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Organizations Pkm Electric Cooperative Inc.

Pkm Electric Cooperative Inc.

Fiscal year ending 2024. Filed on September 9, 2025.

406 North Minnesota Street
Warren, Minnesota 56762

Pkm Electric Cooperative Inc. (EIN: 41-0484875) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Pkm Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 19 total employees. Among the employees shown here, the average compensation is $175,408. The highest compensated employee at Pkm Electric Cooperative Inc. is Jeffrey Rustad with fiscal year 2024 compensation of $216,202.

Revenue, expenses, and employee compensation

Revenue

$16,432,304

Expenses

$15,754,750

Employee compensation

$465,284
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeffrey Rustad
Chief Executive Officer
$216,202
$148,997 No related comp$67,205
Joe Marcotte
Operations Manager
$209,842
$116,954 No related comp$92,888
Chris Derosier
LINE Foreman/Safety Coordinator
$177,059
$107,029 No related comp$70,030
Scott Slusar
Line Foreman
$174,005
$130,883 No related comp$43,122
Karen Olson
Chief Financial Officer
$170,773
$121,435 No related comp$49,338
Ben Pahlen
LINE Sub-Foreman
$146,250
$110,287 No related comp$35,963
Caleb Novak
Journeyman Lineworker
$133,727
$114,291 No related comp$19,436

Benchmark Employee Compensation

Non-Employee Board Members

Mark Hatton
President
$12,800
$12,800 No related compNo other comp
Clifford Peterson
Vice President
$8,050
$8,050 No related compNo other comp
Blake Owens
Director
$7,800
$7,800 No related compNo other comp
Paul Aakre
Director
$7,550
$7,550 No related compNo other comp
Wayne Malm
Secretary and Treasurer
$7,050
$7,050 No related compNo other comp
Chris Mortenson
Director
$7,050
$7,050 No related compNo other comp
Jerred Copp
Director
$6,300
$6,300 No related compNo other comp
Steve Goodwin
Director
$6,050
$6,050 No related compNo other comp
Tom Woinarowicz
Director
$6,050
$6,050 No related compNo other comp

Contractors

Olson Underground
Underground Cable Installation
$715,411

Mission Statement

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

Revisions to this organization profile

September 9, 2025:
2024 Pkm Electric Cooperative Inc. 990 filed
October 4, 2024:
2023 Pkm Electric Cooperative Inc. 990 filed
September 27, 2023:
2022 Pkm Electric Cooperative Inc. 990 filed

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