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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 Lake Region Electric Cooperative

Lake Region Electric Cooperative

Fiscal year ending 2021. Filed on October 5, 2022.

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 2021 IRS Form 990 filing, Lake Region Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 82 total employees. Among the employees shown here, the average compensation is $238,239. The highest compensated employee at Lake Region Electric Cooperative is Tim Thompson with fiscal year 2021 compensation of $474,351.

Revenue, expenses, and employee compensation

Revenue

$56,997,078

Expenses

$55,395,963

Employee compensation

$8,472,446
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Thompson
Chief Executive Officer
$474,351
$294,180 No related comp$180,171
Al Fazio
Vice President of Operations/Engineering
$255,722
$152,857 No related comp$102,865
Jason Haman
Lead Lineman
$212,974
$133,394 No related comp$79,580
Donald J Hanson
Lead Lineman
$178,016
$135,020 No related comp$42,996
Dylan Aafedt
Vice President, Business Development
$157,982
$135,748 No related comp$22,234
Jed Evenson
Lead Lineman
$150,390
$130,022 No related comp$20,368

Benchmark Employee Compensation

Non-Employee Board Members

Thomas Jennen
Chair
$15,840
$15,840 No related compNo other comp
Sid Wisness
Vice Chair
$13,200
$13,200 No related compNo other comp
Earl Rydell
Director
$12,950
$12,950 No related compNo other comp
Robert Shaw
Treasurer
$12,200
$12,200 No related compNo other comp
Cecil Hensel
Director
$11,500
$11,500 No related compNo other comp
Joyce Valley
Secretary
$11,460
$11,460 No related compNo other comp
Michael Brasel
Director
$11,350
$11,350 No related compNo other comp
Patrick Meyers
Director
$10,860
$10,860 No related compNo other comp
Kurt Krueger
Director (Part-Year)
$8,820
$8,820 No related compNo other comp
Dennis Tollefson
VICE Chair/Director - PART YEAR
$4,790
$4,790 No related compNo other comp

Contractors

Carr's Tree Service Inc.
Tree Clearing
$1,537,279
Highline Construction Inc.
Pole Change Outs
$387,552
Mvm Contracting
Plowing/Boring for Underground Cable
$336,214
Arvig Construction
Plowing/Boring for Underground Cable
$178,420
Egge Construction Inc.
Replace Facility Parking Lots
$133,405

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

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Lake Region Electric Cooperative Inc.
Hulbert, Oklahoma
Lake Region Electric Cooperative Foundation Inc.
Hulbert, Oklahoma