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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 2023. Filed on October 29, 2024.

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 2023 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 $216,893. The highest compensated employee at People's Cooperative Services is Michael J Henke with fiscal year 2023 compensation of $394,793.

Revenue, expenses, and employee compensation

Revenue

$55,571,089

Expenses

$55,304,121

Employee compensation

$634,214
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael J Henke
President and Chief Executive Officer
$394,793
$258,679 No related comp$136,114
Gwen Stevens
Director of Cooperative Relations
$218,360
$144,163 No related comp$74,197
Michelle Olson
Member Services Director
$215,807
$142,343 No related comp$73,464
Patrick Nelson
Director of ENGR and Operations (Termed 10/13/23)
$203,822
$152,426 No related comp$51,396
Tyler Steinbrink
Lineworker
$201,308
$151,219 No related comp$50,089
Brian Ideker
LEAD Lineworker
$157,226
$126,226 No related comp$31,000
Dody Wubker
CFO (NEW 5/22/23)
$126,932
$89,050 No related comp$37,882

Benchmark Employee Compensation

Non-Employee Board Members

Tracy Lauritzen
Secretary and Treasurer
$27,475
$27,475 No related compNo other comp
Jodie Tvedt
Board Vice Chair
$20,600
$20,600 No related compNo other comp
Jerome Wooner
Board Chair
$19,600
$19,600 No related compNo other comp
Art Friedrich
Director
$17,550
$17,550 No related compNo other comp
John D Winter
Director (NEW 3/23/23)
$16,933
$16,933 No related compNo other comp
Jeffery Orth
Director
$16,175
$16,175 No related compNo other comp
Jonathan Kroening
Director
$16,050
$16,050 No related compNo other comp
Robert J Hoefs
Director (Retired 3/23/23)
$4,642
$4,642 No related compNo other comp

Contractors

New Age Tree Service of MN Inc.
Tree Clearing
$1,469,935
Highline Construction Inc.
Line Construction
$939,877
Mastec Network Solutions LLC
Line Construction
$805,890
E & J Underground LLC
Line Construction
$716,098
Carr's Tree Service Inc.
Tree Clearing
$617,325

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