Lake Country Power

Cohasset, MN
Tax-exempt since Aug. 1998
EIN: 41-1857633

Receive an email when new data is available for this organization.

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.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$110M (2023)

Expenses

$110M (2023)

Total Assets

$394M (2023)

Total Liabilities

$260M (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

$110,408,177

Expenses

$110,408,177

Net Income

Net Assets

$134,081,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$106,284,324	96.3%
Investment Income	$150,512	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$33,720	0.0%
Net Inventory Sales	-$148,647
Other Revenue	$4,088,268	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,118,664	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$393,961,504
Total Liabilities	$259,880,223
Net Assets	$134,081,281

Club or Co-Op Income
Income From Members	$106,284,324
Income From Other Sources	$3,922,678

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Bakk (General Manager)	$337,315	$0	$79,207
Derek Howe (Chief Operating Officer)	$236,308	$0	$82,246
Tracy Peterson Wirtanen (Chief Financial Officer)	$209,396	$0	$40,379
William Bussey (Director Of Safety & Risk Management)	$191,960	$0	$72,896
Jeff Thiel (Crew Chief)	$171,726	$0	$23,687
Rebecca Seeley (Human Resources Director)	$166,654	$0	$76,874
Wade Gould (Area Supervisor)	$156,879	$0	$54,110
Zachary Diiorio (Crew Chief)	$149,054	$0	$31,712
Craig Olson (President)	$18,000	$0	$0
Larry Anderson (Director)	$16,200	$0	$0
Daniel Kingsley (Vice President)	$14,400	$0	$0
Michael Forsman (Secretary)	$14,400	$0	$0
Steve Raukar (Director)	$12,900	$0	$0
Jason Long (Treasurer)	$12,900	$0	$0
Brian Napstad (Director)	$12,883	$0	$0
Robert Bruckbauer (Director)	$11,100	$0	$0
Jeff Sheldon (Director)	$9,883	$0	$0

+ View more people

990

Filed on Sept. 10, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$110,864,875

Expenses

$110,871,573

Net Income

-$6,698

Net Assets

$124,414,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$108,745,308	98.1%
Investment Income	$118,608	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$44,233
Net Inventory Sales	-$115,167
Other Revenue	$2,160,359	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,066,185	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$369,734,330
Total Liabilities	$245,319,527
Net Assets	$124,414,803

Club or Co-Op Income
Income From Members	$108,745,308
Income From Other Sources	$3,686,559

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Bakk (General Manager)	$329,599	$0	$121,045
Derek Howe (Chief Operating Officer)	$225,356	$0	$105,633
Tracy Peterson Wirtanen (Chief Financial Officer)	$197,923	$0	$49,863
William Bussey (Director Of Safety & Risk)	$185,383	$0	$93,007
Mark Pohto (Crew Chief)	$172,328	$0	$19,701
Craig Sistad (Crew Chief)	$169,209	$0	$30,304
Brian Grondahl (Crew Chief)	$166,276	$0	$58,821
William Koschak (Crew Chief)	$163,348	$0	$17,371
Larry Anderson (Director)	$18,000	$0	$0
Craig Olson (President)	$17,100	$0	$0
Steve Raukar (Director)	$16,800	$0	$0
Michael Forsman (Secretary)	$15,600	$0	$0
Daniel Kingsley (Vice President)	$14,400	$0	$0
Jason Long (Treasurer)	$12,900	$0	$0
Robert Bruckbauer (Director)	$10,500	$0	$0
James Huhta (Director (Through April 2022))	$4,833	$0	$0
Craig Carlson (Director (Through April 2022))	$4,533	$0	$0

+ View more people

990

Filed on Nov. 1, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$99,712,243

Expenses

$99,742,340

Net Income

-$30,097

Net Assets

$116,776,134

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$95,617,761	95.9%
Investment Income	$203,519	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$26,518	0.0%
Net Inventory Sales	-$97,849
Other Revenue	$3,962,294	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,333,422	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$360,562,297
Total Liabilities	$243,786,163
Net Assets	$116,776,134

Club or Co-Op Income
Income From Members	$95,617,761
Income From Other Sources	$3,765,470

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager Retired)	$305,316	$0	$1,749
Mark Bakk (General Manager)	$302,638	$0	$72,638
Derek Howe (Chief Operating Officer)	$221,879	$0	$105,051
Tracy Peterson Wirtanen (Chief Financial Officer)	$184,037	$0	$37,319
William Bussey (Director Of Safety & Risk)	$179,317	$0	$90,428
Rebecca Seeley (Human Resources Director)	$155,171	$0	$105,402
Craig Sistad (Crew Chief)	$149,814	$0	$32,195
Todd Johnson (Manager Of Energy Services & Business Dev)	$147,640	$0	$10,276
William Koschak (Crew Chief)	$147,219	$0	$17,832
Jason Long (Treasurer)	$16,950	$0	$0
Craig Carlson (Director)	$15,750	$0	$0
Craig Olson (President)	$15,600	$0	$0
Daniel Kingsley (Vice President)	$15,600	$0	$0
Michael Forsman (Secretary)	$15,450	$0	$0
James Huhta (Director)	$14,700	$0	$0
Larry Anderson (Director)	$12,300	$0	$0
Steve Raukar (Director)	$12,100	$0	$0
Robert Bruckbauer (Director)	$11,400	$0	$0
Sherman Liimatainen (Director)	$3,750	$0	$0

+ View more people

990

Filed on Sept. 12, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$92,478,659

Expenses

$92,524,413

Net Income

-$45,754

Net Assets

$112,037,327

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$89,687,626	97.0%
Investment Income	$251,677	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$357,948	0.4%
Net Inventory Sales	-$139,627
Other Revenue	$2,321,035	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,080,281	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$343,138,601
Total Liabilities	$231,101,274
Net Assets	$112,037,327

Club or Co-Op Income
Income From Members	$89,687,626
Income From Other Sources	$2,691,482

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$305,266	$0	$109,862
Mark Bakk (Chief Financial Officer)	$218,650	$0	$57,988
Derek Howe (Chief Operating Officer)	$215,858	$0	$84,853
Joel Hagen (Senior Engineer)	$175,939	$0	$57,930
William Bussey (Director Of Safety & Risk)	$170,145	$0	$76,914
Jeffrey Thiel (Crew Chief)	$155,653	$0	$21,202
Rebecca Seeley (Human Resources Director)	$148,990	$0	$95,943
William Koschak (Crew Chief)	$148,225	$0	$17,245
Craig Olson (President)	$14,150	$0	$0
Craig Carlson (Treasurer)	$14,150	$0	$0
Sherman Liimatainen (Secretary)	$14,000	$0	$0
James Huhta (Director)	$13,850	$0	$0
Michael Forsman (Director)	$13,550	$0	$0
Daniel Kingsley (Vice President)	$13,300	$0	$0
Jason Long (Director)	$12,650	$0	$0
Robert Bruckbauer (Director)	$11,750	$0	$0
George Harvey (Secretary)	$5,328	$0	$0

+ View more people

990

Filed on Sept. 13, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$92,858,618

Expenses

$92,867,610

Net Income

-$8,992

Net Assets

$110,840,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$90,282,134	97.2%
Investment Income	$264,438	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$8,225
Net Inventory Sales	-$67,916
Other Revenue	$2,388,187	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,008,632	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$327,288,686
Total Liabilities	$216,448,091
Net Assets	$110,840,595

Club or Co-Op Income
Income From Members	$90,282,134
Income From Other Sources	$3,139,879

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$292,517	$0	$92,614
Mark Bakk (Chief Financial Officer)	$197,644	$0	$28,970
Derek Howe (Chief Operating Officer)	$186,010	$0	$56,279
Michael Birkeland (Director Of Member Svcs/Pr)	$165,952	$0	$73,366
William Bussey (Director Of Safety & Risk)	$165,416	$0	$60,475
Joel Hagen (Senior Engineer)	$154,639	$0	$74,308
Casey Nelson (Crew Chief)	$145,230	$0	$9,612
Rebecca Seeley (Human Resources Director)	$139,973	$0	$66,092
Craig Olson (President)	$17,700	$0	$0
Sherman Liimatainen (Vice President)	$17,050	$0	$0
Craig Carlson (Treasurer)	$16,450	$0	$0
Michael Forsman (Director)	$15,300	$0	$0
Daniel Kingsley (Director)	$15,000	$0	$0
Jason Long (Director)	$14,400	$0	$0
James Huhta (Director)	$12,900	$0	$0
George Harvey (Secretary)	$12,600	$0	$0
Robert Bruckbauer (Director)	$12,000	$0	$0

+ View more people

990

Filed on Sept. 2, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$94,052,463

Expenses

$94,050,937

Net Income

$1,526

Net Assets

$111,137,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$91,384,228	97.2%
Investment Income	$317,319	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,441
Net Inventory Sales	-$54,790
Other Revenue	$2,410,147	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$725,534	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$315,105,128
Total Liabilities	$203,967,311
Net Assets	$111,137,817

Club or Co-Op Income
Income From Members	$93,384,228
Income From Other Sources	$1,935,980

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$285,359	$0	$82,392
Mark Bakk (Director Of Finance)	$179,942	$0	$30,410
Derek Howe (Director Of Engineering)	$159,507	$0	$54,427
Michael Birkeland (Director Of Member Svcs/Pu)	$158,053	$0	$71,981
William Bussey (Director Of Safety & Risk)	$157,930	$0	$59,994
Mark Pohto (Crew Chief)	$147,968	$0	$60,421
Todd Johnson (Director Of Operations)	$147,244	$0	$103,921
Daniel Kingsley (Director)	$18,900	$0	$0
Craig Olson (President)	$17,850	$0	$0
Michael Forsman (Director)	$15,750	$0	$0
Craig Carlson (Treasurer)	$15,450	$0	$0
Sherman Liimatainen (Vice President)	$14,850	$0	$0
Jason Long (Director)	$14,250	$0	$0
James Huhta (Director)	$13,350	$0	$0
George Harvey (Secretary)	$12,700	$0	$0
Robert Bruckbauer (Director)	$9,750	$0	$0

+ View more people

990

Filed on Nov. 13, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$93,558,356

Expenses

$93,525,190

Net Income

$33,166

Net Assets

$107,260,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$89,986,724	96.2%
Investment Income	$532,263	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,661	0.0%
Net Inventory Sales	-$56,275
Other Revenue	$3,078,983	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$681,707	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$296,269,702
Total Liabilities	$189,009,575
Net Assets	$107,260,127

Club or Co-Op Income
Income From Members	$89,986,724
Income From Other Sources	$2,037,784

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$268,259	$0	$381,414
Mark Bakk (Director Of Finance)	$172,884	$0	$25,796
Michael Birkeland (Director Of Member Svcs/Pu)	$152,509	$0	$59,216
William Bussey (Director Of Safety & Risk)	$151,622	$0	$49,835
Derek Howe (Director Of Engineering)	$150,436	$0	$45,967
Todd Johnson (Director Of Operations)	$141,789	$0	$90,533
Jeffrey Thiel (Line Crew Chief)	$139,712	$0	$27,801
Craig Olson (President)	$15,650	$0	$0
George Harvey (Secretary)	$15,450	$0	$0
Craig Carlson (Treasurer)	$14,950	$0	$0
Sherman Liimatainen (Vice President)	$14,350	$0	$0
James Huhta (Director)	$14,250	$0	$0
Robert Bruckbauer (Director)	$13,950	$0	$0
Michael Forsman (Director)	$13,800	$0	$0
Daniel Kingsley (Director)	$11,450	$0	$0
Jason Long (Director)	$10,950	$0	$0
Donald Simons (Treasurer)	$0	$0	$0
Dale Long (President)	$0	$0	$0

+ View more people

990

Filed on Sept. 26, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$90,699,359

Expenses

$90,665,393

Net Income

$33,966

Net Assets

$102,879,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$87,063,755	96.0%
Investment Income	$515,924	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$43,759	0.0%
Net Inventory Sales	-$46,695
Other Revenue	$3,122,616	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$624,961	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$288,299,517
Total Liabilities	$185,420,430
Net Assets	$102,879,087

Club or Co-Op Income
Income From Members	$87,063,755
Income From Other Sources	$1,980,576

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$234,548	$0	$273,753
Mark Bakk (Director Of Finance)	$163,477	$0	$18,997
Jeffrey Thiel (Line Crew Chief)	$151,023	$0	$25,565
Michael Birkeland (Director Of Member Svcs/Pu)	$144,335	$0	$48,817
William Bussey (Director Of Safety & Risk Mgmt)	$142,820	$0	$40,768
Mark Pohto (Line Crew Chief)	$142,456	$0	$50,870
Derek Howe (Director Of Engineering)	$142,387	$0	$38,561
Craig Olson (Vice President)	$17,400	$0	$0
Craig Carlson (Director)	$15,950	$0	$0
George Harvey (Secretary)	$15,650	$0	$0
Robert Bruckbauer (Director)	$14,750	$0	$0
Sherman Liimatainen (Director)	$12,800	$0	$0
Michael Forsman (Director)	$12,600	$0	$0
James Huhta (Director)	$11,100	$0	$0
Dale Long (President)	$9,600	$0	$0
Donald Simons (Treasurer)	$7,850	$0	$0
Dan Smith (Director)	$5,400	$0	$0
Scott Magie (Director)	$900	$0	$0

+ View more people

990

Filed on Sept. 5, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$85,108,395

Expenses

$85,082,993

Net Income

$25,402

Net Assets

$100,287,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$83,571,838	98.2%
Investment Income	$569,651	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,469
Net Inventory Sales	-$20,839
Other Revenue	$992,214	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$583,857	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$275,710,902
Total Liabilities	$175,423,533
Net Assets	$100,287,369

Club or Co-Op Income
Income From Members	$83,371,838
Income From Other Sources	$1,269,446

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$216,421	$0	$246,744
Mark Bakk (Director Of Finance)	$154,814	$0	$15,657
Michael Birkeland (Director Of Member Svcs/Pu)	$139,715	$0	$45,803
Troy Huwe (Journeyman Lineman)	$138,488	$0	$23,306
William Bussey (Director Of Safety & Risk Mgmt)	$136,764	$0	$38,570
Jeffrey Thiel (Journeyman Lineman)	$135,356	$0	$24,051
Craig Sistad (Journeyman Lineman)	$129,413	$0	$23,452
Dan Smith (Director)	$15,600	$0	$0
Sherman Liimatainen (Director)	$15,475	$0	$0
Donald Simons (Treasurer)	$15,200	$0	$0
George Harvey (Secretary)	$14,700	$0	$0
Craig Carlson (Director)	$13,500	$0	$0
Craig Olson (Vice President)	$13,200	$0	$0
Robert Bruckbauer (Director)	$12,600	$0	$0
Dale Long (President)	$12,000	$0	$0
Scott Magie (Director)	$7,500	$0	$0

+ View more people

990

Filed on Oct. 24, 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

$92,811,590

Expenses

$92,781,176

Net Income

$30,414

Net Assets

$100,941,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$88,518,436	95.4%
Investment Income	$459,935	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$127,859	0.1%
Net Inventory Sales	-$40,586
Other Revenue	$3,745,946	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$535,522	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$273,068,348
Total Liabilities	$172,127,343
Net Assets	$100,941,005

Club or Co-Op Income
Income From Members	$88,518,436
Income From Other Sources	$1,275,945

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$196,759	$0	$192,703
Steven Sertich (Director Of Hr And It)	$191,520	$0	$12,114
Jeffrey Thiel (Journeyman Lineman)	$154,144	$0	$27,193
Mark Pohto (Journeyman Lineman)	$146,240	$0	$41,571
Craig Sistad (Journeyman Lineman)	$139,919	$0	$21,973
Mark Bakk (Director Of Finance)	$136,822	$0	$12,153
Michael Birkeland (Director Of Member Svcs/Public)	$134,784	$0	$40,424
Donald Simons (Treasurer)	$14,800	$0	$0
Dan Smith (Director)	$13,700	$0	$0
George Harvey (Secretary)	$13,600	$0	$0
Craig Olson (Vice President)	$13,150	$0	$0
Craig Carlson (Director)	$13,100	$0	$0
Robert Bruckbauer (Director)	$13,050	$0	$0
Dale Long (President)	$12,500	$0	$0
Sherman Liimatainen (Director)	$11,050	$0	$0
Scott Magie (Director)	$9,250	$0	$0

+ View more people

990

Filed on Oct. 1, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$83,783,050

Expenses

$83,786,074

Net Income

-$3,024

Net Assets

$96,331,797

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$80,397,096	96.0%
Investment Income	$348,492	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$26,661	0.0%
Net Inventory Sales	-$23,461
Other Revenue	$3,034,262	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$496,293	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$267,295,228
Total Liabilities	$170,963,431
Net Assets	$96,331,797

Club or Co-Op Income
Income From Members	$80,397,096
Income From Other Sources	$1,176,391

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gregory Randa (General Manager)	$185,585	$0	$187,987
Jeffrey Thiel (Journeyman Lineman)	$143,082	$0	$24,298
Craig Sistad (Journeyman Lineman)	$137,557	$0	$20,565
Steven Sertich (Director Of Hr And It)	$136,903	$0	$66,446
Mark Pohto (Journeyman Lineman)	$130,619	$0	$42,803
Brian Grondahl (Journeyman Lineman)	$129,160	$0	$30,520
Mark Bakk (Director Of Finance)	$126,190	$0	$12,722
George Harvey (Secretary)	$13,150	$0	$0
Robert Bruckbauer (Director)	$12,300	$0	$0
Craig Olson (Vice President)	$12,050	$0	$0
Donald Simons (Treasurer)	$11,550	$0	$0
Sherman Liimatainen (Director)	$7,800	$0	$0
Dale Long (President)	$7,600	$0	$0
Craig Carlson (Director)	$7,450	$0	$0
Jack Huhta (Director)	$7,250	$0	$0
Dan Smith (Director)	$6,950	$0	$0
Carter Pettersen (Director)	$6,800	$0	$0
Scott Magie (Director)	$6,400	$0	$0
James Huhta (Director)	$3,350	$0	$0

+ View more people

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

$79,276,451

Expenses

$79,385,291

Net Income

-$108,840

Net Assets

$92,934,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$76,286,994	96.2%
Investment Income	$254,502	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,222	0.0%
Net Inventory Sales	-$22,626
Other Revenue	$2,725,359	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$644,813	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$258,938,102
Total Liabilities	$166,003,186
Net Assets	$92,934,916

Club or Co-Op Income
Income From Members	$76,286,994
Income From Other Sources	$1,311,390

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$75,640,870

Expenses

$75,614,891

Net Income

$25,979

Net Assets

$87,689,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$73,087,748	96.6%
Investment Income	$180,783	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$63,155
Net Inventory Sales	-$16,817
Other Revenue	$2,452,311	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$605,448	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$245,831,003
Total Liabilities	$158,141,658
Net Assets	$87,689,345

Club or Co-Op Income
Income From Members	$73,087,748
Income From Other Sources	$1,395,789

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 2, 2024

Lake Country Power

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $110M (2023)

Expenses $110M (2023)

Total Assets $394M (2023)

Total Liabilities $260M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$110M (2023)

Expenses

$110M (2023)

Total Assets

$394M (2023)

Total Liabilities

$260M (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