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Filing year 2024

PENINSULA LIGHT COMPANY

Gig Harbor, Washington·EIN 91-0361270·501(c)(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 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$614k
$655k
Base
$435k
Bonus
$118k
Other
$11k
Benefits
$36k
Journeyman Lineman
Highest Compensated Employee
75th to 90th percentile
$352k
$375k
Base
$277k
Bonus
Other
$801
Benefits
$34k
Working Foreman
Highest Compensated Employee
75th to 90th percentile
$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
75th to 90th percentile
$320k
$342k
Base
$274k
Bonus
Other
Benefits
$34k
Working Foreman
Highest Compensated Employee
75th to 90th percentile
$291k
$311k
Base
$224k
Bonus
Other
$266
Benefits
$35k
COO
75th to 90th percentile
$270k
$288k
Base
$197k
Bonus
Other
$107
Benefits
$35k
Journeyman Lineman
Highest Compensated Employee
75th to 90th percentile
$260k
$277k
Base
$241k
Bonus
Other
Benefits
$19k
President
10th to 25th percentile
$35k
$37k
Director
Board Member
Median to 75th percentile
$33k
$36k
Vice President
25th percentile to median
$32k
$34k
Secretary
Officer (Unspecified)
$32k
$34k
Treasurer
Officer (Unspecified)
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 24% from 2023 to 2024, while revenue rose 3%.

$810k in 2023 to $614k in 2024.
  • Highest Compensated Employee pay rose 13% from 2023 to 2024.
  • Chief Operating Officer pay rose 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about PENINSULA LIGHT COMPANY

What does the Chief Executive Officer of PENINSULA LIGHT COMPANY earn?

In 2024, the Chief Executive Officer of PENINSULA LIGHT COMPANY received $613,775 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at PENINSULA LIGHT COMPANY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at PENINSULA LIGHT COMPANY falls in the top 10%.

What are PENINSULA LIGHT COMPANY's revenue and expenses?

In 2024, PENINSULA LIGHT COMPANY reported $68M in total revenue and $62.4M in total expenses on its IRS Form 990.

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