NonprofitsMinnkota Power Cooperative Inc

Minnkota Power Cooperative Inc

GRAND FORKS, ND

Total revenue

$472.0M

Total expenses

$462.8M

Net assets

$235.8M

Grants received

EIN

450166406

Tax year

2024

Mission

Minnkota Power Cooperative is a rural electric cooperative that generates and transmits electric power for eleven member cooperatives.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$464.4M
Investment income$4.1M
Other revenue$3.5M
Total revenue$472.0M

Expenses

Grants paid
Salaries & benefits$5.7M
Fundraising
Other expenses$457.1M
Total expenses$462.8M
Total assets$1.2B
Net assets$235.8M

People

27 listed

NameRoleCompensation

Robert McLennan

President & CEO

Board

$1.1M

40 hrs/wk

Lowell Stave

Vice President and COO

Board

$441K

40 hrs/wk

Gerad Paul

General Counsel-VP of Legal, Compliance & Risk Mgmt

Board

$388K

40 hrs/wk

Jami Hovet

Vice President of Administration

Board

$329K

40 hrs/wk

Kay Schraeder

Vice President and CFO

Board

$322K

40 hrs/wk

Todd Sailer

Vice President of Power Supply

Board

$321K

40 hrs/wk

Craig Bleth

Vice President of Project Development

Board

$315K

40 hrs/wk

Dan Inman

Vice President and CISO

Board

$311K

40 hrs/wk

Brendan Kennelly

Vice President of Power Delivery

Board

$299K

40 hrs/wk

Andrew Sorbo

Vice President Strategic Initiatives

Board

$258K

40 hrs/wk

Stacey Dahl

Vice President of External Affairs

Board

$249K

40 hrs/wk

Colette Kujava

Board Secretary/Treasurer

Board

$22K

5.9 hrs/wk

Mark Habedank

Board Chair

Board

$19K

5.9 hrs/wk

Rick Coe

Board Member

Board

$17K

4.7 hrs/wk

Tom Woinarowicz

Board Vice Chair

Board

$17K

5.9 hrs/wk

Kalvin Hoff

Board Member

Board

$16K

4.8 hrs/wk

Cheryl Grover

Board Member

Board

$15K

4.5 hrs/wk

Mike Wahl

Board Member

Board

$14K

4.7 hrs/wk

Steve Arnesen

Board Member

Board

$13K

4.7 hrs/wk

Anthony Ottem

Board Member

Board

$11K

4.7 hrs/wk

Roger Krostue

Board Member

Board

$10K

4.7 hrs/wk

Les Windjue

Board Member

Board

$1K

4.7 hrs/wk

Shannon Mikula

Environmental Manager

Staff

$241K

40 hrs/wk

Grant Gunderson

Senior Manager Resource Planning & Markets

Staff

$233K

40 hrs/wk

Andrew Freidt

Senior Manager of Power Production

Staff

$227K

40 hrs/wk

Tim Hagerott

Senior Manager of Generation & Development

Staff

$214K

40 hrs/wk

Theresa Brorby

Senior Manager of Audit & Risk

Staff

$208K

40 hrs/wk

Independent contractors

Sargent & Lundy

Engineering Services

$1.4M

Ulteig Operations LLC

Engineering Services

$593K

Holland & Knight

Legal

$539K

David Greeson Consulting LLC

Consulting

$335K

Imperial Cleaning Services

Cleaning Services

$201K

Details

EIN450166406
Subsection12
Ruling date1943-03
Formed1940
Employees442
Volunteers0
MINNKOTA POWER COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo