Pacific Northwest Generating Cooperative DBA Pngc Power

Not tax-deductible

Clackamas, ORMutual-benefit / member-servingSince 1995EIN 93-1192140Revenue $283.9M in FY2025

On file with the IRSpngcpower.com8440 Se Sunnybrook Blvd Ste 200, 97015-5782 · Clackamas, ORTax-exempt since Jul 2000

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Pngc maximizes the competitive position of its menbers by acquiring and protecting the resources required to Power its collective future.

$2.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.1M a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$2.4M
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $20.4M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $20.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31.5M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283.9M
+11% vs prior year
Spent
$280.1M
Net assets
$35.1M
By yearFY2020–FY2025
Revenue
$283.9M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$283.9M
FY2021$164.7M
FY2022$178.7M
FY2023$223.1M
FY2024$256.0M
FY2025$283.9M
Expenses
$280.1M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$281.7M
FY2021$163.3M
FY2022$177.3M
FY2023$221.3M
FY2024$253.9M
FY2025$280.1M
Net assets
$35.1M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$30.7M
FY2021$24.8M
FY2022$23.4M
FY2023$26.3M
FY2024$30.3M
FY2025$35.1M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

36 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$528,377Pt VII · Sec A
SVP Power Supply & Strategy
$307,244Pt VII · Sec A
President & CEO
$230,275Pt VII · Sec A
$202,899Pt VII · Sec A
Director, Power Supply
$196,448Pt VII · Sec A
VP Gov't Affairs & Policy
$194,660Pt VII · Sec A
$192,652Pt VII · Sec A
Director of Transmission & Markets
$178,315Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mary Looney——$564,491———
Jessica Matlock$528,377—————
Roger Gray$230,275$471,119$415,719$395,584$428,853$308,437
Erin Erben$307,244$301,422$249,946$114,802——
Christopher Hill———$113,961$218,779$197,746
Jon R Wissler——$212,789$201,377$196,495$185,481
Teresa Stubblefieled-Skreen—$209,871————
Teresa Stubblefield-Skreen$202,899—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides electric power and transmission services to member-owned cooperatives.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Meeting the electric power and transmission requirements of its distribution cooperative member-owners.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$283.9M
Ln 12
Fees for servicesLn 2g$282.6M
Investment incomeLn 3$1.3M
Money outPt IX
$280.1M
Ln 25
Owns and owesPt X
$35.1M
net assets · Ln 32
Cash and savingsLn 1–2$18.0M
Total assetsLn 16$66.6M
LiabilitiesLn 26$31.5M
PeoplePt VI, VII
36
listed · VII A
PaidVII A11
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$282.6M
Investment incomeLn 3$1.3M
Gains on assetsLn 7−$220K
Total revenueLn 12$283.9M
Assets in detailPt X, end of year
CashLn 1$697K
SavingsLn 2$17.3M
Cash and savings togetherLn 1–2$18.0M
InvestmentsLn 11–13$20.4M
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$438K
Total assetsLn 16$66.6M
LiabilitiesLn 26$31.5M
Net assetsLn 32$35.1M
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$15.8M$18.0M
InvestmentsLn 11–13$20.5M$20.4M
Land, buildings, equipmentLn 10c$6.1M$5.9M
Total assetsLn 16$59.3M$66.6M
LiabilitiesLn 26$28.9M$31.5M
Net assetsLn 32$30.3M$35.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.8M
Other salaries and wagesLn 7$2.3M
Pension plan contributionsLn 8$544K
Other employee benefitsLn 9$409K
Payroll taxesLn 10$261K
Legal feesLn 11b$424K
Accounting feesLn 11c$66K
Lobbying feesLn 11d$107K
Other fees for servicesLn 11g$972K
Office expensesLn 13$330K
Information technologyLn 14$310K
OccupancyLn 16$184K
Conferences, conventions and meetingsLn 19$253K
InterestLn 20$32K
Depreciation, depletion and amortizationLn 22$612K
InsuranceLn 23$261K
Other expenses (24a–d)Ln 24$271.2M
All other expensesLn 24e$144
Total functional expensesLn 25$280.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $283.9M$280.1M$3.8M$35.1M 990 PDF
FY2024 $256.0M$253.9M$2.1M$30.3M 990 PDF
FY2023 $223.1M$221.3M$1.8M$26.3M 990 PDF
FY2022 $178.7M$177.3M$1.4M$23.4M 990 PDF
FY2021 $164.7M$163.3M$1.4M$24.8M 990 PDF
FY2020 $283.9M$281.7M$2.2M$30.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $283,888,141 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $254,212,311$282,552,770
I-10 Investment incomePrior year $1,799,789$1,335,371
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $256,012,100$283,888,141
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,268,872$5,329,180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $249,658,483$274,797,309
I-18 Total expensesPrior year $253,927,355$280,126,489
I-19 Revenue less expensesPrior year $2,084,745$3,761,652
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $283,888,141 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $282,552,770$282,552,770
VIII-3 Investment incomeExcluded from tax $1,555,117$1,555,117
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$219,746−$219,746
VIII-12 Total revenueRelated to mission $282,552,770 · Unrelated business $0 · Excluded from tax $1,335,371$283,888,141
Part IX · Statement of functional expenses $280,126,489 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$1,839,685
IX-7 Other salaries and wages$2,275,913
IX-8 Pension plan contributions$544,161
IX-9 Other employee benefits$408,543
IX-10 Payroll taxes$260,878
IX-11b Legal fees$424,392
IX-11c Accounting fees$65,921
IX-11d Lobbying fees$107,006
IX-11g Other fees for services$971,771
IX-13 Office expenses$330,057
IX-14 Information technology$309,631
IX-16 Occupancy$183,750
IX-19 Conferences, conventions and meetings$253,142
IX-20 Interest$31,551
IX-22 Depreciation, depletion and amortization$611,873
IX-23 Insurance$260,925
IX-24 Other expenses (24a–d)$271,247,146
IX-24e All other expenses$144
IX-25 Total functional expenses$280,126,489
Part X · Balance sheet $66,606,226 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $182,398$697,427
X-2 Savings and temporary cash investmentsStart of year $15,613,775$17,293,085
X-4 Accounts receivableStart of year $15,977,493$21,523,898
X-8 Inventories for sale or useStart of year $21,743$19,128
X-9 Prepaid expenses and deferred chargesStart of year $301,103$346,045
X-10c Land, buildings and equipment, netStart of year $6,061,739$5,917,953
X-12 Other securitiesStart of year $20,403,945$20,294,202
X-13 Program-related investmentsStart of year $74,199$66,399
X-14 Intangible assetsStart of year $10,000$10,000
X-15 Other assetsStart of year $607,526$438,089
X-16 Total assetsStart of year $59,253,921$66,606,226
X-17 Accounts payable and accrued expensesStart of year $20,155,852$23,828,260
X-25 Other liabilitiesStart of year $8,783,454$7,685,318
X-26 Total liabilitiesStart of year $28,939,306$31,513,578
X-32 Total net assets or fund balancesStart of year $30,314,615$35,092,648
X-33 Total liabilities and net assetsStart of year $59,253,921$66,606,226
Part XI · Reconciliation of net assets $35,092,648 net assets at year end
XI-1 Total revenue$283,888,141
XI-2 Total expenses$280,126,489
XI-3 Revenue less expenses$3,761,652
XI-4 Net assets at start of year$30,314,615
XI-5 Net unrealized gains (losses) on investments$934,153
XI-9 Other changes in net assets$82,228
XI-10 Net assets at end of year$35,092,648

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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