Lake Country Power
Cohasset, MN · EIN 41-1857633 · Rank 4,429 by total revenue
To provide electricity and other services to the cooperative's members.
Money, Form 990 for tax year 2025
- Total revenue
- $125,678,377
- Total expenses
- $125,678,377
- Total assets
- $433,822,248
- Salary base (all salaries and wages)
- $1,250,712
- Salaries, other pay and benefits
- $1,250,712
- Employees
- 150
- Salary base per employee
- $8,338
"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 (12)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Mark Bakk | GENERAL MANAGER | Officer | 50 | $498,645 |
| Derek Howe | CHIEF OPERATING OFFICER | Officer | 50 | $351,002 |
| Tracy Peterson Wirtanen | CHIEF FINANCIAL OFFICER | Officer | 50 | $299,344 |
| Brian Napstad | DIRECTOR | Board | 6.37 | $16,500 |
| Craig Olson | PRESIDENT | Board | 7.87 | $15,900 |
| Larry Anderson | DIRECTOR | Board | 8.6 | $14,700 |
| Michael Forsman | SECRETARY | Board | 7.13 | $14,400 |
| Jeff Sheldon | TREASURER | Board | 10.85 | $14,100 |
| Steve Raukar | DIRECTOR | Board | 10.15 | $13,800 |
| Daniel Kingsley | VICE PRESIDENT | Board | 6.71 | $13,250 |
| Robert Bruckbauer | DIRECTOR | Board | 11.75 | $12,600 |
| Jason Long | DIRECTOR | Board | 4.46 | $12,300 |
Top 10 paid people listed
These 10 people received $2,403,056, which is 192.1% of the $1,250,712 salary base shared by 150 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Mark Bakk | GENERAL MANAGER | Officer | 50 | $391,334 | $0 | $107,311 | $498,645 |
| Derek Howe | CHIEF OPERATING OFFICER | Officer | 50 | $258,770 | $0 | $92,232 | $351,002 |
| Tracy Peterson Wirtanen | CHIEF FINANCIAL OFFICER | Officer | 50 | $238,250 | $0 | $61,094 | $299,344 |
| William Bussey | DIRECTOR OF SAFETY & RISK | Highly paid employee | 50 | $205,558 | $0 | $91,261 | $296,819 |
| Rebecca Seeley | HUMAN RESOURCES DIRECTOR | Highly paid employee | 50 | $191,822 | $0 | $86,259 | $278,081 |
| Wade Gould | AREA SUPERVISOR | Highly paid employee | 50 | $168,891 | $0 | $62,215 | $231,106 |
| Craig Sistad | CREW CHIEF | Highly paid employee | 50.35 | $169,536 | $0 | $38,809 | $208,345 |
| Jeff Thiel | CREW CHIEF | Highly paid employee | 51.25 | $180,436 | $0 | $26,878 | $207,314 |
| Brian Napstad | DIRECTOR | Board | 6.37 | $16,500 | $0 | $0 | $16,500 |
| Craig Olson | PRESIDENT | Board | 7.87 | $15,900 | $0 | $0 | $15,900 |
Sources
- IRS e-file return 202642179349301279 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-1857633
- Organization website (as filed): www.lakecountrypower.coop