Compensation 990

Lake Region Electric Cooperative

Fiscal year ending 2024. Filed on September 30, 2025.

PO Box 643
Pelican Rapids, Minnesota 56572

Lake Region Electric Cooperative (EIN: 41-0363020) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Lake Region Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 84 total employees. Among the employees shown here, the average compensation is $239,271. The highest compensated employee at Lake Region Electric Cooperative is Tim Thompson with fiscal year 2024 compensation of $511,357.

Revenue, expenses, and employee compensation

Revenue

$59,514,606

Expenses

$57,663,270

Employee compensation

$1,026,678
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋7.0%vs 2023
Tim Thompson
Chief Executive Officer
$511,357
$345,442 from orgNo related comp$165,915 other
＋7.0%vs 2023
Al Fazio
Vice President of Engineering/Operatings
$268,152
$174,327 from orgNo related comp$93,825 other
＋3.3%vs 2023
Donald Hanson
LEAD Journeyman Lineworker
$202,160
$140,764 from orgNo related comp$61,396 other
＋6.3%vs 2023
Dylan Aafedt
Vice President of Business Solutions
$193,526
$165,539 from orgNo related comp$27,987 other
＋36.2%vs 2023
Amanda Fuller
Chief Financial Officer and Vice President, Finance
$188,850
$161,241 from orgNo related comp$27,609 other
New in 2024
Phillip Bollingberg
Journeyman Lineworker
$186,196
$141,002 from orgNo related comp$45,194 other
＋12.5%vs 2022
Erik Olson
Journeyman Lineworker
$182,734
$138,720 from orgNo related comp$44,014 other
New in 2024
Kyle Jensen
LEAD Journeyman Lineworker
$181,195
$138,079 from orgNo related comp$43,116 other

Non-Employee Board Members

＋13.4%vs 2023
Kurt Krueger
Vice Chair
$15,640
$15,640 from orgNo related compNo other comp
－7.2%vs 2023
Thomas Jennen
Chair
$14,700
$14,700 from orgNo related compNo other comp
＋20.1%vs 2023
Cecil Hensel
Secretary and Treasurer
$14,280
$14,280 from orgNo related compNo other comp
＋50.1%vs 2023
Jim Gronbeck
Director
$13,760
$13,760 from orgNo related compNo other comp
＋0.2%vs 2023
Charlie Blixt
Director
$12,120
$12,120 from orgNo related compNo other comp
＋1.0%vs 2023
Gary Olson
Director
$11,080
$11,080 from orgNo related compNo other comp
New in 2024
Lee Mindemann
Director (Joined 4/25/24)
$10,830
$10,830 from orgNo related compNo other comp
－9.6%vs 2023
Michael Brasel
Director
$9,580
$9,580 from orgNo related compNo other comp
－10.1%vs 2023
Patrick Meyers
Director
$9,540
$9,540 from orgNo related compNo other comp
－69.4%vs 2023
Earl Rydell
Director (Termed 4/25/24)
$4,130
$4,130 from orgNo related compNo other comp

Mission Statement

TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.

Revisions to this organization profile

September 30, 2025:
2024 Lake Region Electric Cooperative 990 filed
October 3, 2024:
2023 Lake Region Electric Cooperative 990 filed
September 15, 2023:
2022 Lake Region Electric Cooperative 990 filed

Get an email when new compensation information is released for Lake Region Electric Cooperative

Be the first to know when new IRS Form 990 data is published for this organization.

Related Jobs

View more jobs
Powered by Talroo
Report a discrepancy →