Minnkota Power Cooperative Inc
Grand Forks, ND · EIN 45-0166406 · Rank 1,378 by total revenue
Minnkota Power Cooperative is a rural electric cooperative that generates and transmits electric power for eleven member cooperatives.
Money, Form 990 for tax year 2025
- Total revenue
- $486,986,596
- Total expenses
- $477,334,362
- Total assets
- $1,230,034,108
- Salary base (all salaries and wages)
- $6,484,879
- Salaries, other pay and benefits
- $6,484,879
- Employees
- 456
- Salary base per employee
- $14,221
"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 (25)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Robert McLennan | President & CEO | Officer | 40 | $1,429,916 |
| Gerad Paul | Executive VP, Chief Legal Officer | Officer | 40 | $490,056 |
| Brendan Kennelly | Executive VP, Chief Operating Officer | Officer | 40 | $452,675 |
| Dan Inman | Senior VP of Power Delivery, CITO | Officer | 40 | $422,354 |
| Jami Hovet | Executive VP, Chief Administrative Officer | Officer | 40 | $420,953 |
| Lowell Stave | VP, Chief Operating Officer | Officer | 40 | $417,727 |
| Kay Schraeder | Executive VP, Chief Financial Officer | Officer | 40 | $414,790 |
| Todd Sailer | Vice President of Power Supply | Officer | 40 | $413,214 |
| Andrew Sorbo | Senior VP of Power Supply | Officer | 40 | $380,558 |
| Grant Gunderson | Vice President Resource Planning & Markets | Officer | 40 | $348,132 |
| Stacey Dahl | Vice President of External Affairs | Officer | 40 | $325,792 |
| Theresa Brorby | Vice President of Compliance & Risk | Officer | 40 | $312,725 |
| Tim Hagerott | Vice President of Generation & Development | Officer | 40 | $302,196 |
| Marcy Douglas | Executive VP, Chief Member Services Officer | Officer | 40 | $169,011 |
| Mark Habedank | Board Chair | Board, Officer | 6 | $42,240 |
| Tom Woinarowicz | Board Vice Chair | Board, Officer | 6 | $20,040 |
| Colette Kujava | Board Secretary/Treasurer | Board, Officer | 6 | $19,420 |
| Kalvin Hoff | Board Member | Board | 5 | $25,220 |
| Rick Coe | Board Member | Board | 5 | $24,540 |
| Mike Wahl | Board Member | Board | 5 | $19,600 |
| Les Windjue | Board Member | Board | 5 | $18,050 |
| Steve Arnesen | Board Member | Board | 5 | $17,910 |
| Cheryl Grover | Board Member | Board | 5 | $16,960 |
| Anthony Ottem | Board Member | Board | 5 | $14,440 |
| Roger Krostue | Board Member | Board | 5 | $14,170 |
Top 10 paid people listed
These 10 people received $5,190,375, which is 80.0% of the $6,484,879 salary base shared by 456 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Robert McLennan | President & CEO | Officer | 40 | $1,219,485 | $0 | $210,431 | $1,429,916 |
| Gerad Paul | Executive VP, Chief Legal Officer | Officer | 40 | $400,375 | $0 | $89,681 | $490,056 |
| Brendan Kennelly | Executive VP, Chief Operating Officer | Officer | 40 | $363,994 | $0 | $88,681 | $452,675 |
| Dan Inman | Senior VP of Power Delivery, CITO | Officer | 40 | $335,740 | $0 | $86,614 | $422,354 |
| Jami Hovet | Executive VP, Chief Administrative Officer | Officer | 40 | $334,258 | $0 | $86,695 | $420,953 |
| Lowell Stave | VP, Chief Operating Officer | Officer | 40 | $389,326 | $0 | $28,401 | $417,727 |
| Kay Schraeder | Executive VP, Chief Financial Officer | Officer | 40 | $329,040 | $0 | $85,750 | $414,790 |
| Todd Sailer | Vice President of Power Supply | Officer | 40 | $329,089 | $0 | $84,125 | $413,214 |
| Andrew Sorbo | Senior VP of Power Supply | Officer | 40 | $300,553 | $0 | $80,005 | $380,558 |
| Grant Gunderson | Vice President Resource Planning & Markets | Officer | 40 | $273,323 | $0 | $74,809 | $348,132 |
Sources
- IRS e-file return 202601249349302425 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 45-0166406
- Organization website (as filed): www.minnkota.com