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Organizations East Central Energy

East Central Energy

Fiscal year ending 2023. Filed on November 14, 2024.

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 2023 IRS Form 990 filing, East Central Energy, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 191 total employees. Among the employees shown here, the average compensation is $278,367. The highest compensated employee at East Central Energy is Lisa Prachar with fiscal year 2023 compensation of $453,111.

Revenue, expenses, and employee compensation

Revenue

$143,411,266

Expenses

$145,612,580

Employee compensation

$1,526,721
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lisa Prachar
Chief Financial Officer and Vice President
$453,111
$236,585 No related comp$216,526
Justin Jahnz
President and Chief Executive Officer
$377,825
$285,084 No related comp$92,741
Andy Olson
Vice President and Chief Operating Officer
$329,157
$238,504 No related comp$90,653
Ty Houglum
Vice President and Chief Information Officer
$313,160
$229,446 No related comp$83,714
David Waletski
Manager, Engineering
$249,793
$171,776 No related comp$78,017
Mark MacHovec
LINE Technician
$216,754
$168,619 No related comp$48,135
Tanner Olson
LINE Technician
$191,307
$157,145 No related comp$34,162
Mark Nelson
Manager, Business Accounts
$187,723
$174,826 No related comp$12,897
Adam Eye
LINE Personnel
$186,473
$167,799 No related comp$18,674

Benchmark Employee Compensation

Non-Employee Board Members

Shelly Nault
Director
$20,717
$20,717 No related compNo other comp
Jim Jesok
Director
$18,610
$18,610 No related compNo other comp
Joseph Morley
Secretary and Treasurer
$16,044
$16,044 No related compNo other comp
Linda Laitala
Chair
$15,971
$15,971 No related compNo other comp
Rick Olson
Director
$15,868
$15,868 No related compNo other comp
Jerry Tvedt
Vice Chair
$15,580
$15,580 No related compNo other comp
Greg Kvanicka
Assistant Secretary and Treasurer
$15,106
$15,106 No related compNo other comp
Wayne Eller
Director
$14,306
$14,306 No related compNo other comp
Ron Volker
Director
$13,914
$13,914 No related compNo other comp
Lonnie Johnson
Director
$12,514
$12,514 No related compNo other comp
Thomas Schoenecker
Director - Started 4/20/2023
$11,670
$11,670 No related compNo other comp
Michael Gainor
Director - Started 4/20/2023
$7,655
$7,655 No related compNo other comp

Contractors

Itg Communications LLC
Broadband Consulting
$8,787,330
Pulse Broadband LLC
Broadband Consulting
$8,656,958
New Age Tree Service Inc.
Tree Trimming/Clearing
$2,371,066
R & G Waldhalm Contractors
Excavation Work
$1,784,355
Yts Companies
Power Line Construction
$1,212,101

Mission Statement

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

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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East Central Energy Trust
Braham, Minnesota