Lake Region Electric Cooperative
PEL RAPIDS, MN
Total revenue
$59.5M
Total expenses
$57.7M
Net assets
$71.0M
Grants received
—
EIN
410363020
Tax year
2024
Mission
To provide our members with safe, reliable, affordable electricity, and lead by offering innovative energy services to grow the cooperative.
Programs
1 program
Ets heating (steffes)/water heaters/generators and gowest solar systems - members able to purchase steffes ets heaters/water heaters, generators, and gowest solar systems through an easy pay purchase program, then billed each month on electric bill.
Financials
FY 2024
Revenue
Expenses
People
18 listed
TIM THOMPSON
CEO
$345K
45 hrs/wk
AMANDA FULLER
VICE PRESIDENT OF FINANCE/CFO
$161K
45 hrs/wk
KURT KRUEGER
VICE CHAIR
$16K
3.4 hrs/wk
THOMAS JENNEN
CHAIRMAN
$15K
2.2 hrs/wk
CECIL HENSEL
SECRETARY/TREASURER
$14K
2.9 hrs/wk
JIM GRONBECK
DIRECTOR
$14K
3.8 hrs/wk
CHARLIE BLIXT
DIRECTOR
$12K
2.8 hrs/wk
GARY OLSON
DIRECTOR
$11K
2.5 hrs/wk
LEE MINDEMANN
DIRECTOR (JOINED 4/25/24)
$11K
5 hrs/wk
MICHAEL BRASEL
DIRECTOR
$10K
1.7 hrs/wk
PATRICK MEYERS
DIRECTOR
$10K
2.1 hrs/wk
EARL RYDELL
DIRECTOR (TERMED 4/25/24)
$4K
2.2 hrs/wk
AL FAZIO
VICE PRESIDENT OF ENGINEERING/OPERATINGS
$174K
45 hrs/wk
DYLAN AAFEDT
VICE PRESIDENT OF BUSINESS SOLUTIONS
$166K
45 hrs/wk
PHILLIP BOLLINGBERG
JOURNEYMAN LINEWORKER
$141K
50.2 hrs/wk
DONALD HANSON
LEAD JOURNEYMAN LINEWORKER
$141K
48 hrs/wk
ERIK OLSON
JOURNEYMAN LINEWORKER
$139K
49.8 hrs/wk
KYLE JENSEN
LEAD JOURNEYMAN LINEWORKER
$138K
47.1 hrs/wk
Independent contractors
CARR'S TREE SERVICE INC
TREE CLEARING
HIGHLINE CONSTRUCTION INC
POLES, WORK ORDER, OUTAGE RESTORATION
ARVIG CONSTRUCTION INC
PLOWING/BORING/CONTRACT WORK FOR PLANT
MVM CONTRACTING INC
PLOWING/BORING FOR UNDERGROUND CABLE
RIPLEY'S INC
PLOWING/BORING FOR UNDERGROUND CABLE