Crow Wing Power

Legal name: Crow Wing Cooperative Power & Light Co

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

18 people listed

BRUCE KRAEMER (CHIEF EXECUTIVE OFFICER (THROUGH MAY)): $557,288 total reported compensation
ERIC QUALE (INTERIM CEO/COO): $377,416 total reported compensation
SUSANNAH JENSEN (CHIEF FINANCIAL OFFICER): $231,633 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Crow Wing Power serves members with safe, reliable power and a responsive team that takes pride in every connection.

To provide electrical services to over 40,000 cooperative members in the four Minnesota counties of crow wing, cass, morrison and todd.

Revenue model: Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -2.9%; rating input score 17; 17th percentile among comparable filings
Total-asset coverage ratio: 2.88; rating input score 75; 75th percentile among comparable filings
Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
Officer compensation ratio: 2.4%; rating input score 47; 47th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings

What they do: 11 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $557K · 18 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $3.2M reported
Consistency: 11 of 11 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 18 filed money-flow records
Related organizations: 6 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Signals prioritize questions for review. They are not findings of misconduct.