2018-07-24T16:37:55-05:00 2017-12-31 BDO USA LLP 3601 C STREET STE 600 ANCHORAGE AK 99503 990 2017-01-01 920014079 Homer Electric Association Inc % EMILY HUTCHISON HOME 9072358551 3977 Lake Street Homer AK 996037680 EMILY HUTCHISON DIRECTOR OF FINANCE 9072358551 2018-07-23 true Nayyir Rawhani CPA P01772194 9072788878 2018-07-03 2017 2022-09-23 18:48:47Z Bradley P Janorschke 3977 Lake Street Homer AK 996037680 102960089 false X WWW.HOMERELECTRIC.COM X 1946 AK Provide electrical services to our members. 9 9 157 0 11000 13000 99167402 102481344 121303 133393 200445 164186 99500150 102791923 11000 13000 0 0 710099 751803 0 0 0 91994203 96201257 92715302 96966060 6784848 5825863 238313933 244080590 143879289 145115975 94434644 98964615 To safely provide reliable electricity to our members and our community through superior customer service and innovative energy solutions at fair and reasonable prices. false false HOMER ELECTRIC ASSOCIATION (HEA) OPERATES ON A COOPERATIVE BASIS AND IS IN COMPLIANCE WITH THE COOPERATIVE REQUIREMENTS. HEA PROVIDED A TOTAL OF kWhs 479,210,788 TO 31,470 CONSUMERS DURING 2017. false true false false false false false false false true false true false true true false true false false false false false false false false false false true true false false false false false false false false false false false true true true false true 81 0 true 157 true false false false false false 99628891 76876 false X 9 9 false false false false true true false true true false false true true true true true true true true false X EMILY HUTCHISON 9072358551 3977 LAKE STREET HOMER AK 996037680 X Dan Chay President 1.0 0.5 X X 8100 0 0 David Thomas Vice President 1.0 0.5 X X 7000 0 0 Edward Oberts Secretary/Treasurer 1.0 0.5 X X 6450 0 0 Eugene Levine Deputy Secretary 1.0 0.5 X X 5500 0 0 William Fry Director 1.0 0.5 X 4250 0 0 Donald Stead Director 1.0 0.5 X 3250 0 0 David Carey Director 1.0 0.5 X 5000 0 0 Richard Waisanen Director 1.0 0.5 X 2200 0 0 Kelly Bookey Director 1.0 0.5 X 0 0 0 Dan Furlong Director 1.0 0.5 X 3950 0 0 Bradley Janorschke General Manager 40.0 1.0 X 293572 0 142962 Emily Hutchison Director of Finance 40.0 1.0 X 181634 0 87935 Michael Bryant Power Plant Shift Supervisor 40.0 0.0 X 185303 0 70540 Robert Day Bradley Project Manager 40.0 0.0 X 187902 0 105518 Jon Cress Director of Operations 40.0 0.0 X 192267 0 105806 Jimmy Love Serviceman 40.0 0.0 X 204145 0 55549 Mark Peery Director of Engineering 40.0 0.0 X 209335 0 116662 1499858 0 684972 91 false true false PERKINS COLE LLP 1201 THIRD AVE STE 4900 SEATTLE WA 98101 LEGAL 313006 BALDWIN BUTLER LLC 125 NORTH WILLOW STREET SUITE 100 KENAI AK 99611 LEGAL 275231 MCMILLEN LLC 1401 SHORELINE DR STE 100 BOISE ID 83702 CONSULTING 101500 MARK WEBER 640 RANGEVIEW HOMER AK 99603 SNOWPLOWING 105890 B B LANDSCAPE 36239 GLACIER AVE W STERLING AK 99672 SNOWPLOWING 107205 5 13000 13000 ELECTRICAL SERVICE REVENUE 221000 99340661 99340661 CAPITAL CREDITS ALLOCATION 221000 3140683 3140683 102481344 113467 113467 0 0 252000 88092 163908 0 163908 163908 100000 80074 19926 19926 19926 0 0 0 0 0 0 0 0 0 OTHER 221000 278 278 278 102791923 102645252 133671 0 13000 0 0 751803 0 0 0 0 0 0 0 0 0 0 0 2185026 50013 1126813 0 0 755245 0 0 154177 5075129 0 7374837 0 PURCHASED POWER COST 63994986 DISTRIBUTIONS - MAINTENANCE 5066446 ADMINISTRATION & GENERAL 4228947 CONSUMER ACCOUNTS 3007361 3182277 96966060 3600 3600 2353661 1712849 0 0 8975728 8900047 0 0 0 0 699042 589042 3829449 3809202 8755344 7084641 273496205 109057335 156761245 164438870 0 0 0 0 47166282 49988607 0 0 9769582 7553732 238313933 244080590 11207137 11810959 0 0 877000 707993 0 0 0 0 0 0 130579699 131373869 0 0 1215453 1223154 143879289 145115975 X 0 0 0 0 94434644 98964615 94434644 98964615 238313933 244080590 X 5825863 -1295892 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3232102 3232102 18206083 5500150 12705933 252058020 103557185 148500835 164438870 0 0 CONSUMER DEPOSITS 1223154 1223154 X 102778923 102778923 13000 13000 102791923 96953060 96953060 13000 13000 96966060 FORM 990, SCHEDULE D, PART X, LINE 2D: HEA APPLIES THE PROVISIONS OF TOPIC 740 OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. HEA ANNUALLY REVIEWS ITS TAX POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. IT IS HEA MANAGEMENT'S OPINION THAT IT HAS NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B: GRANTS RECEIVED FOR SCHOLARSHIPS FORM 990, SCHEDULE D, PART XII, LINE 4B: GRANTS GIVEN AS SCHOLARSHIPS true SCHOLARSHIPS 13 13000 FORM 990, SCHEDULE I, PART I, LINE 2: THE MEMBER SERVICES SUPERVISOR MANAGES THE SCHOLARSHIP PROGRAM AND MAINTAINS A COPY OF THE BOARD RESOLUTION APPROVING THE AWARD WINNERS. SCHOLARSHIP FUNDS ARE DISBURSED THROUGH THE RECIPIENT'S CHOSEN SCHOOL UPON NOTIFICATION OF THE STUDENT'S REGISTRATION BY THE SCHOOL'S FINANCIAL AID OR REGISTRAR'S OFFICE. SCHOLARSHIP FUNDS MUST BE DISTRIBUTED EQUALLY BETWEEN SEMESTERS. FUNDS MAY BE USED FOR REGISTRATION, TUITION, BOOKS, ROOM, BOARD, AND ANY ASSOCIATED STUDENT ENROLLMENT FEES. FUNDS MAY NOT BE APPLIED TOWARD TRANSPORTATION. ANY FUNDS NOT USED BY THE RECIPIENT WITHIN TWO SEMESTERS OF INITIAL REGISTRATION WILL REVERT TO THE HEA SCHOLARSHIP TRUST. FORM 990, SCHEDULE I, PART III, LINE 1: OBJECTIVE OF SCHOLARSHIP PROGRAM TO PROVIDE FINANCIAL ASSISTANCE TO COOPERATIVE MEMBERS AND THEIR DEPENDENTS FOR POST HIGH SCHOOL EDUCATION AND/OR TECHNICAL TRAINING UNDER THE GUIDELINES OF THE ARECA EDUCATIONAL FOUNDATION AND HOMER ELECTRIC ASSOCIATION'S SCHOLARSHIP COMMITTEE. X X X false false false Bradley Janorschke General Manager 293572 0 0 0 0 0 108413 34549 436534 0 0 0 Emily Hutchison Director of Finance 181634 0 0 0 0 0 72510 15425 269569 0 0 0 Michael Bryant Power Plant Shift Supervisor 185303 0 0 0 0 0 37992 32548 255843 0 0 0 Robert Day Bradley Project Manager 187902 0 0 0 0 0 72138 33380 293420 0 0 0 Jon Cress Director of Operations 192267 0 0 0 0 0 72492 33314 298073 0 0 0 Jimmy Love Serviceman 204145 0 0 0 0 0 32040 23509 259694 0 0 0 Mark Peery Director of Engineering 209335 0 0 0 0 0 82990 33672 325997 0 0 0 FORM 990, PART VI, SECTION A, LINE 6: OUR MEMBERS CONSIST OF CUSTOMERS WITH ELECTRICAL SERVICE TO THEIR RESIDENCE OR BUSINESS. WE DO NOT HAVE ANY STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A: AMENDMENTS TO OUR BYLAWS AND ELECTION OF BOARD MEMBERS ARE THE ONLY ISSUES THAT ELIGIBLE MEMBERS MAY VOTE ON DURING OUR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11: FINANCE STAFF REVIEWS THE FORM 990 IN DETAIL AFTER PREPARATION BY THE CPA FIRM. THEY COMPARE IT TO AUDITED FINANCIALS, ANNUAL REPORTS, GENERAL LEDGER ACCOUNTS, DETAILS FROM THE PREPARATION PACKAGE, AND PRIOR YEAR FILINGS. BOARD MEMBERS RECEIVE A COPY PRIOR TO FILING. STAFF FURTHER REVIEWS THE FORM WITH THE BOARD WHEN REQUESTED AND IS AVAILABLE FOR QUESTIONS. THE DIRECTOR OF FINANCE PROVIDES A FINAL REVIEW PRIOR TO SIGNING AND AUTHORIZING THE CPA FIRM TO FILE IT ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUIRING QUARTERLY REVIEW OF ALL RELATED PARTY TRANSACTIONS BY THE BOARD FINANCE COMMITTEE PER BOARD POLICIES #723 AND #104. THE GENERAL MANAGER OBTAINS DISCLOSURES FROM AFFECTED EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15: THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S GENERAL MANAGER INCLUDES REVIEW AND APPROVAL BY THE BOARD, COMPLETE WITH EXTERNAL REVIEW OF THE COMPENSATION PROCESS BY AN INDEPENDENT CONSULTANT. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION IS IN ACCORDANCE WITH COMPANY POLICIES. NON-BARGAINING WAGE AND SALARY RATES ARE DETERMINED BY ANNUAL PERFORMANCE APPRAISALS AND A REVIEW OF NATIONAL COMPARABILITY DATA PROVIDED BY NATIONAL RURAL ELECTRIC COOPERATIVES ASSOCIATION (NRECA) COMPENSATION PROGRAM. THE COMPENSATION PLAN IS UPDATED ANNUALLY USING AN INDEPENDENT ASSOCIATION TO ENSURE THAT THE COMPENSATION MID-POINT REMAINS CONSISTENT WITH THE MARKET VALUE WHICH IS DETERMINED BY THE NATIONAL SALARY SURVEY. ALL OTHER EMPLOYEES ARE COMPENSATED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS WITH THEIR RESPECTIVE UNIONS. THE HUMAN RESOURCE DEPARTEMENT REGULARLY CONDUCTS COMPREHENSIVE RE-EVALUATION OF POSITIONS ON THE MATRIX AND WRITTEN DOCUMENTATION IS MAINTAINED IN CONFIDENTIAL PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON THEIR WEBSITE. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CAPITAL CREDITS RETIRED (1,754,057) DONATED CAPITAL INCREASE 460,150 MEMBERSHIP DECREASE (1,985) TOTAL (1,295,892) ALASKA ELECTRIC AND ENERGY COOPERAT 3977 LAKE STREET HOMER AK 99603 920177236 ELECTRICAL AK 501(C)(12) N/A HEA true false false false false false false false false false false false false true true true true false false ALASKA ELECTRIC AND ENERGY COOP Q 8575412 CASH PAYMENTS ALASKA ELECTRIC AND ENERGY COOP P 63718327 CASH PAYMENTS