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Filing year 2024

KANDIYOHI POWER COOPERATIVE

Spicer, Minnesota·EIN 41-0345595·12
Total revenue
$23.8M
Total assets
$76.1M
Total expenses
$23.8M
Reported officers
16
Mission

TO PROVIDE ELECTRIC DISTRIBUTION AND OTHER RELATED SERVICES TO ITS 9,049 MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$223k
Bonus
Other
Benefits
$17k
Base
$157k
Bonus
Other
$7k
Benefits
$17k
Journeyman Line Tech In-charge
highest compensated employee
$168k
$181k
Base
$131k
Bonus
Other
Benefits
$22k
Journeyman Line Tech In-charge
highest compensated employee
$164k
$177k
Base
$127k
Bonus
Other
Benefits
$22k
Line Superintendent
highest compensated employee
$164k
$176k
Base
$109k
Bonus
$5k
Other
$10k
Benefits
$17k
Line Foreman
highest compensated employee
$156k
$168k
Base
$117k
Bonus
Other
Benefits
$22k
Journeyman Line Tech In-charge
highest compensated employee
$152k
$164k
Base
$121k
Bonus
Other
Benefits
$16k
Chair
board chair
$10k
$10k
Director
board member
$9k
$10k
Secretary
board secretary
$9k
$10k
Vice Chair
board vice chair
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$8k
$9k
Director
board member
$8k
$9k
Director
board member
$8k
$9k
Director
board member
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 23%
from 2023

From $227k in 2023 to $280k in 2024.

$227k
2023
$280k
2024
In today's dollarsEst.
Up 20% in real terms$251k to $301k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

KANDIYOHI POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$24.4M
$24.2M
2023
$23.8M
$23.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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