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Organizations Golden Valley Electric Association Inc

Golden Valley Electric Association Inc

Fiscal year ending 2018. Filed on November 15, 2019.

758 Illinois St
Fairbanks, Alaska 99707

Golden Valley Electric Association Inc (EIN: 92-0014712) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Golden Valley Electric Association Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 323 total employees. Among the employees shown here, the average compensation is $354,206. The highest compensated employee at Golden Valley Electric Association Inc is Cory Borgeson with fiscal year 2018 compensation of $606,298.

Revenue, expenses, and employee compensation

Revenue

$251,998,224

Expenses

$250,014,827

Employee compensation

$37,021,873
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Cory Borgeson
President and Chief Executive Officer
$606,298
$444,773 No related comp$161,525
Brian Youngberg
Vice President, Member Services
$495,417
$237,634 No related comp$257,783
John Burns
Vice President and General Counsel
$413,234
$284,614 No related comp$128,620
Gary Betsill
Vice President, Operations
$406,783
$303,478 No related comp$103,305
Ronald Woolf
Vice President and Chief Financial Officer
$380,325
$252,213 No related comp$128,112
Paul Morgan
Gas Turbine Plant Manager
$335,451
$197,860 No related comp$137,591
Leo Quiachon
Vice President Engineering Services
$313,108
$259,825 No related comp$53,283
Daniel Bishop
Mgr Engineering Services
$291,111
$183,285 No related comp$107,826
Peter Sarauer
Power Systems Manager
$237,017
$204,166 No related comp$32,851
Richard Piech
Operations Manager
$218,932
$181,139 No related comp$37,793
Ian Olesen
Lineman
$198,589
$175,568 No related comp$23,021

Benchmark Employee Compensation

Non-Employee Board Members

William Nordmark
Treasurer
$31,010
$31,010 No related compNo other comp
Rick Schikora
Chair
$30,150
$30,150 No related compNo other comp
Tom Delong
Vice Chair
$25,939
$25,939 No related compNo other comp
John Sloan
Secretary
$25,900
$25,900 No related compNo other comp
Gary Newman
Director
$20,178
$20,178 No related compNo other comp
David Messier
Director
$18,154
$18,154 No related compNo other comp
Chris Bunch
Director
$12,726
$12,726 No related compNo other comp

Contractors

Millpro LLC
Technical Consulting
$8,353,428
Itron Networked Solutions Inc.
Meter Installation
$5,939,634
Bluewater Energy Solutions Inc.
Contract
$4,424,766
Fullford Electric Inc.
Construct Contract
$2,852,605
Tribus Services
Project Management
$1,821,592

Mission Statement

SEE SCHEDULE O

Revisions to this organization profile

November 18, 2025:
2024 Golden Valley Electric Association Inc 990 filed
November 15, 2024:
2023 Golden Valley Electric Association Inc 990 filed
November 15, 2023:
2022 Golden Valley Electric Association Inc 990 filed

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