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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 Mckenzie Electric Cooperative Inc.

Mckenzie Electric Cooperative Inc.

Fiscal year ending 2022. Filed on October 26, 2023.

3817 23rd Ave NE
Watford City, North Dakota 58854

Mckenzie Electric Cooperative Inc. (EIN: 45-0217439) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Mckenzie Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 69 total employees. Among the employees shown here, the average compensation is $189,998. The highest compensated employee at Mckenzie Electric Cooperative Inc. is Matt Hanson with fiscal year 2022 compensation of $261,798.

Revenue, expenses, and employee compensation

Revenue

$401,082,882

Expenses

$401,082,882

Employee compensation

$7,789,448
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matt Hanson
Chief Executive Officer
$261,798
$222,722 No related comp$39,076
Jamie Cross
Business Manager
$214,145
$156,490 No related comp$57,655
Karl Aaker
Director of Engineering SER
$201,547
$156,561 No related comp$44,986
Colt Rangen
Journeymen
$173,327
$136,317 No related comp$37,010
Zane Frick
Operations Director
$170,033
$136,569 No related comp$33,464
Steven Lautenschlager
Contractor Management
$157,489
$151,246 No related comp$6,243
Eric Hellandsaas
Journeymen
$151,647
$139,163 No related comp$12,484

Benchmark Employee Compensation

Non-Employee Board Members

Richard Jore
Director
$28,013
$28,013 No related compNo other comp
Chris Link
Director
$26,884
$26,884 No related compNo other comp
Cameron Wahlstrom
Director
$24,767
$24,767 No related compNo other comp
Travis Thompson
Director at-large
$24,638
$24,638 No related compNo other comp
Ray Tescher
Vice Chair
$23,438
$23,438 No related compNo other comp
Clayton Monsen
Chair
$22,352
$22,352 No related compNo other comp
Ken Sanford
Director
$22,038
$22,038 No related compNo other comp
Tim Wasem
Secretary and Treasurer
$21,288
$21,288 No related compNo other comp
Stephan Kershisnik
Director
$18,352
$18,352 No related compNo other comp

Contractors

Stoel Rives LLP
Legal
$5,451,541
Badlands Electric Inc.
Line Construction
$4,857,846
4T Construction Inc.
Line Construction
$3,468,106
Mountain Plains LLC
Civil Engineering
$2,636,683
Highmark Erectors Inc.
Electrical Contractor
$1,557,920

Mission Statement

TO MAKE AVAILABLE AND TO SERVE ALL CONSUMERS WITHIN ITS BOUNDARIES WITH ELECTRIC ENERGY. TO ENSURE AN ADEQUATE SOURCE OF CENTRAL STATION POWER AND WORK TO MAKE THAT ENERGY AS RELIABLE AS POSSIBLE AT THE LOWEST COST POSSIBLE.

Revisions to this organization profile

September 2, 2025:
2024 Mckenzie Electric Cooperative Inc. 990 filed
September 26, 2024:
2023 Mckenzie Electric Cooperative Inc. 990 filed
October 26, 2023:
2022 Mckenzie Electric Cooperative Inc. 990 filed

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