HOMER ELECTRIC ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

HOMER ELECTRIC ASSOCIATION INC

EIN 92-0014079 · Mutual & Membership Benefit (Y)

What they do

to SAFELY PROVIDE RELIABLE ELECTRICITY to OUR MEMBERS and OUR COMMUNITY THROUGH SUPERIOR CUSTOMER SERVICE and INNOVATIVE ENERGY SOLUTIONS AT FAIR and REASONABLE PRICES.

Before you give

Should I give to this charity?

Easy charity check

We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$98.04spent for every $100 of revenueRevenue covered expenses this year.

$2.38in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $613,053 for BRADLEY P JANORSCHKE (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$116,132,775

Expenses$113,857,098

Annual surplus $2,275,677 Revenue was higher than expenses for this filing year.

See all reported dollar amounts

Revenue$116,132,775

Expenses$113,857,098

Assets$270,588,003

Income$116,132,775

Contributions$8,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRADLEY P JANORSCHKECHIEF EXECUTIVE OFFICER · 40 hrs/week $613,053Base $554,343 · Other $58,710

JOHN JUNGLINGCHIEF TECHNOLOGY OFFICER · 40 hrs/week $435,552Base $381,150 · Other $54,402

SHERI GOWERCHIEF ADMINSTRATIVE OFFICER · 40 hrs/week $423,253Base $368,875 · Other $54,378

LARRY JORGENSENCHIEF POWER PRODUCTION OFFICER · 40 hrs/week $423,119Base $369,323 · Other $53,796

SARAH LAMBECHIEF FINANCIAL OFFICER · 40 hrs/week $372,957Base $320,615 · Other $52,342

STEVE CANNONMANAGER OF OPERATIONS · 40 hrs/week $357,704Base $305,295 · Other $52,409

KERIANN BAKERCHIEF STRATEGY OFFICER · 40 hrs/week $355,624Base $303,294 · Other $52,330

DAVID THOMASSTRATEGIC AFFAIRS OFFICER · 40 hrs/week $333,048Base $209,879 · Other $123,169

DAN FURLONGPRESIDENT · 12 hrs/week $9,200

EUGENE LEVINEDIRECTOR · 1 hrs/week $7,500

ERIN MCKITTRICKDIRECTOR · 2 hrs/week $5,750

WAYNE H OGLEDEPUTY SECRETARY · 2 hrs/week $4,500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

BRADLEY P JANORSCHKECHIEF EXECUTIVE OFFICER

JOHN JUNGLINGCHIEF TECHNOLOGY OFFICER

SHERI GOWERCHIEF ADMINSTRATIVE OFFICER

LARRY JORGENSENCHIEF POWER PRODUCTION OFFICER

SARAH LAMBECHIEF FINANCIAL OFFICER

STEVE CANNONMANAGER OF OPERATIONS

KERIANN BAKERCHIEF STRATEGY OFFICER

DAVID THOMASSTRATEGIC AFFAIRS OFFICER

DAN FURLONGPRESIDENT

EUGENE LEVINEDIRECTOR

ERIN MCKITTRICKDIRECTOR

WAYNE H OGLEDEPUTY SECRETARY

DAN GREENDIRECTOR

JAMES DUFFIELD IISECRETARY/TREASURER

ROBERT WALLVICE PRESIDENT

LOUIS FLORADIRECTOR

CHARLES MIKE CHENAULTDIRECTOR

About this charity

Recognized since: January 1951
Location: 3977 Lake Street, Homer, AK 996037680
County: Kenai Peninsula
In care of: Sarah Lambe
Primary officer: Sarah Lambe, CFO

How to reach them

WebsiteVisit the charity’s website Phone(907) 235-8551

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BDO USA
NTEE classification: Mutual & Membership Benefit (Y)
IRS tax category: Mutual & Membership Benefit