Golden Valley Electric Assn Inc
501(c)(12)
Strong reserves Growing revenue
Golden Valley Electric Assn Inc is a 501(c)(12) organization based in Fairbanks, Alaska, registered in 1954, with $309,695,755 in FY2024 revenue.
758 Illinois St, Fairbanks, AK, 99701 EIN 92-0014712 Since 1954
Revenue (FY2024)
$309.7M
▲ 4.7% vs prior year
Expenses (FY2024)
$307.3M
Net assets
$279.8M
Employees
334
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Golden Valley Electric Assn Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Golden Valley Electric Assn Inc: 11 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Golden Valley Electric Assn Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Golden Valley Electric Assn Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
Financial trends
Revenue grew from $242.5M (FY2013) to $309.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $484.5MNet assets $279.8M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$764.3M
Total liabilities
$484.5M
Net assets
$279.8M
Salaries & benefits
$47.8M
16% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $309,695,755▲4.7% | $307,253,354▲4.9% | $279,756,929▲2.3% | $764,269,185▼2.6% | 990 |
| 2023 | $295,865,368▲1.9% | $292,938,561▲2.1% | $273,391,585▲1.4% | $785,044,640▲4.9% | 990 |
| 2022 | $290,488,698▲11.0% | $286,809,541▲11.3% | $269,653,773▲5.5% | $748,155,757 | 990 |
| 2021 | $261,622,497▲7.9% | $257,770,222▲7.6% | $255,645,986▲12.1% | $748,489,323▲1.6% | 990 |
| 2020 | $242,508,508▼1.9% | $239,567,195▼1.0% | $228,066,051▲4.9% | $736,665,549▼1.0% | 990 |
| 2019 | $247,101,009▼1.9% | $242,098,066▼3.2% | $217,343,788▲4.3% | $743,846,732▲0.1% | 990 |
| 2018 | $251,998,224▲1.8% | $250,014,827▲2.7% | $208,387,462▼2.2% | $742,947,778▲2.0% | 990 |
| 2017 | $247,518,970▲2.0% | $243,516,991▲5.0% | $213,182,638▲10.1% | $728,297,266▼0.7% | 990 |
| 2016 | $242,676,241▲5.7% | $231,992,426▲11.1% | $193,543,073▲14.9% | $733,247,680▲2.1% | 990 |
| 2015 | $229,509,655▼2.6% | $208,835,517▼10.8% | $168,479,660▲18.5% | $718,455,482▲10.2% | 990 |
| 2014 | $235,695,767▼2.8% | $234,011,998▼2.9% | $142,144,120▲0.1% | $651,740,444▲5.9% | 990 |
| 2013 | $242,508,601 | $241,062,458▼10.3% | $142,028,425▲11.4% | $615,310,365▲5.5% | 990 |
| 2012 | — | $268,651,552▲9.0% | $127,484,921▲4.7% | $583,176,679▲19.2% | 990 |
| 2011 | — | $246,450,155▲15.9% | $121,719,296▲3.4% | $489,380,839▲5.5% | 990 |
| 2010 | — | $212,670,687 | $117,710,643 | $463,988,433 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Travis Million — $313,529 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Travis Million | President & Ceo: June-dec 2024 | 40 | $313,529 |
| John Burns | President & Ceo: Jan-june 2024 | 27.19 | $286,325 |
| Sarah Rixie | Cfo | 50.64 | $263,954 |
| Daniel Bishop | Director of Engineering Svcs. | 46.8 | $243,330 |
| Christopher Forrest | Director of Power Supply | 40.54 | $226,403 |
| Abbigail Dillard | Director of Member Services | 65.44 | $226,271 |
| John Kelly | Gas Turbine Plant Manager | 40 | $221,566 |
| Benjamin Porter | Lineman Journeyman | 54.35 | $220,392 |
| Ian Olesen | Lineman Journeyman | 56.31 | $217,675 |
| Reagan Russell | Director of Human Resources | 47.08 | $212,983 |
| James Gappert | Lineman Journeyman | 58.77 | $211,000 |
| Jared Carter | E & I Foreman | 53.98 | $210,812 |
| Nathaniel Minnema | Director of Operations | 44.19 | $194,411 |
| Naomi Morton Knight | Environmental Officer | 40.12 | $186,629 |
| Shannon Telling | Director of Information Tech. | 40.9 | $180,948 |
| Gary C Newman | Secretary | 18.89 | $19,825 |
| David Pelunis-messier | Treasurer | 4.94 | $19,775 |
| Thomas P Delong | Chairman | 10.91 | $19,525 |
| Frederick W Sheen | Director | 7.73 | $18,875 |
| Richard J Solie Jr | Director | 5.39 | $15,925 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jaffa Construction Inc | General Contractor | $5,293,767 |
| Fullford Electric Inc | Elec. Contractor | $3,399,088 |
| Haskell Corporation | General Contractor | $2,759,258 |
| Alasconnect Inc | It Support and Svcs | $1,690,925 |
| Bluewater Energy Inc | E&i Support Staffing | $1,443,443 |
Grants made · $21K in FY2024
1 grant totaling $21K in FY2024. All grants made by Golden Valley Electric Assn Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of the Tanana Valley Inc | Charitable contributions | $21,371 |
Frequently asked questions
- Is Golden Valley Electric Assn Inc a legitimate nonprofit?
- Yes. Golden Valley Electric Assn Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 92-0014712, based in Fairbanks, Alaska.
- What is Golden Valley Electric Assn Inc's EIN?
- Golden Valley Electric Assn Inc's Employer Identification Number (EIN) is 92-0014712.
- How much revenue does Golden Valley Electric Assn Inc report?
- Golden Valley Electric Assn Inc reported $309,695,755 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Golden Valley Electric Assn Inc's highest-paid employee make?
- The highest reported compensation on Golden Valley Electric Assn Inc's latest Form 990 is $313,529, paid to Travis Million (President & Ceo: June-dec 2024).
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Data for Golden Valley Electric Assn Inc (EIN 92-0014712) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.