2024-11-13T20:01:14-06:00 2023-12-31 BDO USA 3601 C STREET STE 600 ANCHORAGE AK 99503 990 2023-01-01 920014079 Homer Electric Association Inc % SARAH LAMBE HOME 9072358551 3977 Lake Street Homer AK 996037680 Sarah Lambe DIRECTOR OF FINANCE 9072358551 2024-11-13 true true Matthew Frerker CPA P01677675 9072788878 2024-11-01 2023 2024-10-15 13:58:12Z Bradley P Janorschke 3977 Lake Street Homer AK 996037680 109015250 false X WWW.HOMERELECTRIC.COM X 1946 AK PROVIDE ELECTRICAL SERVICES TO OUR MEMBERS. 9 9 159 0 0 11000 9500 105485664 108419129 192705 296361 267642 290260 105957011 109015250 10000 10000 0 0 920334 981653 0 0 0 102799321 107861844 103729655 108853497 2227356 161753 267608771 268137644 145737744 148714815 121871027 119422829 TO SAFELY PROVIDE RELIABLE ELECTRICITY TO OUR MEMBERS AND OUR COMMUNITY THROUGH SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES. false false HOMER ELECTRIC ASSOCIATION (HEA) OPERATES ON A COOPERATIVE BASIS AND IS IN COMPLIANCE WITH THE COOPERATIVE REQUIREMENTS. HEA PROVIDED A TOTAL OF 452,107,802 KWHS TO 33,818 CONSUMERS DURING 2023. false true false false false false false false false true false true false true true false true false false false false false false false false false false true true false false false false false false false false false false false true true true false true 86 0 true 159 true false false false false false 107535614 1479636 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false X SARAH LAMBE 9072358551 3977 LAKE STREET HOMER AK 996037680 X Bradley P Janorschke General Manager 40.0 1.0 X 380869 0 197017 John Jungling Director of Cyber Security 40.0 0.0 X 254027 0 156235 Sheri Gower Director of Administration 40.0 0.0 X 248100 0 156211 Larry Jorgensen Dir of Power, Fuels & Dispatch 40.0 0.0 X 247962 0 150044 Sarah Lambe Director of Finance 40.0 1.0 X 212898 0 139460 Steve Cannon Director of Operations 40.0 0.0 X 224634 0 115972 Keriann Baker Director of Member Services 40.0 0.0 X 221979 0 114784 David Thomas Manager of Strategic Affairs 40.0 0.0 X 213400 0 114105 Dan Furlong President 10.0 0.5 X X 10850 0 0 Erin McKittrick Director 1.0 0.5 X 8400 0 0 Wayne H Ogle Deputy Secretary 2.0 0.5 X X 6300 0 0 Eugene Levine Director 1.0 0.5 X 5450 0 0 Robert Wall Vice President 2.0 0.5 X X 4850 0 0 Charles Mike Chenault Director 1.0 0.5 X 4500 0 0 James Duffield II Secretary/Treasurer 2.0 0.5 X X 3950 0 0 Louis Flora Director 1.0 0.5 X 2558 0 0 Dan Green Director 1.0 0.5 X 2450 0 0 Charles Rudstrom Deputy Secretary Until May 1.0 0.5 X X 2100 0 0 2055277 0 1143828 100 true true false BIRCH HORTON BITTNER INC 510 L St Ste 700 ANCHORAGE AK 99501 Legal 616122 EVERSHEDS SUTHERLAND US LLP 999 Peachtree St NE Ste 2300 ATLANTA GA 30309 LEGAL 521701 B B LANDSCAPE 36239 Glacier Ave W STERLING AK 99672 Grounds Maintenance 199410 BIG STATE CONTRACTING LLC 2544 Winter Ridge Ct ANCHORAGE AK 99507 Construction 140000 COLLET ASSOCIATES LLC 4151 N Mullberry Dr Ste 245 KANSAS CITY MO 64116 Consulting 119350 5 9500 9500 ELECTRICAL SERVICE REVENUE 221000 107535614 107535614 CAPITAL CREDITS ALLOCATION 221000 883515 883515 108419129 220708 220708 0 0 262500 262500 0 262500 262500 75653 75653 75653 75653 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 27760 27760 27760 109015250 108681629 324121 0 10000 0 0 981653 0 0 0 0 0 0 0 0 0 0 0 439877 0 1197729 0 0 759260 0 0 225151 5643467 0 9241738 0 PURCHASED POWER COST 69542192 DISTRIBUTION OPS & MAINT 9967805 ADMINISTRATIVE & GENERAL 4984968 CONSUMER ACCOUNTS & SALES 3793475 2066182 108853497 3600 3600 2167281 3098263 0 0 9192990 8277296 0 0 0 0 333325 310995 4174142 4744091 8461138 8811166 316685116 138727223 178836338 177957893 0 0 0 0 64408192 64902575 0 0 31765 31765 267608771 268137644 12100280 14957948 0 0 1549952 1632323 0 0 0 0 0 0 128791487 130874883 2000000 0 1296025 1249661 145737744 148714815 X 0 0 0 0 121871027 119422829 121871027 119422829 267608771 268137644 X 161753 -2609951 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3217256 3217256 0 16626441 6451997 10174444 0 296841419 132275226 164566193 177957893 INVESTMENTS IN ASSOCIATED ORGS 64902575 F 64902575 0 CONSUMER DEPOSITS 1249661 1249661 X 109015250 109015250 109015250 108853497 108853497 108853497 FORM 990, SCHEDULE D, PART X, LINE 2: HEA applies the provisions of ASC Topic 740 relating to accounting for uncertainty in income taxes. HEA annually reviews its tax positions taken in accordance with the recognition standards. It is management's opinion that there are no uncertain tax positions which would require disclosure or adjustment in these consolidated financial statements. true SCHOLARSHIPS 10 10000 FORM 990, SCHEDULE I, PART I, LINE 2: THE MEMBER SERVICES SUPERVISOR MANAGES THE SCHOLARSHIP PROGRAM AND MAINTAINS A COPY OF THE BOARD RESOLUTION APPROVING THE AWARD WINNERS. SCHOLARSHIP FUNDS ARE DISBURSED THROUGH THE RECIPIENT'S CHOSEN SCHOOL UPON NOTIFICATION OF THE STUDENT'S REGISTRATION BY THE SCHOOL'S FINANCIAL AID OR REGISTRAR'S OFFICE. SCHOLARSHIP FUNDS MUST BE DISTRIBUTED EQUALLY BETWEEN SEMESTERS. FUNDS MAY BE USED FOR REGISTRATION, TUITION, BOOKS, ROOM, BOARD, AND ANY ASSOCIATED STUDENT ENROLLMENT FEES. FUNDS MAY NOT BE APPLIED TOWARD TRANSPORTATION. ANY FUNDS NOT USED BY THE RECIPIENT WITHIN TWO SEMESTERS OF INITIAL REGISTRATION WILL REVERT TO THE HEA SCHOLARSHIP TRUST. FORM 990, SCHEDULE I, PART III, LINE 1: THE OBJECTIVE OF THE SCHOLARSHIP PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE TO COOPERATIVE MEMBERS AND THEIR DEPENDENTS FOR POST HIGH SCHOOL EDUCATION AND/OR TECHNICAL TRAINING UNDER THE GUIDELINES OF THE ARECA EDUCATIONAL FOUNDATION AND HOMER ELECTRIC ASSOCIATION'S SCHOLARSHIP COMMITTEE. X X X false false false Bradley P Janorschke General Manager 380869 156651 40366 577886 Sheri Gower Director of Administration 248100 116532 39679 404311 Larry Jorgensen Dir of Power, Fuels & Dispatch 247962 110454 39590 398006 Sarah Lambe Director of Finance 212898 100193 39267 352358 John Jungling Director of Cyber Security 254027 116532 39703 410262 Steve Cannon Director of Operations 224634 76657 39315 340606 Keriann Baker Director of Member Services 221979 75517 39267 336763 David Thomas Manager of Strategic Affairs 213400 74795 39310 327505 FORM 990, PART VI, SECTION A, LINE 6: OUR MEMBERS CONSIST OF CUSTOMERS WITH ELECTRICAL SERVICE TO THEIR RESIDENCE OR BUSINESS. WE DO NOT HAVE ANY STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A: AMENDMENTS TO OUR BYLAWS AND ELECTION OF BOARD MEMBERS ARE THE ONLY ISSUES THAT ELIGIBLE MEMBERS MAY VOTE ON DURING OUR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B: FINANCE STAFF REVIEWS THE FORM 990 IN DETAIL AFTER PREPARATION BY THE CPA FIRM. THEY COMPARE IT TO AUDITED FINANCIALS, ANNUAL REPORTS, GENERAL LEDGER ACCOUNTS, DETAILS FROM THE PREPARATION PACKAGE, AND PRIOR YEAR FILINGS. BOARD MEMBERS RECEIVE A COPY PRIOR TO FILING. STAFF FURTHER REVIEWS THE FORM WITH THE BOARD WHEN REQUESTED AND IS AVAILABLE FOR QUESTIONS. THE DIRECTOR OF FINANCE PROVIDES A FINAL REVIEW PRIOR TO SIGNING AND AUTHORIZING THE CPA FIRM TO FILE IT ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUIRING QUARTERLY REVIEW OF ALL RELATED PARTY TRANSACTIONS BY THE BOARD FINANCE COMMITTEE PER BOARD POLICIES #723 AND #104. THE GENERAL MANAGER OBTAINS DISCLOSURES FROM AFFECTED EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15: THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S GENERAL MANAGER INCLUDES REVIEW AND APPROVAL BY THE BOARD, COMPLETE WITH EXTERNAL REVIEW OF THE COMPENSATION PROCESS BY AN INDEPENDENT CONSULTANT. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION IS IN ACCORDANCE WITH COMPANY POLICIES. NON-BARGAINING WAGE AND SALARY RATES ARE DETERMINED BY ANNUAL PERFORMANCE APPRAISALS AND A REVIEW OF NATIONAL COMPARABILITY DATA PROVIDED BY NATIONAL RURAL ELECTRIC COOPERATIVES ASSOCIATION (NRECA) COMPENSATION PROGRAM. THE COMPENSATION PLAN IS UPDATED ANNUALLY USING AN INDEPENDENT ASSOCIATION TO ENSURE THAT THE COMPENSATION MID-POINT REMAINS CONSISTENT WITH THE MARKET VALUE WHICH IS DETERMINED BY THE NATIONAL SALARY SURVEY. ALL OTHER EMPLOYEES ARE COMPENSATED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS WITH THEIR RESPECTIVE UNIONS. THE HUMAN RESOURCE DEPARTEMENT REGULARLY CONDUCTS COMPREHENSIVE RE-EVALUATION OF POSITIONS ON THE MATRIX AND WRITTEN DOCUMENTATION IS MAINTAINED IN CONFIDENTIAL PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON ITS WEBSITE. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CAPITAL CREDITS RETIRED (3,631,540) DONATED CAPITAL INCREASE 1,022,934 MEMBERSHIP DECREASE (1,345) TOTAL (2,609,951) ALASKA ELECTRIC AND ENERGY COOP 3977 LAKE STREET HOMER AK 99603 920177236 ELECTRICAL AK 501(C)(12) N/A HEA true false false false false false false false false false false false false false true true true true false false ALASKA ELECTRIC AND ENERGY COOP P 69271597 CASH PAYMENTS ALASKA ELECTRIC AND ENERGY COOP Q 11494441 CASH PAYMENTS