NonprofitsArrowhead Electric Cooperative Inc

Arrowhead Electric Cooperative Inc

LUTSEN, MN

Total revenue

$18.0M

Total expenses

$14.9M

Net assets

$24.2M

Grants received

EIN

410735682

Tax year

2024

Mission

Electric energy distribution

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue$15.7M
Investment income$16K
Other revenue$357K
Total revenue$18.0M

Expenses

Grants paid
Salaries & benefits$584K
Fundraising
Other expenses$14.3M
Total expenses$14.9M
Total assets$50.8M
Net assets$24.2M

People

15 listed

NameRoleCompensation

JOHN TWIEST

GENERAL MANAGER/CEO

Board

$237K

48 hrs/wk

JENNY KARTES

DIRECTOR OF FINANCE

Board

$144K

41 hrs/wk

SHARON HEXUM-PLATZER

DIRECTOR

Board

$16K

8 hrs/wk

DONNA LUNKE

SECRETARY

Board

$13K

8 hrs/wk

ROGER OPP

TREASURER

Board

$12K

8 hrs/wk

STANLEY TULL

DIRECTOR THROUGH JULY, PRESIDENT

Board

$11K

8 hrs/wk

MIKE LITTFIN

PRESIDENT THROUGH JULY,VICE PRESIDENT

Board

$11K

8 hrs/wk

DON MCKEEVER

DIRECTOR

Board

$10K

8 hrs/wk

MICHAEL VALENTINI

VICE PRESIDENT THROUGH JULY

Board

$6K

8 hrs/wk

MATTHEW SCHUERGER

DIRECTOR BEGINNING AUGUST

Board

$4K

8 hrs/wk

CODY SELGER

LINEMAN

Staff

$161K

53 hrs/wk

DERRICK SEIDEL

COMMUNICATION LINEMAN

Staff

$156K

55 hrs/wk

SARA MCMANUS

MEMBER SERVICE MANAGER

Staff

$142K

40 hrs/wk

ERICK ARNOLD

COMMUNICATION LINEMAN

Staff

$135K

48 hrs/wk

NATHAN NORQUEST

LINEMAN

Staff

$134K

54 hrs/wk

Independent contractors

PARADIGM LINE CONSTRUCTION LLC

LINE CONSTRUCTION

$993K

GULBRANSON EXCAVATING

LINE CONSTRUCTION

$952K

MJ ELECTRIC INC

LINE CONSTRUCTION

$434K

JAY CARLSON EXCAVATING

LINE CONSTRUCTION

$250K

FRIEST TREE EXPERTS

TREE CLEARING

$223K

Details

EIN410735682
Subsection12
Ruling date1956-04
Formed1953
Employees33
Volunteers0
ARROWHEAD ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo