Civic Intelligence

Midwest Energy Cooperative

990 • Fiscal year 2015 • EIN 38-3386126

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization Profilewww.teammidwest.com

View Organization Page

PO Box 127 901 E State StCassopolis, MI 49031

(269) 445-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.70x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

56th percentile

1.41x

Higher debt load relative to revenue than 56% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$412,946

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Asset Growth

95th percentile

14%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

1.5%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$162,835,346

Up $19,527,683 (+14%) from 2014

Net Assets

Up

$48,978,235

Up $6,975,459 (+17%) from 2014

Liabilities

Up

$113,857,111

Up $12,552,224 (+12%) from 2014

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin47th percentile

Revenue

Up

$80,637,368

Up $1,173,258 (+1.5%) from 2014

Expenses

Up

$80,637,368

Up $3,620,186 (+4.7%) from 2014

Net Income

Down

$0

Down $2,446,928 (-100%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $126,925,953Liabilities 2010: $91,990,685Net Assets 2010: $34,935,2682010Assets 2011: $127,682,544Liabilities 2011: $94,589,759Net Assets 2011: $33,092,7852011Assets 2012: $134,993,772Liabilities 2012: $99,663,252Net Assets 2012: $35,330,5202012Assets 2013: $142,427,164Liabilities 2013: $98,597,455Net Assets 2013: $43,829,7092013Assets 2014: $143,307,663Liabilities 2014: $101,304,887Net Assets 2014: $42,002,7762014Assets 2015: $162,835,346Liabilities 2015: $113,857,111Net Assets 2015: $48,978,2352015Assets 2016: $201,018,832Liabilities 2016: $148,050,189Net Assets 2016: $52,968,6432016Assets 2017: $242,321,679Liabilities 2017: $186,122,325Net Assets 2017: $56,199,3542017Assets 2018: $267,956,164Liabilities 2018: $206,699,861Net Assets 2018: $61,256,3032018Assets 2019: $273,954,360Liabilities 2019: $208,378,139Net Assets 2019: $65,576,2212019Assets 2020: $296,468,221Liabilities 2020: $225,923,338Net Assets 2020: $70,544,8832020Assets 2021: $334,250,567Liabilities 2021: $246,160,758Net Assets 2021: $88,089,8092021Assets 2022: $400,689,871Liabilities 2022: $293,301,555Net Assets 2022: $107,388,3162022Assets 2023: $480,967,655Liabilities 2023: $345,509,162Net Assets 2023: $135,458,4932023Assets 2024: $592,487,549Liabilities 2024: $418,600,189Net Assets 2024: $173,887,3602024

Highlighted filing

2015

Assets$162,835,346
Liabilities$113,857,111
Net Assets$48,978,235
Open 2015 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $65,429,9972010Expenses 2011: $67,937,8272011Expenses 2012: $72,555,5332012Revenue 2013: $76,822,267Expenses 2013: $73,058,438Net Income 2013: $3,763,8292013Revenue 2014: $79,464,110Expenses 2014: $77,017,182Net Income 2014: $2,446,9282014Revenue 2015: $80,637,368Expenses 2015: $80,637,368Net Income 2015: $02015Revenue 2016: $87,182,218Expenses 2016: $87,182,218Net Income 2016: $02016Revenue 2017: $90,511,003Expenses 2017: $90,511,003Net Income 2017: $02017Revenue 2018: $97,253,649Expenses 2018: $96,315,846Net Income 2018: $937,8032018Revenue 2019: $101,534,792Expenses 2019: $100,771,187Net Income 2019: $763,6052019Revenue 2020: $105,303,622Expenses 2020: $104,429,736Net Income 2020: $873,8862020Revenue 2021: $119,294,620Expenses 2021: $118,245,854Net Income 2021: $1,048,7662021Revenue 2022: $134,375,062Expenses 2022: $133,311,610Net Income 2022: $1,063,4522022Revenue 2023: $146,613,441Expenses 2023: $145,147,935Net Income 2023: $1,465,5062023Revenue 2024: $168,084,071Expenses 2024: $167,152,597Net Income 2024: $931,4742024

Highlighted filing

2015

Revenue$80,637,368
Expenses$80,637,368
Net Income$0
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$80,686,839
Mission and Program Overview

Mission

Provide electric power to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$111,062,574$122,177,807▲ $11,115,233
Rtn Earn Endowment Incm Other Fnds$42,002,776$48,978,235▲ $6,975,459
Investments Other Securities$24,681,120$27,410,222▲ $2,729,102
Accounts Receivable$3,526,968$7,323,135▲ $3,796,167
Inventories for Sale or Use$1,045,791$2,288,301▲ $1,242,510
Cash and Non-Interest-Bearing Accounts$1,836,489$2,133,334▲ $296,845
Other Notes and Loans Receivable, Net$188,892$628,189▲ $439,297
Prepaid Expenses and Deferred Charges$539,539$351,135▼ $188,404
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$143,307,663$162,835,346▲ $19,527,683
Other Assets Total$426,290$523,223▲ $96,933
Liabilities
Mortgage Notes Payable Secured by Investment Property$80,082,346$91,727,251▲ $11,644,905
Accounts Payable and Accrued Expenses$16,168,541$18,575,860▲ $2,407,319
Other Liabilities$5,000,000$3,500,000▼ $1,500,000
Deferred Revenue$54,000$54,000→ $0
Total Liabilities$101,304,887$113,857,111▲ $12,552,224
Net Assets / Fund Balance
Total Net Assets Fund Balance$42,002,776$48,978,235▲ $6,975,459
Total Liabilities and Net Assets / Fund Balance$143,307,663$162,835,346▲ $19,527,683

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$122,177,807$58,816,737$180,994,544
Other Securities$1,758,337--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert HanceCEO/ PresidentFT$287,103$125,843$412,946
John MinerCFOFT$148,311$54,953$203,264
Terry RubenthalerCTOFT$147,448$32,132$179,580
Thomas BaumeisterLineman in ChargeFT$113,230$42,941$156,171
Michael MillerLineman in ChargeFT$116,727$29,369$146,096
Gregory HodgsonLinemanFT$115,620$29,912$145,532
Mark ValentineLinemanFT$115,183$12,822$128,005
Dave AllenVP Reg Comp & Comm DevelFT$113,704$10,665$124,369
Clarence BarthChairman-$19,250$13$19,263
ronald ArmstrongDirector-$15,200$13$15,213
Fred TurkDirectorPT$14,000$13$14,013
James DickersonDirector-$12,700$13$12,713
John GreenTreasurer-$11,200$13$11,213
Kenneth SwopeFormer Vice Chairman-$10,700$3$10,703
Harold GentzDirector-$9,200$13$9,213
Colyne SorsbySecretary-$8,200$5$8,205
Ben RussellVice Chairman-$5,700$8$5,708
Dwain Arell ChapmanDirector-$1,800$1$1,801

Highest Paid Contractors

ContractorServicesLocationCompensation
Western Tel ComContractor-ConstructionPO Box 1317, Holland, MI 49422$3,366,795
Green Leaf Tree ServiceContractor- Tree Work5280 Engle Rd, Middleville, MI 49333$2,162,199
Pulse Broadband LLCContractor-Construction18044 Shepherd Valley Road, Wildwood, MO 63038$1,198,252
Mint City TreeContractor- Tree Work6329 Elm Road, Bremen, IN 46506$885,465
MecaEnergy Optimization7973 East Grand River Ave, Portland, MI 48875$866,639
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$76,435,570
Investment Income
$3,596,052
Other Revenue
$605,746
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$80,596,389
Revenue Not Reported on Financial Statements
$40,979
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$40,979
Total Revenue per Audited Statements
$80,596,389
Total Revenue per Form 990
$80,637,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,214,574
Salaries, Compensation, and Employee Benefits$3,094,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$5,234,755
Interest---$3,734,999
Benefits to Members---$2,327,833
Other Expenses---$2,021,048
Pension Plan Contributions---$1,298,627
Current Officers, Directors, Trustees, and Key Employees---$892,836
Other Salaries and Wages---$836,653
All Other Expenses---$668,400
Fees for Services Legal---$237,670
Fees for Services Accounting---$103,456
Other Employee Benefits---$66,845
Total Functional Expenses$0$0$0$80,637,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$80,637,368
Expenses per Audited Statements$78,268,556
Total Expenses per Audited Statements$78,268,556
Expenses Not Reported on Financial Statements$2,368,812
Other Expense Adjustments$2,368,812
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joshua HanceSon of CEOEmployee of CooperativeNo$54,883
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit Pscr Payable$3,500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Clarence Barth and Ronald Armstrong served on the board of the same tax exempt entity.”

Form 990, Part VI, Section A, line 4

“The MPSC has jurisdiction over regulated Rural Electric Cooperatives in Michigan. On May 24, 2015, the Board of Directors voted to become memberregulated as of August 24, 2015. On that date, the Cooperative became selfregulated for rates, billing practices, and accounting standards. All other aspects of electric service continue to be regulated by MPSC.”

Form 990, Part VI, Section A, line 6

“Members elect the Board of Directors by region.”

Form 990, Part VI, Section A, line 7A

“The organization is a cooperative formed to provide utility service to its members. The members elect the governing body and approve changes in the by-laws. Members are entitled to one vote upon each matter submitted to a vote of the members.”

Form 990, Part VI, Section B, line 11

“Reviewed by CFO, then presented to the Board of Directors.”

Form 990, Part VI, Section B, line 12C

“Policy enforced by review of Coop records and reporting disclosures.”

Form 990, Part VI, Section B, line 15A

“AMOUNT OF CEO COMPENSATION IS DETERMINED BY BOARD POLICY NUMBER B-04. THE AMOUNT OF COMPENSATION IS CACULATED USING COMPARABLE DATA, BOTH INDUSTRY AND NON-INDUSTRY SPECIFIC. The compensation committee reviews and approves the data annually. The most recent review occurred in March 2016.”

Form 990, Part VI, Section C, line 19

“Governing documents are made available on the cooperative website.”

Filing and Contact Details

Filer

Filer Name
Midwest Energy Cooperative
EIN
38-3386126
Phone
2694451000
Address
PO Box 127 901 E State St, Cassopolis, MI 49031

Signing Officer

Name
Todd R Crandall
Title
CFO
Phone
2694451028
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Hance
Formed
1998
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
124
Volunteers
0

Preparer

Firm
Moss Adams LLP
Address
601 W Riverside Avenue Ste 1800, Spokane, WA 99201
Preparer
Cheri R Burnham CPA
Phone
5097472600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Unrealized gain (loss) on pension and post-retirement Benefits other than pensions 63,247. Retirement of capital credits -216,925. Other equity additions 21,006. Amount of benefits paid to members per 990 instructions, interpreted to equal net margins as that is the equivalent of the benefits members receive in the current year 2,327,833.”

Financial Statement Notes

Part X, Line 2:

“The cooperative is exempt from federal and state income taxes under section 501(c)(12) of the internal revenue code. The cooperative adopted financial accounting standards board (fasb) accounting standards codification (asc) 740-10, relating to accounting for uncertain tax positions. As of december 31, 2015 and 2014, the cooperative does not have any uncertain tax positions. The cooperative files an exempt organization tax return in the u.s. Federal jurisdiction.”

Part XI, Line 4B - Other Adjustments:

“Net Merchandising Income 11,606. Sale of Assets 11,857. Other Income 17,516.”

Part XII, Line 4B - Other Adjustments:

“Benefits Paid to Members 2,327,833. Net Merchandising Income 11,606. Sale of Assets 11,857. Other Income 17,516.”

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1429912
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1512822
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1610665
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1742941
IRS990/Form990PartVIISectionAGrp/PersonNm0James Dickerson
IRS990/Form990PartVIISectionAGrp/PersonNm1Harold Gentz
IRS990/Form990PartVIISectionAGrp/PersonNm2Dwain Arell Chapman
IRS990/Form990PartVIISectionAGrp/PersonNm3ronald Armstrong
IRS990/Form990PartVIISectionAGrp/PersonNm4Fred Turk
IRS990/Form990PartVIISectionAGrp/PersonNm5Ben Russell
IRS990/Form990PartVIISectionAGrp/PersonNm6Clarence Barth
IRS990/Form990PartVIISectionAGrp/PersonNm7Kenneth Swope
IRS990/Form990PartVIISectionAGrp/PersonNm8Colyne Sorsby
IRS990/Form990PartVIISectionAGrp/PersonNm9John Green
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT HANCE
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN MINER
IRS990/Form990PartVIISectionAGrp/PersonNm12TERRY RUBENTHALER
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm14GREGORY HODGSON
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK VALENTINE
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVE ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm17THOMAS BAUMEISTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt012700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt414000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt55700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt619250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt710700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt88200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt911200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10287103
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11148311
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12147448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13116727
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14115620
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15115183
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16113704
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17113230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Former Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO/ PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CTO
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINEMAN IN CHARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP REG COMP & COMM DEVEL
IRS990/Form990PartVIISectionAGrp/TitleTxt17LINEMAN IN CHARGE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt011857
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt022276
IRS990/GrossReceiptsAmt080686839
IRS990/GrossSalesOfInventoryAmt050658
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt022
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt03734999
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01045791
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02288301
IRS990/InvestmentIncomeGrp/ExclusionAmt0404750
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03179445
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03584195
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt024681120
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt027410222
IRS990/IRPDocumentCnt056
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt058816737
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0111062574
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0122177807
IRS990/LandBldgEquipCostOrOtherBssAmt0180994544
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010419
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt077065129
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE ELECTRIC POWER TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt080082346
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt091727251
IRS990/NetAssetsOrFundBalancesBOYAmt042002776
IRS990/NetAssetsOrFundBalancesEOYAmt048978235
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt011857
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011857
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt011606
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt011606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0426290
IRS990/OtherAssetsTotalGrp/EOYAmt0523223
IRS990/OtherChangesInNetAssetsAmt02195161
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066845
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTIONS- MAINTENA
IRS990/OtherExpensesGrp/Desc2CUSTOMER ACCOUNTS
IRS990/OtherExpensesGrp/Desc3TAXES- PROPERTY
IRS990/OtherExpensesGrp/TotalAmt049258950
IRS990/OtherExpensesGrp/TotalAmt19190456
IRS990/OtherExpensesGrp/TotalAmt24764840
IRS990/OtherExpensesGrp/TotalAmt32021048
IRS990/OtherLiabilitiesGrp/BOYAmt05000000
IRS990/OtherLiabilitiesGrp/EOYAmt03500000
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0BOOK INCOME OF SUBSIDIARY
IRS990/OtherRevenueMiscGrp/Desc1Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0576624
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt117516
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0576624
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt117516
IRS990/OtherRevenueTotalAmt0594140
IRS990/OtherSalariesAndWagesGrp/TotalAmt0836653
IRS990/OtherSourcesGrossIncomeAmt0443766
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0188892
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0628189
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01298627
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0539539
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0351135
IRS990/PrincipalOfficerNm0Robert Hance
IRS990/PriorPeriodAdjustmentsAmt04780298
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE FROM MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1Pole Contact Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0214879
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076220691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076220691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1214879
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0163176
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02039810
IRS990/PYOtherExpensesAmt075349703
IRS990/PYOtherRevenueAmt0861922
IRS990/PYProgramServiceRevenueAmt076562378
IRS990/PYRevenuesLessExpensesAmt02446928
IRS990/PYSalariesCompEmpBnftPaidAmt01504303
IRS990/PYTotalExpensesAmt077017182
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt079464110
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt042002776
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt048978235
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02368812
IRS990ScheduleD/ExpensesSubtotalAmt078268556
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt02368812
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122177807
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058816737
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0180994544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT PSCR PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt040979
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09085982
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15433472
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt27827809
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31255571
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41049107
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5608834
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6391110
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt71758337
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PATRONAGE CAPITAL - WVPA
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MIDWEST ENERGY, INC.
IRS990ScheduleD/OtherSecuritiesGrp/Desc2WOLVERINE POWER SUPPLY COOPERATIVE
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CAPITAL TERM CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4PATRONAGE CAPITAL - BUCKEYE POWER

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$162,835,346
Liabilities
$113,857,111
Net assets
$48,978,235
Revenue
$80,637,368
Expenses
$80,637,368
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$592$419$174$168$167$0.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$481$346$135$147$145$1.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$401$293$107$134$133$1.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$334$246$88.1$119$118$1.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$296$226$70.5$105$104$0.87
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$274$208$65.6$102$101$0.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$268$207$61.3$97.3$96.3$0.94
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$242$186$56.2$90.5$90.5$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$201$148$53.0$87.2$87.2$0.00
2015Detailed filing. Detailed filing data is available for this year.$163$114$49.0$80.6$80.6$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$101$42.0$79.5$77.0$2.45
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$98.6$43.8$76.8$73.1$3.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$99.7$35.3$72.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$94.6$33.1$67.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$92.0$34.9$65.4