Wolverine Power Supply Cooperative Inc

Cadillac, MI
Tax-exempt since Aug. 1951
EIN: 38-1326766

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$540M (2023)

Expenses

$540M (2023)

Total Assets

$1.07B (2023)

Total Liabilities

$826M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$540,004,811

Expenses

$540,004,811

Net Income

Net Assets

$249,167,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$537,141,609	99.5%
Investment Income	$2,509,962	0.5%
Bond Proceeds	$0
Royalties	$567	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$921,993
Net Inventory Sales	$0
Other Revenue	$1,274,666	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,985,908	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,145,937	3.5%

Assets/Debt
Total Assets	$1,074,978,996
Total Liabilities	$825,811,944
Net Assets	$249,167,052

Club or Co-Op Income
Income From Members	$62,894,669
Income From Other Sources	-$25,978,328

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Baker (President & Ceo)	$916,244	$0	$290,553
Craig Borr (Executive Vice President)	$452,361	$0	$298,310
Joseph Baumann (Chief Legal Officer)	$368,398	$0	$131,125
Zachary J Anderson (Chief Operating Officer)	$364,474	$0	$147,052
Kacy Wickenhauser (Chief Human Resource Officer)	$283,524	$0	$132,737
Daniel J Calverley (Vp Generation & Operations`)	$245,834	$0	$249,374
Dustan Daniel (Vp Of Accounting And Finance)	$224,918	$0	$40,886
Daniel H De Coeur (Vice President)	$213,116	$0	$124,647
Dawn Coon (Vp Administration)	$209,831	$0	$161,754
Gerry Bundle (Director / Chair (April Dec)/ Vice Chair (Jan April))	$28,200	$0	$0
Shirley Sprague (Director / Treasurer)	$27,700	$0	$0
Terry Lautner (Director / Chairman (Jan April))	$27,400	$500	$0
John Brown (Director)	$26,000	$0	$0
Ric Evans (Director)	$26,000	$0	$0
Mark Carson (Director)	$24,000	$0	$0
Clarance Barth (Director)	$23,000	$0	$0
Paul Byl (Director / Secretary)	$20,400	$500	$3,600
Kimber Hansen (Director (Jan Aug))	$15,500	$0	$0
Tom Van Pelt (Director)	$13,250	$0	$13,250
Melinda Lautner (Director / Vice Chair (April Dec))	$12,000	$0	$12,000
John Lord (Director (Aug Dec))	$9,500	$0	$0
Rence Meredith (Director (Sept Dec))	$3,250	$0	$3,250
Chad Stirrett (Director (Jan Aug.))	$500	$0	$15,000
Allan Berg (Director)	$0	$0	$25,000
Rob Hunter (Director (Compensation Paid To Charity))	$0	$0	$0

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990

Filed on Nov. 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$706,588,810

Expenses

$704,772,082

Net Income

$1,816,728

Net Assets

$232,209,536

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$704,044,619	99.6%
Investment Income	$2,330,465	0.3%
Bond Proceeds	$0
Royalties	$320	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,254,220
Net Inventory Sales	$0
Other Revenue	$1,467,626	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,423,488	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,996,062	2.4%

Assets/Debt
Total Assets	$1,046,991,533
Total Liabilities	$814,781,997
Net Assets	$232,209,536

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Baker (President & Ceo)	$849,636	$0	$148,100
Craig Borr (Executive Vice President)	$441,222	$0	$122,212
Joseph Baumann (Chief Legal Officer)	$328,853	$0	$80,059
Zachary J Anderson (Chief Operating Officer)	$299,967	$0	$58,186
Kacy Wickenhauser (Chief Human Resources Officer)	$247,255	$0	$78,632
Timothy J Martin (Vp Engineering & Operations)	$232,732	$0	$79,938
Daniel J Calverley (Vp Generation & Operations)	$227,583	$0	$75,038
Daniel H De Coeur (Vice President)	$204,337	$0	$72,460
Dawn Coon (Vp Administration)	$200,496	$0	$70,549
Terry Lautner (Director / Chairman)	$31,600	$500	$0
Shirley Sprague (Director / Treasurer)	$27,700	$0	$0
Ric Evans (Director)	$25,500	$0	$0
Gerry Bundle (Director / Vice Chairman)	$23,000	$0	$0
Mark Carson (Director)	$23,000	$0	$0
Rob Hunter (Director)	$23,000	$0	$0
Clarance Barth (Director)	$21,000	$0	$0
Kimber Hansen (Director (April December))	$20,000	$0	$0
Paul Byl (Director / Secretary)	$19,550	$500	$3,450
John Brown (Director (April December))	$18,000	$0	$0
Melinda Lautner (Director)	$13,000	$0	$13,000
Tom Van Pelt (Director)	$12,500	$0	$12,500
Chad Stirrett (Director (April December))	$7,500	$0	$0
Kurt Krajniak (Director (Thru March 2022))	$7,500	$0	$0
Ed Oplinger (Director (Thru March 2022))	$5,000	$0	$0
Mike Kuhn (Director (Thru March 2022))	$3,000	$0	$0
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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$556,306,485

Expenses

$555,287,360

Net Income

$1,019,125

Net Assets

$219,949,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$554,792,185	99.7%
Investment Income	$758,295	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$626,337
Net Inventory Sales	$0
Other Revenue	$1,382,342	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,644,935	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,674,290	2.8%

Assets/Debt
Total Assets	$963,621,114
Total Liabilities	$743,671,889
Net Assets	$219,949,225

Club or Co-Op Income
Income From Members	$21,043,449
Income From Other Sources	-$8,876,667

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Craig Borr (Executive Vice President)	$1,908,692	$0	$141,562
Eric Baker (President / Ceo)	$1,196,241	$0	$168,640
Joseph Baumann (Vp / General Council)	$279,063	$0	$95,974
Zach Anderson (Cfo)	$265,401	$0	$108,505
Tim Martin (Vp Of Engineering & Operat)	$227,075	$0	$100,796
Kacy Wickenhauser (Vp Of Human Resources)	$210,167	$0	$80,682
Dan Decoeur (Vp)	$208,532	$0	$80,741
Dan Calverley (Vp Of Generation)	$203,801	$0	$96,433
Dawn Coon (Vp Of Business Solutions & Member Services)	$192,367	$0	$91,490
Sam Hogg (Director Business Orientation & Development)	$159,022	$0	$48,057
Daniel Boulter (Chief Plant Operator)	$152,489	$0	$71,378
Jeff Fisher (Operator 1 Maintenance)	$150,136	$0	$57,894
Terry Lautner (Chairperson Of The Board)	$30,600	$500	$0
Shirley Sprague (Board Treasurer)	$26,700	$0	$0
Gerry Bundle (Vice Chairperson Of Board)	$23,500	$0	$0
Mark Carson (Director)	$23,000	$0	$0
Rob Hunter (Director)	$23,000	$0	$0
Kurt Krajniak (Director)	$23,000	$0	$0
Ed Oplinger (Director)	$21,500	$0	$0
Clarence Barth (Director)	$21,000	$0	$0
Paul Byl (Board Secretary)	$19,550	$550	$3,450
Mike Kuhn (Director)	$18,500	$0	$0
Melinda Lautner (Director)	$11,500	$0	$12,500
Tom Van Pelt (Director)	$11,500	$0	$11,500
Richard Evans Partial Year (Director)	$9,500	$0	$0
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990

Filed on Nov. 8, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$464,201,273

Expenses

$463,058,988

Net Income

$1,142,285

Net Assets

$214,161,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$463,439,928	99.8%
Investment Income	$749,845	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,552,090
Net Inventory Sales	$0
Other Revenue	$1,563,590	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,220,852	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,766,775	2.5%

Assets/Debt
Total Assets	$915,295,568
Total Liabilities	$701,134,119
Net Assets	$214,161,449

Club or Co-Op Income
Income From Members	$37,973,371
Income From Other Sources	-$61,311,946

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Baker (President / Ceo)	$3,072,101	$0	$98,420
Craig Borr (Executive Vice President)	$474,539	$0	$96,414
Joseph Baumann (Vp / General Council)	$311,740	$0	$73,114
Zach Anderson (Vp / Cfo)	$230,330	$0	$81,671
Tim Martin (Vp Of Engineering & Operations)	$227,942	$0	$77,252
Dan Decoeur (Vp)	$218,842	$0	$63,771
Dawn Coon (Vp Of Business Solutions & Member Services)	$191,654	$0	$68,951
Kacy Wickenhauser (Vp Of Human Resources)	$188,902	$0	$45,304
Dan Calverley (Vp Of Generation)	$179,210	$0	$67,061
Daniel Boulter (Chief Plant Operator)	$155,264	$0	$44,556
Brian Valice (Staff Attorney)	$141,897	$0	$61,981
Michael Wood (Generation Manager)	$138,630	$0	$40,963
Terry Lautner (Chairperson Of The Board)	$27,100	$1,500	$0
Shirley Sprague (Board Treasurer)	$23,700	$0	$0
Dale Farrier (Director)	$22,500	$0	$0
Rob Hunter (Director)	$22,500	$0	$0
Ray Laclair (Director)	$22,500	$0	$0
Ed Oplinger (Director)	$22,500	$0	$0
Larry Monshor (Vice Chairperson Of Board (Jan Dec))	$21,000	$0	$0
Clarence Barth (Director)	$20,500	$0	$0
Paul Byl (Board Secretary)	$18,275	$1,650	$3,225
Gerry Bundle Partial Year (Vice Chairperson Of Board (Dec))	$15,500	$0	$0
Kurt Krajniak (Director (Partial Year))	$15,500	$0	$0
Melinda Lautner (Director)	$13,500	$0	$9,000
Tom Van Pelt (Director)	$12,250	$0	$12,250
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990

Filed on Nov. 16, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$435,826,214

Expenses

$434,073,653

Net Income

$1,752,561

Net Assets

$212,109,125

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$434,865,285	99.8%
Investment Income	$1,598,067	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,759,671
Net Inventory Sales	$0
Other Revenue	$1,122,533	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,176,556	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,727,035	2.9%

Assets/Debt
Total Assets	$858,746,678
Total Liabilities	$646,637,553
Net Assets	$212,109,125

Club or Co-Op Income
Income From Members	$29,064,064
Income From Other Sources	-$50,562,163

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President & Ceo)	$759,548	$0	$69,860
Craig Borr (Executive Vice President)	$434,958	$0	$68,074
Joe Baumann (Vp And General Council)	$251,515	$0	$50,061
Timothy Martin (Vp Of Engineering & Operations)	$219,840	$0	$57,948
Dan Decoeur (Vp Of Operations (Partial Year))	$218,527	$0	$58,633
Zachary Anderson (Cfo/Vp)	$203,807	$0	$60,504
Dawn Coon (Vp Of Business Solutions & Member Services)	$197,265	$0	$57,660
Kim Molitor (President & Ceo Of Spartan (Partial Year))	$195,955	$0	$35,425
Sam Hogg (Director Of Business Origination)	$180,697	$0	$36,817
Dan Calverley (Vp Of Generation)	$166,800	$0	$50,679
Craig Borton (Vp Of Human Resources (Partial Year))	$140,597	$0	$29,195
Edward Straathof (Journeyman Lineman)	$140,117	$0	$39,412
Jesse Gunther (Generation Manager)	$139,816	$0	$43,021
Terry Lautner (Chairman Of The Board)	$32,600	$0	$0
John Brown (Director)	$26,200	$0	$0
Larry Monshor (Vice Chairman Of The Board)	$25,500	$0	$0
Shirley Sprague (Director)	$25,000	$0	$0
Dale Farrier (Director)	$22,500	$0	$0
Ed Oplinger (Director)	$22,500	$0	$0
Ray Leclair (Director)	$20,500	$0	$0
Clarence Barth (Director)	$19,500	$0	$0
Paul Byl (Secretary)	$19,125	$0	$3,375
Robert Hunter (Director (Partial Year))	$16,500	$0	$0
Melinda Lautner (Director)	$14,700	$0	$9,800
Tom Van Pelt (Director)	$12,500	$0	$12,500
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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$476,602,350

Expenses

$475,561,367

Net Income

$1,040,983

Net Assets

$210,420,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$475,487,129	99.8%
Investment Income	$811,748	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$851,949
Net Inventory Sales	$0
Other Revenue	$1,155,422	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,028,935	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,080,211	2.5%

Assets/Debt
Total Assets	$778,347,522
Total Liabilities	$567,926,822
Net Assets	$210,420,700

Club or Co-Op Income
Income From Members	$17,160,666
Income From Other Sources	-$45,244,700

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President & Ceo)	$741,055	$0	$132,358
Craig Borr (Executive Vice Preseident)	$421,903	$0	$98,944
Joe Baumann (Vp And General Council)	$235,003	$0	$51,322
Kim Molitor (President & Ceo Of Spartan)	$216,831	$0	$49,274
Craig Borton (Vp Of Human Resources)	$211,599	$0	$66,503
Dan Decoeur (Vp Of Operations)	$204,079	$0	$66,950
Zachary Anderson (Cfo Beginning 12/19)	$196,053	$0	$61,222
Timothy Martin (Vp Of Engineering)	$175,359	$0	$55,208
Sam Hogg (Director Of Business Origination)	$175,216	$0	$18,697
Dawn Coon (Vp Of Administration)	$172,669	$0	$58,065
Brian Warner (Vp Of Environmental Services)	$170,250	$0	$54,418
Dan Calverley (Vp Of Generation)	$163,903	$0	$46,433
Ronald Mccullick (Interim Cfo Thru 06/19)	$147,736	$0	$45,548
Kimberly Manuel (Project Manager)	$147,383	$0	$29,863
Daniel Van Slembrouck (Technical Services Manager)	$138,243	$0	$51,011
Brian Valice (Staff Attorney)	$137,243	$0	$55,589
Drew Dunagin (Cfo 06/19 11/19)	$131,158	$0	$22,981
Janet Kass (Former Cfo (Prior To 2018))	$127,163	$0	$64,372
Terry Lautner (Chairman Of The Board)	$29,200	$900	$0
Dale Farrier (Director)	$28,700	$0	$0
John Brown (Director)	$26,200	$0	$0
Arell Chapman (Director)	$25,000	$0	$0
Shirley Sprague (Director)	$25,000	$0	$0
Kurt Krajniak (Director)	$24,500	$0	$0
Larry Monshor (Vice Chairman Of The Board)	$24,000	$0	$0
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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$433,603,930

Expenses

$432,336,084

Net Income

$1,267,846

Net Assets

$205,841,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$432,629,502	99.8%
Investment Income	$795,548	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,247,329
Net Inventory Sales	$0
Other Revenue	$1,426,209	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,107,681	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,161,725	2.8%

Assets/Debt
Total Assets	$731,279,326
Total Liabilities	$525,438,162
Net Assets	$205,841,164

Club or Co-Op Income
Income From Members	$31,860,714
Income From Other Sources	-$40,970,609

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President & Ceo)	$681,981	$0	$116,195
Craig Borr (Executive Vice Preseident)	$376,798	$0	$88,607
Janet Kass (Chief Financial Officer)	$221,379	$0	$67,689
Dan Decoeur (Vp Of Operations)	$199,663	$0	$64,435
Kim Molitor (President & Ceo Of Spartan & Wpmc)	$198,189	$0	$44,791
Craig Borton (Vp Of Human Resources)	$197,874	$0	$64,654
Joe Bauman (Vp And General Council)	$183,362	$0	$26,691
Zachary Anderson (Vice President Of Power Supply)	$163,222	$0	$41,940
Brian Warner (Vp Of Environmental Strategy)	$162,627	$0	$51,646
Dan Calverley (Director Of Generation)	$148,763	$0	$44,932
Timothy Martin (Vp Of Engineering)	$142,101	$0	$48,485
Dawn Coon (Vice President Of Administration)	$141,368	$0	$39,580
Brian Valice (Staff Attorney)	$134,488	$0	$51,749
Don Heffelfinger (Senior Maintenance Engineer)	$126,910	$0	$43,761
Ronald Mccullick (Interim Chief Financial Officer)	$113,767	$0	$18,874
Dale Farrier (Chairman Of The Board)	$33,600	$0	$0
John Brown (Treasurer Director)	$28,200	$0	$0
Larry Monshor (Director)	$27,500	$0	$0
Terry Lautner (Vice Chairman Of The Board)	$27,000	$1,350	$0
Kurt Krajniak (Director)	$26,500	$0	$0
Shirley Sprague (Director)	$24,500	$0	$0
Ed Oplinger (Director)	$24,000	$0	$0
Arell Chapman (Director)	$24,000	$0	$0
Ray Leclair (Director)	$23,500	$0	$0
Clarence Barth (Director)	$22,500	$0	$0
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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$431,387,311

Expenses

$420,844,287

Net Income

$10,543,024

Net Assets

$203,101,199

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$431,151,098	99.9%
Investment Income	$1,444,824	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$2,082,631
Net Inventory Sales	$0
Other Revenue	$874,020	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,505,965	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,938,662	2.4%

Assets/Debt
Total Assets	$726,863,919
Total Liabilities	$523,762,720
Net Assets	$203,101,199

Club or Co-Op Income
Income From Members	$43,980,633
Income From Other Sources	-$46,065,794

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President & Ceo)	$613,814	$0	$77,272
Craig Borr (Executive Vice President)	$367,348	$0	$77,272
Janet Kass (Chief Financial Officer)	$238,202	$0	$58,493
Craig Borton (Vp Of Human Resources)	$207,618	$0	$59,472
Kimberly Molitor (Vp Of Business Development)	$192,969	$0	$42,311
Dan Decoeur (Vp Of Operation)	$191,180	$0	$62,520
Brian Warner (Vp Of Environmental Strategy)	$161,284	$0	$49,454
Timothy Martin (Vp Of Engineering)	$152,940	$0	$39,759
Brian Valice (Staff Attorney)	$137,691	$0	$49,688
Charles Sheldon (Chief P Lant Operator)	$136,624	$0	$19,625
Daniel Calverley (Director Of Generation)	$129,217	$0	$41,376
Scott La Chonce (Ecc O Peration Supervisor)	$121,459	$0	$37,571
Donald Heffelfinger (Senior Maintenance Engineer)	$120,538	$0	$42,042
John Brown (Treasurer)	$27,200	$0	$0
Dale Farrier (Vice Chair And Chairman)	$26,800	$0	$0
Kurt Krajniak (Director)	$25,500	$0	$0
Richard Walsworth (Director)	$21,900	$1,800	$0
Wayne Swiler (Director)	$20,500	$0	$0
Paul Byl (Secretary)	$20,400	$2,000	$3,600
Clarence Barth (Director)	$19,500	$0	$0
Ray Le Clair (Director)	$19,000	$0	$0
Terry Lautner (Director And Vice Chair)	$18,500	$1,800	$0
Laurence Monshor (Director)	$18,000	$0	$0
Ed Oplinger (Director)	$18,000	$0	$0
Thomas Van Pelt (Director)	$17,900	$0	$0
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990

Filed on Nov. 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$389,169,068

Expenses

$365,777,755

Net Income

$23,391,313

Net Assets

$200,769,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$387,311,749	99.5%
Investment Income	$1,276,262	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$772,291
Net Inventory Sales	$0
Other Revenue	$1,353,348	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,740,719	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,519,342	2.3%

Assets/Debt
Total Assets	$732,042,364
Total Liabilities	$531,273,101
Net Assets	$200,769,263

Club or Co-Op Income
Income From Members	$32,178,918
Income From Other Sources	-$30,388,862

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric Baker (President/Ceo)	$599,972	$0	$71,321
Craig Borr (Executive Vice President)	$356,110	$0	$71,321
Janet Kass (Chief Financial Officer)	$251,074	$0	$57,644
Daniel De Coeur (Chief Operating Officer)	$216,853	$0	$56,826
Craig Borton (Vp Human Resources)	$208,112	$0	$52,096
Brian Warner (Vp Environmental Strategy)	$180,265	$0	$46,781
Kimberly Molitor (Vp External Affairs)	$177,237	$0	$39,155
Richard R Kehl (Controller)	$169,884	$0	$32,278
Danny Janway (Vp Construction)	$153,128	$0	$48,956
Brian Valice (Staff Attorney)	$141,193	$0	$44,236
Timothy Martin (Manager Of Energy Operations)	$120,603	$0	$35,776
Donald Heffelfinger (Manager Of Engineering)	$118,800	$0	$37,744
Richard Walsworth (Chairman Of The Board)	$34,600	$0	$0
John Brown (Treasurer)	$27,000	$0	$0
Richard Deneweth (Vice Chair Of The Board)	$25,000	$0	$0
David Smith (Current Director)	$24,500	$0	$0
Dean Floria (Current Director)	$23,500	$0	$0
Clarence Barth (Current Director)	$23,000	$0	$0
Mike Mc Donald (Current Director)	$22,500	$0	$0
Wayne Swiler (Current Director)	$22,500	$0	$0
Paul Byl (Secretary)	$22,100	$0	$3,900
Kurt Krajniak (Current Director)	$21,000	$0	$0
Ron Armstrong (Current Director)	$20,500	$0	$0
Dale Farrier (Current Director)	$19,500	$0	$0
Hansen Laverne (Former Director)	$18,000	$0	$0
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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$403,110,457

Expenses

$386,387,241

Net Income

$16,723,216

Net Assets

$180,237,624

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$340,998,209	84.6%
Investment Income	$1,609,343	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$606,855
Net Inventory Sales	$0
Other Revenue	$61,109,760	15.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,173,318	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$412,675	0.1%

Assets/Debt
Total Assets	$622,631,088
Total Liabilities	$442,393,464
Net Assets	$180,237,624

Club or Co-Op Income
Income From Members	$38,460,335
Income From Other Sources	-$10,492,027

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President/Ceo)	$579,570	$0	$64,429
Craig Borr (Executive Vice President)	$344,997	$0	$64,429
Daniel Decoeur (Chief Operating Officer)	$216,495	$0	$51,095
Janet Kass (Chief Financial Officer)	$209,420	$0	$51,556
Danny Janway (Vp Construction)	$191,080	$0	$48,825
Craig S Borton (Vp Human Resources)	$181,977	$0	$46,400
Kimberly B Molitor (Vp External Affairs)	$176,787	$0	$35,203
Brian L Warner (Vp Environmental Strategy)	$170,863	$0	$41,700
Brian E Valice (Staff Attorney)	$132,827	$0	$40,374
Richard R Kehl (Controller)	$132,495	$0	$29,465
Donald P Heffelfinger (Manager Of Engineering)	$124,294	$0	$35,280
Timothy Martin (Manager Of Energy Operations)	$118,411	$0	$32,881
Robert J Siekas (Transmission Line Project Manager)	$107,195	$0	$32,577
Richard Walsworth (Chairman Of Board)	$32,100	$0	$4,859
John Brown (Director)	$25,500	$0	$3,860
Dean Floria (Director)	$25,000	$0	$3,784
Richard Deneweth (Vice Chairman Of Board)	$24,000	$0	$3,633
Robert Thurow (Director)	$24,000	$0	$3,633
Jerry Akers (Board Treasurer)	$23,700	$0	$3,588
Michael Mcdonald (Director)	$22,500	$450	$3,406
Wayne Swiler (Director)	$22,500	$0	$3,406
Paul Byl (Board Secretary)	$20,825	$450	$3,406
Clarence Barth (Director)	$19,500	$0	$2,952
Ron Armstrong (Director)	$18,000	$0	$2,725
Allan Bruder (Former Director)	$18,000	$0	$2,725
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990

Filed on Nov. 6, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$376,476,436

Expenses

$355,224,866

Net Income

$21,251,570

Net Assets

$171,721,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$331,941,774	88.2%
Investment Income	$1,250,932	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,107,780
Net Inventory Sales	$0
Other Revenue	$44,391,510	11.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,007,792	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$763,142	0.2%

Assets/Debt
Total Assets	$636,905,682
Total Liabilities	$465,184,481
Net Assets	$171,721,201

Club or Co-Op Income
Income From Members	$56,917,693
Income From Other Sources	-$23,180,087

Compensation

Key Employees and Officers	Compensation	Related	Other
Eric D Baker (President/Ceo)	$629,238	$0	$65,506
Craig Borr (Executive Vice President)	$352,171	$0	$65,506
Janet Kass (Chief Financial Officer)	$230,500	$0	$47,739
Daniel Decoeur (Chief Operating Officer)	$211,876	$0	$48,505
Danny Janway (Vp Construction)	$191,768	$0	$49,282
Craig S Borton (Vp Human Resources)	$188,545	$0	$45,651
Kimberly B Molitor (Vp External Affairs)	$184,463	$0	$41,394
Brian L Warner (Vp Environmental Strategy)	$169,448	$0	$38,858
Brian E Valice (Staff Attorney)	$149,412	$0	$39,510
Daniel M Wilkinson (Manager Of Engineering)	$146,720	$0	$36,144
Richard R Kehl (Controller)	$133,237	$0	$29,839
David N Robinette (Manager Of Production)	$113,078	$0	$33,398
James Tucker (Chief Operator)	$112,418	$0	$29,059
Richard Walsworth (Chairman)	$32,100	$0	$5,195
Allen Barr (Director)	$25,700	$0	$4,159
John Brown (Director)	$24,700	$0	$3,997
Richard Deneweth (Vice Chairman)	$24,450	$0	$3,957
John Pope (Director)	$24,200	$450	$3,916
Jerry Akers (Treasurer)	$23,750	$0	$3,843
Wayne Swiler (Director)	$22,700	$0	$3,673
Dean Floria (Director)	$22,700	$0	$3,673
Robert Thurow (Director)	$22,200	$0	$3,593
Michael Mcdonald (Director)	$21,700	$450	$3,512
Paul Byl (Secretary)	$19,295	$450	$3,122
Allan Bruder (Former Director)	$18,000	$0	$2,913
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990

Filed on Nov. 10, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2012

Revenue

$380,645,333

Expenses

$360,682,714

Net Income

$19,962,619

Net Assets

$153,751,859

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$333,231,365	87.5%
Investment Income	$1,021,732	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$837,598
Net Inventory Sales	$0
Other Revenue	$47,229,834	12.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,490,393	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,319,673	0.4%

Assets/Debt
Total Assets	$498,341,082
Total Liabilities	$344,589,223
Net Assets	$153,751,859

Club or Co-Op Income
Income From Members	$57,641,950
Income From Other Sources	-$23,613,009

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$346,925,806

Expenses

$334,687,290

Net Income

$12,238,516

Net Assets

$135,869,862

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$270,143,268	77.9%
Investment Income	$1,037,590	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$731,280
Net Inventory Sales	$0
Other Revenue	$76,476,228	22.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,088,314	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,481,475	0.4%

Assets/Debt
Total Assets	$472,088,417
Total Liabilities	$336,218,555
Net Assets	$135,869,862

Club or Co-Op Income
Income From Members	$37,313,547
Income From Other Sources	-$12,011,693

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

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Updated December 20, 2024

Wolverine Power Supply Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $540M (2023)

Expenses $540M (2023)

Total Assets $1.07B (2023)

Total Liabilities $826M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$540M (2023)

Expenses

$540M (2023)

Total Assets

$1.07B (2023)

Total Liabilities

$826M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004