East Central Energy
Braham, MN · EIN 41-0480748 · Rank 3,705 by total revenue
Distribute electric energy to members
Money, Form 990 for tax year 2024
- Total revenue
- $155,598,325
- Total expenses
- $161,010,311
- Total assets
- $497,896,008
- Salary base (all salaries and wages)
- $1,725,838
- Salaries, other pay and benefits
- $1,725,838
- Employees
- 206
- Salary base per employee
- $8,378
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (16)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Justin Jahnz | PRESIDENT/CEO | Officer | 43 | $456,319 |
| Ty Houglum | VP/CHIEF INFORMATION OFFIC | Officer | 45 | $376,742 |
| Andy Olson | VP/CHIEF OPERATING OFFICER | Officer | 42 | $371,961 |
| Lisa Prachar | VP/CHIEF FINANCIAL OFFICER | Officer | 42 | $307,738 |
| Shelly Nault | DIRECTOR | Board | 9.54 | $22,092 |
| Thomas Schoenecker | ASSISTANT SECRETARY/TREASURER | Board | 8.81 | $20,470 |
| Jim Jesok | SECRETARY/TREASURER | Board | 7.12 | $18,503 |
| Linda Laitala | DIRECTOR | Board | 10.94 | $17,034 |
| Jerry Tvedt | CHAIR | Board | 6.21 | $16,602 |
| Lonnie Johnson | DIRECTOR | Board | 5.98 | $16,421 |
| Ron Volker | DIRECTOR | Board | 4.62 | $15,849 |
| Wayne Eller | DIRECTOR | Board | 5.92 | $13,629 |
| Greg Kvasnicka | VICE CHAIR | Board | 5 | $13,285 |
| Rick Olson | DIRECTOR | Board | 5.77 | $12,889 |
| Michael Gainor | DIRECTOR | Board | 4.13 | $12,845 |
| Joseph Morley | DIRECTOR (THROUGH APRIL 2024) | Board | 3.39 | $4,472 |
Top 10 paid people listed
These 10 people received $2,729,573, which is 158.2% of the $1,725,838 salary base shared by 206 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Justin Jahnz | PRESIDENT/CEO | Officer | 43 | $345,714 | $0 | $110,605 | $456,319 |
| Ty Houglum | VP/CHIEF INFORMATION OFFIC | Officer | 45 | $263,723 | $0 | $113,019 | $376,742 |
| Andy Olson | VP/CHIEF OPERATING OFFICER | Officer | 42 | $262,585 | $0 | $109,376 | $371,961 |
| Lisa Prachar | VP/CHIEF FINANCIAL OFFICER | Officer | 42 | $259,775 | $0 | $47,963 | $307,738 |
| Tor Kindem | LINE TECHNICIAN | Highly paid employee | 56 | $186,888 | $0 | $85,173 | $272,061 |
| David Waletski | MANAGER, ENGINEERING | Highly paid employee | 42 | $181,126 | $0 | $86,130 | $267,256 |
| Mark Machovec | LINE TECHNICIAN | Highly paid employee | 53 | $181,356 | $0 | $56,054 | $237,410 |
| Mark Nelson | MANAGER, BUSINESS ACCOUNTS | Highly paid employee | 43 | $163,530 | $0 | $58,517 | $222,047 |
| Kevin Klocke | LINE TECHNICIAN | Highly paid employee | 52 | $162,832 | $0 | $33,115 | $195,947 |
| Shelly Nault | DIRECTOR | Board | 9.54 | $22,092 | $0 | $0 | $22,092 |
Sources
- IRS e-file return 202523159349305872 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-0480748
- Organization website (as filed): www.eastcentralenergy.com