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Filing year 2024

PENINSULA LIGHT COMPANY

Gig Harbor, Washington·EIN 91-0361270·12
Total revenue
$68M
Total assets
$215.6M
Total expenses
$62.4M
Reported officers
17
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 PURPOSE OF THE MUTUAL CORPORATION.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

Base
$435k
Bonus
$118k
Other
$11k
Benefits
$36k
Journeyman Lineman
highest compensated employee
$352k
$375k
Base
$277k
Bonus
Other
$801
Benefits
$34k
Working Foreman
highest compensated employee
$335k
$357k
Base
$293k
Bonus
Other
$301
Benefits
$2k
Cbo
officer (unspecified)
$332k
$354k
Base
$199k
Bonus
Other
$1k
Benefits
$35k
Journeyman Lineman
highest compensated employee
$320k
$342k
Base
$274k
Bonus
Other
Benefits
$34k
Working Foreman
highest compensated employee
$291k
$311k
Base
$224k
Bonus
Other
$266
Benefits
$35k
Base
$197k
Bonus
Other
$107
Benefits
$35k
Journeyman Lineman
highest compensated employee
$260k
$277k
Base
$241k
Bonus
Other
Benefits
$19k
$35k
$37k
Director
board member
$33k
$36k
Vice President
vice president
$32k
$34k
Secretary
officer (unspecified)
$32k
$34k
Treasurer
officer (unspecified)
$31k
$33k
Director
board member
$31k
$33k
Director
board member
$31k
$33k
Director
board member
$31k
$33k
Director
board member
$27k
$29k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Seattle-Tacoma-Bellevue, WA metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Down 24%
from 2023

From $810k in 2023 to $614k in 2024.

$810k
2023
$614k
2024
In today's dollarsEst.
Down 27% in real terms$896k to $655k

Estimated with Seattle-Tacoma-Bellevue, WA metro-area CPI-U, restating filed pay into April 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

PENINSULA LIGHT COMPANY reported revenue and expenses across 2 filing years.

RevenueExpenses
$66.2M
$58.9M
2023
$68M
$62.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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