NonprofitsWild Rice Electric Cooperative Inc

Wild Rice Electric Cooperative Inc

MAHNOMEN, MN

Total revenue

$35.8M

Total expenses

$35.7M

Net assets

$33.3M

Grants received

EIN

410612945

Tax year

2024

Mission

The exempt purpose of the organization is to provide electricity to members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$35.5M
Investment income$90K
Other revenue$253K
Total revenue$35.8M

Expenses

Grants paid
Salaries & benefits$5.4M
Fundraising
Other expenses$29.1M
Total expenses$35.7M
Total assets$79.1M
Net assets$33.3M

People

17 listed

NameRoleCompensation

MICHAEL WADE

PRESIDENT/CEO

Board

$216K

40 hrs/wk

CRYSTAL ASKELSON

DIRECTOR OF FINANCE

Board

$98K

40 hrs/wk

LARRY SOLLIE

VICE CHAIR

Board

$10K

7 hrs/wk

ROGER WINTER

DIRECTOR

Board

$10K

4.14 hrs/wk

JEFF NORNES

DIRECTOR

Board

$10K

4.8 hrs/wk

JIMMY KAISER

CHAIRMAN

Board

$10K

4.23 hrs/wk

RANDY BJORNSON

DIRECTOR

Board

$10K

4.4 hrs/wk

DAVID HAMRE

TREASURER

Board

$9K

4.1 hrs/wk

GREG LAVOY

DIRECTOR

Board

$8K

2.65 hrs/wk

PAULA OKESON

DIRECTOR (STARTED 4/2024)

Board

$8K

4.8 hrs/wk

MARK HABEDANK

SECRETARY

Board

$7K

4.62 hrs/wk

RUSSEL OKESON

DIRECTOR (LEFT 4/2024)

Board

$4K

4.62 hrs/wk

KENNETH CRANE

FORMAN

Staff

$123K

45 hrs/wk

GLEN SOMMERS

JOURNEYMAN

Staff

$120K

45 hrs/wk

TRAVIS OBOWA

LEAD LINEMAN

Staff

$119K

46 hrs/wk

NICHOLAS JASKEN

LEAD LINEMAN

Staff

$118K

48 hrs/wk

MICHAEL KORSGADEN

JOURNEYMAN

Staff

$118K

46 hrs/wk

Independent contractors

CARR'S TREE SERVICE

RIGHT-OF-WAY CLEARING

$1.5M

STAR ENERGY SERVICES LLC

ENGINEERING, IT

$257K

HERZOG ROOFING

ROOFING

$228K

LEGACY POWER LINE INC

POLE REPLACEMENT

$193K

BLUESKY DAYLIGHTING

BORING

$182K

Details

EIN410612945
Subsection12
Ruling date1942-11
Formed1939
Employees48
Volunteers0
WILD RICE ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo