Connexus Energy

Ramsey, MN
Tax-exempt since Dec. 1937
EIN: 41-0128105

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$261M (2023)

Expenses

$261M (2023)

Total Assets

$496M (2023)

Total Liabilities

$273M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$260,909,344

Expenses

$260,909,344

Net Income

Net Assets

$222,861,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$257,779,873	98.8%
Investment Income	$1,710,311	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$335,072	0.1%
Net Fundraising	$0
Sales of Assets	$476,757	0.2%
Net Inventory Sales	$0
Other Revenue	$607,331	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,556,651	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,244,867	7.4%

Assets/Debt
Total Assets	$496,063,364
Total Liabilities	$273,202,334
Net Assets	$222,861,030

Club or Co-Op Income
Income From Members	$260,622,858
Income From Other Sources	$17,260,658

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$979,519	$0	$86,831
Yan Paul Martinez (Vp/Cfo)	$344,429	$0	$71,937
Brian Burandt (Vp Power Supply/Bus. Development)	$311,133	$0	$67,165
Mark Koplin (Vp Technology)	$277,150	$0	$84,077
Nick Loehlein (Vp Electric Operations)	$272,342	$0	$89,386
Linda Maegi (Vp Employee Services)	$253,993	$0	$63,349
Scott Johnson (Crew Lead Lineworker)	$240,556	$0	$64,191
Michael Kenning (Lead Lineworker)	$221,277	$0	$54,563
Alison Miles (Vp Member Services)	$215,131	$0	$57,396
Jared Rolstad (Lead Lineworker)	$211,069	$0	$32,955
Leon Richter (Lead Lineworker)	$208,014	$0	$61,716
Blayne Nelson (Lead Lineworker)	$198,395	$0	$37,616
Fran Bator (Chair)	$53,567	$0	$0
Shelly Peterson (Secretary/Treasurer)	$46,751	$0	$0
Michael Cady (Asst. Secretary/Treasurer)	$46,691	$0	$0
Kenneth Fiereck (Director)	$46,531	$0	$0
Richard Braastad (Director)	$46,531	$0	$0
Mike Thews (Director From 04/23)	$31,021	$0	$0
Gordon Westerlind (Director)	$27,531	$0	$19,000
Mark Ethen (Vice Chair)	$24,198	$0	$22,333
Donald Holl (Director Until 04/23)	$5,760	$0	$9,750

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990

Filed on Sept. 20, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$266,851,245

Expenses

$266,851,245

Net Income

Net Assets

$220,732,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$266,338,228	99.8%
Investment Income	$366,211	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$339,889	0.1%
Net Fundraising	$0
Sales of Assets	-$245,649
Net Inventory Sales	$0
Other Revenue	$52,566	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,566,759	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,664,057	6.6%

Assets/Debt
Total Assets	$491,977,657
Total Liabilities	$271,244,822
Net Assets	$220,732,835

Club or Co-Op Income
Income From Members	$265,850,605
Income From Other Sources	$8,721,168

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$830,967	$0	$58,762
Yan Paul Martinez (Vp/Cfo)	$359,052	$0	$62,427
Brian Burandt (Vp Power Supply/Bus. Development)	$348,072	$0	$61,919
Don Haller (Vp Member Services Until 02/2022)	$280,190	$0	$31,495
Mark Koplin (Vp Technology)	$265,234	$0	$58,343
Nick Loehlein (Vp Electric Operations)	$259,318	$0	$62,449
Linda Maegi (Vp Employee Services)	$231,893	$0	$58,064
Scott Johnson (Crew Lead Lineworker)	$215,727	$0	$58,888
Tessa Haagenson (Director Power Supply/Bus Development)	$209,786	$0	$27,925
Michael Kenning (Lead Lineworker)	$200,560	$0	$48,475
Michael Rimolde (Lead Lineworker)	$195,783	$0	$54,640
Greg Groenjes (Director Electric Operations)	$193,492	$0	$29,838
Alison Miles (Vp Member Services From 04/2022)	$172,345	$0	$48,191
Fran Bator (Chair)	$51,409	$0	$0
Shelly Peterson (Director/Sec Treas From 04/2022)	$46,671	$0	$0
Michael Cady (Asst. Secretary & Treasurer)	$46,551	$0	$0
Kenneth Fiereck (Director)	$32,531	$0	$14,000
Richard Braastad (Director From 04/2022)	$31,021	$0	$0
Gordon Westerlind (Sec Treas/ Director From 04/2022)	$27,611	$0	$19,000
Mark Ethen (Vice Chair)	$26,056	$0	$20,500
Donald Holl (Director)	$26,031	$0	$20,500
Peter Wojciechowski (Director Until 04/2022)	$15,510	$0	$0

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990

Filed on Sept. 25, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$273,978,610

Expenses

$273,978,610

Net Income

Net Assets

$219,732,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$271,138,164	99.0%
Investment Income	$367,922	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$335,398	0.1%
Net Fundraising	$0
Sales of Assets	$1,723,003	0.6%
Net Inventory Sales	$0
Other Revenue	$414,123	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,088,822	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,550,045	6.0%

Assets/Debt
Total Assets	$473,343,536
Total Liabilities	$253,610,617
Net Assets	$219,732,919

Club or Co-Op Income
Income From Members	$269,726,502
Income From Other Sources	$14,754,568

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$762,327	$0	$56,476
Michael Bash (Staff Executive Until 01/2021)	$486,759	$0	$35,419
Brian Burandt (Vp Power Supply/Bus. Devel.)	$273,889	$0	$58,959
Yan Paul Martinez (Vp/Cfo)	$263,621	$0	$43,993
Don Haller (Vp Member Services)	$256,316	$0	$67,400
Mark Koplin (Vp Technology)	$249,859	$0	$52,606
Nick Loehlein (Vp Electric Operations)	$231,756	$0	$62,594
Nancy Basara (Controller)	$210,801	$0	$55,583
Linda Maegi (Vp Employee Services From 01/2021)	$196,306	$0	$52,079
Derek Groebner (Journey Lineman)	$183,925	$0	$30,626
Jared Newton (Manager Engineering/Sys. Operations)	$176,608	$0	$48,885
Jeff Hendrickson (Manager Finance)	$169,337	$0	$44,476
Peter Miller (Vp Human Res/Staff Exec Until 3/2021)	$117,954	$0	$19,887
Fran Bator (Chair)	$51,484	$0	$0
Peter Wojciechowski (Asst. Secretary & Treasurer/Director)	$46,551	$0	$0
Michael Cady (Director/Asst. Secretary & Treasurer)	$46,531	$0	$0
Shelly Peterson (Director)	$46,531	$0	$0
Kenneth Fiereck (Director)	$42,031	$0	$4,500
Gordon Westerlind (Secretary/Treasurer)	$27,751	$0	$19,000
Donald Holl (Director)	$27,141	$0	$19,500
Mark Ethen (Vice Chair)	$27,031	$0	$19,500

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990

Filed on Oct. 4, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$255,163,109

Expenses

$255,163,109

Net Income

Net Assets

$212,662,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$253,869,150	99.5%
Investment Income	$375,497	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$343,919	0.1%
Net Fundraising	$0
Sales of Assets	$287,856	0.1%
Net Inventory Sales	$0
Other Revenue	$286,687	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,630,308	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,289,715	6.4%

Assets/Debt
Total Assets	$462,654,743
Total Liabilities	$249,992,727
Net Assets	$212,662,016

Club or Co-Op Income
Income From Members	$252,028,202
Income From Other Sources	$9,543,814

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$769,443	$0	$54,202
Michael Bash (Vp,Cfo Until 10/2020)	$448,215	$0	$132,028
Peter Miller (Vp,Human Resources)	$312,174	$0	$86,318
Matt Yseth (Vp,Electric Operations Until 09/2020)	$310,970	$0	$70,811
Don Haller (Vp, Member Services)	$271,115	$0	$68,410
Brian Burandt (Vp, Power Supply And Bus.)	$268,891	$0	$56,312
Mark Koplin (Vp, Technology)	$254,810	$0	$50,252
Nancy Basara (Controller)	$217,991	$0	$55,364
Nick Loehlein (Vp, Electric Operations From 09/2020)	$207,263	$0	$56,649
Greg Groenjes (Manager Construction & Maintenance)	$191,164	$0	$28,842
Dustin Jude (Crew Leader)	$182,176	$0	$56,007
Jeff Hendrickson (Manager Finance)	$175,274	$0	$50,139
Scott Johnson (Lead Lineman)	$172,613	$0	$51,131
Yan Paul Martinez (Vp,Cfo From 10/2020)	$52,993	$0	$7,991
Fran Bator (Chair)	$51,555	$0	$0
Peter Wojciechowski (Asst. Secretary/Treasurer)	$46,627	$0	$0
Shelly Peterson (Director)	$46,626	$0	$0
Michael Cady (Director)	$46,602	$0	$0
Kenneth Fiereck (Director)	$28,602	$0	$18,000
Gordon Westerlind (Secretary/Treasurer)	$27,842	$0	$19,000
Donald Holl (Director)	$27,102	$0	$19,500
Mark Ethen (Vice Chair)	$27,102	$0	$19,500

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990

Filed on Sept. 27, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$246,785,973

Expenses

$246,785,973

Net Income

Net Assets

$204,007,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$245,315,792	99.4%
Investment Income	$373,135	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$343,148	0.1%
Net Fundraising	$0
Sales of Assets	$601,869	0.2%
Net Inventory Sales	$0
Other Revenue	$152,029	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,213,175	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,747,059	6.8%

Assets/Debt
Total Assets	$453,628,669
Total Liabilities	$249,621,278
Net Assets	$204,007,391

Club or Co-Op Income
Income From Members	$243,316,383
Income From Other Sources	$11,619,588

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$700,733	$0	$51,144
Michael Bash (Vp,Cfo)	$517,957	$0	$112,124
Matt Yseth (Vp, Electric Operations)	$305,198	$0	$80,544
Peter Miller (Vp, Human Resources)	$284,579	$0	$75,496
Brian Burandt (Vp, Power Supply And Bus.)	$266,496	$0	$53,619
Don Haller (Vp, Member Services)	$251,125	$0	$73,825
Mark Koplin (Vp, Technology)	$221,374	$0	$43,768
Nancy Basara (Controller)	$205,111	$0	$57,303
Dustin Jude (Crew Leader)	$189,077	$0	$48,512
Nick Loehlein (Manager Engineering & System Ops)	$179,171	$0	$53,855
Greg Groenjes (Manager Construction & Maint.)	$177,476	$0	$25,907
Tom Guttormson (Principal Technology Engineer)	$168,193	$0	$57,795
Fran Bator (Chair)	$51,534	$0	$0
Peter Wojciechowski (Asst. Secretary/Treasurer)	$46,601	$0	$0
Donald Holl (Director)	$46,581	$0	$0
Michael Cady (Director)	$46,581	$0	$0
Shelly Peterson (Director)	$46,581	$0	$0
Kenneth Fiereck (Director)	$28,581	$0	$18,000
Gordon Westerlind (Secretary/Treasurer)	$27,801	$0	$19,000
Mark Ethen (Vice Chair)	$27,581	$0	$19,000

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990

Filed on Sept. 24, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$280,543,555

Expenses

$280,543,555

Net Income

Net Assets

$200,062,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$279,772,091	99.7%
Investment Income	$299,382	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$220,606	0.1%
Net Fundraising	$0
Sales of Assets	$95,064	0.0%
Net Inventory Sales	$0
Other Revenue	$156,412	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,865,743	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,104,571	5.7%

Assets/Debt
Total Assets	$443,862,647
Total Liabilities	$243,799,881
Net Assets	$200,062,766

Club or Co-Op Income
Income From Members	$276,927,478
Income From Other Sources	$6,600,904

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$629,093	$0	$48,487
Michael Bash (Vp,Cfo)	$548,551	$0	$101,026
Matt Yseth (Vp, Electric Operations)	$298,310	$0	$71,702
Peter Miller (Vp, Human Resources)	$279,700	$0	$70,522
Don Haller (Vp, Member Svc, Products)	$249,414	$0	$67,763
Brian Burandt (Vp, Power Supply And Bus.)	$230,566	$0	$46,545
Mark Koplin (Mgr. Information Tech)	$207,980	$0	$39,808
Nancy Basara (Controller)	$203,901	$0	$53,940
Jeff Hendrickson (Manager Customer Operations)	$182,697	$0	$39,866
Tamara Gregory (Manager Executive Services)	$176,087	$0	$43,950
Greg Groenjes (Manager C&M And System Ops)	$173,585	$0	$24,608
Donald Holl (Director)	$55,581	$0	$0
Fran Bator (Chair)	$49,963	$0	$0
Gordon Westerlind (Secretary/Treasurer)	$49,223	$0	$18,500
Peter Wojciechowski (Asst. Secretary/Treasurer)	$48,232	$0	$0
Michael Cady (Director)	$46,581	$0	$0
Betsy Wergin (Director Until 08/2018)	$31,021	$0	$0
Kenneth Fiereck (Director)	$29,400	$0	$18,000
Mark Ethen (Vice Chair)	$28,581	$0	$18,000
Shelly Peterson (Director From 10/2018)	$7,805	$0	$0

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990

Filed on Oct. 1, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$273,137,918

Expenses

$273,137,918

Net Income

Net Assets

$186,383,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$271,844,789	99.5%
Investment Income	$768,699	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$340,192	0.1%
Net Fundraising	$0
Sales of Assets	$9,274	0.0%
Net Inventory Sales	$0
Other Revenue	$174,964	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,525,486	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,106,763	5.9%

Assets/Debt
Total Assets	$405,353,390
Total Liabilities	$218,969,835
Net Assets	$186,383,555

Club or Co-Op Income
Income From Members	$266,774,788
Income From Other Sources	$6,007,569

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$523,177	$0	$49,894
Michael Bash (Vp,Cfo)	$370,201	$0	$109,131
Matt Yseth (Vp, Electric Operations)	$290,213	$0	$71,880
Peter Miller (Vp, Human Resources)	$274,381	$0	$70,014
Don Haller (Vp, Member Svc, Products)	$241,365	$0	$65,980
Brian Burandt (Vp, Power Supply And Bus.)	$212,551	$0	$45,302
Mark Koplin (Mgr. Information Tech)	$200,690	$0	$41,225
Nancy Basara (Controller)	$199,049	$0	$54,104
Greg Groenjes (Manager Electric Ops)	$167,799	$0	$24,503
Nick Loehlein (Manager Of Engineering)	$164,881	$0	$48,330
Michael Kenning (Journey Lineman)	$158,800	$0	$43,829
Peter Wojciechowski (Chair)	$51,534	$0	$0
Fran Bator (Secretary/Treasurer)	$46,821	$0	$0
Donald Holl (Director)	$46,581	$0	$0
Michael Cady (Director)	$46,581	$0	$0
Betsy Wergin (Director)	$46,581	$0	$0
Kenneth Fiereck (Director)	$34,581	$0	$12,000
Mark Ethen (Vice Chair)	$28,581	$0	$18,000
Gordon Westerlind (Asst. Secretary/Treasurer)	$28,581	$0	$18,000

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990

Filed on Sept. 26, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$272,386,633

Expenses

$272,386,633

Net Income

Net Assets

$180,229,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$270,831,055	99.4%
Investment Income	$667,820	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$339,254	0.1%
Net Fundraising	$0
Sales of Assets	$397,368	0.1%
Net Inventory Sales	$0
Other Revenue	$151,136	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,333,016	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,811,160	6.2%

Assets/Debt
Total Assets	$393,699,930
Total Liabilities	$213,470,498
Net Assets	$180,229,432

Club or Co-Op Income
Income From Members	$263,906,720
Income From Other Sources	$3,969,742

Compensation

Key Employees and Officers	Compensation	Related	Other
Greg Ridderbusch (President/Ceo)	$435,855	$0	$22,986
Michael Bash (Vp,Cfo)	$365,594	$0	$107,461
Matt Yseth (Vp, Electric Operations)	$278,985	$0	$73,021
Peter Miller (Vp, Human Resources)	$268,834	$0	$67,047
Don Haller (Vp, Member Svc, Products & Sales)	$229,107	$0	$62,952
Nancy Basara (Controller)	$189,095	$0	$53,062
Mark Koplin (Mgr. Information Technolo)	$188,349	$0	$40,215
Brian Burandt (Vp, Power Supply And Business Developmen)	$171,805	$0	$41,275
Darrin Helget (Lineman)	$160,539	$0	$24,515
Nick Loehlein (Manager Of Engineering)	$155,586	$0	$46,679
Greg Groenjes (Mgr. Construction & Maint)	$154,945	$0	$23,824
Peter Wojciechowski (Chair)	$51,534	$0	$0
Fran Bator (Secretary/Treasurer)	$46,821	$0	$0
Mark Ethen (Vice Chair)	$46,581	$0	$0
Donald Holl (Director)	$46,581	$0	$0
Michael Cady (Director)	$46,581	$0	$0
Betsy Wergin (Director From 06/2016)	$27,193	$0	$0
Kenneth Fiereck (Director)	$26,580	$0	$20,000
Gordon Westerlind (Asst. Secretary/Treasurer)	$22,581	$0	$24,000
Michael Kerr (Director Until 05/2016)	$19,388	$0	$0

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990

Filed on Oct. 5, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$257,593,709

Expenses

$257,593,709

Net Income

Net Assets

$171,191,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$256,811,952	99.7%
Investment Income	$355,158	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$339,344	0.1%
Net Fundraising	$0
Sales of Assets	$62,973	0.0%
Net Inventory Sales	$0
Other Revenue	$24,282	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,347,899	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,771,234	6.1%

Assets/Debt
Total Assets	$371,645,339
Total Liabilities	$200,453,708
Net Assets	$171,191,631

Club or Co-Op Income
Income From Members	$253,985,881
Income From Other Sources	$3,715,694

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Rajala (President/Ceo Until 10/01/15)	$479,496	$0	$41,772
Michael Bash (Vp,Cfo)	$355,385	$0	$102,088
Matt Yseth (Vp, Electric Operations)	$267,560	$0	$71,270
Peter Miller (Vp, Human Resources)	$255,359	$0	$63,138
Don Haller (Vp, Member And Community)	$211,121	$0	$52,682
Mark Koplin (Mgr Information Technologies)	$179,151	$0	$37,327
Nancy Basara (Controller)	$178,689	$0	$48,570
Nick Loehlein (Manager Sys Engineering)	$168,100	$0	$45,319
John Gasal (Vp, Power Supply Until 05/22/15)	$145,185	$0	$41,729
Greg Groenjes (Mgr., Construction & Maint)	$144,365	$0	$33,047
Leon Richter (Lineman)	$142,139	$0	$44,274
Greg Ridderbusch (President/Ceo Effective 10/01/15)	$86,813	$0	$3,178
Peter Wojciechowski (Chair)	$51,534	$0	$0
Fran Bator (Secretary/Treasurer)	$46,821	$0	$0
Mark Ethen (Vice Chair)	$46,581	$0	$0
Michael Kerr (Director)	$46,581	$0	$0
Donald Holl (Director)	$46,581	$0	$0
Michael Cady (Director)	$46,581	$0	$0
Ken Fiereck (Director)	$32,581	$0	$14,000
Gordon Westerlind (Asst. Secretary/Treasurer)	$22,581	$0	$24,000

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990

Filed on Sept. 1, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$270,081,235

Expenses

$270,081,235

Net Income

Net Assets

$169,081,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$268,873,976	99.6%
Investment Income	$727,379	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$339,984	0.1%
Net Fundraising	$0
Sales of Assets	-$14,911
Net Inventory Sales	$0
Other Revenue	$154,807	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,779,422	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,682,028	5.8%

Assets/Debt
Total Assets	$370,231,736
Total Liabilities	$201,150,734
Net Assets	$169,081,002

Club or Co-Op Income
Income From Members	$256,343,102
Income From Other Sources	$5,003,671

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Rajala (President / Ceo)	$650,357	$0	$137,685
Michael Bash (Vp / Cfo)	$416,930	$0	$98,897
Matt Yseth (Vp, Electric Operations)	$317,522	$0	$68,012
John Gasal (Vp, Power Supply)	$315,427	$0	$85,691
Peter Miller (Vp, Human Resources)	$307,297	$0	$59,771
Don Haller (Vp, Member And Community)	$250,838	$0	$60,019
Nancy Basara (Controller)	$188,032	$0	$47,447
Mark Koplin (Manager Information Tech)	$185,452	$0	$33,831
Larry Nelson (Elec Ops Project Mgr)	$156,561	$0	$43,116
Greg Groenjes (Mgr., Construction & Maint)	$150,688	$0	$33,358
Nick Loehlein (Manager Sys Engineering, Design, And Operations)	$148,623	$0	$38,280
Peter Wojciechowski (Chair)	$51,534	$0	$0
Fran Bator (Secretary/Treasurer)	$46,821	$0	$0
Ken Fiereck (Vice Chair Til April; Director)	$46,581	$0	$0
Mark Ethen (Asst Sec/Treas Til April; Vice Chair)	$46,581	$0	$0
Michael Kerr (Director)	$46,581	$0	$0
Donald Holl (Director)	$46,581	$0	$0
Gordon Westerlind (Director Til April; Asst Sec/Treas)	$23,581	$0	$23,000
Jim Leroux (Director Til June)	$23,265	$0	$0

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990

Filed on Oct. 23, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$258,711,936

Expenses

$258,711,936

Net Income

Net Assets

$157,076,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$257,413,417	99.5%
Investment Income	$859,352	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$340,146	0.1%
Net Fundraising	$0
Sales of Assets	-$10,103
Net Inventory Sales	$0
Other Revenue	$109,124	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,882,266	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,871,383	6.5%

Assets/Debt
Total Assets	$357,557,329
Total Liabilities	$200,481,235
Net Assets	$157,076,094

Club or Co-Op Income
Income From Members	$247,410,038
Income From Other Sources	$4,311,664

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Rajala (President / Ceo)	$658,948	$0	$181,279
Michael Bash (Vp / Cfo)	$435,357	$0	$89,181
Matt Yseth (Vp, Electric Operations)	$326,278	$0	$62,687
Peter Miller (Vp, Human Resources)	$325,124	$0	$58,164
John Gasal (Vp, Power Supply)	$324,212	$0	$78,000
Mark Koplin (Manager Information Technology)	$263,667	$0	$28,248
Don Haller (Vp, Member And Community)	$259,069	$0	$57,122
Nancy Basara (Controller)	$204,156	$0	$48,444
Greg Groenjes (Mgr., Construction & Maintenance)	$177,308	$0	$5,813
Larry Nelson (Elec Ops Project Mgr)	$174,580	$0	$42,880
Jeff Hendrickson (Manager Customer Operations)	$167,591	$0	$35,605
Peter Wojciechowski (Chair)	$51,899	$0	$50
Fran Bator (Secretary/Treasurer)	$46,821	$0	$50
Mark Ethen (Director)	$46,601	$0	$50
Ken Fiereck (Vice Chair)	$46,581	$0	$50
Michael Kerr (Asst. Secretary/Treasurer)	$46,581	$0	$50
Jim Leroux (Director)	$46,581	$0	$50
Donald Holl (Director)	$39,081	$0	$7,550
Gordon Westerlind (Director)	$23,581	$0	$23,050

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990

Filed on Oct. 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$254,996,034

Expenses

$254,996,034

Net Income

Net Assets

$152,445,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$253,889,722	99.6%
Investment Income	$762,885	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$338,497	0.1%
Net Fundraising	$0
Sales of Assets	$4,930	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,804,465	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,950,164	6.3%

Assets/Debt
Total Assets	$352,302,341
Total Liabilities	$199,856,989
Net Assets	$152,445,352

Club or Co-Op Income
Income From Members	$243,423,799
Income From Other Sources	$3,486,787

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$238,674,493

Expenses

$238,674,493

Net Income

Net Assets

$145,522,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$237,703,049	99.6%
Investment Income	$440,584	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$340,045	0.1%
Net Fundraising	$0
Sales of Assets	$190,815	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,620,246	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,161,464	6.4%

Assets/Debt
Total Assets	$340,989,167
Total Liabilities	$195,466,788
Net Assets	$145,522,379

Club or Co-Op Income
Income From Members	$230,141,794
Income From Other Sources	$5,519,110

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Connexus Energy

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $261M (2023)

Expenses $261M (2023)

Total Assets $496M (2023)

Total Liabilities $273M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$261M (2023)

Expenses

$261M (2023)

Total Assets

$496M (2023)

Total Liabilities

$273M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004