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Organizations Golden Valley Electric Association Inc

Golden Valley Electric Association Inc

Fiscal year ending 2019. Filed on November 17, 2020.

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 2019 IRS Form 990 filing, Golden Valley Electric Association Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 12 out of 320 total employees. Among the employees shown here, the average compensation is $380,623. The highest compensated employee at Golden Valley Electric Association Inc is Cory Borgeson with fiscal year 2019 compensation of $648,790.

Revenue, expenses, and employee compensation

Revenue

$247,101,009

Expenses

$242,098,066

Employee compensation

$35,471,683
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Cory Borgeson
President and Chief Executive Officer
$648,790
$458,532 No related comp$190,258
John Burns
Vice President and General Counsel
$463,857
$296,953 No related comp$166,904
Gary Betsill
Vice President, Operations
$444,279
$293,799 No related comp$150,480
Ronald Woolf
Vice President and Chief Financial Officer
$434,901
$269,419 No related comp$165,482
Leo Quiachon
Vice President Engineering Services
$415,549
$272,422 No related comp$143,127
Daniel Bishop
Engineering Services Manager
$358,643
$195,722 No related comp$162,921
Peter Sarauer
Power Systems Manager
$346,842
$216,489 No related comp$130,353
Monica Grassi
Vice President, Member Services
$310,231
$192,955 No related comp$117,276
Richard Piech
Operations Manager
$302,541
$186,892 No related comp$115,649
John Kelly
Gas Turbine Plant Manager
$288,011
$189,306 No related comp$98,705
Richard Lusby
Healy Plant Manager
$286,610
$189,167 No related comp$97,443
Brian Youngberg
Vice President Member Services (Former)
$267,222
$150,906 No related comp$116,316

Benchmark Employee Compensation

Non-Employee Board Members

Rick Schikora
Director
$22,860
$22,860 No related compNo other comp
William Nordmark
Treasurer
$21,940
$21,940 No related compNo other comp
Tom Delong
Chair
$21,565
$21,565 No related compNo other comp
John Sloan
Secretary
$20,200
$20,200 No related compNo other comp
Gary Newman
Vice Chair
$19,028
$19,028 No related compNo other comp
Chris Bunch
Director
$14,876
$14,876 No related compNo other comp
David Messier
Director
$14,360
$14,360 No related compNo other comp

Contractors

Alaska Land Clearing Contractors LL
Land Clearing
$436,045
Energie Consulting Services
Project Management
$306,408
McDowell Rackner Gibson PC
Legal
$282,545
Millpro LLC
Technical Consulting
$281,927
Bdo USA LLP
Auditing and Tax
$234,177

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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