NonprofitsRunestone Electric Association

Runestone Electric Association

ALEXANDRIA, MN

Total revenue

$33.4M

Total expenses

$33.4M

Net assets

$41.3M

Grants received

EIN

410223597

Tax year

2024

Mission

To serve our members with safe, reliable, and affordable electricity.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$32.2M
Investment income$1.1M
Other revenue$76K
Total revenue$33.4M

Expenses

Grants paid
Salaries & benefits$2.9M
Fundraising
Other expenses$28.1M
Total expenses$33.4M
Total assets$108.3M
Net assets$41.3M

People

14 listed

NameRoleCompensation

Alan Haman

CEO

Board

$292K

42 hrs/wk

Janet Nelson

Manager of Finance

Board

$156K

44 hrs/wk

Joel Seela

Director

Board

$8K

6 hrs/wk

Michael Loken

Director

Board

$8K

4.4 hrs/wk

David Staples

Director

Board

$7K

4 hrs/wk

Barbara Johnson

Director

Board

$7K

6.6 hrs/wk

Gary Anderson

Director

Board

$7K

4 hrs/wk

Matthew Mattson

Director

Board

$6K

3.1 hrs/wk

Audrey Hjelle

Director

Board

$2K

2 hrs/wk

Susan Lundeen

Manager of Member Services

Staff

$139K

43 hrs/wk

Ryan Rooney

Energy Services & Business Development Manager

Staff

$138K

44 hrs/wk

Susan Gibbons

Network & IT Administrator

Staff

$136K

46 hrs/wk

David Jablonski

Line Superintendent

Staff

$132K

45 hrs/wk

Kyle Blade

Journeyman Lineman

Staff

$131K

48 hrs/wk

Independent contractors

Carr's Tree Service

tree/brush cut & spray

$804K

Integrity Contracting Inc

line construction & maint

$533K

STAR Energy Servcies LLC

engin,mgmt, safey services

$508K

Highline Construction Inc

sub construction

$366K

NISC

software service & support

$303K

Details

EIN410223597
Subsection12
Ruling date1937-12
Formed1935
Employees41
Volunteers0
RUNESTONE ELECTRIC ASSOCIATION — Mission, Financials & Grants Received | Grantivo