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Filing year 2024

LAKE COUNTRY POWER

Cohasset, Minnesota·EIN 41-1857633·12
Total revenue
$114.8M
Total assets
$412.4M
Total expenses
$114.8M
Reported officers
17
Mission

TO ENHANCE OUR COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES TO OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$461k
$496k
Base
$376k
Bonus
Other
Benefits
$10k
Chief Operating Officer
$335k
$360k
Base
$245k
Bonus
Other
Benefits
$20k
Director of Safety & Risk Management
highest compensated employee
$278k
$300k
Base
$202k
Bonus
Other
Benefits
$27k
Chief Financial Officer
$268k
$288k
Base
$221k
Bonus
Other
Benefits
$1k
Human Resources Director
highest compensated employee
$254k
$273k
Base
$176k
Bonus
Other
Benefits
$27k
Area Supervisor
highest compensated employee
$220k
$236k
Base
$163k
Bonus
Other
Benefits
$26k
Crew Chief
highest compensated employee
$194k
$209k
Base
$158k
Bonus
Other
Benefits
$26k
Crew Chief
highest compensated employee
$191k
$206k
Base
$166k
Bonus
Other
Benefits
$26k
Director
board member
$18k
$20k
President
board president
$18k
$19k
Vice President
vice president
$16k
$17k
Secretary
board secretary
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$15k
$17k
Treasurer
board treasurer
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$11k
$12k

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.

Climbed 23%
over 3 years

From $375k in 2021 to $461k in 2024.

$375k
2021
$417k
2023
$461k
2024
In today's dollarsEst.
Up 7% in real terms$465k to $496k

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

LAKE COUNTRY POWER reported revenue and expenses across 3 filing years.

RevenueExpenses
$99.7M
$99.7M
2021
$110.4M
$110.4M
2023
$114.8M
$114.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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