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Nonprofiteer
← KANDIYOHI POWER COOPERATIVE

Form 990 for tax year 2024

Filed by KANDIYOHI POWER COOPERATIVE.

Totals

Total revenue
$23,791,639
Total expenses
$23,754,534
Contributions and grants received
$0
Grants paid
$17,329
Program service revenue
$23,103,404
Investment income
$95,501
Other revenue
$592,734
Total assets, end of year
$76,130,838
Total liabilities, end of year
$39,838,277
Net assets or fund balances, end of year
$36,292,561
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • DALE ANDERSON

    CHAIR

    Total calculated
    $9,530
    From this org
    $9,530
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.85

  • LARRY POWERS

    DIRECTOR

    Total calculated
    $9,455
    From this org
    $9,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.76

  • STANLEY WUBBEN

    SECRETARY

    Total calculated
    $9,180
    From this org
    $9,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.81

  • TODD POST

    VICE CHAIR

    Total calculated
    $9,055
    From this org
    $9,055
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.52

  • KELLY ERICKSON

    DIRECTOR

    Total calculated
    $8,955
    From this org
    $8,955
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.29

  • ROLLO CAMPE

    DIRECTOR

    Total calculated
    $8,205
    From this org
    $8,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.65

  • DARRELL FOSTERVOLD

    DIRECTOR

    Total calculated
    $8,080
    From this org
    $8,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.37

  • DIANE HELGESON

    DIRECTOR

    Total calculated
    $8,080
    From this org
    $8,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.53

  • DAN POMRANKE

    DIRECTOR

    Total calculated
    $7,455
    From this org
    $7,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.96

  • RYAN NELSON

    CEO

    Total calculated
    $280,187
    From this org
    $223,437
    From related orgs
    $0
    Other
    $56,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,437
    Bonus
    $0
    Other
    $0
    Deferred
    $40,700
    Nontaxable benefits
    $17,256
    Filer's total
    $281,393

  • PATRICK KRUEGER

    CFO

    Total calculated
    $214,284
    From this org
    $164,449
    From related orgs
    $0
    Other
    $49,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,308
    Bonus
    $0
    Other
    $7,141
    Deferred
    $33,701
    Nontaxable benefits
    $17,142
    Filer's total
    $215,292

  • CASEY JENNY

    JOURNEYMAN LINE TECH IN-CHARGE

    Total calculated
    $168,189
    From this org
    $131,025
    From related orgs
    $0
    Other
    $37,164
    Hours/week
    45.11

    Schedule J breakdown matched by us

    Base
    $131,025
    Bonus
    $0
    Other
    $0
    Deferred
    $15,113
    Nontaxable benefits
    $22,288
    Filer's total
    $168,426

  • MICHAEL MARCUS

    JOURNEYMAN LINE TECH IN-CHARGE

    Total calculated
    $164,476
    From this org
    $127,157
    From related orgs
    $0
    Other
    $37,319
    Hours/week
    44.74

    Schedule J breakdown matched by us

    Base
    $127,157
    Bonus
    $0
    Other
    $0
    Deferred
    $15,267
    Nontaxable benefits
    $22,288
    Filer's total
    $164,712

  • DUSTIN WELZ

    JOURNEYMAN LINE TECH IN-CHARGE

    Total calculated
    $152,113
    From this org
    $120,731
    From related orgs
    $0
    Other
    $31,382
    Hours/week
    43.11

    Schedule J breakdown matched by us

    Base
    $120,731
    Bonus
    $0
    Other
    $0
    Deferred
    $15,620
    Nontaxable benefits
    $15,998
    Filer's total
    $152,349

  • TROY MEAD

    LINE FOREMAN

    Total calculated
    $155,879
    From this org
    $116,913
    From related orgs
    $0
    Other
    $38,966
    Hours/week
    41.93

    Schedule J breakdown matched by us

    Base
    $116,913
    Bonus
    $0
    Other
    $0
    Deferred
    $16,926
    Nontaxable benefits
    $22,289
    Filer's total
    $156,128

  • BRENT HATLESTAD

    LINE SUPERINTENDENT

    Total calculated
    $163,823
    From this org
    $124,418
    From related orgs
    $0
    Other
    $39,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,487
    Bonus
    $5,000
    Other
    $9,931
    Deferred
    $23,307
    Nontaxable benefits
    $16,824
    Filer's total
    $164,549

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • KPC HOLDINGS INC

    C · HOLDING COMPANY · MN · 100% owned · share of income $131,682 · share of assets $1,027,651 · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202522979349301622

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