NonprofitsModern Electric Water Company Inc

Modern Electric Water Company Inc

SPOKANE VLY, WA

Total revenue

$22.4M

Total expenses

$19.3M

Net assets

$78.2M

Grants received

EIN

910323430

Tax year

2023

Mission

To provide affordable electricity and water services to customer-owners on a mutual basis.

Programs

1 program

Providing water services to our customer-owners. There were 5,779 active services at year end.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$19.2M
Investment income$2.9M
Other revenue$261K
Total revenue$22.4M

Expenses

Grants paid$1.7M
Salaries & benefits$3.4M
Fundraising
Other expenses$14.2M
Total expenses$19.3M
Total assets$80.1M
Net assets$78.2M

People

13 listed

NameRoleCompensation

JOE MORGAN

CEO

Board

$312K

50 hrs/wk

YELENA LAZANIS

CFO

Board

$150K

50 hrs/wk

SCOTT HISLOP

DIRECTOR

Board

$13K

1.5 hrs/wk

DAVE THOMPSON

PRESIDENT

Board

$12K

2.5 hrs/wk

CHUCK TAES

DIRECTOR

Board

$11K

2.5 hrs/wk

SAM WALDRON

SECRETARY/TREASURER

Board

$10K

2 hrs/wk

BARRY BAKER

VICE PRESIDENT

Board

$9K

1.7 hrs/wk

JOHN MCFEELY

ENGINEERING MANAGER

Staff

$171K

42 hrs/wk

WARD FREDERICKSON

LINE CREW FOREMAN

Staff

$152K

43 hrs/wk

ROBERT MCDANIEL

JOURNEYMAN LINEMAN

Staff

$144K

43 hrs/wk

ERIC GUSTAFSON

JOURNEYMAN LINEMAN

Staff

$136K

41 hrs/wk

ZACHARY WALKER

JOURNEYMAN LINEMAN

Staff

$118K

42 hrs/wk

LANCE YOPPINI

EQUIPMENT OPERATOR/INSTALLER

Staff

$109K

42 hrs/wk

Independent contractors

MERIDIAN

INFORMATION SYSTEM SOFTWARE

$113K

ASPLUNDH TREE EXPERT LLC

TREE TRIMMING

$107K

Details

EIN910323430
Subsection12
Ruling date1921-08
Formed1905
Employees37
Volunteers0
MODERN ELECTRIC WATER COMPANY INC — Mission, Financials & Grants Received | Grantivo