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GOLDEN VALLEY ELECTRIC ASSN INC
GOLDEN VALLEY ELECTRIC ASSN INC
AK · EIN 920014712
83
Executives Disclosed
$309.7M
Annual Revenue
$764.3M
Total Assets
2.3:1
Internal Pay Ratio
GOLDEN VALLEY ELECTRIC ASSN INC has 83 executives with disclosed compensation. The highest-paid executive, Cory Borgeson (President & CEO), received peak total compensation of $648,790.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Cory Borgeson | President & CEO | $649K | $649K | 2017–2019 | 8.7x |
| Cory R Borgeson | President & CEO - Terminated | $553K | $181K | 2016–2020 | 7.4x |
| John J Burns | President & CEO | $539K | $539K | 2023–2023 | 7.2x |
| John Burns | President & CEO: Jan-June 2024 | $528K | $381K | 2017–2024 | 7x |
| Brian Youngberg | VP Member Services (Former) | $495K | $267K | 2017–2019 | 6.6x |
| Gary Betsill | VP Operations | $444K | $444K | 2017–2019 | 5.9x |
| Ronald Woolf | VP Finance & CFO | $435K | $435K | 2017–2019 | 5.8x |
| Ronald E Woolf | CFO | $423K | $365K | 2016–2021 | 5.6x |
| Leo Quiachon | VP Engineering Services | $416K | $416K | 2018–2019 | 5.5x |
| Monica Grassi | VP Member Services - Terminate | $370K | $370K | 2019–2020 | 4.9x |
| Travis Million | President & CEO: June-Dec 2024 | $367K | $367K | 2024–2024 | 4.9x |
| Sarah Rixie | CFO | $362K | $362K | 2024–2024 | 4.8x |
| Daniel Bishop | Director of Engineering SVCS. | $359K | $296K | 2016–2024 | 4.8x |
| Frank Perkins | VP Operations | $357K | $357K | 2020–2021 | 4.8x |
| Peter Sarauer | Power Systems Manager | $347K | $306K | 2018–2022 | 4.6x |
| Lynn Thompson | VP Power Supply | $346K | $346K | 2017–2017 | 4.6x |
| Sarah J Rixie | CFO | $338K | $338K | 2022–2023 | 4.5x |
| Paul Morgan | Gas Turbine Plant Manager | $335K | $335K | 2017–2018 | 4.5x |
| Lynn N Thompson | VP Power Supply | $329K | $329K | 2016–2016 | 4.4x |
| Christopher Forrest | Director of Power Supply | $327K | $327K | 2022–2024 | 4.4x |
| Pete Sarauer | Power Systems Manager | $326K | $294K | 2017–2021 | 4.3x |
| Brian L Youngberg | VP Member Services | $319K | $319K | 2016–2016 | 4.2x |
| John H Kelly | Gas Turbine Plant Manager | $315K | $315K | 2020–2023 | 4.2x |
| Abbigail Dillard | Director of Member Services | $313K | $313K | 2022–2024 | 4.2x |
| Reagan Russell | Director of Human Resources | $311K | $311K | 2022–2024 | 4.1x |
| John Kelly | Gas Turbine Plant Manager | $307K | $307K | 2019–2024 | 4.1x |
| Gary P Betsill | VP Operations - Terminated | $305K | $305K | 2020–2020 | 4.1x |
| Richard Piech | Operations Manager | $303K | $303K | 2017–2019 | 4x |
| Christopher M Forrest | Director of Power Supply | $301K | $301K | 2023–2023 | 4x |
| Richard J Piech | Operations Manager | $297K | $297K | 2016–2020 | 4x |
| Leo I Quiachon | VP Engineering Services - Term | $292K | $292K | 2020–2020 | 3.9x |
| Richard Lusby | Healy Plant Manager | $291K | $270K | 2019–2021 | 3.9x |
| Ian Olesen | Lineman Journeyman | $290K | $288K | 2018–2024 | 3.9x |
| Benjamin Porter | Lineman Journeyman | $289K | $289K | 2022–2024 | 3.9x |
| Richard A Lusby | Healy Plant Manager | $288K | $288K | 2023–2023 | 3.8x |
| Daniel R Bishop | Director of Engineering Svcs. | $287K | $287K | 2023–2023 | 3.8x |
| Reagan M Russell | Director of HR | $285K | $285K | 2023–2023 | 3.8x |
| Jared Carter | E & I Foreman | $285K | $285K | 2024–2024 | 3.8x |
| Abbigail M Dillard | Director of Member Services | $283K | $283K | 2023–2023 | 3.8x |
| Nathaniel Minnema | Director of Operations | $280K | $280K | 2022–2024 | 3.7x |
| Marc Dugas | Lineman Journeyman | $280K | $280K | 2022–2022 | 3.7x |
| Joseph Waggoner | Lineman Journeyman | $280K | $280K | 2022–2022 | 3.7x |
| James Gappert | Lineman Journeyman | $279K | $279K | 2024–2024 | 3.7x |
| Nathaniel J Minnema Former | Manager of Engineering Service | $276K | $276K | 2023–2023 | 3.7x |
| Jared B Carter | E & I Foreman | $272K | $272K | 2023–2023 | 3.6x |
| Naomi Morton Knight | Environmental Officer | $271K | $271K | 2021–2024 | 3.6x |
| David H Brown | Assistant Healy Plant Manager | $263K | $263K | 2021–2021 | 3.5x |
| Benjamin H Porter | Lineman Journeyman | $262K | $262K | 2023–2023 | 3.5x |
| Joshua Davis | Operations Director | $255K | $244K | 2020–2021 | 3.4x |
| Shannon Telling | Director of Information Tech. | $253K | $253K | 2022–2024 | 3.4x |
| Naomi J Morton Knight Former | Environmental Officer | $248K | $248K | 2023–2023 | 3.3x |
| Paul C Morgan | Gas Turbine Plant Manager | $247K | $247K | 2016–2016 | 3.3x |
| Naomi Morton Knight - Former | Environmental Officer | $244K | $244K | 2022–2022 | 3.3x |
| Ian P Olesen | Lineman Journeyman | $236K | $236K | 2016–2023 | 3.1x |
| Nathan Minnema | Director of Engineering | $232K | $232K | 2020–2020 | 3.1x |
| Shannon C Telling | Director of Info. Technology | $228K | $228K | 2023–2023 | 3x |
| William Kirkenir | VP Strat. Dev. - Terminated | $206K | $206K | 2020–2020 | 2.7x |
| Joshua Davis - Terminated | Director of Operations | $203K | $203K | 2022–2022 | 2.7x |
| Frank Perkins - Terminated | VP of Power Supply | $202K | $202K | 2022–2022 | 2.7x |
| Ian A Wiedmaier | Lineman Job Foreman | $193K | $193K | 2016–2016 | 2.6x |
| Sheila Swanguarin | Accounting Manager | $191K | $191K | 2017–2017 | 2.6x |
| Michael J Wright | VP Transmission & Distribution | $143K | $143K | 2016–2016 | 1.9x |
| Ronald E Woolf - Terminated | CFO | $67K | $0 | 2022–2022 | 0.9x |
| William Nordmark | Treasurer | $40K | $0 | 2016–2019 | 0.5x |
| Rick Schikora | Director - Terminated | $32K | $0 | 2016–2020 | 0.4x |
| Gary Newman | Vice Chairman | $30K | $0 | 2016–2019 | 0.4x |
| Gary C Newman | Secretary | $29K | $0 | 2020–2024 | 0.4x |
| John Sloan | Secretary | $28K | $0 | 2016–2019 | 0.4x |
| Tom Delong | Chairman | $27K | $0 | 2016–2020 | 0.4x |
| Thomas P Delong | Chairman | $25K | $0 | 2021–2024 | 0.3x |
| Aren Gunderson | Treasurer | $24K | $0 | 2016–2017 | 0.3x |
| Richard J Solie Jr | Director | $24K | $0 | 2020–2024 | 0.3x |
| John K Sloan | Vice Chairman | $22K | $0 | 2020–2022 | 0.3x |
| David Pelunis-Messier | Treasurer | $21K | $0 | 2020–2024 | 0.3x |
| Chris Bunch | Director | $20K | $0 | 2016–2019 | 0.3x |
| Frederick W Sheen | Director | $19K | $0 | 2023–2024 | 0.3x |
| David Messier | Director | $18K | $0 | 2017–2019 | 0.2x |
| Todd M Adams | Director | $18K | $0 | 2021–2024 | 0.2x |
| Christopher M Bunch | Vice Chairman | $17K | $0 | 2020–2024 | 0.2x |
| William D Nordmark | Director - Terminated | $14K | $0 | 2020–2020 | 0.2x |
| Krista M Zappone | Director | $12K | $0 | 2024–2024 | 0.2x |
| Bradley Jay Benson | Director | $10K | $0 | 2020–2021 | 0.1x |
| Fredrick W Sheen | Director | $8K | $0 | 2022–2022 | 0.1x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 17 | $281K | $553K | $2.8M |
| 2017 | 19 | $281K | $444K | $3.1M |
| 2018 | 18 | $354K | $606K | $3.9M |
| 2019 | 19 | $381K | $649K | $4.6M |
| 2020 | 24 | $307K | $464K | $4.6M |
| 2021 | 18 | $307K | $493K | $3.1M |
| 2022 | 25 | $274K | $528K | $4.4M |
| 2023 | 21 | $297K | $539K | $4.2M |
| 2024 | 23 | $307K | $381K | $4.6M |
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