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Nonprofiteer
← CHUGACH ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by CHUGACH ELECTRIC ASSOCIATION INC.

What the amendment changed

Compared with the return it replaced , filed 12 November 2025. matched by us Only the Part I totals and the names listed in Part VII 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
$366,259,489
Total expenses
$367,157,220
Contributions and grants received
$0
Grants paid
$103,176
Program service revenue
$362,597,077
Investment income
$2,916,136
Other revenue
$746,276
Total assets, end of year
$1,938,323,142
Total liabilities, end of year
$1,713,876,167
Net assets or fund balances, end of year
$224,446,975
Program services expenses (Part IX)
$315,770,837
Management and general expenses
$51,386,383
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 86.0% 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: ELECTRIC REVENUE

    total $360,013,428 · related or exempt $360,013,428

  • 2b · Program service revenue: MICROWAVE SERVICES

    total $1,171,446 · related or exempt $1,171,446

  • 2c · Program service revenue: POLE RENTAL

    total $466,703 · excluded $466,703

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $22,085 · related or exempt $22,085

  • 2f · All other program service revenue

    total $923,415 · related or exempt $923,415

  • 3 · Investment income

    total $2,852,249 · excluded $2,852,249

  • 5 · Royalties

    total $63,383 · related or exempt $63,383

  • 6a · Gross rents

    real property $160,282

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $160,282

  • 6d · Net rental income or loss

    total $160,282 · excluded $160,282

  • 7a · Gross sales of assets other than inventory

    other assets $65,095

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

    other assets $1,208

  • 7c · Gain or loss

    other assets $63,887

  • 7d · Net gain or loss

    total $63,887 · excluded $63,887

  • 11a · Other revenue: MISC REVENUE - BELUGA

    total $522,611 · related or exempt $522,611

  • 11e · Other revenue, total

    $522,611

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,237 · program services $2,237

  • 2 · Grants to domestic individuals

    total $100,939 · program services $100,939

  • 4 · Benefits paid to or for members

    total $9,524,105 · program services $9,524,105

  • 5 · Compensation of officers, directors and key employees

    total $3,402,200 · management and general $3,402,200

  • 20 · Interest

    total $48,746,073 · program services $48,746,073

  • 22 · Depreciation, depletion and amortization

    total $66,581,597 · program services $66,581,597

  • 24a · Other expenses: FUEL/ PURCHASED POWER

    total $100,659,972 · program services $100,659,972

  • 24b · Other expenses: ADMIN & GENERAL

    total $47,984,183 · management and general $47,984,183

  • 24c · Other expenses: OTHER POWER PRODUCTION

    total $37,585,530 · program services $37,585,530

  • 24d · Other expenses: DISTRIBUTION EXPENSE

    total $31,542,259 · program services $31,542,259

  • 24e · All other expenses

    total $21,028,125 · program services $21,028,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,203,209 · end of year $24,110,577

  • 4 · Accounts receivable

    beginning of year $45,288,250 · end of year $53,293,768

  • 8 · Inventories for sale or use

    beginning of year $70,767,433 · end of year $73,358,912

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,523,638 · end of year $107,681,625

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

    $2,431,871,274

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

    $861,713,309

  • 10c · Land, buildings and equipment, net

    beginning of year $1,529,385,686 · end of year $1,570,157,965

  • 11 · Investments: publicly traded securities

    beginning of year $34,926,456 · end of year $43,723,504

  • 13 · Investments: program-related

    beginning of year $6,420,444 · end of year $6,223,314

  • 15 · Other assets

    beginning of year $61,309,497 · end of year $59,773,477

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,108,293 · end of year $29,287,267

  • 23 · Secured mortgages and notes payable

    beginning of year $1,254,285,243 · end of year $1,197,875,953

  • 24 · Unsecured notes and loans payable

    beginning of year $84,000,000 · end of year $168,500,000

  • 25 · Other liabilities

    beginning of year $303,718,625 · end of year $318,212,947

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,043,248 · end of year $2,065,333

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

    beginning of year $198,671,609 · end of year $203,934,583

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,997,595 · end of year $18,447,059

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

CHUGACH ELECTRIC ASSOCIATION, INC. PROVIDES THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRICITY TO RETAIL CUSTOMERS AND THE GENERATION AND TRANSMISSION OF ELECTRICITY TO ITS WHOLESALE CUSTOMER.

  • 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
    $21,491
    From this org
    $21,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Bettina Chastain

    DIRECTOR

    Total calculated
    $17,154
    From this org
    $17,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Susanne Green

    DIRECTOR

    Total calculated
    $17,801
    From this org
    $17,801
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jim Nordlund

    DIRECTOR

    Total calculated
    $14,692
    From this org
    $14,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mark Wiggin

    DIRECTOR

    Total calculated
    $20,040
    From this org
    $20,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stainslava Cooper

    DIRECTOR

    Total calculated
    $15,054
    From this org
    $15,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Dan Rogers

    DIRECTOR

    Total calculated
    $7,544
    From this org
    $7,544
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Arthur Miller

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $696,641
    From this org
    $551,718
    From related orgs
    $0
    Other
    $144,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,823
    Bonus
    $47,102
    Other
    $33,793
    Deferred
    $91,142
    Nontaxable benefits
    $53,781
    Filer's total
    $696,641

  • Sherri Highers

    CHIEF FINANCIAL OFFICER

    Total calculated
    $513,768
    From this org
    $364,665
    From related orgs
    $0
    Other
    $149,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,160
    Bonus
    $0
    Other
    $6,505
    Deferred
    $121,925
    Nontaxable benefits
    $27,178
    Filer's total
    $513,768

  • Andrew Laughlin

    CHIEF OPERATING OFFICER

    Total calculated
    $413,902
    From this org
    $321,335
    From related orgs
    $0
    Other
    $92,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,248
    Bonus
    $0
    Other
    $1,087
    Deferred
    $45,063
    Nontaxable benefits
    $47,504
    Filer's total
    $413,902

  • Allan Rudeck

    CHIEF STRATEGIC OFFICER

    Total calculated
    $436,140
    From this org
    $351,872
    From related orgs
    $0
    Other
    $84,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,274
    Bonus
    $0
    Other
    $2,598
    Deferred
    $30,210
    Nontaxable benefits
    $54,058
    Filer's total
    $436,140

  • Tiffany Wilson

    CHIEF HR OFFICER (THRU 12/24)

    Total calculated
    $344,829
    From this org
    $311,009
    From related orgs
    $0
    Other
    $33,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,730
    Bonus
    $0
    Other
    $22,279
    Deferred
    $10,822
    Nontaxable benefits
    $22,998
    Filer's total
    $344,829

  • Matthew Clarkson

    CHIEF LEGAL OFFICER

    Total calculated
    $455,572
    From this org
    $388,439
    From related orgs
    $0
    Other
    $67,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $361,696
    Bonus
    $0
    Other
    $26,743
    Deferred
    $18,668
    Nontaxable benefits
    $48,465
    Filer's total
    $455,572

  • Sheldon Naslund

    SUBSTATION FOREMAN

    Total calculated
    $442,813
    From this org
    $354,943
    From related orgs
    $0
    Other
    $87,870
    Hours/week
    66

    Schedule J breakdown matched by us

    Base
    $354,943
    Bonus
    $0
    Other
    $0
    Deferred
    $62,810
    Nontaxable benefits
    $25,060
    Filer's total
    $442,813

  • Jeffrey Gilbert

    SUBSTATION LINEMAN

    Total calculated
    $393,204
    From this org
    $291,867
    From related orgs
    $0
    Other
    $101,337
    Hours/week
    63

    Schedule J breakdown matched by us

    Base
    $291,867
    Bonus
    $0
    Other
    $0
    Deferred
    $76,413
    Nontaxable benefits
    $24,924
    Filer's total
    $393,204

  • Mike Snell

    SUBSTATION FOREMAN

    Total calculated
    $382,243
    From this org
    $285,299
    From related orgs
    $0
    Other
    $96,944
    Hours/week
    59

    Schedule J breakdown matched by us

    Base
    $285,299
    Bonus
    $0
    Other
    $0
    Deferred
    $72,020
    Nontaxable benefits
    $24,924
    Filer's total
    $382,243

  • Michael Bullard

    SUBSTATION FOREMAN

    Total calculated
    $331,400
    From this org
    $268,307
    From related orgs
    $0
    Other
    $63,093
    Hours/week
    31

    Schedule J breakdown matched by us

    Base
    $268,307
    Bonus
    $0
    Other
    $0
    Deferred
    $48,841
    Nontaxable benefits
    $14,252
    Filer's total
    $331,400

  • David Waddell

    POWER DISPATCHER

    Total calculated
    $331,209
    From this org
    $255,832
    From related orgs
    $0
    Other
    $75,377
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $255,832
    Bonus
    $0
    Other
    $0
    Deferred
    $50,252
    Nontaxable benefits
    $25,125
    Filer's total
    $331,209

  • Samuel Cason

    DIRECTOR (THRU 05/24)

    Total calculated
    $10,828
    From this org
    $10,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $10,828
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $10,828

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
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
ONE OF CHUGACH'S EMPLOYEES WAS PROVIDED A HOUSING ALLOWANCE. IT IS CONSIDERED A TAXABLE BENEFIT AND AS SUCH, IS INCLUDED IN THEIR W-2 EARNINGS. CHUGACH HAS A HELICOPTER LEASE AND A STANDING AIR CHARTER FOR EMPLOYEES TO REACH FACILITIES AT REMOTE LOCATIONS, SUCH AS THE BELUGA POWER PLANT WHICH IS ONLY ACCESSIBLE BY AIR. SEVERAL OF CHUGACH'S EMPLOYEES, INCLUDING THOSE LISTED, HAVE USED ONE OR BOTH OF THESE SERVICES TO INSPECT OR PERFORM MAINTENANCE ON EQUIPMENT, CONDUCT SUPERVISORY RESPONSIBILITIES, OR ESCORT GUESTS ON TOURS. ON OCCASION, OFFICERS USE FIRST-CLASS TRAVEL FOR TRAVEL OUT OF STATE TO PERFORM BUSINESS ON BEHALF OF THE ORGANIZATION. THE FIRST-CLASS FARES OBTAINED ARE COMPARABLE TO THE COACH FARES AVAILABLE ON THE COMMERCIAL AIRLINE USUALLY USED BY THE ORGANIZATION FOR BUSINESS TRAVEL. THE GROSS-UP PAYMENTS APPLIED TO CHUGACH'S EMPLOYEES ARE NON-CASH REWARDS, CONSISTING OF GIFT CARDS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2026
IRS schema version
2024v5.5
Source object
202602239349302500

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