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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 Traverse Electric Cooperative Inc.

Traverse Electric Cooperative Inc.

Fiscal year ending 2024. Filed on October 22, 2025.

6590 St Hwy 27 PO Box 66
Wheaton, Minnesota 56296

Traverse Electric Cooperative Inc. (EIN: 41-0581955) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Traverse Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 18 total employees. Among the employees shown here, the average compensation is $188,117. The highest compensated employee at Traverse Electric Cooperative Inc. is Jeremy Huhnstock with fiscal year 2024 compensation of $276,790.

Revenue, expenses, and employee compensation

Revenue

$14,403,536

Expenses

$14,403,536

Employee compensation

$326,915
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeremy Huhnstock
General Manager
$276,790
$195,576 No related comp$81,214
Dale Schwagel
Operations Manager
$190,762
$126,721 No related comp$64,041
Karen Lupkes
Office Manager
$188,144
$124,356 No related comp$63,788
Richard Davis
Journey Lineworker/Line Foreman
$162,574
$108,218 No related comp$54,356
Joseph Gahlon
Journey Lineworker
$155,925
$101,314 No related comp$54,611
Lonnie Tekrony
Journey Lineworker
$154,507
$101,371 No related comp$53,136

Benchmark Employee Compensation

Non-Employee Board Members

Michael Marks
Treasurer
$7,875
$7,875 No related compNo other comp
Terry Monson
Director
$6,875
$6,875 No related compNo other comp
Michael Gaulrapp
Director
$6,250
$6,250 No related compNo other comp
Matthew Glynn
Secretary
$5,750
$5,750 No related compNo other comp
Doug Diekmann
President
$5,250
$5,250 No related compNo other comp
Jared Hamling
Director
$5,000
$5,000 No related compNo other comp
Stacy Ehlers
Director
$4,875
$4,875 No related compNo other comp
Bradley Rudolph
Director
$4,875
$4,875 No related compNo other comp
Tom Frisch
Vice President
$3,375
$3,375 No related compNo other comp

Contractors

Star Energy Services LLC
Safety and IT Engineering Mappi
$200,955
Integrity Contracting Inc.
Contracted Line Construction and Boring
$200,272
Carr's Tree Service Inc.
Contracted Tree Trimming
$198,312

Mission Statement

TO PROVIDE ELECTRIC SERVICE AT THE LOWEST POSSIBLE RATES, CONSISTENT WITH SOUND BUSINESS PRINCIPLES.

Revisions to this organization profile

October 22, 2025:
2024 Traverse Electric Cooperative Inc. 990 filed
October 1, 2024:
2023 Traverse Electric Cooperative Inc. 990 filed
August 2, 2023:
2022 Traverse Electric Cooperative Inc. 990 filed

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