NonprofitsMinnesota Valley Electric Cooperative

Minnesota Valley Electric Cooperative

JORDAN, MN

Total revenue

$108.3M

Total expenses

$110.6M

Net assets

$88.5M

Grants received

EIN

410419150

Tax year

2024

Mission

Provide electric service to members

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$104.9M
Investment income$703K
Other revenue$2.7M
Total revenue$108.3M

Expenses

Grants paid
Salaries & benefits$1.4M
Fundraising
Other expenses$102.2M
Total expenses$110.6M
Total assets$268.8M
Net assets$88.5M

People

18 listed

NameRoleCompensation

MARVIN DENZER

CEO

Board

$390K

40 hrs/wk

RANDY ERDMAN

VP OF FINANCE

Board

$216K

40 hrs/wk

DEBORAH ERICKSON

PRESIDENT

Board

$22K

8 hrs/wk

ELIZABETH KROCAK

SECRETARY/TREASURER

Board

$19K

4 hrs/wk

THOMAS WOLF

VICE PRESIDENT

Board

$19K

25 hrs/wk

KEVIN GIBBS

DIRECTOR

Board

$18K

8 hrs/wk

MICHAEL LINS

DIRECTOR

Board

$18K

8 hrs/wk

GARY HABERMAN

DIRECTOR

Board

$18K

2 hrs/wk

BRENT LAWRENCE

DIRECTOR

Board

$18K

7 hrs/wk

MICHELLE MORRISON

DIRECTOR

Board

$18K

8 hrs/wk

JAMES CONNELLY

DIRECTOR

Board

$18K

25 hrs/wk

MICHAEL DIETZ

VP OF OPERATIONS

Staff

$199K

40 hrs/wk

RYAN FEDIE

VP ENERGY SERVICES THRU SEPT 2024

Staff

$199K

40 hrs/wk

SARAH PETERSON

VP OF ENGINEERING

Staff

$191K

40 hrs/wk

BRANDI ADELMANN

DIRECTOR OF HUMAN RESOURCES

Staff

$187K

40 hrs/wk

JOSEPH JUTZ

FOREMAN - CONSTRUCTION

Staff

$184K

52.67 hrs/wk

TERRI BAKKEN

VP MEMBER SERVICES

Staff

$177K

40 hrs/wk

STUART HAEFNER

FOREMAN - LEAD

Staff

$175K

49.41 hrs/wk

Independent contractors

DONLIE UNDERGROUND INC

UNDERGROUND LINE SERVICES

$3.1M

CARR'S TREE SERVICE INC

TREE TRIMMING & SPRAYING SERVICES

$1.8M

HIGHLINE CONSTRUCTION INC

OVERHEAD/UNDERGROUND LINE SERVICES

$785K

MBI DESIGNBUILD LLC

ENGINEERING DESIGN SERVICES

$553K

USIC LOCATING SERVICES LLC

UNDERGROUND LOCATING SERVICES

$514K

Details

EIN410419150
Subsection12
Ruling date1939-11
Formed1937
Employees116
Volunteers0
MINNESOTA VALLEY ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo