Lake Region Electric Cooperative
Other · Pel Rapids, Minnesota
Po Box 643, Pel Rapids, MN 56572-0643
Annual Revenue
$57.2M
Total Expenses
$56.8M
Total Assets
$151.6M
Program Spending
96%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$929K
1.6% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
Not reported
Total Payroll
$929K
2% of total expenses
Where the Money Goes
Trust Score Breakdown
Program Spending Ratio
96% of expenses go to programs
Revenue & Stability
$57.2M annual revenue
Executive Compensation
$929K total officer comp (1.6% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$151.6M in assets
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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.