NonprofitsLake Country Power

Lake Country Power

MOUNTAIN IRON, MN

Total revenue

$114.8M

Total expenses

$114.8M

Net assets

$141.7M

Grants received

EIN

411857633

Tax year

2024

Mission

To provide electricity and other services to the cooperative's members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$111.2M
Investment income$492K
Other revenue$3.1M
Total revenue$114.8M

Expenses

Grants paid$46K
Salaries & benefits$1.2M
Fundraising
Other expenses$103.6M
Total expenses$114.8M
Total assets$412.4M
Net assets$141.7M

People

17 listed

NameRoleCompensation

MARK BAKK

GENERAL MANAGER

Board

$376K

50 hrs/wk

DEREK HOWE

CHIEF OPERATING OFFICER

Board

$245K

50 hrs/wk

TRACY PETERSON WIRTANEN

CHIEF FINANCIAL OFFICER

Board

$221K

50 hrs/wk

BRIAN NAPSTAD

DIRECTOR

Board

$18K

7.13 hrs/wk

CRAIG OLSON

PRESIDENT

Board

$18K

9.56 hrs/wk

DANIEL KINGSLEY

VICE PRESIDENT

Board

$16K

7.17 hrs/wk

MICHAEL FORSMAN

SECRETARY

Board

$16K

9.46 hrs/wk

JASON LONG

DIRECTOR

Board

$16K

7.58 hrs/wk

LARRY ANDERSON

DIRECTOR

Board

$15K

9.27 hrs/wk

JEFF SHELDON

TREASURER

Board

$15K

8.47 hrs/wk

STEVE RAUKAR

DIRECTOR

Board

$14K

9.17 hrs/wk

ROBERT BRUCKBAUER

DIRECTOR

Board

$11K

7.92 hrs/wk

WILLIAM BUSSEY

DIRECTOR OF SAFETY & RISK MANAGEMENT

Staff

$202K

50 hrs/wk

REBECCA SEELEY

HUMAN RESOURCES DIRECTOR

Staff

$176K

50 hrs/wk

JEFF THIEL

CREW CHIEF

Staff

$166K

51.8 hrs/wk

WADE GOULD

AREA SUPERVISOR

Staff

$163K

50 hrs/wk

CRAIG SISTAD

CREW CHIEF

Staff

$158K

50.01 hrs/wk

Independent contractors

ZIELIE'S TREE SERVICE INC

RIGHT OF WAY CLEARING

$6.5M

LAKE STATES CONSTRUCTION LLC

CONSTRUCTION OF ELECTRICAL DIST. LINES

$3.0M

NATIONAL INFORMATION SOLUTIONS COOPERATI

SOFTWARE SUPPORT

$764K

HAWK CONSTRUCTION

CONSTRUCTION OF SUBSTATION

$474K

COOPERATIVE DEVELOPMENT LLC

LOCATING SERVICE

$459K

Details

EIN411857633
Subsection12
Ruling date1998-08
Formed1996
Employees142
Volunteers0
LAKE COUNTRY POWER — Mission, Financials & Grants Received | Grantivo