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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 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
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sydney R Briggs
General Manager
$328,990
$243,147 No related comp$85,843
Jon P Stelter
Finance Manager
$290,435
$151,453 No related comp$138,982
Dan H Meier
Operations Manager
$237,569
$160,561 No related comp$77,008
Kevin A Kjersten
Line Foreman
$220,827
$154,333 No related comp$66,494
Steve E Nordahl
System Technician
$207,188
$143,980 No related comp$63,208
Jacob D Jablonski
Line Foreman
$202,187
$147,197 No related comp$54,990
Adam W Davis
Line Foreman
$201,917
$144,825 No related comp$57,092

Benchmark Employee Compensation

Non-Employee Board Members

Scott J Carlson
Acting Sec/Treas
$35,805
$35,805 No related compNo other comp
Rodney D Krell
President
$34,425
$34,425 No related compNo other comp
Dennis C Ringhofer
Director
$33,765
$33,765 No related compNo other comp
Ronald D Sommers
Secretary and Treasurer
$33,435
$33,435 No related compNo other comp
John R Beal
Director
$30,990
$30,990 No related compNo other comp
Gary W Wilson
Director
$30,840
$30,840 No related compNo other comp
Geraldine G Lienke
Director
$30,690
$30,690 No related compNo other comp
Patrick J Duchene
Vice President
$30,495
$30,495 No related compNo other comp
Neil R Schlaak
Director
$30,475
$30,475 No related compNo other comp

Contractors

Midwest Diversified Utilities LLC
Underground Line Contractor
$938,578
Carr's Tree Service Inc.
Tree Clearing
$648,542
Power System Engineering Inc.
Engineering
$152,306

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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