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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 Pkm Electric Cooperative Inc.

Pkm Electric Cooperative Inc.

Fiscal year ending 2019. Filed on November 12, 2020.

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 2019 IRS Form 990 filing, Pkm Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 4 out of 20 total employees. Among the employees shown here, the average compensation is $182,476. The highest compensated employee at Pkm Electric Cooperative Inc. is Mike Schmidt with fiscal year 2019 compensation of $218,627.

Revenue, expenses, and employee compensation

Revenue

$15,433,899

Expenses

$15,118,132

Employee compensation

$426,729
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mike Schmidt
Chief Executive Officer
$218,627
$138,667 No related comp$79,960
Karen Olson
Chief Financial Officer
$199,565
$92,595 No related comp$106,970
Richard Bye
Operations Manager
$164,469
$102,239 No related comp$62,230
Jeffrey Rustad
Member Services Manager
$147,244
$102,731 No related comp$44,513

Benchmark Employee Compensation

Non-Employee Board Members

Mark Hatton
Director
$9,750
$9,750 No related compNo other comp
Tom Woinarowicz
President
$8,250
$8,250 No related compNo other comp
Blake Owens
Director
$7,750
$7,750 No related compNo other comp
Chris Mortenson
Director
$7,250
$7,250 No related compNo other comp
Wayne Malm
Secretary and Treasurer
$7,250
$7,250 No related compNo other comp
Mike Beaudry
Vice President
$7,000
$7,000 No related compNo other comp
Paul Aakre
Director
$6,750
$6,750 No related compNo other comp
Steve Goodwin
Director
$5,500
$5,500 No related compNo other comp
Jeff Folland
Director
$5,000
$5,000 No related compNo other comp

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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