Lake Region Electric Cooperative
EIN 410363020 · 501(c)(12) · Public charity · Pel Rapids, MN · recognized 1938
- Assets
- $156M
- Revenue
- $59.5M
- Expenses
- $57.7M
- Investment income
- $702K
Form 990 fiscal year ended 12/31/2024
Investment managers
Advisory firms linked via Form 990 Part VII independent contractors.
No linked investment managers yet.
Highest-paid contractors
Form 990 Part VII-B, independent contractors paid over $100k.
| Contractor | Services | Compensation |
|---|---|---|
| Carr's Tree Service Inc | Tree clearing | $2,235,311 |
| Highline Construction Inc | Poles, work order, outage restoration | $528,018 |
| Arvig Construction Inc | Plowing/boring/contract work for plant | $416,480 |
| Mvm Contracting Inc | Plowing/boring for underground cable | $196,276 |
| Ripley's Inc | Plowing/boring for underground cable | $169,055 |
Officers & directors
Form 990 Part VII-A for the latest fiscal year.
| Name | Title | Compensation | Other |
|---|---|---|---|
| Tim Thompson | Ceo | $345,442 | $165,915 |
| Al Fazio | Vice president of engineering/operatings | $174,327 | $93,825 |
| Dylan Aafedt | Vice president of business solutions | $165,539 | $27,987 |
| Amanda Fuller | Vice president of finance/cfo | $161,241 | $27,609 |
| Phillip Bollingberg | Journeyman lineworker | $141,002 | $45,194 |
| Donald Hanson | Lead journeyman lineworker | $140,764 | $61,396 |
| Erik Olson | Journeyman lineworker | $138,720 | $44,014 |
| Kyle Jensen | Lead journeyman lineworker | $138,079 | $43,116 |
| Kurt Krueger | Vice chair | $15,640 | $0 |
| Thomas Jennen | Chairman | $14,700 | $0 |
| Cecil Hensel | Secretary/treasurer | $14,280 | $0 |
| Jim Gronbeck | Director | $13,760 | $0 |
| Charlie Blixt | Director | $12,120 | $0 |
| Gary Olson | Director | $11,080 | $0 |
| Lee Mindemann | Director (joined 4/25/24) | $10,830 | $0 |
| Michael Brasel | Director | $9,580 | $0 |
| Patrick Meyers | Director | $9,540 | $0 |
| Earl Rydell | Director (termed 4/25/24) | $4,130 | $0 |