Civic Intelligence

Peninsula Light Company

990 • Fiscal year 2017 • EIN 91-0361270

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 10, 2018

13315 Goodnough Dr NWGig Harbor, WA 98332

(253) 857-5950

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.25x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.77x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

95th percentile

16%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$517,293

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

63rd percentile

3.9%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

7.7%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$183,170,940

Up $6,887,025 (+3.9%) from 2016

Net Assets

Up

$136,968,534

Up $9,626,924 (+7.6%) from 2016

Liabilities

Down

$46,202,406

Down $2,739,899 (-5.6%) from 2016

Revenue

Up

$60,005,259

Up $4,269,494 (+7.7%) from 2016

Expenses

Up

$50,415,230

Up $1,189,623 (+2.4%) from 2016

Net Income

Up

$9,590,029

Up $3,079,871 (+47%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $146,681,316Liabilities 2010: $69,460,751Net Assets 2010: $77,220,5652010Assets 2011: $153,777,898Liabilities 2011: $65,638,340Net Assets 2011: $88,139,5582011Assets 2012: $156,789,939Liabilities 2012: $59,571,021Net Assets 2012: $97,218,9182012Assets 2013: $164,984,865Liabilities 2013: $58,442,765Net Assets 2013: $106,542,1002013Assets 2014: $165,931,997Liabilities 2014: $54,716,992Net Assets 2014: $111,215,0052014Assets 2015: $172,478,953Liabilities 2015: $51,709,254Net Assets 2015: $120,769,6992015Assets 2016: $176,283,915Liabilities 2016: $48,942,305Net Assets 2016: $127,341,6102016Assets 2017: $183,170,940Liabilities 2017: $46,202,406Net Assets 2017: $136,968,5342017Assets 2018: $188,121,353Liabilities 2018: $44,450,282Net Assets 2018: $143,671,0712018Assets 2019: $196,809,863Liabilities 2019: $47,435,863Net Assets 2019: $149,374,0002019Assets 2020: $203,553,467Liabilities 2020: $45,072,795Net Assets 2020: $158,480,6722020Assets 2021: $206,412,044Liabilities 2021: $42,015,939Net Assets 2021: $164,396,1052021Assets 2022: $209,146,749Liabilities 2022: $38,889,309Net Assets 2022: $170,257,4402022Assets 2023: $211,233,014Liabilities 2023: $34,750,753Net Assets 2023: $176,482,2612023Assets 2024: $215,605,848Liabilities 2024: $34,661,054Net Assets 2024: $180,944,7942024

Highlighted filing

2017

Assets$183,170,940
Liabilities$46,202,406
Net Assets$136,968,534

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $42,472,8812010Expenses 2011: $40,344,4262011Expenses 2012: $44,765,6922012Revenue 2013: $53,391,315Expenses 2013: $44,120,263Net Income 2013: $9,271,0522013Revenue 2014: $52,400,959Expenses 2014: $47,788,529Net Income 2014: $4,612,4302014Revenue 2015: $55,650,996Expenses 2015: $46,187,877Net Income 2015: $9,463,1192015Revenue 2016: $55,735,765Expenses 2016: $49,225,607Net Income 2016: $6,510,1582016Revenue 2017: $60,005,259Expenses 2017: $50,415,230Net Income 2017: $9,590,0292017Revenue 2018: $59,592,041Expenses 2018: $52,929,980Net Income 2018: $6,662,0612018Revenue 2019: $61,215,372Expenses 2019: $55,564,388Net Income 2019: $5,650,9842019Revenue 2020: $63,945,566Expenses 2020: $58,963,868Net Income 2020: $4,981,6982020Revenue 2021: $64,241,054Expenses 2021: $57,230,914Net Income 2021: $7,010,1402021Revenue 2022: $66,134,735Expenses 2022: $60,294,937Net Income 2022: $5,839,7982022Revenue 2023: $66,185,127Expenses 2023: $58,898,606Net Income 2023: $7,286,5212023Revenue 2024: $68,040,592Expenses 2024: $62,408,558Net Income 2024: $5,632,0342024

Highlighted filing

2017

Revenue$60,005,259
Expenses$50,415,230
Net Income$9,590,029
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 10, 2018
Return Version
2017v2.3
Gross Receipts
$60,011,568
Mission and Program Overview

Mission

All activities are the result of providing electricity and water to members and operating the company in a fiscally responsible manner consistent with the purposes of the mutual corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$123,257,161$132,847,190▲ $9,590,029
Land, Buildings, and Equipment, Net$116,499,533$119,000,415▲ $2,500,882
Investments Other Securities$43,080,179$44,520,467▲ $1,440,288
Accounts Receivable$8,997,390$9,050,246▲ $52,856
Cash and Non-Interest-Bearing Accounts$4,128,996$5,894,718▲ $1,765,722
Pd in Cap Srpls Land Bldg Eqp Fund$4,084,449$4,121,344▲ $36,895
Inventories for Sale or Use$1,814,312$1,242,761▼ $571,551
Savings and Temporary Cash Investments$187,610$1,207,708▲ $1,020,098
Prepaid Expenses and Deferred Charges$138,249$144,277▲ $6,028
Other Notes and Loans Receivable, Net$5,082--
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$176,283,915$183,170,940▲ $6,887,025
Other Assets Total$1,432,564$2,110,348▲ $677,784
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,712,590$39,300,085▼ $2,412,505
Accounts Payable and Accrued Expenses$6,802,658$6,415,921▼ $386,737
Deferred Revenue$427,057$486,400▲ $59,343
Total Liabilities$48,942,305$46,202,406▼ $2,739,899
Net Assets / Fund Balance
Total Net Assets Fund Balance$127,341,610$136,968,534▲ $9,626,924
Total Liabilities and Net Assets / Fund Balance$176,283,915$183,170,940▲ $6,887,025

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$104,678,177$65,503,254$170,181,431
Other Land Buildings$9,089,235-$9,089,235
Buildings$1,549,815$4,370,520$5,753,604
Land$3,683,188-$3,683,188
Leasehold Improvements$0$14,858$14,858
Other Securities$19,299,795--
Closely Held Equity Interests$22,209,516--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jafar TaghaviCEOFT$294,481$222,812$517,293
Michael McnellisOperations SuperintendentFT$137,656$98,966$236,622
Scott AndersonInformation Services ManagFT$106,265$125,175$231,440
Scott L BealWarehouse Supvr/ Purchasing AgentFT$99,393$91,546$190,939
Andrew HerreraOperations AssistantFT$103,574$80,295$183,869
John ShepherdCBOFT$92,979$8,357$101,336
Robert DraggooCFOFT$14,893$40,936$55,829
Signo UddenbergPresident-$28,700-$28,700
Debra RossDirector-$26,350-$26,350
Nick MarkovichDirector-$25,600-$25,600
Marc JorgensonTreasurer-$25,300-$25,300
Spence NordforsDirector-$24,700-$24,700
Scott JungeDirector-$24,300-$24,300
Jeffery BucholzSecretary-$22,950-$22,950
L Paul AlvestadVice President-$22,450-$22,450
Roger SpadoniDirector-$22,200-$22,200

Highest Paid Contractors

ContractorServicesLocationCompensation
Active Construction INCOperations Construction/maintenance5110 RIVER ROAD E, Tacoma, WA 98443$1,715,421
Potelco INCOperations Construction/maintenance14103 STEWARD RD, Sumner, WA 98390$882,931
Asplundh Tree Expert CoTree Triming/vegetation Management708 BLAIR MILL ROAD, Willow Grove, PA 19090$720,000
Rce Traffic Control INCFlagging Services2525 SE SEDGWICK RD, Port Orchard, WA 98366$452,550
Gardner Enterprises INCFleet Maintenance195 NE 2ND AVE, John Day, OR 97845$298,778
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,295,279
Investment Income
$247,831
Other Revenue
$462,149
Change in Net Assets
$9,590,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,820,107
Salaries, Compensation, and Employee Benefits$2,595,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$6,328,350
All Other Expenses---$4,210,986
Other Expenses---$2,875,518
Interest---$1,794,451
Current Officers, Directors, Trustees, and Key Employees---$1,133,630
Other Salaries and Wages---$585,551
Other Employee Benefits---$485,839
Pension Plan Contributions---$199,612
Payroll Taxes---$190,491
Insurance---$188,298
Fees for Services Legal---$155,367
Fees for Services Other---$149,201
Office Expenses---$147,775
Conferences and Meetings---$100,641
Information Technology---$65,481
Occupancy---$61,138
Advertising---$43,307
Total Functional Expenses$0$0$0$50,415,230
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

We are a mutual/cooperative where the recipients of our utility services are the owner/members

Form 990, Part VI, Section A, Line 7A

Members all the same class - receive utility service from company

Form 990, Part VI, Section A, Line 7B

The membership vote is needed for annual board elections and in another article pertaining to the disposition of assets.

Form 990, Part VI, Section A, Line 8B

There are no committees that have the authority to act on behalf of the governing body so the question is not applicable.

Form 990, Part VI, Section B, Line 11B

Copies of the 990 will be included in the board packets distributed prior to their monthly meeting. Any questions will be discussed and answered at the board meeting and discussion will be noted in the board minutes. Copies of the 990 will be distributed to senior staff and any questions will be discussed and answered at the senior staff meeting.

Form 990, Part VI, Section B, Line 12C

Human resource (hr) director monitors and administers the policy.

Form 990, Part VI, Section B, Line 15A

Ceo - an independent consultant was hired to conduct a market salary study for the ceo position - the hr director was assigned as project manager to work with the consultant and report directly to the president of the board and the chairman of the board goals/long-term planning committee. The ceo had no contact or interaction in any way with the consultant or hr director or board regarding this project. - the consultant reported his findings to the entire board of directors with the hr director present. A question and answer session followed where the consultant and hr director answered specific questions from the board about the comparability of data presented. - the hr director and consultant were excused and the entire board deliberated before reaching their decision as to wage placement for the ceo. - the following morning the chairman of the board goals/long-term planning committee informed the hr director of the compensation change and effective date for the ceo. - in a separate meeting, the board president and chairman of the goals/long-term committee informed the ceo. Officers (cfo, cbo, etc.) - an independent consultant was hired to conduct a market salary for all exempt management positions - the consultant reported his findings to the hr director; they discussed the data comparables and substantiation behind it. - the hr director presented this information to the ceo and discussed it. - an internal equity compensation committee was formed consisting of a manager from each division of the company. Training was provided by the consultant. This committee provided independent recommendations as to position placement in a salary schedule. - the hr director and ceo discussed the committee and the consultant recommendations and the financial ability of the company to support the data.

Form 990, Part VI, Section C, Line 19

These documents are available upon written request at the company's main office.

Filing and Contact Details

Filer

Filer Name
Peninsula Light Company
EIN
91-0361270
Phone
2538575950
Address
13315 GOODNOUGH DR NW, GIG HARBOR, WA 98332

Signing Officer

Name
Jafar Taghavi
Title
CEO
Phone
2538575950
Signed
2018-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jafar Taghavi
Formed
1925
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
97
Volunteers
0

Preparer

Firm
PETERSON SULLIVAN LLP CPA'S
Address
601 UNION ST STE 2300, SEATTLE, WA 98101-2345
Preparer
Ray Holmdahl
Phone
2063827777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net increase in memberships 36,895.

Form 990, Part IX, Lines 5 & 7

The amounts for compensation in the statement of functional expenses do not include all wages for peninsula light company. The amounts on lines 5 & 7 are only for wages pertaining to general and administrative employees. All other wages are integrated throughout other expenses, such as power expense, distribution, etc.

Financial Statement Notes

PART X, LINE 2:

Plc is exempt from federal income tax under the internal revenue code section 501(c)(12). Accordingly, no provision for income tax is required. Plc energy, a for-profit entity, accounts for federal income tax using an asset and liability approach, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax basis of assets and liabilities at the applicable enacted tax rates. A valuation allowance is recorded against deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of its deferred tax assets will not be realized. Plc energy reports a liability, if any, for unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties, if any, are recorded as a component of interest expense and other expense, respectively. No liability has been recorded for uncertain tax positions, or related interest or penalties as of december 31, 2017 or 2016.

Raw XML AppendixShowing 400 of 663 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1386384
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1461107
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1586397
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFERY BUCHOLZ
IRS990/Form990PartVIISectionAGrp/PersonNm1L PAUL ALVESTAD
IRS990/Form990PartVIISectionAGrp/PersonNm2MARC JORGENSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBRA ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm4NICK MARKOVICH
IRS990/Form990PartVIISectionAGrp/PersonNm5ROGER SPADONI
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT JUNGE
IRS990/Form990PartVIISectionAGrp/PersonNm7SIGNO UDDENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm8SPENCE NORDFORS
IRS990/Form990PartVIISectionAGrp/PersonNm9JAFAR TAGHAVI
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT DRAGGOO
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN SHEPHERD
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL MCNELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm13SCOTT ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm14ANDREW HERRERA
IRS990/Form990PartVIISectionAGrp/PersonNm15SCOTT L BEAL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt022950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt122450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt225300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt326350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt425600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt522200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt624300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt728700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt824700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9347955
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1014893
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1192979
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12150946
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13145056
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14122762
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15104542
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CBO
IRS990/Form990PartVIISectionAGrp/TitleTxt12OPERATIONS SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13INFORMATION SERVICES MANAG
IRS990/Form990PartVIISectionAGrp/TitleTxt14OPERATIONS ASSISTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt15WAREHOUSE SUPVR/ PURCHASING AGENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01925
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt045016
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt045016
IRS990/GrossReceiptsAmt060011568
IRS990/GrossRentsGrp/PersonalAmt0433123
IRS990/GrossRentsGrp/RealAmt015055
IRS990/GrossSalesOfInventoryAmt03280
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt065481
IRS990/InsuranceGrp/TotalAmt0188298
IRS990/InterestGrp/TotalAmt01794451
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01814312
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01242761
IRS990/InvestmentIncomeGrp/ExclusionAmt0202815
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0202815
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt043080179
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt044520467
IRS990/IRPDocumentCnt046
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt069888632
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0116499533
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0119000415
IRS990/LandBldgEquipCostOrOtherBssAmt0188889047
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt03654
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt059562431
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ALL ACTIVITIES ARE THE RESULT OF PROVIDING ELECTRICITY AND WATER TO MEMBERS AND OPERATING THE COMPANY IN A FISCALLY RESPONSIBLE MANNER CONSISTENT WITH THE PURPOSES OF THE MUTUAL CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt041712590
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039300085
IRS990/NetAssetsOrFundBalancesBOYAmt0127341610
IRS990/NetAssetsOrFundBalancesEOYAmt0136968534
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt045016
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt045016
IRS990/NetIncomeOrLossGrp/ExclusionAmt0625
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0625
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0433123
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt011401
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0444524
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt061138
IRS990/OfficeExpensesGrp/TotalAmt0147775
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01432564
IRS990/OtherAssetsTotalGrp/EOYAmt02110348
IRS990/OtherChangesInNetAssetsAmt036895
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0485839
IRS990/OtherExpensesGrp/Desc0POWER EXPENSE
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt024639412
IRS990/OtherExpensesGrp/TotalAmt14024868
IRS990/OtherExpensesGrp/TotalAmt23035314
IRS990/OtherExpensesGrp/TotalAmt32875518
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM EQUITY METHOD INVESTE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017000
IRS990/OtherRevenueTotalAmt017000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0585551
IRS990/OtherSourcesGrossIncomeAmt0344355
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05082
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0190491
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04084449
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04121344
IRS990/PensionPlanContributionsGrp/TotalAmt0199612
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0138249
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0144277
IRS990/PrincipalOfficerNm0JAFAR TAGHAVI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY
IRS990/ProgramServiceRevenueGrp/Desc1WATER
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER SERVICE INC
IRS990/ProgramServiceRevenueGrp/Desc3HOOKUP/DISCONNECT/ENGINEERING FEE
IRS990/ProgramServiceRevenueGrp/Desc4BPA REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057071178
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11160150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2674296
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3271706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4102135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057071178
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11160150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2674296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3271706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4102135
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042889
IRS990/PYOtherExpensesAmt046790931
IRS990/PYOtherRevenueAmt0869938
IRS990/PYProgramServiceRevenueAmt054822938
IRS990/PYRevenuesLessExpensesAmt06510158
IRS990/PYSalariesCompEmpBnftPaidAmt02434676
IRS990/PYTotalExpensesAmt049225607
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt055735765
IRS990/ReconcilationRevenueExpnssAmt09590029
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/PersonalAmt0433123
IRS990/RentalIncomeOrLossGrp/RealAmt011401
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0123257161
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0132847190
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0187610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01207708
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01549815
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04370520
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0166731
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05753604
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt022209516
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104678177
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065503254
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170181431
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03683188
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03683188
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014858
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014858
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09089235
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09089235
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01383474
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11377901
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2249781
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt319299795
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CAPITAL TERM CERTIFICATES

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$216$34.7$181$68.0$62.4$5.63
2023Detailed filing. Detailed filing data is available for this year.$211$34.8$176$66.2$58.9$7.29
2022Detailed filing. Detailed filing data is available for this year.$209$38.9$170$66.1$60.3$5.84
2021Detailed filing. Detailed filing data is available for this year.$206$42.0$164$64.2$57.2$7.01
2020Detailed filing. Detailed filing data is available for this year.$204$45.1$158$63.9$59.0$4.98
2019Detailed filing. Detailed filing data is available for this year.$197$47.4$149$61.2$55.6$5.65
2018Detailed filing. Detailed filing data is available for this year.$188$44.5$144$59.6$52.9$6.66
2017Detailed filing. Detailed filing data is available for this year.$183$46.2$137$60.0$50.4$9.59
2016Detailed filing. Detailed filing data is available for this year.$176$48.9$127$55.7$49.2$6.51
2015Detailed filing. Detailed filing data is available for this year.$172$51.7$121$55.7$46.2$9.46
2014Detailed filing. Detailed filing data is available for this year.$166$54.7$111$52.4$47.8$4.61
2013Detailed filing. Detailed filing data is available for this year.$165$58.4$107$53.4$44.1$9.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$59.6$97.2$44.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$65.6$88.1$40.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$69.5$77.2$42.5