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Filing year 2023

MODERN ELECTRIC WATER COMPANY

Spokane, Washington·EIN 91-0323430·12
Total revenue
$22.4M
Total assets
$80.1M
Total expenses
$19.3M
Reported officers
13
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2023

Base
$307k
Bonus
Other
$5k
Benefits
$3k
Engineering Manager
key employee
$199k
$218k
Base
$171k
Bonus
Other
$796
Benefits
$4k
Line Crew Foreman
highest compensated employee
$184k
$202k
Base
$151k
Bonus
Other
$1k
Benefits
$4k
Base
$150k
Bonus
Other
$170
Benefits
$3k
Journeyman Lineman
highest compensated employee
$154k
$169k
Base
$144k
Bonus
Other
$202
Benefits
$4k
Journeyman Lineman
highest compensated employee
$147k
$160k
Equipment Operator/installer
highest compensated employee
$134k
$146k
Journeyman Lineman
highest compensated employee
$121k
$133k
Director
board member
$13k
$14k
$12k
$13k
Director
board member
$11k
$12k
Secretary/treasurer
officer (unspecified)
$10k
$11k
Vice President
vice president
$9k
$10k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 12%
from 2022

From $327k in 2022 to $366k in 2023.

$327k
2022
$366k
2023
In today's dollarsEst.
Up 7% in real terms$373k to $401k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MODERN ELECTRIC WATER COMPANY reported revenue and expenses across 2 filing years.

RevenueExpenses
$21.8M
$16.9M
2022
$22.4M
$19.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
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