PENINSULA LIGHT COMPANY (EIN 910361270) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

JAFAR TAGHAVI

Phone

2538575950

Tax Period

2023-01-01 to 2023-12-31

PENINSULA LIGHT COMPANY, founded in 1925, is a mid-sized nonprofit that reported $66.2M in total revenue in fiscal year 2023. Expenses of $58.9M left a modest 11% surplus.

Mission

TO PROVIDE ELECTRICITY AND WATER TO MEMBERS AND OPERATING THE COMPANY IN A MANNER CONSISTENT WITH THE PURPOSE OF THE MUTUAL CORPORATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,293,574

Investment Income $2,337,432

Other Revenue $554,121

TOTAL REVENUE $66,185,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,951,451

Fundraising Expenses $0

Other Expenses $48,947,155

TOTAL EXPENSES $58,898,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,185,127	$66,134,735	+0.0%
Expenses	$58,898,606	$60,294,937	0.0%
Net Income	$7,286,521	$5,839,798	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,224,227

Total Directors

$296,900

Key Employees

$259,251

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT JUNGE	PRESIDENT	6.00	Officer Director	$36,750	$0	$36,750
L PAUL ALVESTAD	DIRECTOR	20.00	Director	$36,500	$0	$36,500
SIGNO UDDENBERG	DIRECTOR	6.00	Director	$36,050	$0	$36,050
DEBRA ROSS	VICE PRESIDENT	6.00	Officer Director	$35,500	$0	$35,500
ERIN GATHERUM	DIRECTOR	4.61	Director	$31,450	$0	$31,450
MARC JORGENSON	TREASURER	6.00	Officer Director	$31,250	$0	$31,250
JIM SMALLEY	SECRETARY	5.00	Officer Director	$31,050	$0	$31,050
NICK MARKOVICH	DIRECTOR	5.00	Director	$30,550	$0	$30,550
ROGER SPADONI	DIRECTOR	6.50	Director	$27,800	$0	$27,800
JAFAR TAGHAVI	CEO	40.00	Officer	$757,803	$51,720	$809,523
DANA HANCOCK	CBO	40.00	Officer	$180,569	$99,585	$280,154
AMY GRICE	COO	40.00	Key Emp	$188,761	$70,490	$259,251
ANDY SORENSEN	WORKING FOREMAN	40.00	Highest	$260,538	$49,601	$310,139
RICKY SCHROEDER	WIRE FOREMAN	40.00	Highest	$195,887	$108,592	$304,479
BRIAN WAHTO	JOURNEYMAN LINEMAN	40.00	Highest	$229,258	$69,438	$298,696
JASON EDLUND	JOURNEYMAN LINEMAN	40.00	Highest	$209,411	$46,654	$256,065
RICHARD HART	JOURNEYMAN LINEMAN	40.00	Highest	$192,621	$24,950	$217,571

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$66,185,127	$58,898,606	$211,233,014	$7,286,521
2022	$66,134,735	$60,294,937	$209,146,749	$5,839,798
2021	$64,241,054	$57,230,914	$206,412,044	$7,010,140
2020	$63,945,566	$58,963,868	$203,553,467	$4,981,698
2019	$61,215,372	$55,564,388	$196,809,863	$5,650,984
2018	$59,592,041	$52,929,980	$188,121,353	$6,662,061

PENINSULA LIGHT COMPANY