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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 Peninsula Light Company

Peninsula Light Company

Fiscal year ending 2023. Filed on November 15, 2024.

13315 Goodnough Dr NW
Gig Harbor, Washington 98332

Peninsula Light Company (EIN: 91-0361270) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Peninsula Light Company, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 89 total employees. Among the employees shown here, the average compensation is $341,985. The highest compensated employee at Peninsula Light Company is Jafar Taghavi with fiscal year 2023 compensation of $809,523.

Revenue, expenses, and employee compensation

Revenue

$66,185,127

Expenses

$58,898,606

Employee compensation

$9,951,451
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jafar Taghavi
Chief Executive Officer
$809,523
$757,803 No related comp$51,720
Andy Sorensen
Working Foreman
$310,139
$260,538 No related comp$49,601
Ricky Schroeder
WIRE Foreman
$304,479
$195,887 No related comp$108,592
Brian Wahto
Journeyman Lineman
$298,696
$229,258 No related comp$69,438
Dana Hancock
CBO
$280,154
$180,569 No related comp$99,585
Amy Grice
Chief Operating Officer
$259,251
$188,761 No related comp$70,490
Jason Edlund
Journeyman Lineman
$256,065
$209,411 No related comp$46,654
Richard Hart
Journeyman Lineman
$217,571
$192,621 No related comp$24,950

Benchmark Employee Compensation

Non-Employee Board Members

Scott Junge
President
$36,750
$36,750 No related compNo other comp
L Paul Alvestad
Director
$36,500
$36,500 No related compNo other comp
Signo Uddenberg
Director
$36,050
$36,050 No related compNo other comp
Debra Ross
Vice President
$35,500
$35,500 No related compNo other comp
Erin Gatherum
Director
$31,450
$31,450 No related compNo other comp
Marc Jorgenson
Treasurer
$31,250
$31,250 No related compNo other comp
Jim Smalley
Secretary
$31,050
$31,050 No related compNo other comp
Nick Markovich
Director
$30,550
$30,550 No related compNo other comp
Roger Spadoni
Director
$27,800
$27,800 No related compNo other comp

Contractors

Equipment Experts Inc.
Fleet Maintenance
$1,350,917
Asplundh Tree Expert
Tree Trimming/Vegetation Management
$971,486
Praece Consulting
Engineering Consulting
$701,632
Greenfield Services
Vaccum Truck
$517,966
Rce Traffic Control Inc.
Flagging
$462,092

Mission Statement

ALL ACTIVITIES ARE THE RESULT OF PROVIDING ELECTRICITY AND WATER TO MEMBERS AND OPERATING THE COMPANY IN A FISCALLY RESPONSIBLE MANNER CONSISTENT WITH THE PURPOSE OF THE MUTUAL CORPORATION.

Revisions to this organization profile

November 14, 2025:
2024 Peninsula Light Company 990 filed
November 15, 2024:
2023 Peninsula Light Company 990 filed
November 14, 2023:
2022 Peninsula Light Company 990 filed

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