Dakota Electric Association
501(c)(12)
Only null% goes to programs Strong reserves
Dakota Electric Association is a 501(c)(12) organization based in Farmington, Minnesota, registered in 1938, with $229,998,295 in FY2024 revenue. CharityIndex grades it A.
4300 220th St W, Farmington, MN, 55024 EIN 41-0212180 Since 1938
Revenue (FY2024)
$230.0M
▼ 0.7% vs prior year
Expenses (FY2024)
$229.7M
Net assets
$194.1M
Employees
218
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dakota Electric Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dakota Electric Association: 10 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dakota Electric Association: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dakota Electric Association: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Electric distribution coop
Contact & location
- Address
- 4300 220th St W, Farmington, MN, 55024
- City
- Farmington
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $205.0M (FY2013) to $230.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $227.6MNet assets $194.1M
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$421.7M
Total liabilities
$227.6M
Net assets
$194.1M
Salaries & benefits
$27.7M
12% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $229,998,295▼0.7% | $229,656,385▲3.7% | $194,086,800▼2.5% | $421,668,479▲3.5% | 990 |
| 2023 | $231,566,305▲5.4% | $221,568,956▲2.5% | $198,995,127▲5.3% | $407,291,057▲3.5% | 990 |
| 2022 | $219,708,380▼4.0% | $216,108,429▼1.5% | $188,918,126▲0.6% | $393,498,407▲1.7% | 990 |
| 2021 | $228,776,645▲6.3% | $219,328,463▲3.9% | $187,699,032▲4.9% | $386,937,429▲7.0% | 990 |
| 2020 | $215,303,451▲3.5% | $210,994,820▲3.8% | $178,962,953▲2.7% | $361,658,740▲5.1% | 990 |
| 2019 | $207,935,201▼1.2% | $203,320,427▼1.0% | $174,231,713▲0.6% | $344,083,597▲1.1% | 990 |
| 2018 | $210,494,738▼0.2% | $205,352,771▲0.8% | $173,151,167▲2.3% | $340,193,778▲3.6% | 990 |
| 2017 | $210,899,419▼0.7% | $203,734,557▼0.2% | $169,199,058▲4.9% | $328,388,385▲4.6% | 990 |
| 2016 | $212,323,035▲7.3% | $204,202,098▲4.8% | $161,294,191▲6.8% | $313,867,754▲4.1% | 990 |
| 2015 | $197,963,282▼5.4% | $194,855,735▼1.9% | $150,975,648▲2.4% | $301,558,834▲0.9% | 990 |
| 2014 | $209,196,710▲2.0% | $198,549,014▲1.1% | $147,409,116▲7.7% | $298,958,098▲3.8% | 990 |
| 2013 | $205,001,639 | $196,376,925▲1.9% | $136,837,360▲7.1% | $287,990,179▲3.6% | 990 |
| 2012 | — | $192,744,511▲3.3% | $127,764,369▲7.3% | $277,903,292▲4.3% | 990 |
| 2011 | — | $186,526,349▲3.1% | $119,055,181▲9.0% | $266,492,434▲2.3% | 990 |
| 2010 | — | $180,853,712 | $109,245,168 | $260,497,174 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ryan Hentges — $490,774 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ryan Hentges | Ceo | 40 | $490,774 |
| Betty Jo Kiesow | Vp-engineering Services | 40 | $286,006 |
| Corey Hintz | Vp-financial Services/cfo | 40 | $284,681 |
| Michael Nelson | Vp-information Services/cio | 40 | $278,385 |
| Jeffrey Schoenecker | Vp-utility Services | 40 | $275,717 |
| Adam Heinen | Vp-regulatory Services | 40 | $259,878 |
| Jonathon Beyer | Vp-energy & Member Services | 40 | $258,780 |
| Trina Sandlie | Vp-people and Culture | 40 | $249,367 |
| John Thurmes | Control Center Manager | 40 | $191,604 |
| Grant Baumberger | Facilities & Tech Serv Mgr | 40 | $184,820 |
| Carla Henke | Corporate Controller | 40 | $178,806 |
| John Berge | Grid Modernization Manager | 40 | $168,928 |
| Nicolas Devine | Financial Systems Operation Manager | 40 | $159,598 |
| Paul Bakken | Chair | 25 | $46,020 |
| Clay Van De Bogart | Vice Chair/director (beg May) | 17 | $35,400 |
| Cynthia Fields | Director | 3 | $35,400 |
| David Jones | Director/treasurer (beg May) | 20 | $35,400 |
| Gerald Pittman Jr | Treasurer/vice Chair (beg May) | 16 | $35,400 |
| Jennifer Hoeft | Director | 10 | $35,400 |
| John Jack Deyoe | Director | 22 | $35,400 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Carr's Tree Service | Tree Trimming | $1,799,128 |
| Kubra America South East Inc | Customer Billing | $1,141,275 |
| Premier Locating | Locating | $939,453 |
| Itineris | Customer Billing System Consulting/maint | $750,224 |
| Anixter Inc | Agi Consulting | $648,166 |
Grants made · $541K in FY2024
1 grant totaling $541K in FY2024. All grants made by Dakota Electric Association →
| Recipient | Purpose | Amount |
|---|---|---|
| Dakota County Technical College Foundation | Scholarships for educational purposes | $541,000 |
Frequently asked questions
- Is Dakota Electric Association a legitimate nonprofit?
- Yes. Dakota Electric Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0212180, based in Farmington, Minnesota.
- What is Dakota Electric Association's EIN?
- Dakota Electric Association's Employer Identification Number (EIN) is 41-0212180.
- How much revenue does Dakota Electric Association report?
- Dakota Electric Association reported $229,998,295 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dakota Electric Association have?
- CharityIndex grades Dakota Electric Association A, based on financial health (reserves and operating margin).
- How much does Dakota Electric Association's highest-paid employee make?
- The highest reported compensation on Dakota Electric Association's latest Form 990 is $490,774, paid to Ryan Hentges (Ceo).
More nonprofits in Farmington
Explore more
Data for Dakota Electric Association (EIN 41-0212180) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.