Minnesota Valley Electric Cooperative

Organization Overview

Minnesota Valley Electric Cooperative is located in Jordan, MN. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Minnesota Valley Electric Cooperative employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Valley Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Minnesota Valley Electric Cooperative generated $97.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $96.8m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing



Describe the Organization's Mission:

Part 3 - Line 1


Describe the Organization's Program Activity:

Part 3 - Line 4a


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Hentges
Marvin Denzer
VP Of Energy Services
Joanne Kolb
VP Finance (started March 2021)
Joseph Jutz
Bryan Ott
Michael Dietz
Operations Manager

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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$95,182,181
Investment income $222,118
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $485,500
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$312,513
Miscellaneous Revenue$0
Total Revenue $97,633,848

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