Lake Country Power
Revenue
$125.7m
year to 31 December 2025
Expenses
$125.7m
year to 31 December 2025
Total assets
$433.8m
$282.9m liabilities
Net assets
$151m
assets less liabilities
Directors and trustees
9
6.6 years on average
Staff
150
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
17
named in Part VII
Lake Country Power's network
9 people5 organisationsi9 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Brian Napstad | Director | 2023 | 3 yrs |
| Craig Olson | President | 2018 | 8 yrs |
| Daniel Kingsley | Vice President | 2018 | 8 yrs |
| Jason Long | Director | 2018 | 8 yrs |
| Jeff Sheldon | Treasurer | 2023 | 3 yrs |
| Larry Anderson | Director | 2021 | 5 yrs |
| Michael Forsman | Company secretary | 2018 | 8 yrs |
| Robert Bruckbauer | Director | 2018 | 8 yrs |
| Steve Raukar | Director | 2021 | 5 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
17 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Brian Grondahl | Crew Chief | 2022 |
| Casey Nelson | Crew Chief | 2019 |
| Craig Sistad | Crew Chief | since 2021 |
| Derek Howe | Director of Engineering | since 2018 |
| Gregory Randa | General Manager - Retired | since 2018 |
| Jeffrey Thiel | Crew Chief | since 2020 |
| Joel Hagen | Senior Engineer | since 2019 |
| Mark Bakk | General Manager | since 2018 |
| Mark Pohto | Crew Chief | since 2018 |
| Michael Birkeland | Director of Member Svcs/Pu | since 2018 |
| Rebecca Seeley | Human Resources Director | since 2019 |
| Todd Johnson | Manager of Energy Services & Business Dev | since 2018 |
| Tracy Peterson Wirtanen | Chief Financial Officer | since 2021 |
| Wade Gould | Area Supervisor | since 2023 |
| William Bussey | Director of Safety & Risk Management | since 2018 |
| William Koschak | Crew Chief | since 2020 |
| Zachary Diiorio | Crew Chief | 2023 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Mark Bakk | General Manager | 50 | $391k | $107k | |
| Derek Howe | Chief Operating Officer | 50 | $259k | $92k | |
| Tracy Peterson Wirtanen | Chief Financial Officer | 50 | $238k | $61k | |
| William Bussey | Director of Safety & Risk | 50 | $206k | $91k | |
| Rebecca Seeley | Human Resources Director | 50 | $192k | $86k | |
| Jeff Thiel | Crew Chief | 51.25 | $180k | $27k | |
| Craig Sistad | Crew Chief | 50.35 | $170k | $39k | |
| Wade Gould | Area Supervisor | 50 | $169k | $62k | |
| Brian Napstad | Director | 6.37 | $17k | ||
| Craig Olson | President | 7.87 | $16k | ||
| Larry Anderson | Director | 8.6 | $15k | ||
| Michael Forsman | Secretary | 7.13 | $14k | ||
| Jeff Sheldon | Treasurer | 10.85 | $14k | ||
| Steve Raukar | Director | 10.15 | $14k | ||
| Daniel Kingsley | Vice President | 6.71 | $13k | ||
| Robert Bruckbauer | Director | 11.75 | $13k | ||
| Jason Long | Director | 4.46 | $12k |
About
- Legal name
- Lake Country Power
- EIN
- 411857633
- Address
- 8535 Park Ridge Dr, Mountain Iron, MN, 55768-2059
- State
- Minnesota
- Mission
- To enhance our communities by providing safe, reliable, and affordable energy services to our members. (as filed on the Form 990)
- IRS classification
- 501(c)12 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 9 (IRS master file code)
- Formed
- 1996
- Principal officer
- Mark Bakk (as named on the Form 990)
- IRS ruling date
- 1 August 1998
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsCraig Olson
≥8years on the filingsDaniel Kingsley
≥8years on the filingsJason Long
≥8years on the filingsMichael Forsman
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $433.8m
- Total liabilities
- $282.9m
- Net assets or fund balances
- $151m
- Contributions and grants received
- $0
- Program service revenue
- $118.6m
- Grants and similar paid out
- $47k
- Employees
- 150
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $114.8m | $114.8m | $0 |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Better in Our Back Yard | Membership and gold sponsorship winter dinner | $9k |