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P K M ELECTRIC COOPERATIVE INC

EIN 41-0484875 WARREN, MN

Largest nonprofits in Minnesota

Revenue 2025
$17,607,293
Expenses 2025
$17,216,224

As filed

Subsection
12
Classification
4000
Street
406 NORTH MINNESOTA

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS

  • PROVIDE ELECTRIC SERVICE TO 2,839 MEMBERS

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Mark Hatton

    PRESIDENT

    Total calculated
    $14,750
    From this org
    $14,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Clifford Peterson

    VICE PRESIDENT

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Wayne Malm

    SECRETARY TREASURER

    Total calculated
    $6,850
    From this org
    $6,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Tom Woinarowicz

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Steve Goodwin

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Blake Owens

    DIRECTOR

    Total calculated
    $7,975
    From this org
    $7,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Paul Aakre

    DIRECTOR

    Total calculated
    $10,450
    From this org
    $10,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Chris Mortenson

    DIRECTOR

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Jerred Copp

    DIRECTOR

    Total calculated
    $6,875
    From this org
    $6,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Jeffrey Rustad

    CEO

    Total calculated
    $243,794
    From this org
    $154,424
    From related orgs
    $0
    Other
    $89,370
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,424
    Bonus
    $0
    Other
    $0
    Deferred
    $75,242
    Nontaxable benefits
    $15,399
    Filer's total
    $245,065
  • Karen Olson

    CFO

    Total calculated
    $189,560
    From this org
    $126,416
    From related orgs
    $0
    Other
    $63,144
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,416
    Bonus
    $0
    Other
    $0
    Deferred
    $48,442
    Nontaxable benefits
    $15,876
    Filer's total
    $190,734
  • Joe Marcotte

    OPERATIONS MANAGER

    Total calculated
    $215,881
    From this org
    $119,157
    From related orgs
    $0
    Other
    $96,724
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,157
    Bonus
    $0
    Other
    $0
    Deferred
    $71,432
    Nontaxable benefits
    $26,404
    Filer's total
    $216,993
  • Chris Derosier

    LINE FOREMAN/SAFETY COORDI

    Total calculated
    $204,406
    From this org
    $117,423
    From related orgs
    $0
    Other
    $86,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,423
    Bonus
    $0
    Other
    $0
    Deferred
    $62,231
    Nontaxable benefits
    $25,760
    Filer's total
    $205,414
  • Ben Pahlen

    LINE SUB-FOREMAN

    Total calculated
    $166,228
    From this org
    $114,239
    From related orgs
    $0
    Other
    $51,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,239
    Bonus
    $0
    Other
    $0
    Deferred
    $26,867
    Nontaxable benefits
    $26,108
    Filer's total
    $167,214
  • Nolan Buchner

    JOURNEYMAN LINEWORKER

    Total calculated
    $177,110
    From this org
    $108,932
    From related orgs
    $0
    Other
    $68,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,932
    Bonus
    $0
    Other
    $0
    Deferred
    $38,169
    Nontaxable benefits
    $30,967
    Filer's total
    $178,068
  • Scott Slusar

    LINE FOREMAN

    Total calculated
    $180,737
    From this org
    $127,443
    From related orgs
    $0
    Other
    $53,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,443
    Bonus
    $0
    Other
    $0
    Deferred
    $41,313
    Nontaxable benefits
    $12,988
    Filer's total
    $181,744

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $17,607,293
    Expenses
    $17,216,224
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $15,284,496
    Expenses
    $15,094,578
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $15,190,253
    Expenses
    $14,858,333
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $14,516,004
    Expenses
    $13,757,347
    Assets (EOY)
    $34,625,055
  • 2020 · 990

    Revenue
    $15,210,319
    Expenses
    $14,675,808
    Assets (EOY)
    $33,297,526
  • 2019 · 990

    Revenue
    $15,433,899
    Expenses
    $15,118,132
    Assets (EOY)
    $31,051,007
  • 2018 · 990

    Revenue
    $14,814,247
    Expenses
    $14,612,004
    Assets (EOY)
    $29,572,203
  • 2017 · 990

    Revenue
    $14,505,345
    Expenses
    $14,266,455
    Assets (EOY)
    $29,999,346
  • 2016 · 990

    Revenue
    $15,105,955
    Expenses
    $14,814,452
    Assets (EOY)
    $28,938,692
  • 2015 · 990

    Revenue
    $13,782,571
    Expenses
    $13,841,849
    Assets (EOY)
    $27,722,614
  • 2014 · 990

    Revenue
    $14,727,514
    Expenses
    $14,426,237
    Assets (EOY)
    $28,178,248
  • 2013 · 990

    Revenue
    $12,700,685
    Expenses
    $12,617,653
    Assets (EOY)
    $27,215,453
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $12,065,023
    Assets (EOY)
    $27,356,878

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.