LAKE REGION ELECTRIC COOPERATIVE
PO BOX 643, PELICAN RAPIDS, MN 565720643 www.lrec.coop

Total Revenue
$53,098,198
Total Expenses
$52,227,006
Net Assets
$54,347,850

Organizations Filed Purposes: TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.

ELECTRICITY DISTRIBUTION - DISTRIBUTES ELECTRICITY TO 23,153 MEMBERS IN ITS 5,781 MILES OF LINES WITHIN THE SERVICE TERRITORY.

EARTHWISE GEOTHERMAL PROGRAM - INSTALLATION OF GEOTHERMAL LOOPS FOR CUSTOMERS WITHIN AND OUTSIDE OF OUR SERVICE TERRITORY.

COMMUNITY SOLAR PROJECT I AND SOLAR PROJECT II - PROJECT I - 96 PANEL SOLAR ARRAY. PROJECT II - 60 PANEL SOLAR ARRAY. BOTH ARRAYS ARE INSTALLED AT LAKE REGION ELECTRIC COOPERATIVE'S HQ PRAIRIE. MEMBERS CAN PURCHASE THE OUTPUT FROM EITHER A HALF OR FULL PANEL AND HAVE THE KWH'S PRODUCED BY THEIR PANEL(S) CREDITED TO THEIR ELECTRIC BILL EACH MONTH. THEY HAVE THE OPTION TO MAKE PAYMENT THROUGH OUR EASY PAY PURCHASE PROGRAM.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Tim ThompsonCEO40$264,980
Al FazioVP OF OPERATIONS/ENGINEERI40$140,551
Daniel HustedVP OF ENERGY SVCS/COMM40$130,387
Lloyd NelsonCFO40$129,721
Joseph BelzOPERATIONS MANAGER40$122,806
Donald J HansonLEAD LINEMAN49.3$119,533
Jason HamanJOURNEYMAN LINEMAN51$115,122
Charles KvareCHAIR6.4$15,060
Dennis TollefsonVICE CHAIR6.5$12,540
Joyce ValleySECRETARY4.3$11,900
Robert ShawTREASURER3.9$10,980
Earl RydellDIRECTOR6.3$10,740
Thomas JennenDIRECTOR3.8$10,140
Sid WisnessDIRECTOR4.4$9,980
Dennis MathiasonDIRECTOR2.5$9,800
Kenneth HendrickxDIRECTOR3.5$9,340

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201902779349301500_public.xml