#340 of 500 · Member & Benefit Funds

Minnkota Power Cooperative Inc

EIN 45-0166406 · ND · NTEE n/a · Form 990, fiscal 2023

A not-for-profit generation and transmission (G&T) electric cooperative headquartered in Grand Forks, North Dakota, formed in 1940. It provides wholesale electric power and transmission services to 11 member-owner distribution cooperatives serving consumers across eastern North Dakota and northwestern Minnesota. Its operations include generation, power delivery, and infrastructure serving homes, farms, schools, and businesses throughout a large rural service region.

Financials, fiscal 2023

Revenue

$449.7M

Expenses

$436.7M

Total assets

$1.18B

Net assets

$225.3M

Operating margin

2.9%

1-year growth

-0.4%

5-year growth (CAGR)

2.8%

Reserve (years of spending)

6.2

Contributions share

n/a

Programme spending

98.6%

Fundraising cost

n/a

Executive pay share

1.18%

Employees

431

Revenue per employee

$1.0M

Grants paid

n/a

Years filing

80

NFP Health Score: 78 / 100

Financial 59 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To keep our electricity the best energy value in the region by delivering safe, reliable, affordable and environmentally responsible electricity.

Revenue history