NonprofitsRed Lake Electric Cooperative Inc

Red Lake Electric Cooperative Inc

RL FALLS, MN

Total revenue

$15.5M

Total expenses

$15.5M

Net assets

$12.9M

Grants received

EIN

410496565

Tax year

2024

Mission

It is the mission of the red lake electric cooperative to enhance the quality of life for people of our service area by consistently providing safe, quality electric service and other services while holding our employees, our community and our environment in high regard.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$15.3M
Investment income$64K
Other revenue$70K
Total revenue$15.5M

Expenses

Grants paid
Salaries & benefits$249K
Fundraising
Other expenses$14.6M
Total expenses$15.5M
Total assets$33.5M
Net assets$12.9M

People

14 listed

NameRoleCompensation

STEPHANIE JOHNSON

GENERAL MANAGER

Board

$135K

40 hrs/wk

BONNIE CHRISTIANS

VICE PRESIDENT

Board

$7K

4.2 hrs/wk

RANDY VERSDAHL

DIRECTOR

Board

$7K

2.2 hrs/wk

PETE MOSBECK

PRESIDENT

Board

$6K

2.7 hrs/wk

CECIL ANDERSON

DIRECTOR

Board

$6K

3.2 hrs/wk

MARK HANSON

DIRECTOR

Board

$5K

2.3 hrs/wk

LARS DYRUD

DIRECTOR

Board

$4K

2.4 hrs/wk

COLETTE KUJAVA

SECRETARY/TREASURER

Board

$4K

3.2 hrs/wk

JENNIFER BERNIER-LINDER

DIRECTOR

Board

$3K

1.2 hrs/wk

KRIST OLSON

DIRECTOR

Board

$3K

1.3 hrs/wk

STACY BLAWAT

DIRECTOR

Board

$850

2 hrs/wk

AARON CHERVESTAD

DIRECTOR

Board

$500

1.5 hrs/wk

STEVE CONELY

LINE SUPERINTENDENT

Staff

$122K

40 hrs/wk

KELLI BRATENG

MEMBER SERVICES MANAGER

Staff

$103K

40 hrs/wk

Details

EIN410496565
Subsection12
Ruling date1941-05
Formed1938
Employees22
Volunteers0
RED LAKE ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo