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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 2022. Filed on September 27, 2023.

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 2022 IRS Form 990 filing, Pkm Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 21 total employees. Among the employees shown here, the average compensation is $202,467. The highest compensated employee at Pkm Electric Cooperative Inc. is Mike Schmidt with fiscal year 2022 compensation of $239,252.

Revenue, expenses, and employee compensation

Revenue

$15,190,253

Expenses

$14,858,333

Employee compensation

$528,680
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mike Schmidt
Chief Executive Officer
$239,252
$195,293 No related comp$43,959
Joe Marcotte
Operations Manager
$233,995
$111,457 No related comp$122,538
Scott Slusar
LINE Foreman/Safety Coordinator
$215,997
$121,417 No related comp$94,580
Jeffrey Rustad
Manager Member Services
$186,114
$117,516 No related comp$68,598
Karen Olson
Chief Financial Officer
$136,978
$113,505 No related comp$23,473

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Olson Underground
Underground Cable Installation
$365,200

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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