Kwaan Electric Transmission Intertie Cooperative Inc
Kwaan Electric Transmission Intertie Cooperative Inc. consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 201473466 · Juneau, AK · NTEE: W80 · Updated: 2026-03-28
Is Kwaan Electric Transmission Intertie Cooperative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kwaan Electric Transmission Intertie Cooperative Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kwaan Electric Transmission Intertie Cooperative Inc
Kwaan Electric Transmission Intertie Cooperative Inc (EIN: 201473466) is a nonprofit organization based in Juneau, AK, classified under NTEE code W80. The organization reported total revenue of $126K and total assets of $334K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kwaan Electric Transmission Intertie Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kwaan Electric Transmission Intertie Cooperative Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $176K |
| Surplus / Deficit | $-49,445 |
| Total Assets | $439K |
| Total Liabilities | $308K |
| Net Assets | $131K |
| Operating Margin | -39.1% |
| Debt-to-Asset Ratio | 70.2% |
| Months of Reserves | 30.0 months |
Financial Health Grade: C
In 2023, Kwaan Electric Transmission Intertie Cooperative Inc reported a deficit of $49K with expenses exceeding revenue, holds 30.0 months of operating reserves (strong position), has a debt-to-asset ratio of 70.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kwaan Electric Transmission Intertie Cooperative Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -17.3% | -8.2% |
| 2022 | +0.0% | -36.3% | -28.4% |
| 2021 | +53.9% | +309.6% | -33.9% |
| 2020 | +12.1% | -31.8% | +109.9% |
| 2019 | +0.0% | +30.7% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kwaan Electric Transmission Intertie Cooperative Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kwaan Electric Transmission Intertie Cooperative Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a strong positive for resource allocation within an organization of its size with revenues around $126,312.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kwaan Electric Transmission Intertie Cooperative Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $175,757 expenses vs. $126,312 revenue in 2023).
- Significant increase in liabilities relative to assets over recent years, with liabilities at $307,889 and assets at $438,810 in 2023.
- Declining asset base from a high of $1,010,110 in 2020 to $438,810 in 2023, potentially indicating asset depletion to cover deficits or depreciation.
Strengths
The following positive indicators were identified for Kwaan Electric Transmission Intertie Cooperative Inc:
- Zero officer compensation reported across all available filings, indicating strong commitment to directing resources towards the mission.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Mission-focused on electric transmission intertie, serving a specific community need as indicated by NTEE code W80.
Frequently Asked Questions about Kwaan Electric Transmission Intertie Cooperative Inc
Is Kwaan Electric Transmission Intertie Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kwaan Electric Transmission Intertie Cooperative Inc (EIN: 201473466) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Kwaan Electric Transmission Intertie Cooperative Inc spend its money?
Kwaan Electric Transmission Intertie Cooperative Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kwaan Electric Transmission Intertie Cooperative Inc tax-deductible?
Kwaan Electric Transmission Intertie Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 201473466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kwaan Electric Transmission Intertie Cooperative Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $175,757 expenses vs. $126,312 revenue in 2023). This suggests they are either drawing down on accumulated assets, receiving non-revenue funding (like grants or loans not classified as revenue), or have other financial mechanisms in place to cover the shortfall.
What is the specific nature of the organization's expenses, given its NTEE code W80 (Electric Utilities)?
Without a detailed breakdown of expenses from the 990 filings, it's difficult to ascertain. However, for an electric utility cooperative, expenses would likely include maintenance, infrastructure development, power purchase costs, and operational overhead, rather than typical program service expenses seen in other nonprofit sectors.
What is the long-term strategy for managing increasing liabilities relative to assets?
Liabilities have grown significantly, reaching $307,889 in 2023, while assets have decreased from a peak of over $1 million in 2020 to $438,810 in 2023. This trend raises questions about the organization's financial strategy for debt management and asset sustainability.
Filing History
IRS 990 filing history for Kwaan Electric Transmission Intertie Cooperative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kwaan Electric Transmission Intertie Cooperative Inc's revenue has declined by 85.4%, moving from $862K to $126K. Total assets decreased by 25.7% over the same period, from $591K to $439K. Total functional expenses fell by 79.3%, from $849K to $176K. In its most recent filing year (2023), Kwaan Electric Transmission Intertie Cooperative Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $308K in liabilities against $439K in assets (debt-to-asset ratio: 70.2%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $176K | $439K | $308K | — | — |
| 2022 | $126K | $212K | $478K | $299K | — | View 990 |
| 2021 | $126K | $334K | $668K | $406K | — | View 990 |
| 2020 | $82K | $81K | $1.0M | $545K | — | — |
| 2019 | $73K | $120K | $481K | $18K | — | View 990 |
| 2018 | $73K | $91K | $519K | $16K | — | View 990 |
| 2017 | $73K | $70K | $552K | $32K | — | — |
| 2016 | $139K | $152K | $534K | $19K | — | View 990 |
| 2015 | $254K | $254K | $536K | $11K | — | View 990 |
| 2014 | $342K | $353K | $531K | $10K | — | View 990 |
| 2013 | $390K | $378K | $546K | $17K | — | View 990 |
| 2012 | $227K | $210K | $594K | $80K | — | View 990 |
| 2011 | $862K | $849K | $591K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $176K, and assets of $439K (revenue +0.0% year-over-year).
- 2022: Revenue of $126K, expenses of $212K, and assets of $478K (revenue +0.0% year-over-year).
- 2021: Revenue of $126K, expenses of $334K, and assets of $668K (revenue +53.9% year-over-year).
- 2020: Revenue of $82K, expenses of $81K, and assets of $1.0M (revenue +12.1% year-over-year).
- 2019: Revenue of $73K, expenses of $120K, and assets of $481K (revenue +0.0% year-over-year).
- 2018: Revenue of $73K, expenses of $91K, and assets of $519K (revenue +0.0% year-over-year).
- 2017: Revenue of $73K, expenses of $70K, and assets of $552K (revenue -47.4% year-over-year).
- 2016: Revenue of $139K, expenses of $152K, and assets of $534K (revenue -45.3% year-over-year).
- 2015: Revenue of $254K, expenses of $254K, and assets of $536K (revenue -25.6% year-over-year).
- 2014: Revenue of $342K, expenses of $353K, and assets of $531K (revenue -12.3% year-over-year).
- 2013: Revenue of $390K, expenses of $378K, and assets of $546K (revenue +71.9% year-over-year).
- 2012: Revenue of $227K, expenses of $210K, and assets of $594K (revenue -73.7% year-over-year).
- 2011: Revenue of $862K, expenses of $849K, and assets of $591K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kwaan Electric Transmission Intertie Cooperative Inc:
Data Sources and Methodology
This transparency report for Kwaan Electric Transmission Intertie Cooperative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.