1,938,323,142
Total liabilities, end of year
$1,669,112,161 changed to $1,713,876,167
Net assets or fund balances, end of year
$217,712,452 changed to $224,446,975
Program services expenses
$239,033,781 changed to $315,770,837
Management and general expenses
$37,981,368 changed to $51,386,383

Listed only on the later return

  • David Waddell
  • Jeffrey Gilbert
  • Michael Bullard
  • Mike Snell
  • Sheldon Naslund

Listed under a different title

  • Tiffany Wilson: CHIEF HR OFFICER then CHIEF HR OFFICER (THRU 12/24)

Totals

Total revenue
$277,038,846
Total expenses
$277,015,149
Contributions and grants received
$0
Grants paid
$138,185
Program service revenue
$275,115,816
Investment income
$1,636,578
Other revenue
$286,452
Total assets, end of year
$1,886,824,613
Total liabilities, end of year
$1,669,112,161
Net assets or fund balances, end of year
$217,712,452
Program services expenses (Part IX)
$239,033,781
Management and general expenses
$37,981,368
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 86.3% 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: ELECTRIC REVENUE

    total $273,289,352 · related or exempt $273,289,352

  • 2b · Program service revenue: MICROWAVE SERVICES

    total $651,208 · related or exempt $651,208

  • 2c · Program service revenue: POLE RENTAL

    total $330,221 · excluded $330,221

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $23,695 · related or exempt $23,695

  • 2e · Program service revenue: CAPITAL CREDITS

    total $193 · related or exempt $193

  • 2f · All other program service revenue

    total $821,147 · related or exempt $821,147

  • 3 · Investment income

    total $1,930,041 · excluded $1,930,041

  • 5 · Royalties

    total $28,367 · excluded $28,367

  • 6a · Gross rents

    real property $3,600

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,600

  • 6d · Net rental income or loss

    total $3,600 · excluded $3,600

  • 7a · Gross sales of assets other than inventory

    other assets $52,071

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

    other assets $345,534

  • 7c · Gain or loss

    other assets -$293,463

  • 7d · Net gain or loss

    total -$293,463 · excluded -$293,463

  • 11a · Other revenue: MISC REVENUE - BELUGA CAMP

    total $254,485 · excluded $254,485

  • 11e · Other revenue, total

    $254,485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 2 · Grants to domestic individuals

    total $136,185 · program services $136,185

  • 4 · Benefits paid to or for members

    total -$18,884 · program services -$18,884

  • 5 · Compensation of officers, directors and key employees

    total $2,726,838 · management and general $2,726,838

  • 20 · Interest

    total $34,200,255 · program services $34,200,255

  • 22 · Depreciation, depletion and amortization

    total $60,739,582 · program services $60,739,582

  • 24a · Other expenses: FUEL/PURCHASED POWER

    total $76,120,522 · program services $76,120,522

  • 24b · Other expenses: ADMIN & GENERAL

    total $35,254,530 · management and general $35,254,530

  • 24c · Other expenses: OTHER POWER PRODUCTION

    total $30,147,638 · program services $30,147,638

  • 24d · Other expenses: DISTRIBUTION EXPENSE

    total $22,145,009 · program services $22,145,009

  • 24e · All other expenses

    total $15,561,474 · program services $15,561,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,472,490 · end of year $28,203,209

  • 4 · Accounts receivable

    beginning of year $62,436,741 · end of year $45,288,250

  • 8 · Inventories for sale or use

    beginning of year $63,822,191 · end of year $70,767,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,643,454 · end of year $110,523,638

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

    $2,351,479,318

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

    $822,093,632

  • 10c · Land, buildings and equipment, net

    beginning of year $1,488,684,506 · end of year $1,529,385,686

  • 11 · Investments: publicly traded securities

    beginning of year $27,457,774 · end of year $34,926,456

  • 13 · Investments: program-related

    beginning of year $6,635,234 · end of year $6,420,444

  • 15 · Other assets

    beginning of year $44,767,240 · end of year $61,309,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,146,210 · end of year $27,108,293

  • 23 · Secured mortgages and notes payable

    beginning of year $1,141,710,367 · end of year $1,254,285,243

  • 24 · Unsecured notes and loans payable

    beginning of year $138,000,000 · end of year $84,000,000

  • 25 · Other liabilities

    beginning of year $276,002,000 · end of year $303,718,625

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,019,553 · end of year $2,043,248

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $182,190,239 · end of year $198,671,609

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,851,261 · end of year $16,997,595

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O

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

Listed in Part VII

  • Rachel Morse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    9

  • Bettina Chastain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Susanne Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jim Nordlund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mark Wiggin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Stainslava Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • Dan Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Samuel Cason

    DIRECTOR (THRU 05/24)

    Total calculated
    $0
    Hours/week
    4

  • Arthur Miller

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Sherri Highers

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Andrew Laughlin

    CHIEF OPERATING OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Allan Rudeck

    CHIEF STRATEGIC OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Matthew Clarkson

    CHIEF LEGAL OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Tiffany Wilson

    CHIEF HR OFFICER

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523189349315052

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