Overview
What is Traverse Electric Cooperative Inc?
Traverse Electric Cooperative Inc is a Minnesota-based nonprofit organization, with a mailing address at 1618 Broadway, PO Box 66, Wheaton, MN 56296. With a team of 16 dedicated employees, this electric cooperative provides electric services to approximately 2,242 members, managing an average of 3,202 active electric accounts. Their mission is to deliver electric power to their members at the most affordable rates, adhering to sound business principles. The cooperative is committed to offering electric service, ensuring a low-cost solution for its community.
Official website here: www.traverseelectric.com
Is Traverse Electric Cooperative Inc legitimate?
Traverse Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Traverse Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $540,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.traverseelectric.com
What is the mission statement of Traverse Electric Cooperative Inc?
Traverse Electric Cooperative Inc is dedicated to providing electric service at the most affordable rates for its members. Its mission is to deliver electricity while adhering to sound business principles. The cooperative serves a customer base of 2,242 members, with an average of 3,202 active electric services. By focusing on cost efficiency, Traverse Electric Cooperative Inc aims to ensure that affordable electricity is accessible to all its members.
Official website here: www.traverseelectric.com
Who is the CEO of Traverse Electric Cooperative Inc?
Douglas Diekmann is the President of Traverse Electric Cooperative Inc.
Official website here: www.traverseelectric.com
What is the revenue of Traverse Electric Cooperative Inc?
Traverse Electric Cooperative Inc's revenue in 2022 was $13,733,233.
Official website here: www.traverseelectric.com
Who are the executives of Traverse Electric Cooperative Inc and what are their salaries?
The average compensation at Traverse Electric Cooperative Inc during 2022 was $33,811. There are 16 employees at Traverse Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Joel Janorschke (General Manager - Part Year)
- Dale Schwagel (Operations Manager/Interim Gm)
- Karen Lupkes (Office Manager)
- Richard Davis (Lineman-Foreman)
- Colden Helberg (Journeyman Lineman)
- Terry Monson (Director)
- Michael Marks (Director/Treasurer)
- Bradley Rudolph (Director)
- Douglas Diekmann (President) [Trustee/Director]
- Mark Pearson (Secretary) [Trustee/Director]
- Matthew Glynn (Director)
- Tom Frisch (Director/Vice President)
- Michael Gaulrapp (Director)
- Stacy Ehlers (Director)
- Russell Armstrong (Vice President - Part Year) [Trustee/Director]
Official website here: www.traverseelectric.com
Where can I find the form 990 for Traverse Electric Cooperative Inc?
The Traverse Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.traverseelectric.com
Learn more at the official website: www.traverseelectric.com
Mission Statement of Traverse Electric Cooperative Inc
Traverse Electric Cooperative Inc, a dedicated electric cooperative, is committed to delivering electric service to its members at the most affordable rates, adhering to sound business principles. The cooperative's primary mission is to provide dependable and economical electric power to its 2,242 members, serving an average of 3,202 active electric services. By focusing on affordability, Traverse Electric Cooperative Inc ensures that it remains a reliable energy partner for its community. Through its unwavering commitment to cost efficiency, the cooperative aims to provide essential electric services while maintaining a strong financial footing.
Impact
This information is meant to be a general summary of Traverse Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Traverse Electric Cooperative Inc has a significant impact on its community by providing essential electric service to its members at the lowest possible cost. With a focus on offering affordable rates, the cooperative ensures that 2,242 members, with an average of 3,202 active electric services, have access to reliable electricity. This commitment not only supports the daily lives of individuals and businesses in Wheaton, MN, but also contributes to the overall economic development and well-being of the region. By delivering electricity efficiently and affordably, Traverse Electric Cooperative Inc plays a vital role in enhancing the quality of life for its members and the broader community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE
Revenue
$12,181,691
Organization Details
Founding Year
1940
Phone
(320) 563-8616
Principal Officer
Douglas Diekmann
Main Address
1618 BROADWAY PO BOX 66, WHEATON, MN, 562960066
Website
www.traverseelectric.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Traverse Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.