Steele-Waseca Cooperative Electric

Fiscal year ending 2024. Filed on September 16, 2025.

2411 West Bridge Street PO Box 485
Owatonna, Minnesota 55060

Steele-Waseca Cooperative Electric (EIN: 41-0558515) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Steele-Waseca Cooperative Electric, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 33 total employees. Among the employees shown here, the average compensation is $241,302. The highest compensated employee at Steele-Waseca Cooperative Electric is Sydney R Briggs with fiscal year 2024 compensation of $328,990.

Revenue, expenses, and employee compensation

Revenue

$45,031,382

Expenses

$45,031,382

Employee compensation

$910,345

Reported Compensated Employees

Sydney R Briggs

General Manager

$243,147 from orgNo related comp$85,843 other

Finance Manager

$151,453 from orgNo related comp$138,982 other

Operations Manager

$160,561 from orgNo related comp$77,008 other

Kevin A Kjersten

$154,333 from orgNo related comp$66,494 other

Steve E Nordahl

System Technician

$143,980 from orgNo related comp$63,208 other

Jacob D Jablonski

$147,197 from orgNo related comp$54,990 other

$144,825 from orgNo related comp$57,092 other

Non-Employee Board Members

Scott J Carlson

Acting Sec/Treas

$35,805 from orgNo related compNo other comp

$34,425 from orgNo related compNo other comp

Dennis C Ringhofer

$33,765 from orgNo related compNo other comp

Ronald D Sommers

Secretary and Treasurer

$33,435 from orgNo related compNo other comp

$30,990 from orgNo related compNo other comp

$30,840 from orgNo related compNo other comp

Geraldine G Lienke

$30,690 from orgNo related compNo other comp

Patrick J Duchene

$30,495 from orgNo related compNo other comp

$30,475 from orgNo related compNo other comp

Contractors

Midwest Diversified Utilities LLC

Underground Line Contractor

Carr's Tree Service Inc.

Power System Engineering Inc.

Mission Statement

THE MISSION OF STEELE-WASECA COOPERATIVE ELECTRIC IS TO PROVIDE COMPETITIVE, RELIABLE QUALITY SERVICE TO OUR MEMBERSHIP.

Revisions to this organization profile

September 16, 2025:

2024 Steele-Waseca Cooperative Electric 990 filed

November 8, 2024:

2023 Steele-Waseca Cooperative Electric 990 filed

November 2, 2023:

2022 Steele-Waseca Cooperative Electric 990 filed

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