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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 People's Cooperative Services

People's Cooperative Services

Fiscal year ending 2022. Filed on October 10, 2023.

1775 Lake Shady Avenue South
Oronoco, Minnesota 55960

People's Cooperative Services (EIN: 41-0473341), also known as People's Energy Cooperative, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, People's Cooperative Services, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 73 total employees. Among the employees shown here, the average compensation is $218,572. The highest compensated employee at People's Cooperative Services is Michael J Henke with fiscal year 2022 compensation of $373,989.

Revenue, expenses, and employee compensation

Revenue

$57,980,247

Expenses

$53,763,724

Employee compensation

$681,092
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Henke
President and Chief Executive Officer
$373,989
$233,389 No related comp$140,600
Michelle Olson
Member Services Director
$210,774
$128,987 No related comp$81,787
Patrick Nelson
Director of Engineering and Operations
$210,016
$144,295 No related comp$65,721
Gwen Stevens
Relations
$209,473
$127,474 No related comp$81,999
Anthony Stern
Chief Financial Officer
$180,509
$134,131 No related comp$46,378
Tyler Steinbrink
Lineworker
$180,431
$134,513 No related comp$45,918
Gary Fitterer
Engineering Director
$164,810
$130,703 No related comp$34,107

Benchmark Employee Compensation

Non-Employee Board Members

Tracy Lauritzen
Secretary and Treasurer
$21,825
$21,825 No related compNo other comp
Jodie Tvedt
Director
$21,375
$21,375 No related compNo other comp
Jerome Wooner
Board Chair
$18,900
$18,900 No related compNo other comp
Art Friedrich
Vice Chair
$18,500
$18,500 No related compNo other comp
Jeffery Orth
Director
$16,375
$16,375 No related compNo other comp
Robert J Hoefs
Director
$15,425
$15,425 No related compNo other comp
Jonathan Kroening
Director (Started March 2022)
$14,976
$14,976 No related compNo other comp
Joe Book
Director (Through March 2022)
$3,999
$3,999 No related compNo other comp

Contractors

New Age Tree Service of MN Inc.
Tree Clearing
$1,380,425
Mastec Network Solutions LLC
Line Construction
$1,347,680
Highline Construction Inc.
Line Construction
$1,095,158
Carr's Tree Service Inc.
Tree Clearing
$909,523
Mj Electric LLC
Line Construction
$650,335

Mission Statement

TO DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE.

Revisions to this organization profile

October 31, 2025:
2024 People's Cooperative Services 990 filed
October 29, 2024:
2023 People's Cooperative Services 990 filed
October 10, 2023:
2022 People's Cooperative Services 990 filed

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Other organizations also named People's Cooperative Services

People's Cooperative Services Trust
Oronoco, Minnesota