Nonprofit · EIN 38-1326766
WOLVERINE POWER SUPPLY COOPERATIVE INC
Tax-exempt · CADILLAC, MI 49601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $544,868,259 | $544,868,259 | $0 | $1,162,477,220 | $890,512,943 | $271,964,277 |
| December 31, 2023 | 990 | $540,004,811 | $540,004,811 | $0 | $1,074,978,996 | $825,811,944 | $249,167,052 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $543,017,630
- Investment income
- $609,318
- Royalties
- $339
- Net gain from sales of assets
- -$1,546,210
- Other revenue
- $1,241,311
Expenses
- Grants and similar amounts paid
- $88,203
- Benefits paid to members
- $22,481,681
- Compensation of officers, directors and key employees
- $3,017,131
- Other salaries and wages
- $19,699,258
- Salaries, compensation and benefits (total)
- $33,100,725
- Professional fundraising fees
- $0
- Legal fees
- $501,945
- Accounting fees
- $108,655
- Occupancy
- $625,405
- Travel
- $856,714
- Depreciation
- $38,882,778
Balance sheet and other
- Total assets, start of year
- $1,074,978,996
- Total assets, end of year
- $1,162,477,220
- Total liabilities, end of year
- $890,512,943
- Net assets, end of year
- $271,964,277
- Land, buildings and equipment
- $1,025,318,017
- Gross unrelated business income
- $114,589,483
- Gross receipts
- $546,548,207
- Employees
- 198
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Eric Baker | President & CEO Officer | 50 | $971,232 | $0 | $313,880 |
| Craig Borr | Executive Vice President Highest-paid employee | 4.8 | $499,526 | $0 | $198,183 |
| Daniel Calverley | VP of Generation & Operations Highest-paid employee | 50 | $257,284 | $0 | $257,958 |
| Zachary Anderson | Chief Operating Officer Key employee | 50 | $353,716 | $0 | $149,630 |
| Joseph Baumann | Chief Legal Officer Key employee | 45 | $358,010 | $0 | $134,312 |
| Kacy Wickenhauser | Chief Human Resources Officer Key employee | 50 | $276,940 | $0 | $129,610 |
| Dawn Coon | VP of Administration Highest-paid employee | 50 | $219,232 | $0 | $147,761 |
| Dustan Daniel | VP of Accounting & Finance Highest-paid employee | 45 | $233,560 | $0 | $109,221 |
| Jeffrey Fisher | Operator I - Maintenance Highest-paid employee | 56.7 | $197,561 | $0 | $81,949 |
| Terry Lautner | Director Trustee or director | 2.8 | $25,000 | $500 | $0 |
| Melinda Lautner | Director / Vice Chair Trustee or director, Officer | 3.2 | $12,500 | $0 | $12,500 |
| John Brown | Director Trustee or director | 4.1 | $25,000 | $0 | $0 |
| Shirley Sprague | Director / Treasurer Trustee or director, Officer | 2.1 | $12,100 | $0 | $11,600 |
| Ric Evans | Director Trustee or director | 3.1 | $23,500 | $0 | $0 |
| Paul Byl | Director / Secretary Trustee or director, Officer | 2.1 | $19,125 | $500 | $3,375 |
10 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rence Meredith | Director Trustee or director | 2.7 | $11,250 | $11,250 |
| Mark Carson | Director Trustee or director | 1.7 | $22,000 | $0 |
| John Lord | Director Trustee or director | 1.3 | $21,500 | $0 |
| Dave Schweitzer | Director (Apr - Dec) Trustee or director | 0.9 | $17,500 | $0 |
| Sandra Borowicz | Director (Jun - Dec) Trustee or director | 0.7 | $13,500 | $0 |
| Tom Van Pelt | Director (Jan - Mar) Trustee or director | 1.5 | $3,750 | $3,750 |
| Allan Berg | Director (Jan - May) Trustee or director | 0.8 | $0 | $5,000 |
| Gerry Bundle | Director / Chair Trustee or director, Officer | 2.4 | $0 | $0 |
| Clarance Barth | Director Trustee or director | 2.4 | $0 | $0 |
| Rob Hunter | Director Trustee or director | 0.8 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Eric Baker | PRESIDENT & CEO Officer | 50 | $916,244 | $0 | $290,553 |
| Craig Borr | EXECUTIVE VICE PRESIDENT Highest-paid employee | 48 | $452,361 | $0 | $298,310 |
| Zachary J Anderson | CHIEF OPERATING OFFICER Key employee | 50 | $364,474 | $0 | $147,052 |
| Joseph Baumann | CHIEF LEGAL OFFICER Key employee | 50 | $368,398 | $0 | $131,125 |
| Daniel J Calverley | VP GENERATION & OPERATIONS` Highest-paid employee | 50 | $245,834 | $0 | $249,374 |
| Kacy Wickenhauser | CHIEF HUMAN RESOURCE OFFICER Officer | 50 | $283,524 | $0 | $132,737 |
| Dawn Coon | VP ADMINISTRATION Highest-paid employee | 50 | $209,831 | $0 | $161,754 |
| Daniel H DeCoeur | VICE PRESIDENT Highest-paid employee | 28.4 | $213,116 | $0 | $124,647 |
| Dustan Daniel | VP of Accounting and Finance Highest-paid employee | 48 | $224,918 | $0 | $40,886 |
| Gerry Bundle | DIRECTOR / CHAIR (April - Dec)/ VICE CHAIR (Jan - April) Trustee or director, Officer | 6 | $28,200 | $0 | $0 |
| Terry Lautner | DIRECTOR / CHAIRMAN (Jan - April) Trustee or director, Officer | 8 | $27,400 | $500 | $0 |
| Shirley Sprague | DIRECTOR / TREASURER Trustee or director, Officer | 5.4 | $27,700 | $0 | $0 |
| Tom Van Pelt | DIRECTOR Trustee or director | 6 | $13,250 | $0 | $13,250 |
| John Brown | DIRECTOR Trustee or director | 6 | $26,000 | $0 | $0 |
| Ric Evans | DIRECTOR Trustee or director | 4 | $26,000 | $0 | $0 |
| Allan Berg | DIRECTOR Trustee or director | 4 | $0 | $0 | $25,000 |
| Paul Byl | DIRECTOR / SECRETARY Trustee or director, Officer | 5 | $20,400 | $500 | $3,600 |
| Melinda Lautner | DIRECTOR / VICE-CHAIR (April -Dec) Trustee or director, Officer | 6 | $12,000 | $0 | $12,000 |
| Mark Carson | DIRECTOR Trustee or director | 6 | $24,000 | $0 | $0 |
| Clarance Barth | DIRECTOR Trustee or director | 6 | $23,000 | $0 | $0 |
| Chad Stirrett | DIRECTOR (JAN - AUG.) Trustee or director | 6 | $500 | $0 | $15,000 |
| Kimber Hansen | DIRECTOR (JAN - AUG) Trustee or director | 7.5 | $15,500 | $0 | $0 |
| John Lord | DIRECTOR (AUG - DEC) Trustee or director | 3 | $9,500 | $0 | $0 |
| Rence Meredith | DIRECTOR (SEPT - DEC) Trustee or director | 5 | $3,250 | $0 | $3,250 |
| Rob Hunter | DIRECTOR (compensation paid to charity) Trustee or director | 4.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10125 W WATERGATE RD, CADILLAC, MI 49601-8458
- Principal officer (990 for 2024)
- Eric D Baker, 10125 W Watergate Road, Cadillac, MI 49601
- Signed the 990
- Eric D Baker, President & CEO
- Phone
- (231) 775-7500
- Return prepared by
- CROWE LLP
Mission
Wolverine Power Supply Cooperative, Inc., a Michigan nonprofit cooperative, is dedicated to delivering reliable and competitively priced electric power, while providing exceptional service to its members.
Program accomplishments
- Wolverine proudly provides approximately 60% carbon-free, reliable, and competitively priced power to over 268,000 rural homes and businesses across more than half of Michigan's Lower Peninsula. Committed to innovation and long-term energy solutions, Wolverine is shaping a clean, affordable, and dependable energy future through strategic power supply planning and the development of a flexible transmission system.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1326766
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,162,477,220
- Income (IRS master file)
- $546,548,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $544,868,259 | $544,868,259 | $1,162,477,220 | XML |
| 990 | December 2023 | $540,004,811 | $540,004,811 | $1,074,978,996 | XML |
| 990 | December 2022 | $706,588,810 | $704,772,082 | $1,046,991,533 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1326766).
Questions about WOLVERINE POWER SUPPLY COOPERATIVE INC
- What is the EIN of WOLVERINE POWER SUPPLY COOPERATIVE INC?
- The employer identification number (EIN) of WOLVERINE POWER SUPPLY COOPERATIVE INC is 38-1326766.
- Is WOLVERINE POWER SUPPLY COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1951.
- Are donations to WOLVERINE POWER SUPPLY COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WOLVERINE POWER SUPPLY COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WOLVERINE POWER SUPPLY COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WOLVERINE POWER SUPPLY COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WOLVERINE POWER SUPPLY COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names Eric D Baker.
- Who are the officers and directors of WOLVERINE POWER SUPPLY COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 21 received compensation from the organization, the highest $971,232 (Eric Baker, President & CEO).
- How much revenue does WOLVERINE POWER SUPPLY COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $544,868,259, expenses of $544,868,259 and total assets of $1,162,477,220 at year end.
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