2026-08-11T14:32:25-05:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-10-01 920007954 MATANUSKA ELECTRIC ASSOCIATION INC MATA 9077613231 163 E INDUSTRIAL WAY PALMER AK 99645 ARTHUR KEYES PRESIDENT 9077613231 2026-08-11 1 1 WENDY CAMPOS P00448102 5032421447 2026-08-11 2024 2025-03-06 01:10:19Z ARTHUR KEYES 163 E INDUSTRIAL WAY PALMER AK 99645 182302772 0 X WWW.MEA.COOP X 1941 AK ENERGY SALES TO 73,005 MEMBER CUSTOMERS. 7 7 269 18 0 0 0 0 128863837 181367269 83852 282966 337059 486357 129284748 182136592 25000 35000 5380781 10507277 0 1411508 0 0 0 123878967 170182807 129284748 182136592 0 0 663403201 671991536 460748725 459534491 202654476 212457045 TO PROVIDE SAFE RELIABLE ENERGY AT REASONABLE RATES WITH EXCEPTIONAL MEMBER SERVICE AND COMMITMENT TO THE COMMUNITY WE SERVE. 0 0 ENERGY SALES TO 73,005 MEMBER CUSTOMERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 670 0 1 269 1 0 0 0 0 0 185187417 4501431 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KIMBERLY HENKEL 9077613231 163 E INDUSTRIAL WAY PALMER AK 99645 X BILL KENDIG PRESIDENT 4.00 X X 9528 0 0 DAN TUCKER SECRETARY-TREASURER 4.00 X X 8243 0 0 ARTHUR KEYES VICE PRESIDENT 3.00 X X 7033 0 0 MARK HAMM DIRECTOR 2.00 X 7333 0 0 MARK MASTELLER DIRECTOR 5.00 X 7204 0 0 MAXWELL SUMNER DIRECTOR 3.00 X 6267 0 0 ANASTASIA BURETTA DIRECTOR 3.00 X 6600 0 0 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 60.00 X 593528 0 169912 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 50.00 X 364959 0 348157 BRIAN J HICKEY SENIOR ADVISOR TO THE CEO 0.00 X 406065 0 168889 EDWARD M JENKIN CHIEF ENERGY TRANSF. OFFICER 50.00 X 356035 0 174376 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 66.00 X 298678 0 73307 TONY ZELLERS CHIEF OPERATING OFFICER 60.00 X 354587 0 270736 JULIE ESTEY CHIEF STRATEGY OFFICER 50.00 X 318188 0 133594 2744248 0 1338971 131 0 1 0 ELECTRIC POWER CONSTRUCTORS INC 3305 ARCTIC BLVD 201 ANCHORAGE AK 99503 ELECTRICAL CONSTRUCTION 5021238 ALASKA LINE BUILDERS LLC PO BOX 521405 BIG LAKE AK 99652 ELECTRICAL CONSTRUCTION 4485819 LINEWORKS LLC PO BOX 201146 ANCHORAGE AK 99520 ELECTRICAL CONSTRUCTION 1851845 CARLOS TREE SERVICE INC 2451 CINNABAR LOOP ANCHORAGE AK 99507 CLEARING CONTRACTOR 876743 EKLUTNA CONSTRUCTION & MAINTENANCE LLC 2485 E ZAC CIR STE C WASILLA AK 99654 CONSTRUCTION CONTRACTOR 835187 32 ENERGY SALES 221000 178433212 178433212 OTHER ELECTRIC REVENUE 221000 2085372 2085372 PATRONAGE ALLOCATIONS 221000 781738 781738 TRANSMISSION REVENUE 221000 50282 50282 ALLOW/FUNDS USED CONST 221000 16665 16665 181367269 161313 161313 4620 9933 -5313 -5313 -5313 277900 156247 121653 121653 121653 POLE RENTAL 900099 491670 491670 491670 182136592 181367269 0 769323 35000 10507277 1411508 19471267 25681390 COST OF POWER & PROD. 78578792 DISTR. OPS. & MAINT. 21102039 ADMIN. & GENERAL EXP. 15815175 CONS. ACCTS & CUST SRVC 7601220 1932924 182136592 5368 5368 2092500 970000 11908264 11730066 25003638 25508386 7469699 6884618 934197140 337643842 585727522 596553298 18889326 19153395 12306884 11186405 663403201 671991536 17036230 10933366 428253857 435326323 15458638 13274802 460748725 459534491 X 0 0 197273695 201949768 5380781 10507277 202654476 212457045 663403201 671991536 X 0 9802569 X X 0 0 0 12537261 12537261 156739074 28024482 128714592 746126691 309619360 436507331 18794114 18794114 596553298 CONSUMER DEPOSITS 2795026 DEFERRED CREDITS 3193731 MISC OP RESERVES/ACCUM OP PROVISIONS 937520 OBLIGATIONS UNDER CAPITAL LEASES 385870 OTHER CURRENT & ACCRUED LIABILITIES 5962655 13274802 1 SCHOLARSHIPS 10 35000 PART I, LINE 2: SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SCHOLARSHIP COMMITTEE BASED ON ESTABLISHED CRITERIA AND SCORING GUIDELINES, AND FUNDS ARE DISBURSED DIRECTLY TO THE EDUCATIONAL INSTITUTION UPON VERIFICATION OF ENROLLMENT. X X X X 0 0 0 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 536653 0 40000 0 16875 0 121353 0 49943 0 764824 0 0 0 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 333300 0 20000 0 11659 0 297500 0 52040 0 714499 0 0 0 TONY ZELLERS CHIEF OPERATING OFFICER 306594 0 35000 0 12993 0 253950 0 18169 0 626706 0 0 0 BRIAN J HICKEY SENIOR ADVISOR TO THE CEO 386292 0 10000 0 9773 0 122978 0 47295 0 576338 0 0 0 EDWARD M JENKIN CHIEF ENERGY TRANSF. OFFICER 332908 0 15000 0 8127 0 124040 0 51719 0 531794 0 0 0 JULIE ESTEY CHIEF STRATEGY OFFICER 281765 0 20000 0 16423 0 84938 0 50040 0 453166 0 0 0 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 297988 0 0 0 690 0 44903 0 28404 0 371985 0 0 0 SCHEDULE J, PART II, LINE 3: DURING 2024, BRIAN HICKEY, WHO IS EMPLOYED BY MATANUSKA ELECTRIC ASSOCIATION, INC. WAS FULLY SECONDED TO TWO OTHER ENTITIES: THE BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE IN SUPPORT OF ITS WORK ADVANCING ALASKA RAILBELT-WIDE PROJECTS, AND THE CITY OF SEWARD IN SUPPORT OF ITS DAILY ELECTRIC UTILITY OPERATIONS. THE ASSOCIATION RECEIVES FULL REIMBURSEMENT FOR THESE SECONDMENTS, GIVEN THAT ALL OF MR. HICKEY'S LABOR HOURS WERE DEDICATED TO THESE ROLES. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, WHOSE AUTHORIZATION IS REQUIRED FOR THE ASSOCIATION TO SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF THE ASSOCIATION'S PROPERTY, OR AUTHORIZE THE MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER COOPERATIVE OR ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 WAS REVIEWED BY THE ASSOCIATION'S TAX ADVISOR, AND THEN REVIEWED WITH THE BOARD FINANCE COMMITTEE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION BYLAWS AND MANAGEMENT POLICIES PROVIDE GUIDELINES FOR AVOIDING AND DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THE AGENDA FOR EACH REGULAR MONTHLY MEETING OF THE BOARD OF DIRECTORS INCLUDES AN AGENDA ITEM FOR DIRECTOR DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER WAS BASED ON AN UPDATED EMPLOYMENT AGREEMENT AND COMPENSATION MARKET ANALYSIS. THIS PROCESS WAS LAST UNDERTAKEN BY THE BOARD OF DIRECTORS IN 2024. FORM 990, PART VI, SECTION B, LINE 15B: BOARD OFFICERS, LIKE OTHER BOARD MEMBERS, DO NOT RECEIVE A SALARY, BUT ARE PAID A FIXED FEE FOR EACH DAY OF ATTENDANCE AT A MEETING OF THE BOARD. THE FEE IS DETERMINED ANNUALLY BASED ON THE AVERAGE FIXED FEE PAID TO BOARD MEMBERS OF OTHER NON-PROFIT ELECTRIC COOPERATIVES IN ALASKA SERVING MORE THAN 20,000 MEMBERS. THE PROCESS FOR DETERMINING THE COMPENSATION FOR A KEY EMPLOYEE OTHER THAN THE CHIEF EXECUTIVE OFFICER IS BASED ON PERFORMANCE EVALUATIONS BY THE CHIEF EXECUTIVE OFFICER. ADJUSTMENTS ARE MADE IN ACCORDANCE WITH BOARD POLICIES 102-2, DELEGATION OF AUTHORITY BY THE BOARD OF DIRECTORS TO THE CHIEF EXECUTIVE OFFICER, AND 302-1, NONREPRESENTED COMPENSATION PLAN. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION BYLAWS PROVIDE FOR THE MEMBERS ABILITY TO EXAMINE AND MAKE COPIES OF THE BOOKS AND RECORDS OF THE ASSOCIATION AT A REASONABLE TIME AND FOR A PROPER PURPOSE IN ACCORDANCE WITH ALASKA STATUTES. FORM 990, PART VII, SECTION A, LINE 1A: DURING 2024, BRIAN HICKEY, WHO IS EMPLOYED BY MATANUSKA ELECTRIC ASSOCIATION, INC. WAS FULLY SECONDED TO TWO OTHER ENTITIES: THE BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE IN SUPPORT OF ITS WORK ADVANCING ALASKA RAILBELT-WIDE PROJECTS, AND THE CITY OF SEWARD IN SUPPORT OF ITS DAILY ELECTRIC UTILITY OPERATIONS. THE ASSOCIATION RECEIVES FULL REIMBURSEMENT FOR THESE SECONDMENTS, GIVEN THAT ALL OF MR. HICKEY'S LABOR HOURS WERE DEDICATED TO THESE ROLES. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS 5,340. INCREASE IN OTHER MARGINS & EQUITIES 1,121,886. PATRONAGE CAPITAL RETIRED -1,831,934. PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 10,507,277. FORM 990, PART XII, LINES 2B AND 2C: THE ORGANIZATION HAS CHANGED THEIR ACCOUNTING PERIOD TO A 9/30/25 TAX YEAR END HOWEVER AUDITED FINANCIAL STATEMENTS ARE PREPARED AND ISSUED BASED UPON A 12/31/25 YEAR END. ALASKA ELECTRIC GENERATION & TRANSMISSION INC - CLASS B 163 E INDUSTRIAL WAY PALMER AK 99645 920099222 G&T - COOPERATIVE AK N/A C 100 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0