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TRAVERSE ELECTRIC COOPERATIVE INC

EIN 41-0581955 WHEATON, MN

Browse the largest nonprofits in Minnesota

Revenue 2025
$16,224,971
Expenses 2025
$16,224,971

As filed

Subsection
12
Classification
4000
Street
6590 STATE HIGHWAY 27

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 AT THE LOWEST POSSIBLE RATES, CONSISTENT WITH SOUND BUSINESS PRINCIPLES.

Activities or mission (Part I)

AN ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICE TO MEMBERS AT THE LOWEST POSSIBLE COST.

  • SALES OF ELECTRIC POWER TO 2,273 MEMBERS WITH AN AVERAGE OF 3,399 ACTIVE ELECTRIC SERVICES.

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.

  • Doug Diekmann

    PRESIDENT

    Total calculated
    $6,375
    From this org
    $6,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4
  • Tom Frisch

    BOARD VICE PRESIDENT - MARCH 2025

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2
  • Terry Monson

    BOARD VICE PRESIDENT

    Total calculated
    $7,750
    From this org
    $7,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.97
  • Matthew Glynn

    BOARD SECRETARY

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Michael Marks

    BOARD TREASURER

    Total calculated
    $6,625
    From this org
    $6,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6
  • Stacy Ehlers

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Michael Gaulrapp

    DIRECTOR

    Total calculated
    $5,125
    From this org
    $5,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5
  • Bradley Rudolph

    DIRECTOR

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Jared Hamling

    DIRECTOR

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6
  • Kaley Thoennes

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7
  • Jeremy Huhnstock

    GENERAL MANAGER

    Total calculated
    $280,962
    From this org
    $212,430
    From related orgs
    $0
    Other
    $68,532
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,430
    Bonus
    $0
    Other
    $0
    Deferred
    $35,467
    Nontaxable benefits
    $33,065
    Filer's total
    $280,962
  • Dale Schwagel

    OPERATIONS MANAGER

    Total calculated
    $238,775
    From this org
    $133,219
    From related orgs
    $0
    Other
    $105,556
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $133,219
    Bonus
    $0
    Other
    $0
    Deferred
    $68,170
    Nontaxable benefits
    $37,386
    Filer's total
    $238,775
  • Tayden George

    JOURNEYMAN LINEWORKER

    Total calculated
    $128,015
    From this org
    $109,095
    From related orgs
    $0
    Other
    $18,920
    Hours/week
    44
  • Karen Lupkes

    OFFICE MANAGER

    Total calculated
    $225,909
    From this org
    $130,675
    From related orgs
    $0
    Other
    $95,234
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $130,675
    Bonus
    $0
    Other
    $0
    Deferred
    $57,532
    Nontaxable benefits
    $37,702
    Filer's total
    $225,909
  • Richard Davis

    JOURNEYMAN LINEWORKER

    Total calculated
    $199,559
    From this org
    $116,598
    From related orgs
    $0
    Other
    $82,961
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $116,598
    Bonus
    $0
    Other
    $0
    Deferred
    $48,903
    Nontaxable benefits
    $34,058
    Filer's total
    $199,559
  • Joseph Gahlon

    JOURNEYMAN LINEWORKER

    Total calculated
    $178,631
    From this org
    $115,431
    From related orgs
    $0
    Other
    $63,200
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $115,431
    Bonus
    $0
    Other
    $0
    Deferred
    $27,636
    Nontaxable benefits
    $35,564
    Filer's total
    $178,631

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
    $16,224,971
    Expenses
    $16,224,971
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $14,403,536
    Expenses
    $14,403,536
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $14,701,778
    Expenses
    $14,701,778
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $13,733,233
    Expenses
    $13,733,233
    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
    $12,647,897
    Expenses
    $12,647,897
    Assets (EOY)
    $32,279,504
  • 2020 · 990

    Revenue
    $12,189,793
    Expenses
    $12,189,793
    Assets (EOY)
    $28,006,928
  • 2019 · 990

    Revenue
    $12,208,256
    Expenses
    $12,208,256
    Assets (EOY)
    $27,652,439
  • 2018 · 990

    Revenue
    $12,312,704
    Expenses
    $12,312,704
    Assets (EOY)
    $27,311,439
  • 2017 · 990

    Revenue
    $11,045,925
    Expenses
    $11,045,925
    Assets (EOY)
    $24,079,467
  • 2016 · 990

    Revenue
    $10,453,885
    Expenses
    $10,453,882
    Assets (EOY)
    $24,901,670
  • 2015 · 990

    Revenue
    $9,656,553
    Expenses
    $9,656,555
    Assets (EOY)
    $23,717,656
  • 2014 · 990

    Revenue
    $9,742,241
    Expenses
    $8,588,865
    Assets (EOY)
    $23,658,135
  • 2013 · 990

    Revenue
    $9,228,577
    Expenses
    $8,254,254
    Assets (EOY)
    $22,681,959
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $7,022,097
    Assets (EOY)
    $21,858,967

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 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 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.