Nonprofit · EIN 92-0027674
NAKNEK ELECTRIC ASSOCIATION INC
Tax-exempt · NAKNEK, AK 99633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $13,054,861 | $13,038,597 | $16,264 | $45,793,844 | $29,898,434 | $15,895,410 |
| December 31, 2024 | 990 | $12,884,593 | $12,694,699 | $189,894 | $45,198,038 | $29,318,864 | $15,879,174 |
| December 31, 2023 | 990 | $13,669,699 | $13,286,370 | $383,329 | $46,961,445 | $31,281,556 | $15,679,889 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,181,261
- of which government grants
- $2,181,261
- Program service revenue
- $10,681,582
- Investment income
- $84,459
- Other revenue
- $107,559
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $235,257
- Salaries, compensation and benefits (total)
- $235,257
- Professional fundraising fees
- $0
- Depreciation
- $1,326,428
Balance sheet and other
- Total assets, start of year
- $45,198,038
- Total assets, end of year
- $45,793,844
- Total liabilities, end of year
- $29,898,434
- Net assets, end of year
- $15,895,410
- Land, buildings and equipment
- $18,352,715
- Gross receipts
- $13,054,861
- Employees
- 28
- Volunteers
- 0
- Year formed
- 1949
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE KING | GENERAL MANAGER Officer | 50 | $167,710 | $56,272 |
| JEFFERY KASHEVAROF | PLANT FOREMAN Highest-paid employee | 40 | $164,751 | $52,879 |
| RYAN ANDERSON | LINEMAN Highest-paid employee | 40 | $152,515 | $52,858 |
| MICHAEL JAMES | OPERATOR Highest-paid employee | 40 | $131,264 | $52,093 |
| KENNETH PULICE | OPERATIONS MANAGER Highest-paid employee | 40 | $131,076 | $50,624 |
| PERO SKARIC | OPERATOR Highest-paid employee | 40 | $122,245 | $51,921 |
| NANCI LYON | VICE PRESIDENT Trustee or director, Officer | 1 | $2,025 | $550 |
| SYLVIA ALFORD | DIRECTOR Trustee or director | 1 | $1,800 | $550 |
| TIMOTHY MCDERMOTT | PRESIDENT Trustee or director, Officer | 2 | $1,275 | $550 |
| LISA ANDERSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,125 | $550 |
| CATHRYN STILES | DIRECTOR Trustee or director | 1 | $750 | $550 |
| JUDY JO MATSON | DIRECTOR Trustee or director | 1 | $750 | $0 |
| EARL HUBB | DIRECTOR Trustee or director | 1 | $225 | $349 |
| SARAH BRUCE | DIRECTOR Trustee or director | 1 | $225 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE KING | GENERAL MANAGER Officer | 50 | $172,171 | $55,691 |
| JEFFERY KASHEVAROF | PLANT FOREMAN Highest-paid employee | 40 | $142,026 | $48,651 |
| JEFFERY SINKULAR | LINEMAN Highest-paid employee | 40 | $137,529 | $48,173 |
| PERO SKARIC | OPERATOR Highest-paid employee | 40 | $135,580 | $49,571 |
| RONALD ZIMIN | OPERATOR Highest-paid employee | 40 | $134,977 | $49,049 |
| MICHAEL JAMES | OPERATOR Highest-paid employee | 40 | $131,622 | $48,482 |
| NANCI LYON | VICE-PRESIDENT Trustee or director, Officer | 1 | $4,017 | $504 |
| EARL HUBB | DIRECTOR Trustee or director | 1 | $1,650 | $504 |
| CATHRYN STILES | DIRECTOR Trustee or director | 1 | $1,575 | $504 |
| SYLVIA ALFORD | DIRECTOR Trustee or director | 1 | $1,575 | $504 |
| TIM MCDERMOTT | PRESIDENT Trustee or director, Officer | 2 | $975 | $504 |
| LISA ANDERSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $900 | $504 |
| DAN SEITZ | DIRECTOR Trustee or director | 1 | $675 | $294 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE KING | GENERAL MANAGER Officer | 50 | $166,823 | $53,685 |
| JEFFERY SINKULAR | LINEMAN Highest-paid employee | 40 | $137,526 | $49,463 |
| RONALD ZIMIN | OPERATOR Highest-paid employee | 40 | $134,087 | $49,815 |
| MICHAEL JAMES | OPERATOR Highest-paid employee | 40 | $128,828 | $50,551 |
| KENNETH PULICE | OPERATIONS MANAGER Highest-paid employee | 40 | $117,899 | $44,352 |
| PERO SKARIC | OPERATOR Highest-paid employee | 40 | $114,498 | $47,368 |
| DAN SEITZ | DIRECTOR Trustee or director | 1 | $3,450 | $504 |
| CATHRYN STILES | DIRECTOR Trustee or director | 1 | $2,690 | $504 |
| LISA ANDERSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,500 | $504 |
| TIM MCDERMOTT | PRESIDENT Trustee or director, Officer | 2 | $1,050 | $504 |
| NANCI LYON | VICE-PRESIDENT Trustee or director, Officer | 1 | $825 | $504 |
| EARL HUBB | DIRECTOR Trustee or director | 1 | $750 | $504 |
| SYLVIA ALFORD | DIRECTOR ELECTED Trustee or director | 1 | $825 | $294 |
| DON STRAND | DIRECTOR Trustee or director | 1 | $225 | $126 |
Address and contacts
- Address (IRS master file)
- PO BOX 118, NAKNEK, AK 99633-0118
- In care of
- % NAKNEK ELECTRIC ASSOCIATION
- Principal officer (990 for 2025)
- DIANNE KING, PO BOX 118, NAKNEK, AK 99633
- Signed the 990
- DIANNE KING, GENERAL MANAGER
- Phone
- (907) 246-4261
- Website
- WWW.NAKNEKELECTRIC.COM
- Return prepared by
- ALDRICH CPAS AND ADVISORS LLP
Mission
GENERATION AND SALE OF ELECTRICAL ENERGY TO THE COMMUNITIES OF NAKNEK, SOUTH NAKNEK AND KING SALMON, AK.
Program accomplishments
- GENERATION AND SALE OF ELECTRICAL ENERGY TO THE COMMUNITIES OF NAKNEK, SOUTH NAKNEK AND KING SALMON, AK. AT DECEMBER 31, 2025, 1,039 ELECTRIC LINES WERE IN SERVICE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0027674
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,793,844
- Income (IRS master file)
- $13,054,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $13,054,861 | $13,038,597 | $45,793,844 | XML |
| 990 | December 2024 | $12,884,593 | $12,694,699 | $45,198,038 | IRS |
| 990 | December 2023 | $13,669,699 | $13,286,370 | $46,961,445 | XML |
| 990 | December 2022 | $12,949,477 | $12,654,298 | $48,731,346 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0027674).
Questions about NAKNEK ELECTRIC ASSOCIATION INC
- What is the EIN of NAKNEK ELECTRIC ASSOCIATION INC?
- The employer identification number (EIN) of NAKNEK ELECTRIC ASSOCIATION INC is 92-0027674.
- Is NAKNEK ELECTRIC ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1962.
- Are donations to NAKNEK ELECTRIC ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NAKNEK ELECTRIC ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NAKNEK ELECTRIC ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NAKNEK ELECTRIC ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NAKNEK ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names DIANNE KING.
- Who are the officers and directors of NAKNEK ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $167,710 (DIANNE KING, GENERAL MANAGER).
- How much revenue does NAKNEK ELECTRIC ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $13,054,861, expenses of $13,038,597 and total assets of $45,793,844 at year end.
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