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Organizations Lake Region Electric Cooperative

Lake Region Electric Cooperative

Fiscal year ending 2023. Filed on October 3, 2024.

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 2023 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 81 total employees. Among the employees shown here, the average compensation is $230,560. The highest compensated employee at Lake Region Electric Cooperative is Tim Thompson with fiscal year 2023 compensation of $477,894.

Revenue, expenses, and employee compensation

Revenue

$57,227,491

Expenses

$56,773,094

Employee compensation

$929,321
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Thompson
Chief Executive Officer
$477,894
$322,815 No related comp$155,079
Al Fazio
Vice President of Engineering/Operations
$250,527
$164,880 No related comp$85,647
Paul Bergren
Superintendent - Pelican Rapids
$212,925
$137,723 No related comp$75,202
Jason Haman
LEAD Journeyman Lineworker
$205,176
$137,790 No related comp$67,386
Donald Hanson
LEAD Journeyman Lineworker
$195,637
$137,767 No related comp$57,870
Dylan Aafedt
Vice President of Business Solutions
$182,038
$155,965 No related comp$26,073
Tim Hart
Electronics System Supervisor
$181,586
$121,344 No related comp$60,242
Amanda Fuller
Chief Financial Officer and Vice President, Finance
$138,696
$116,379 No related comp$22,317

Benchmark Employee Compensation

Non-Employee Board Members

Thomas Jennen
Chair
$15,840
$15,840 No related compNo other comp
Kurt Krueger
Vice Chair
$13,790
$13,790 No related compNo other comp
Earl Rydell
Director
$13,490
$13,490 No related compNo other comp
Charlie Blixt
Director
$12,090
$12,090 No related compNo other comp
Cecil Hensel
Secretary and Treasurer
$11,890
$11,890 No related compNo other comp
Gary Olson
Director
$10,970
$10,970 No related compNo other comp
Patrick Meyers
Director
$10,610
$10,610 No related compNo other comp
Michael Brasel
Director
$10,600
$10,600 No related compNo other comp
Jim Gronbeck
Director (Started 4/25/23)
$9,170
$9,170 No related compNo other comp
Sidney Wisness
VICE Chair (Termed 4/25/23)
$5,630
$5,630 No related compNo other comp

Contractors

Carr's Tree Service Inc.
Tree Clearing
$2,055,194
Peterson Mechanical Inc.
Install New HVAC System
$1,646,936
Ripley's Inc.
Plowing/Boring for Underground Cable
$392,321
Highline Construction Inc.
Poles Work Order Outage Restoration
$298,708
Arvig Construction
Plowing/Boring/Contract Work for Plant
$196,700

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.
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