NonprofitsCentral Power Electric Coop Inc

Central Power Electric Coop Inc

MINOT, ND

Total revenue

$190.9M

Total expenses

$180.6M

Net assets

$163.9M

Grants received

EIN

450226179

Tax year

2024

Mission

Providing wholesale all-requirements electric service to our six member rural electric cooperatives in North Dakota.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$181.4M
Investment income$195K
Other revenue$9.3M
Total revenue$190.9M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$180.6M
Total expenses$180.6M
Total assets$510.5M
Net assets$163.9M

People

15 listed

NameRoleCompensation

Thomas Meland

General Manager

Board

$825K

40 hrs/wk

Michael Kossan

CFO Manager of Accounting and Finance

Board

$294K

40 hrs/wk

Jean Brandt

Vice President

Board

$20K

4 hrs/wk

Arden Fuher

Director

Board

$19K

4 hrs/wk

Mark Brehm

President

Board

$18K

7 hrs/wk

David Charles

Director

Board

$18K

4 hrs/wk

Robert Wolf

Secretary Treasurer

Board

$16K

4 hrs/wk

Troy Presser

Director

Board

$15K

4 hrs/wk

Clint Gjellstad

Director

Board

$2K

4 hrs/wk

Mark Sherman

Manager of Operations and Engineering

Staff

$314K

40 hrs/wk

Dennis Olson

Chief Substation Engineer

Staff

$207K

40 hrs/wk

Ryan Callahan

Chief Transmission Engineer

Staff

$207K

40 hrs/wk

Todd Ahmann

Network Administrator

Staff

$192K

40 hrs/wk

Randy Brunner

Substation Engineer

Staff

$185K

40 hrs/wk

Kenneth Haugen

Operations Superintendent

Staff

$185K

40 hrs/wk

Independent contractors

Northwest Contracting Inc

General Contractor

$2.9M

Synergy Powerline Construction Inc

Line Construction Contractor

$2.8M

Widseth Smith Nolting & Associates

Line Design Contractor

$580K

Bechtold Paving Inc

Paving & Concrete Contractor

$254K

MMI Excavation LLC

Excavation Contractor

$206K

Details

EIN450226179
Subsection12
Ruling date1957-05
Formed1949
Employees65
Volunteers0
CENTRAL POWER ELECTRIC COOP INC — Mission, Financials & Grants Received | Grantivo