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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 2022. Filed on August 2, 2023.

1618 Broadway 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 2022 IRS Form 990 filing, Traverse Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 16 total employees. Among the employees shown here, the average compensation is $201,774. The highest compensated employee at Traverse Electric Cooperative Inc. is Joel Janorschke with fiscal year 2022 compensation of $296,079.

Revenue, expenses, and employee compensation

Revenue

$13,733,233

Expenses

$13,733,233

Employee compensation

$540,975
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joel Janorschke
General Manager - PART YEAR
$296,079
$198,299 No related comp$97,780
Dale Schwagel
Operations Manager/Interim GM
$203,396
$116,220 No related comp$87,176
Karen Lupkes
Office Manager
$198,340
$113,603 No related comp$84,737
Richard Davis
Lineman-Foreman
$163,176
$101,180 No related comp$61,996
Colden Helberg
Journeyman Lineman
$147,881
$105,187 No related comp$42,694

Benchmark Employee Compensation

Non-Employee Board Members

Terry Monson
Director
$6,063
$6,063 No related compNo other comp
Michael Marks
Treasurer and Director
$5,750
$5,750 No related compNo other comp
Bradley Rudolph
Director
$4,750
$4,750 No related compNo other comp
Douglas Diekmann
President
$4,500
$4,500 No related compNo other comp
Mark Pearson
Secretary
$4,375
$4,375 No related compNo other comp
Matthew Glynn
Director
$4,188
$4,188 No related compNo other comp
Tom Frisch
Vice President and Director
$3,875
$3,875 No related compNo other comp
Michael Gaulrapp
Director
$3,750
$3,750 No related compNo other comp
Stacy Ehlers
Director
$2,625
$2,625 No related compNo other comp
Russell Armstrong
Vice President (Part-Year)
$1,625
$1,625 No related compNo other comp

Contractors

Cooperative Building Solutions
New Headquarts Facility Planning and Con
$4,994,337
Star Energy Services
Contracted Engineering IT Safety Servi
$270,867
Carr's Tree Service Inc.
Contracted Tree Trimming
$132,150

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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