2024-04-30T13:57:34-05:00 2023-12-31 911503183 DP&C PO BOX 1614 TACOMA WA 984011614 990 2023-01-01 910357190 PARKLAND LIGHT AND WATER COMPANY PARK 2535315666 PO BOX 44426 TACOMA WA 98448 SUSAN CUTRELL GENERAL MANAGER 2535315666 2024-04-22 1 SUSAN CUTRELL 999009999 0 ED E RAMOS CPA P00601133 2535729922 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SUSAN CUTRELL PO BOX 44426 TACOMA WA 98448 16347456 0 X WWW.PLW.COOP X 1914 WA TO PROVIDE RELIABLE AND EFFICIENT SERVICE AT THE LOWEST COST. 5 5 34 0 0 0 0 0 15589297 16058320 82511 238114 50609 51022 15722417 16347456 7100 4300 0 0 3038827 3319057 0 0 0 9555345 9047041 12601272 12370398 3121145 3977058 45720274 49827747 1633460 1637375 44086814 48190372 TO PROVIDE RELIABLE AND EFFICIENT SERVICE AT THE LOWEST COST. 0 0 SALE OF ELECTRIC AND WATER SERVICES TO APPROXIMATELY 12,782 MEMBERSHIPS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 34 1 0 0 0 0 0 0 0 16073426 274030 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X PARKLAND LIGHT AND WATER COMPANY 2535315666 12918 PARK AVENUE TACOMA WA 98444 MARK MULDER DIRECTOR, PRESIDENT 3.04 X X 13200 0 0 GARY HAUENSTEIN DIRECTOR, VICE PRESIDENT 4.12 X X 13200 0 0 GARY GRAZZINI DIRECTOR, SECRETARY 4.63 X X 13200 0 0 JANET DETERING DIRECTOR,TREASURER 4.35 X X 13200 0 0 ELAINE WALTER DIRECTOR, PUBLIC RELATIONS 5.19 X 13200 0 0 SUSAN CUTRELL GENERAL MANAGER 40.00 X 240592 0 153588 ALEX ANDERSON MANAGER OF FINANCE AND ADM 40.00 X 163680 0 49309 DALE BUTCHER ELECTRIC SUPERINTENDENT 40.00 X 177292 0 126299 DALE BUDZINSKI WATER SUPERINTENDENT 40.00 X 176838 0 157668 MATTHEW CLINE ELECTRIC FOREMAN 40.00 X 169459 0 63086 SCOTT WYNN ELECTRIC LINEMAN 40.00 X 149940 0 36204 CURT THOMPSON ELECTRIC LINEMAN 40.00 X 151864 0 77071 1295665 0 663225 7 0 1 0 MCKEE ENTERPRISES LLC PO BOX 5 ENUMCLAW WA 98022 CONSTRUCTION 1274492 MCCLURE AND SONS INC 15714 COUNTRY CLUB DRIVE MILL CREEK WA 98012 CONSTRUCTION 1152164 ASPHALT PATCH INDUSTRIES 8812 CANYON RD E PUYALLUP WA 98371 CONSTRUCTION 351716 S & B INC 13200 SE 30TH ST STE A BELLEVUE WA 980054437 CONSTRUCTION 246813 MERIDIAN COOPERATIVE 100 ASHFORD CENTER NORTH STE 500 ATLANTA GA 303384865 CONSTRUCTION 188254 5 ELECTRIC SALES 221000 9032092 9032092 WATER SALES 221000 6224139 6224139 OTHER SERVICE REVENUE 221000 802089 802089 16058320 234112 234112 51022 0 51022 51022 51022 4002 0 4002 4002 4002 16347456 16058320 0 289136 4300 662169 692126 885957 784214 294591 106314 18127 130564 131577 1579168 90394 PURCHASED POWER 4139805 DISTRIBUTION SYSTEMS 1333320 CUSTOMER RECORDS AND CO 730536 BUSINESS AND PROPERTY T 623889 163347 12370398 1000 1000 14939206 13914535 2078018 2152388 1261680 1460996 67393 98421 60429260 28571307 26720294 31857953 191460 202750 461223 139704 45720274 49827747 1633460 1637375 1633460 1637375 X 0 0 5659896 5786396 38426918 42403976 44086814 48190372 45720274 49827747 X 3977058 126500 X X 0 1 X 1 0 783697 783697 12397049 7669040 4728009 3509163 2843672 665491 43739351 18058595 25680756 31857953 16347456 0 16347456 0 16347456 12370398 0 12370398 0 12370398 X X X 0 0 0 SUSAN CUTRELL GENERAL MANAGER 240592 0 0 0 0 0 127236 0 26352 0 394180 0 0 0 ALEX ANDERSON MANAGER OF FINANCE AND ADM 163680 0 0 0 0 0 43309 0 6000 0 212989 0 0 0 DALE BUTCHER ELECTRIC SUPERINTENDENT 177292 0 0 0 0 0 99947 0 26352 0 303591 0 0 0 DALE BUDZINSKI WATER SUPERINTENDENT 176838 0 0 0 0 0 131316 0 26352 0 334506 0 0 0 MATTHEW CLINE ELECTRIC FOREMAN 169459 0 0 0 0 0 36734 0 26352 0 232545 0 0 0 SCOTT WYNN ELECTRIC LINEMAN 149940 0 0 0 0 0 30204 0 6000 0 186144 0 0 0 CURT THOMPSON ELECTRIC LINEMAN 151864 0 0 0 0 0 50719 0 26352 0 228935 0 0 0 FORM 990, SCHEDULE J, PART II (C) THE COMPANY PARTICIPATES IN THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) RETIREMENT SECURITY PLAN (RS PLAN), A DEFINED BENEFIT PENSION PLAN QUALIFIED UNDER SECTION 401 AND TAX-EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE PLAN IS FULLY FUNDED AND VESTING IS 10% PER YEAR FOR FIRST 4 YEARS, WITH 100% VESTING AT BEGINNING OF 5TH YEAR OR AGE 55. WHICHEVER COMES FIRST. BENEFITS FROM EMPLOYEE CONTRIBUTIONS ARE FULLY VESTED. THE AMOUNTS REPORTED ARE DEFERRED COMPENSATION BENEFITS EARNED, BUT NOT PAID. FORM 990, PART VI, SECTION A, LINE 6 PARKLAND LIGHT AND WATER COMPANY IS OWNED BY THE PROPERTY OWNERS (MEMBERS) THAT IT SERVES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF PARKLAND LIGHT AND WATER COMPANY ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF PARKLAND LIGHT AND WATER COMPANY ELECT THE GOVERNING BOARD, THEREFORE, IF THE MEMBERSHIP DOES NOT AGREE WITH THE ACTIONS OF THE BOARD THEY CAN ELECT A NEW BOARD MEMBER IN THE NEXT ANNUAL ELECTION. TRUSTEES(S) MAY BE REMOVED FROM OFFICE BY TWO-THIRDS VOTE OF ALL MEMBERS PRESENT AND VOTING AT ANY MEETING CALLED FOR THAT PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF FORM 990 TO REVIEW AT LEAST 5 DAYS BEFORE FINALIZATION. THE GENERAL MANAGER WILL SIGN AND DATE THE FORM 990. THE SIGNED FORM 990 IS SUBMITTED TO THE IRS AND A COPY IS KEPT ON THE COMPANY PREMISES. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT OF PARKLAND LIGHT AND WATER COMMUNICATES WITH THE STAFF CONFLICTS OF INTEREST AS DESCRIBED IN THEIR EMPLOYEE HANDBOOK AT THE TIME OF HIRE AND PERIODICALLY THROUGH THE YEAR AS NEEDED. THE COMPANY HAS ADOPTED A NEPOTISM POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF MANAGEMENT EMPLOYEES, OFFICERS AND DIRECTORS ARE DETERMINED BASED ON INFLATION, MERIT,COMPENSATION OF OTHER UTILITIES IN THE AREA AND UNION CONTRACTS. THE BOARD OF DIRECTORS VOTE ON COMPENSATION RECOMMENDATIONS THAT WERE PROVIDED BY THE GENERAL MANAGERS JOB PERFORMANCE APPRAISAL. THE DISCUSSION AND VOTE IS DOCUMENTED IN THE BOARD MINUTES. THE AMOUNTS FOR COMPENSATION AND EMPLOYEE BENEFITS IN THE STATEMENT OF FUNCTIONAL EXPENSES DO NOT INCLUDE ALL WAGES FOR THE COMPANY. THE AMOUNTS SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES PERTAIN MAINLY TO GENERAL AND ADMINISTRATIVE WAGES. ALL OTHER WAGES ARE INTEGRATED THROUGHOUT ACCOUNTS THAT ARE RELATED TO THE REPAIR, MAINTENANCE, OR CAPITAL IMPROVEMENTS OF THE COMPANY'S UTILITY PLANT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF FORM 990 ARE PROVIDED TO ANY PERSON WHO REQUESTS A COPY. FORM 990, PART XI, LINE 9: NEW ELECTRICAL MEMBERSHIPS 18,000. NEW WATER MEMBERSHIPS 108,500. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS STAND AS THE OVERSIGHT AND REVIEW COMMITTEE OF THE AUDITED FINANCIAL STATEMENTS.