Minnesota Valley Electric Cooperative

Fiscal year ending 2024. Filed on November 5, 2025.

125 Minnesota Valley Electric Drive
Jordan, Minnesota 55352

Minnesota Valley Electric Cooperative (EIN: 41-0419150) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Minnesota Valley Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 116 total employees. Among the employees shown here, the average compensation is $284,761. The highest compensated employee at Minnesota Valley Electric Cooperative is Marvin Denzer with fiscal year 2024 compensation of $677,998.

Revenue, expenses, and employee compensation

Revenue

$108,271,085

Expenses

$110,577,794

Employee compensation

$1,415,617

Reported Compensated Employees

Marvin Denzer

Chief Executive Officer

$677,998

$389,792 No related comp$288,206

Michael Dietz

Vice President, Operations

$276,269

$199,318 No related comp$76,951

Terri Bakken

Vice President, Member Services

$257,483

$176,968 No related comp$80,515

Stuart Haefner

Foreman - LEAD

$245,596

$175,044 No related comp$70,552

Randy Erdman

Vice President, Finance

$230,010

$215,775 No related comp$14,235

Joseph Jutz

Foreman - Construction

$226,674

$183,541 No related comp$43,133

Ryan Fedie

Vice President Energy Services THRU SEPT 2024

$220,568

$198,837 No related comp$21,731

Brandi Adelmann

Human Resources Director

$218,442

$187,115 No related comp$31,327

Sarah Peterson

Vice President, Engineering

$209,809

$191,386 No related comp$18,423

Benchmark Employee Compensation

Non-Employee Board Members

Deborah Erickson

President

$22,220

$22,220 No related compNo other comp

Elizabeth Krocak

Secretary and Treasurer

$18,585

$18,585 No related compNo other comp

Thomas Wolf

Vice President

$18,555

$18,555 No related compNo other comp

Kevin Gibbs

Director

$18,120

$18,120 No related compNo other comp

Gary Haberman

Director

$18,000