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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations East Central Energy

East Central Energy

Fiscal year ending 2024. Filed on November 11, 2025.

PO Box 39
Braham, Minnesota 55006

East Central Energy (EIN: 41-0480748) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, East Central Energy, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 206 total employees. Among the employees shown here, the average compensation is $300,831. The highest compensated employee at East Central Energy is Justin Jahnz with fiscal year 2024 compensation of $456,319.

Revenue, expenses, and employee compensation

Revenue

$155,598,325

Expenses

$161,010,311

Employee compensation

$1,725,838
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Justin Jahnz
President and Chief Executive Officer
$456,319
$345,714 No related comp$110,605
Ty Houglum
Vp/Chief Information Offic
$376,742
$263,723 No related comp$113,019
Andy Olson
Vice President and Chief Operating Officer
$371,961
$262,585 No related comp$109,376
Lisa Prachar
Chief Financial Officer and Vice President
$307,738
$259,775 No related comp$47,963
Tor Kindem
LINE Technician
$272,061
$186,888 No related comp$85,173
David Waletski
Manager, Engineering
$267,256
$181,126 No related comp$86,130
Mark MacHovec
LINE Technician
$237,410
$181,356 No related comp$56,054
Mark Nelson
Manager, Business Accounts
$222,047
$163,530 No related comp$58,517
Kevin Klocke
LINE Technician
$195,947
$162,832 No related comp$33,115

Benchmark Employee Compensation

Non-Employee Board Members

Shelly Nault
Director
$22,092
$22,092 No related compNo other comp
Thomas Schoenecker
Assistant Secretary and Treasurer
$20,470
$20,470 No related compNo other comp
Jim Jesok
Secretary and Treasurer
$18,503
$18,503 No related compNo other comp
Linda Laitala
Director
$17,034
$17,034 No related compNo other comp
Jerry Tvedt
Chair
$16,602
$16,602 No related compNo other comp
Lonnie Johnson
Director
$16,421
$16,421 No related compNo other comp
Ron Volker
Director
$15,849
$15,849 No related compNo other comp
Wayne Eller
Director
$13,629
$13,629 No related compNo other comp
Greg Kvasnicka
Vice Chair
$13,285
$13,285 No related compNo other comp
Rick Olson
Director
$12,889
$12,889 No related compNo other comp
Michael Gainor
Director
$12,845
$12,845 No related compNo other comp
Joseph Morley
Director (Through April 2024)
$4,472
$4,472 No related compNo other comp

Contractors

Itg Communications LLC
Broadband Consulting
$26,453,369
Pulse Broadband LLC
Broadband Consulting
$4,258,042
R & G Waldhalm Contractors
Excavation Work
$2,179,962
New Age Tree Service Inc.
Tree Trimming/Clearing
$1,687,941
Yts Companies
Power Line Construction
$1,622,773

Mission Statement

TO PROVIDE ELECTRIC DISTRIBUTION, FIBER AND OTHER RELATED SERVICES TO ITS MEMBERS.

Other organizations also named East Central Energy

East Central Energy Trust
Braham, Minnesota

Revisions to this organization profile

November 11, 2025:
2024 East Central Energy 990 filed
November 14, 2024:
2023 East Central Energy 990 filed
November 8, 2023:
2022 East Central Energy 990 filed

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