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PeerBasis
Compensation Comparability Determination

Pennichuck Water Works Inc

Executive Director / CEO

EIN 020498191
NH · NTEE Y43
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of George Torres, Executive Director / CEO ($16,566) against every comparable organization that fit the selection criteria — 26 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 77th percentile of comparable organizationswithin the typical range

How comparable organizations were selected

26 organizations qualified on sector, size, and geography 26 within the band form the benchmarked peer set.

Distribution of comparable compensation

$333 total compensation of comparable organizations → $337,693 $16,566
$1,01610th
$1,66825th
$9,095Median
$14,67675th
$34,02090th
$16,566This org · 77th
p10$1,016
p25$1,668
p50$9,095
p75$14,676
p90$34,020
$16,566

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to NH cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Royal Arch Masons Of CaliforniaCA $35,895$15,545 990
Furnace Village CemeteryMA $34,516$948 990
Adrian Retiree Health BenefitMI $36,755$8,272 990
Ancient Free & Accepted MasonsCT $33,660$1,828 990
Washington Teachers Union Option 2DC $37,768$2,089 990
Princeton Abbey And Cemetery IncTX $37,864$33,475 990
Maplewood CemeteryNH $32,187$2,122 990
Ohio School Boards AssociationOH $30,871$94,723 990
Icd Medical Premium PlanIN $40,135$11,288 990
Macedonia Church Cemetery Trust FundAR $30,344$1,339 990
New Deal Lodge IncNY $41,563$5,872 990
Fairview Cemetary AssociationNY $42,808$10,478 990
Oak Grove Cemetery Wills Township IncIN $42,902$333 990
Jacobs Evangelical Lutheran Cemetery IncPA $26,019$10,990 990
Employee Contribution Veba TrustCA $44,869$34,565 990
Lehigh Zion Cemetery AssociationPA $45,079$1,614 990
Nebraska Methodist Health SystemNE $45,480$337,693 990
Norway Pine Grove Cemetery CorpME $45,624$1,084 990
Erie County Association Of Chiefs Of Police IncNY $24,686$510 990
Pocono Health System MedicalPA $46,304$18,209 990
Kn Consultants LtdNY $46,804$11,743 990
Claggett Cemetery CorporationOR $49,474$12,069 990
Maxus Retirees Modified Medical BenefitsTX $50,882$4,333 990
Euclid Health TrustOH $52,173$18,410 990
Fraternal Order Of Eagles 3730 AuxiliaryMO $52,914$1,474 990

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to NH cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default77th
Total compensation (D + F), as reported (no adjustments)81st
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted81st

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (George Torres) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 26 similarly situated organizations (Same NTEE major group (Y), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $16,566 is reasonable (approximately the 77th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.