Runestone Electric Association

Fiscal year ending 2024. Filed on July 31, 2025.

6839 Power Lane SW
Alexandria, Minnesota 56308

Runestone Electric Association (EIN: 41-0223597) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Runestone Electric Association, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 41 total employees. Among the employees shown here, the average compensation is $235,133. The highest compensated employee at Runestone Electric Association is Alan Haman with fiscal year 2024 compensation of $441,834.

Revenue, expenses, and employee compensation

Revenue

$33,444,294

Expenses

$33,444,294

Employee compensation

$2,884,206
Revenue, expenses, and employee compensation over time

Mission Statement

To serve our members with safe, reliable, and affordable electricity.

Revisions to this organization profile

July 31, 2025:
Amended 2024 Runestone Electric Association 990 filed
May 13, 2024:
2023 Runestone Electric Association 990 filed
May 10, 2023:
2022 Runestone Electric Association 990 filed

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