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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 Steele-Waseca Cooperative Electric

Steele-Waseca Cooperative Electric

Fiscal year ending 2022. Filed on November 2, 2023.

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 2022 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 34 total employees. Among the employees shown here, the average compensation is $220,012. The highest compensated employee at Steele-Waseca Cooperative Electric is Sydney Briggs with fiscal year 2022 compensation of $350,517.

Revenue, expenses, and employee compensation

Revenue

$39,111,435

Expenses

$39,111,435

Employee compensation

$1,015,153
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sydney Briggs
General Manager
$350,517
$223,432 No related comp$127,085
Dan Meier
Operations Manager
$249,613
$142,640 No related comp$106,973
Jon Stelter
Finance Manager
$242,871
$145,554 No related comp$97,317
Steve Nordahl
System Technician
$198,619
$133,669 No related comp$64,950
David Lundberg
Finance Manager
$170,003
$150,588 No related comp$19,415
Collin Wencl
LINE Technician
$167,065
$131,422 No related comp$35,643
Chad Henderson
Line Foreman
$161,396
$131,847 No related comp$29,549

Benchmark Employee Compensation

Non-Employee Board Members

Dennis Ringhofer
Director
$30,985
$30,985 No related compNo other comp
Gary Wilson
President
$30,205
$30,205 No related compNo other comp
Rodney Krell
Secretary and Treasurer
$29,705
$29,705 No related compNo other comp
Geraldine Lienke
Director
$29,400
$29,400 No related compNo other comp
John Beal
Vice President
$29,140
$29,140 No related compNo other comp
Patrick Duchene
Director
$28,705
$28,705 No related compNo other comp
Ronald Sommers
Acting Secretary/Treasurer
$28,380
$28,380 No related compNo other comp
Duane Edwardson
Director
$25,920
$25,920 No related compNo other comp
Renee Malecha
Director
$19,320
$19,320 No related compNo other comp

Contractors

Midwest Diversified Utilities LLC
Underground Line Contractor
$722,925
Carr's Tree Service Inc.
Tree Clearing
$580,274
P&R Construction LLC
Substation Construction
$114,435

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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