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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 2023. Filed on November 14, 2024.

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 2023 IRS Form 990 filing, Minnesota Valley Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 115 total employees. Among the employees shown here, the average compensation is $215,410. The highest compensated employee at Minnesota Valley Electric Cooperative is Marvin Denzer with fiscal year 2023 compensation of $485,254.

Revenue, expenses, and employee compensation

Revenue

$108,564,734

Expenses

$107,152,255

Employee compensation

$1,415,513
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Marvin Denzer
Chief Executive Officer
$485,254
$364,061 No related comp$121,193
Ryan Fedie
Vice President Energy Services
$248,796
$209,585 No related comp$39,211
Michael Dietz
Vice President, Operations
$236,271
$175,127 No related comp$61,144
Stuart Haefner
Foreman - LEAD
$230,799
$172,345 No related comp$58,454
Terri Bakken
Vice President, Member Services
$224,388
$158,171 No related comp$66,217
Joseph Jutz
Foreman - Construction
$206,004
$165,356 No related comp$40,648
Brandi Adelmann
Human Resources Director
$200,532
$170,360 No related comp$30,172
Sarah Peterson
Vice President, Engineering
$188,262
$172,003 No related comp$16,259
Ryan Hentges
CEO - Through FEB 2023
$132,554
$124,410 No related comp$8,144
Randy Erdman
Vice President, Finance
$119,387
$118,539 No related comp$848
Joanne Kolb
CFO - Through March 2023
$97,265
$88,071 No related comp$9,194

Benchmark Employee Compensation

Non-Employee Board Members

Deborah Erickson
President
$22,220
$22,220 No related compNo other comp
Brent Lawrence
Director
$19,100
$19,100 No related compNo other comp
Thomas Wolf
Secretary and Treasurer
$18,635
$18,635 No related compNo other comp
Kevin Gibbs
Vice President
$18,410
$18,410 No related compNo other comp
Michelle Morrison
Director
$18,245
$18,245 No related compNo other comp
Gary Haberman
Director
$18,050
$18,050 No related compNo other comp
James Connelly
Director
$18,050
$18,050 No related compNo other comp
Elizabeth Krocak
Director
$13,550
$13,550 No related compNo other comp
Michael Lins
Director
$6,000
$6,000 No related compNo other comp
Frances Barten
Vice President (Retired)
$4,550
$4,550 No related compNo other comp
William Heinlein
Director (Retired)
$4,550
$4,550 No related compNo other comp

Contractors

Donlie Underground Inc.
Underground Line
$3,294,454
Carr's Tree Service Inc.
Tree Trimming and Spraying
$2,077,917
Usic Locating Services LLC
Underground Locating
$503,647
Power System Engineering Inc.
Engineering Consulting
$368,407
Highline Construction Inc.
Overhead/Underground Line
$311,454

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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