East Central Energy
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
East Central Energy is a 501(c)(12) organization based in Braham, Minnesota, registered in 1937, with $155,598,325 in FY2024 revenue. CharityIndex grades it A.
412 Main Ave N, Braham, MN, 55006 EIN 41-0480748 Since 1937
Revenue (FY2024)
$155.6M
▲ 8.5% vs prior year
Expenses (FY2024)
$161.0M
Net assets
$157.7M
Employees
206
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 East Central Energy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating12 mo reserves · -3% 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 East Central Energy: 12 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 East Central Energy: 6 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 East Central Energy: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Distribute electric energy to members
Contact & location
Financial trends
Revenue grew from $127.7M (FY2016) to $155.6M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $340.2MNet assets $157.7M
Operating margin
-3.5%
Spent more than it raised in the latest fiscal year.
Total assets
$497.9M
Total liabilities
$340.2M
Net assets
$157.7M
Salaries & benefits
$1.7M
1% of expenses
Board members
11
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $155,598,325▲8.5% | $161,010,311▲10.6% | $157,705,519▲4.8% | $497,896,008▲17.9% | 990 |
| 2023 | $143,411,266▲5.1% | $145,612,580▲6.8% | $150,439,397▲5.6% | $422,306,337▲17.6% | 990 |
| 2022 | $136,415,496▲2.4% | $136,342,020▼1.1% | $142,395,162▲4.9% | $359,107,957▲2.3% | 990 |
| 2021 | $133,197,154▲4.7% | $137,894,380▲8.5% | $135,773,266▲0.5% | $351,028,810▲1.9% | 990 |
| 2020 | $127,219,565▲0.3% | $127,044,567▼1.4% | $135,164,593▲0.9% | $344,437,074▲3.2% | 990 |
| 2019 | $126,847,825▼0.3% | $128,797,010▼2.1% | $134,019,279 | $333,854,038▼0.1% | 990 |
| 2018 | $127,272,111▼1.1% | $131,530,098▲3.9% | $134,028,900▲1.8% | $334,197,340▲2.3% | 990 |
| 2017 | $128,728,738▲0.8% | $126,644,922▼0.4% | $131,643,090▲4.1% | $326,745,635▲0.6% | 990 |
| 2016 | $127,667,181 | $127,192,929 | $126,465,677 | $324,675,771 | 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: Justin Jahnz — $345,714 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Justin Jahnz | President/ceo | 43 | $345,714 |
| Ty Houglum | Vp/chief Information Offic | 45 | $263,723 |
| Andy Olson | Vp/chief Operating Officer | 42 | $262,585 |
| Lisa Prachar | Vp/chief Financial Officer | 42 | $259,775 |
| Tor Kindem | Line Technician | 56 | $186,888 |
| Mark Machovec | Line Technician | 53 | $181,356 |
| David Waletski | Manager, Engineering | 42 | $181,126 |
| Mark Nelson | Manager, Business Accounts | 43 | $163,530 |
| Kevin Klocke | Line Technician | 52 | $162,832 |
| Shelly Nault | Director | 9.54 | $22,092 |
| Thomas Schoenecker | Assistant Secretary/treasurer | 8.81 | $20,470 |
| Jim Jesok | Secretary/treasurer | 7.12 | $18,503 |
| Linda Laitala | Director | 10.94 | $17,034 |
| Jerry Tvedt | Chair | 6.21 | $16,602 |
| Lonnie Johnson | Director | 5.98 | $16,421 |
| Ron Volker | Director | 4.62 | $15,849 |
| Wayne Eller | Director | 5.92 | $13,629 |
| Greg Kvasnicka | Vice Chair | 5 | $13,285 |
| Rick Olson | Director | 5.77 | $12,889 |
| Michael Gainor | Director | 4.13 | $12,845 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Itg Communications LLC | Broadband Consulting | $26,453,369 |
| Pulse Broadband LLC | Broadband Consulting | $4,258,042 |
| R & G Waldhalm Contractors | Excavation Work | $2,179,962 |
| New Age Tree Service Inc | Tree Trimming/clearing | $1,687,941 |
| Yts Companies | Power Line Construction | $1,622,773 |
Grants made · $10K in FY2024
1 grant totaling $10K in FY2024. All grants made by East Central Energy →
| Recipient | Purpose | Amount |
|---|---|---|
| Initiative Foundation | Provide permanent support for community and economic development in ece central minnesota service area. | $10,000 |
Frequently asked questions
- Is East Central Energy a legitimate nonprofit?
- Yes. East Central Energy is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0480748, based in Braham, Minnesota.
- What is East Central Energy's EIN?
- East Central Energy's Employer Identification Number (EIN) is 41-0480748.
- How much revenue does East Central Energy report?
- East Central Energy reported $155,598,325 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does East Central Energy have?
- CharityIndex grades East Central Energy A, based on financial health (reserves and operating margin).
- How much does East Central Energy's highest-paid employee make?
- The highest reported compensation on East Central Energy's latest Form 990 is $345,714, paid to Justin Jahnz (President/ceo).
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Data for East Central Energy (EIN 41-0480748) 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.