Copper Valley Electric Association
Legal name: Copper Valley Electric Association Inc
Nonprofit profile at a glance
- EIN
- 920023631
- IRS 990 coverage
- 2018–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Glennallen, Alaska, USA
- Phone
- 907-822-3211
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $26,545,299
- Expenses
- $26,123,222
- Assets
- $87,854,885
- Liabilities
- $63,948,174
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- LON RAKE (PRESIDENT)
- YVETTE DELAQUITO (VICE PRESIDENT)
- JAIME MATTHEWS (CEO)
Highest reported compensation
- JAIME MATTHEWS (CEO): $409,351 total reported compensation
- DONALD MCKINZEY (COO): $308,103 total reported compensation
- TIMOTHY STRADINGER (LINE FOREMAN): $262,868 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Exceptional service through safe, reliable, cost-effective electric service and programs.
What it reported doing in 2025
Sale of electricity to 4,057 member consumers
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 87
- Accountability: 86
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.4%; rating input score 89
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.6%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 3.36; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 12th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 89.4% of revenue deployed · 91.6% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $23.9M in reported program spending
- Leadership: top reported pay $409K · 15 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.2M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.