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MINNESOTA VALLEY ELECTRIC COOPERATIVE

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Public IRS 990 nonprofit record

MINNESOTA VALLEY ELECTRIC COOPERATIVE

EIN 41-0419150 · Mutual & Membership Benefit (Y)

What they do

PROVIDE ELECTRIC SERVICE to MEMBERS

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$102.13spent for every $100 of revenueSpending was higher than revenue this year.
$2.43in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,306,709 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $677,998 for MARVIN DENZER (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$108,271,085
Expenses$110,577,794
Annual shortfall $2,306,709 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$108,271,085
Expenses$110,577,794
Assets$268,805,374
Income$108,711,661
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MARVIN DENZERCEO · 40 hrs/week $677,998Base $389,792 · Other $288,206
MICHAEL DIETZVP OF OPERATIONS · 40 hrs/week $276,269Base $199,318 · Other $76,951
TERRI BAKKENVP MEMBER SERVICES · 40 hrs/week $257,483Base $176,968 · Other $80,515
STUART HAEFNERFOREMAN - LEAD · 49 hrs/week $245,596Base $175,044 · Other $70,552
RANDY ERDMANVP OF FINANCE · 40 hrs/week $230,010Base $215,775 · Other $14,235
JOSEPH JUTZFOREMAN - CONSTRUCTION · 53 hrs/week $226,674Base $183,541 · Other $43,133
RYAN FEDIEVP ENERGY SERVICES THRU SEPT 2024 · 40 hrs/week $220,568Base $198,837 · Other $21,731
BRANDI ADELMANNDIRECTOR OF HUMAN RESOURCES · 40 hrs/week $218,442Base $187,115 · Other $31,327
SARAH PETERSONVP OF ENGINEERING · 40 hrs/week $209,809Base $191,386 · Other $18,423
DEBORAH ERICKSONPRESIDENT · 8 hrs/week $22,220
ELIZABETH KROCAKSECRETARY/TREASURER · 4 hrs/week $18,585
THOMAS WOLFVICE PRESIDENT · 25 hrs/week $18,555

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

MARVIN DENZERCEO

MICHAEL DIETZVP OF OPERATIONS

TERRI BAKKENVP MEMBER SERVICES

STUART HAEFNERFOREMAN - LEAD

RANDY ERDMANVP OF FINANCE

JOSEPH JUTZFOREMAN - CONSTRUCTION

RYAN FEDIEVP ENERGY SERVICES THRU SEPT 2024

BRANDI ADELMANNDIRECTOR OF HUMAN RESOURCES

SARAH PETERSONVP OF ENGINEERING

DEBORAH ERICKSONPRESIDENT

ELIZABETH KROCAKSECRETARY/TREASURER

THOMAS WOLFVICE PRESIDENT

KEVIN GIBBSDIRECTOR

MICHELLE MORRISONDIRECTOR

MICHAEL LINSDIRECTOR

JAMES CONNELLYDIRECTOR

GARY HABERMANDIRECTOR

BRENT LAWRENCEDIRECTOR

About this charity

Recognized since
January 1939
Location
125 MINNESOTA VALLEY ELECTRIC DR, JORDAN, MN 55352-9369
County
Scott
In care of
RANDY ERDMAN
Primary officer
RANDY ERDMAN, VP OF FINANCE

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BRADY MARTZ & ASSOCIATES PC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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