Nonprofit · EIN 91-0323430
MODERN ELECTRIC WATER COMPANY INC
Tax-exempt · SPOKANE VLY, WA 99214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $23,834,696 | $19,325,523 | $4,509,173 | $88,603,456 | $2,422,977 | $86,180,479 |
| September 30, 2024 | 990 | $22,397,520 | $19,325,289 | $3,072,231 | $80,149,153 | $1,906,103 | $78,243,050 |
| September 30, 2023 | 990 | $21,785,165 | $16,917,202 | $4,867,963 | $69,757,409 | $1,721,783 | $68,035,626 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,815,319
- Investment income
- $2,785,080
- Net rental income
- $76,339
- Net gain from sales of assets
- $1,408,506
- Other revenue
- $234,297
Expenses
- Grants and similar amounts paid
- $348,666
- Compensation of officers, directors and key employees
- $876,233
- Other salaries and wages
- $1,920,023
- Salaries, compensation and benefits (total)
- $3,630,993
- Professional fundraising fees
- $0
- Depreciation
- $1,953,980
Balance sheet and other
- Total assets, start of year
- $80,149,153
- Total assets, end of year
- $88,603,456
- Total liabilities, end of year
- $2,422,977
- Net assets, end of year
- $86,180,479
- Land, buildings and equipment
- $22,741,178
- Publicly traded securities
- $56,344,376
- Gross receipts
- $23,931,524
- Employees
- 38
- Volunteers
- 0
- Year formed
- 1905
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOE MORGAN | CEO Officer | 50 | $333,343 | $56,109 |
| JOHN MCFEELY | DIRECTOR OF ENGINEERING Key employee | 42 | $218,099 | $30,447 |
| WARD FREDERICKSON | LINE FOREMAN Highest-paid employee | 42 | $174,230 | $33,282 |
| YELENA LAZANIS | CFO Officer | 50 | $176,059 | $13,076 |
| ROBERT MCDANIEL | LINEMAN Highest-paid employee | 42 | $163,818 | $11,015 |
| JOSHUA MATHEWS | ELECTRIC SUPERINTENDENT Highest-paid employee | 46 | $154,001 | $11,360 |
| LANCE YOPPINI | EQUIPMENT OPERATOR/INSTALLER Highest-paid employee | 41 | $124,864 | $25,609 |
| ERIC HARRIS | ELECTRIC METER TESTER & ELECTRICIAN Highest-paid employee | 40 | $122,665 | $9,755 |
| CHARLES TAES | DIRECTOR Trustee or director | 3 | $12,150 | $0 |
| DAVE THOMPSON | PRESIDENT Trustee or director, Officer | 2.5 | $11,700 | $0 |
| BARRY BAKER | VICE PRESIDENT Trustee or director, Officer | 2 | $9,200 | $0 |
| SAM WALDRON | SECRETARY/TREASURER Trustee or director, Officer | 2 | $9,150 | $0 |
| SCOTT HISLOP | DIRECTOR Trustee or director | 1.5 | $6,900 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOE MORGAN | CEO Officer | 50 | $311,700 | $54,565 |
| JOHN MCFEELY | ENGINEERING MANAGER Key employee | 42 | $171,462 | $27,963 |
| WARD FREDERICKSON | LINE CREW FOREMAN Highest-paid employee | 43 | $152,160 | $31,923 |
| YELENA LAZANIS | CFO Officer | 50 | $149,706 | $12,590 |
| ROBERT MCDANIEL | JOURNEYMAN LINEMAN Highest-paid employee | 43 | $143,832 | $10,132 |
| ERIC GUSTAFSON | JOURNEYMAN LINEMAN Highest-paid employee | 41 | $136,368 | $10,169 |
| LANCE YOPPINI | EQUIPMENT OPERATOR/INSTALLER Highest-paid employee | 42 | $108,937 | $24,849 |
| ZACHARY WALKER | JOURNEYMAN LINEMAN Highest-paid employee | 42 | $118,162 | $2,893 |
| SCOTT HISLOP | DIRECTOR Trustee or director | 1.5 | $13,100 | $0 |
| DAVE THOMPSON | PRESIDENT Trustee or director, Officer | 2.5 | $11,800 | $0 |
| CHUCK TAES | DIRECTOR Trustee or director | 2.5 | $11,300 | $0 |
| SAM WALDRON | SECRETARY/TREASURER Trustee or director, Officer | 2 | $9,700 | $0 |
| BARRY BAKER | VICE PRESIDENT Trustee or director, Officer | 1.7 | $8,900 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOE MORGAN | GENERAL MANAGER Officer | 50 | $285,483 | $41,382 |
| JOHN MCFEELY | ENGINEERING MANAGER Key employee | 42 | $158,276 | $21,540 |
| DARLENE ALBI | CUSTOMER SERVICE MANAGER Highest-paid employee | 40 | $147,196 | $15,939 |
| GUSTAV LARAMIE | ELECTRIC SUPERINTENDENT Highest-paid employee | 40 | $145,543 | $16,166 |
| WARD FREDERICKSON | LINE CREW FOREMAN Highest-paid employee | 41 | $124,726 | $22,342 |
| PATRICK DETLAFF | LINE CREW FOREMAN Highest-paid employee | 43 | $142,988 | $2,455 |
| YELENA LAZANIS | CFO Officer | 50 | $129,394 | $10,725 |
| ROBERT MCDANIEL | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $109,089 | $9,187 |
| DAVE THOMPSON | PRESIDENT Trustee or director, Officer | 4 | $10,350 | $0 |
| CHUCK TAES | DIRECTOR Trustee or director | 2.5 | $8,000 | $0 |
| BARRY BAKER | VICE PRESIDENT Trustee or director, Officer | 1.7 | $7,600 | $0 |
| SAM WALDRON | SECRETARY/TREASURER Trustee or director, Officer | 1.8 | $7,600 | $0 |
| SCOTT HISLOP | DIRECTOR Trustee or director | 1.7 | $7,200 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 14008, SPOKANE VLY, WA 99214-0008
- Principal officer (990 for 2024)
- JOE MORGAN, PO BOX 14008, SPOKANE, WA 99214
- Signed the 990
- JOE MORGAN, CEO
- Phone
- (509) 928-4540
- Website
- WWW.MODERNELECTRICWATER.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
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.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR CUSTOMER-OWNERS. THERE WERE 11,149 ACTIVE SERVICES AT YEAR END.
- PROVIDING WATER SERVICES TO OUR CUSTOMER-OWNERS. THERE WERE 5,601 ACTIVE SERVICES AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 91-0323430
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1921
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $88,603,456
- Income (IRS master file)
- $23,931,524
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $23,834,696 | $19,325,523 | $88,603,456 | XML |
| 990 | September 2024 | $22,397,520 | $19,325,289 | $80,149,153 | XML |
| 990 | September 2023 | $21,785,165 | $16,917,202 | $69,757,409 | XML |
| 990 | September 2022 | $5,253,543 | $3,093,766 | $60,070,028 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0323430).
Questions about MODERN ELECTRIC WATER COMPANY INC
- What is the EIN of MODERN ELECTRIC WATER COMPANY INC?
- The employer identification number (EIN) of MODERN ELECTRIC WATER COMPANY INC is 91-0323430.
- Is MODERN ELECTRIC WATER COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1921.
- Are donations to MODERN ELECTRIC WATER COMPANY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MODERN ELECTRIC WATER COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MODERN ELECTRIC WATER COMPANY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MODERN ELECTRIC WATER COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MODERN ELECTRIC WATER COMPANY INC?
- The 990 for the year ended September 30, 2025 names JOE MORGAN.
- Who are the officers and directors of MODERN ELECTRIC WATER COMPANY INC?
- The 990 for the year ended September 30, 2025 lists 13 people; 13 received compensation from the organization, the highest $333,343 (JOE MORGAN, CEO).
- How much revenue does MODERN ELECTRIC WATER COMPANY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $23,834,696, expenses of $19,325,523 and total assets of $88,603,456 at year end.
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