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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Modern Electric Water Company

Modern Electric Water Company

Fiscal year ending 2024. Filed on August 15, 2025.

PO Box 14008
Spokane, Washington 99214

Modern Electric Water Company (EIN: 91-0323430) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Modern Electric Water Company, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 37 total employees. Among the employees shown here, the average compensation is $183,426. The highest compensated employee at Modern Electric Water Company is Joe Morgan with fiscal year 2024 compensation of $366,265.

Revenue, expenses, and employee compensation

Revenue

$22,397,520

Expenses

$19,325,289

Employee compensation

$3,421,962
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joe Morgan
Chief Executive Officer
$366,265
$311,700 No related comp$54,565
John McFeely
Engineering Manager
$199,425
$171,462 No related comp$27,963
Ward Frederickson
LINE CREW Foreman
$184,083
$152,160 No related comp$31,923
Yelena Lazanis
Chief Financial Officer
$162,296
$149,706 No related comp$12,590
Robert McDaniel
Journeyman Lineman
$153,964
$143,832 No related comp$10,132
Eric Gustafson
Journeyman Lineman
$146,537
$136,368 No related comp$10,169
Lance Yoppini
Equipment Operator/Installer
$133,786
$108,937 No related comp$24,849
Zachary Walker
Journeyman Lineman
$121,055
$118,162 No related comp$2,893

Benchmark Employee Compensation

Non-Employee Board Members

Scott Hislop
Director
$13,100
$13,100 No related compNo other comp
Dave Thompson
President
$11,800
$11,800 No related compNo other comp
Chuck Taes
Director
$11,300
$11,300 No related compNo other comp
Sam Waldron
Secretary and Treasurer
$9,700
$9,700 No related compNo other comp
Barry Baker
Vice President
$8,900
$8,900 No related compNo other comp

Contractors

Meridian
Information System Software
$113,298
Asplundh Tree Expert CO Inc.
Tree Trimming
$106,942

Mission Statement

MODERN ELECTRIC WATER COMPANY, A CUSTOMER-OWNED UTILITY, STRIVES TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE ELECTRIC AND WATER SERVICES AS WELL AS ENHANCE AND ENRICH THE LIVES OF THE COMMUNITY WE SERVE.

Revisions to this organization profile

August 15, 2025:
2024 Modern Electric Water Company 990 filed
August 15, 2024:
2023 Modern Electric Water Company 990 filed
March 3, 2023:
2022 Modern Electric Water Company 990 filed

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