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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 Minnesota Valley Electric Cooperative

Minnesota Valley Electric Cooperative

Fiscal year ending 2020. Filed on October 13, 2021.

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 2020 IRS Form 990 filing, Minnesota Valley Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 110 total employees. Among the employees shown here, the average compensation is $240,965. The highest compensated employee at Minnesota Valley Electric Cooperative is Ryan Hentges with fiscal year 2020 compensation of $350,150.

Revenue, expenses, and employee compensation

Revenue

$93,961,370

Expenses

$94,080,870

Employee compensation

$1,044,571
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ryan Hentges
Chief Executive Officer
$350,150
$252,747 No related comp$97,403
Marvin Denzer
Vice President of Energy Services
$302,465
$189,689 No related comp$112,776
Gerald Mareck
Vice President, Finance
$263,571
$188,241 No related comp$75,330
Michael Dietz
Operations Manager
$222,565
$147,042 No related comp$75,523
Stuart Haefner
Foreman Maintenance
$203,927
$143,949 No related comp$59,978
Steven Volek
Foreman
$200,589
$151,102 No related comp$49,487
Terri Bakken
Vice President, Member Services
$195,538
$145,916 No related comp$49,622
Curt Cordt
Engineering Manager
$188,916
$160,603 No related comp$28,313

Benchmark Employee Compensation

Non-Employee Board Members

Brent Lawrence
President
$22,250
$22,250 No related compNo other comp
Michelle Morrison
Secretary and Treasurer
$18,830
$18,830 No related compNo other comp
Frances Barten
Vice President
$18,410
$18,410 No related compNo other comp
Gary Haberman
Director
$18,170
$18,170 No related compNo other comp
Thomas Wolf
Director
$18,050
$18,050 No related compNo other comp
William Heinlein
Director
$18,050
$18,050 No related compNo other comp
Kevin Gibbs
Director
$18,050
$18,050 No related compNo other comp
James Connelly
Director
$17,550
$17,550 No related compNo other comp
Deborah Erickson
Director
$13,280
$13,280 No related compNo other comp

Contractors

Donlie Underground Inc.
Underground Installation
$3,034,995
Carr's Tree Service
Tree Trimming
$2,168,272
Karianpeterson Power Line Contracting
Powerline Construction
$881,788
National Information Solutions Cooperati
Software Support Data Processing
$598,569
Highline Construction Inc.
Powerline Construction
$230,395

Mission Statement

PROVIDE ELECTRIC SERVICE TO MEMBERS

Revisions to this organization profile

November 5, 2025:
2024 Minnesota Valley Electric Cooperative 990 filed
November 14, 2024:
2023 Minnesota Valley Electric Cooperative 990 filed
November 2, 2023:
2022 Minnesota Valley Electric Cooperative 990 filed

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