NonprofitsPeninsula Light Company Inc

Peninsula Light Company Inc

GIG HARBOR, WA

Total revenue

$68.0M

Total expenses

$62.4M

Net assets

$180.9M

Grants received

EIN

910361270

Tax year

2024

Mission

To provide electricity and water to members and operating the company in a manner consistent with the purpose of the mutual corporation.

Programs

1 program

Sale and distribution of water to members on a mutual basis. There were 3,400 active water services at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$65.2M
Investment income$2.4M
Other revenue$489K
Total revenue$68.0M

Expenses

Grants paid
Salaries & benefits$10.8M
Fundraising
Other expenses$51.6M
Total expenses$62.4M
Total assets$215.6M
Net assets$180.9M

People

17 listed

NameRoleCompensation

JAFAR TAGHAVI

CEO

Board

$564K

40 hrs/wk

DANA HANCOCK

CBO

Board

$200K

40 hrs/wk

AMY GRICE

COO

Board

$197K

40 hrs/wk

SCOTT JUNGE

PRESIDENT

Board

$35K

6 hrs/wk

SIGNO UDDENBERG

DIRECTOR

Board

$33K

6 hrs/wk

DEBRA ROSS

VICE PRESIDENT

Board

$32K

6 hrs/wk

JIM SMALLEY

SECRETARY

Board

$32K

6 hrs/wk

MARC JORGENSON

TREASURER

Board

$31K

6 hrs/wk

L PAUL ALVESTAD

DIRECTOR

Board

$31K

20 hrs/wk

ROGER SPADONI

DIRECTOR

Board

$31K

6.8 hrs/wk

ERIN GATHERUM

DIRECTOR

Board

$31K

6 hrs/wk

NICK MARKOVICH

DIRECTOR

Board

$27K

3 hrs/wk

ANDY SORENSEN

WORKING FOREMAN

Staff

$293K

40 hrs/wk

BRIAN WAHTO

JOURNEYMAN LINEMAN

Staff

$278K

40 hrs/wk

JASON EDLUND

JOURNEYMAN LINEMAN

Staff

$274K

40 hrs/wk

RICHARD HART

JOURNEYMAN LINEMAN

Staff

$241K

40 hrs/wk

BRAIN CROSBY

WORKING FOREMAN

Staff

$225K

40 hrs/wk

Independent contractors

EQUIPMENT EXPERTS INC

FLEET MAINTENANCE

$1.1M

ASPLUNDH TREE EXPERT CO

TREE TRIMMING/VEGETATION MANAGEMENT

$1.0M

GREENFIELD SERVICES

VACCUM TRUCK SERVICES

$716K

PRAECE CONSULTING

ENGINEERING CONSULTING SERVICES

$708K

NISC

ERP SERVICES

$563K

Details

EIN910361270
Subsection12
Ruling date1927-04
Formed1925
Employees94
Volunteers0
PENINSULA LIGHT COMPANY INC — Mission, Financials & Grants Received | Grantivo