2023-10-30T13:39:04-05:00 2022-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 383386126 MIDWEST ENERGY COOPERATIVE MIDW 2694451000 60590 DECATUR ROAD CASSOPOLIS MI 49031 TODD R CRANDALL CFO 2694451028 2023-10-25 1 TODD CRANDALL 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2023-10-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIDWEST ENERGY COMMUNICATIONS ROBERT HANCE 60590 DECATUR ROAD CASSOPOLIS MI 49031 135258740 0 X WWW.TEAMMIDWEST.COM X 1998 MI PROVIDE ELECTRIC POWER TO MEMBERS 9 9 176 0 3102 10888 0 0 111361545 125251042 1513279 290673 6419796 8833347 119294620 134375062 14807 8000 11733955 17904631 3331501 3031710 0 0 0 103165591 112367269 118245854 133311610 1048766 1063452 334250567 400689871 246160758 293301555 88089809 107388316 PROVIDE ELECTRIC POWER TO MEMBERS 0 0 PROVIDE ELECTRIC POWER TO OVER 37,022 MEMBERS 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 149 0 1 176 1 1 1 0 0 0 0 114395425 5015077 0 0 0 X 9 9 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X TODD R CRANDALL 2694451028 60590 DECATUR ROAD CASSOPOLIS MI 49031 CLARENCE BARTH CHAIRMAN 3.60 X X 15400 0 8 JOHN GREEN TREASURER 2.80 X X 9700 0 13 BEN RUSSELL VICE CHAIRMAN 2.10 X X 8700 0 8 RONALD ARMSTRONG SECRETARY 2.20 X X 9700 0 13 GERRY BUNDLE DIRECTOR 3.90 X 16200 0 13 DANIEL BODETTE DIRECTOR 4.60 X 19200 0 13 ERIKA ESCUE-CADIEUX DIRECTOR 5.80 X 18200 0 13 FRED TURK DIRECTOR 4.20 X 16200 0 13 JAMES DICKERSON DIRECTOR (THRU 8/22) 0.10 X 1700 0 8 JAMES WISELY DIRECTOR 0.70 X 1800 0 3 ROBERT HANCE CEO/PRESIDENT 65.00 5.00 X 457888 0 61587 TERRY RUBENTHALER CTO 50.00 X 358409 0 34852 TODD CRANDALL CFO 55.00 5.00 X 257122 0 32758 CHAD RITCHIE VP ELECTRIC & FIBER OPERATIONS 50.00 X 246235 0 31223 CANDY RIEM VP MARKETING & MEMBER SERVICES 50.00 X 233197 0 30978 KERRI WADE VP EMPLOYEE ENGAGEMENT 50.00 X 221022 0 25155 STEPHEN HUNSBERGER LINEMAN 53.40 X 183505 0 4927 PATRICK HARDING LINEMAN 52.90 X 180862 0 7007 DAVID ALLEN VP REGULATORY & GAS OPERATIONS 49.00 X 168703 0 24015 HENRY KROHNE LINEMAN 52.40 X 166458 0 25273 JAMES HAAS LINEMAN 50.40 X 164949 0 6978 2755150 0 284858 47 0 1 0 COOPERATIVE BUILDING SOLUTIONS 77 WESTPORT PLAZA SUITE 250 SAINT LOUIS MO 63146 CONTRACTOR - CONSTRUCTION 12782170 WESTERN TEL-COM INC PO BOX 1317 A-4273 BLUE STAR HWY HOLLAND MI 49422 CONTRACTOR - CONSTRUCTION 7339929 UTILITY CONTRACTING CO LLC PO BOX 46 SPARTA MI 49345 CONTRACTOR - CONSTRUCTION 6750232 ACE CABLE 53425 HATHAWAY RD MARCELLUS MI 49067 CONTRACTOR - CONSTRUCTION 3343496 CC POWER PO BOX 2028 KALKASKA MI 49646 CONTRACTOR - CONSTRUCTION 3225468 25 ELECTRIC REVENUE FROM MEMBERS 221000 125091953 125091953 POLE CONTACT FEES 221000 159089 159089 125251042 181211 181211 163176 113540 49636 49636 3102 46534 836771 727309 109462 109462 109462 48729 42829 5900 5900 CAPITAL CREDITS 221000 4314688 4314688 RDOF FUNDING 221000 2774706 2774706 BOOK INCOME OF SUBSIDIARY 221000 1063452 1063452 624965 624965 8777811 134375062 133875664 3102 496296 8000 17904631 2129763 190345 391144 320458 186788 97990 6542528 13233365 COST OF POWER 52337545 DISTRIBUTIONS- MAINTENA 17237195 ADMINISTRATION & GENERA 12732030 CUSTOMER ACCOUNTS 5026325 4973503 133311610 15865085 19871856 11556978 13888085 1697824 1632658 5613659 11231158 5170370 4942101 400769387 102188493 248043396 298580894 2832158 3065476 43471097 47477643 334250567 400689871 29969975 20332323 43000 52000 204880106 262710900 11267677 10206332 246160758 293301555 X 0 0 0 0 88089809 107388316 88089809 107388316 334250567 400689871 X 1063452 18235055 X 0 1 X 1 0 5823032 5823032 73023188 17490038 55533150 3618922 1691897 1927025 318304245 83006558 235297687 298580894 PATRONAGE CAPITAL - WVPA 6150298 C MIDWEST ENERGY, INC. 12262962 C WOLVERINE POWER SUPPLY COOPERATIVE 26298708 C CAPITAL TERM CERTIFICATES 1199971 C PATRONAGE CAPITAL - BUCKEYE POWER 1159132 C PATRONAGE CAPITAL - CFC 406572 C 47477643 POST RETIREMENT BENEFITS OTHER THAN PENSIONS 1985491 ACCRUED PENSION LIABILITY 180619 NOTES PAYABLE TO SUBSIDIARY 7172536 CUSTOMER DEPOSITS 867686 10206332 X 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, 2022 AND 2021, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MICHIGAN. 0 SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION 58900 CHERRY GROVE ROAD DOWAGIAC MI 49047 381943374 501(C)(3) 8000 0 GYMNASIUM RENOVATION 1 0 PART I, LINE 2: SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION IS A US ORGANIZATION AND ALL FUNDS ARE USED WITHIN THE US. X X 0 0 0 ROBERT HANCE CEO/PRESIDENT 453681 0 4207 0 0 0 46944 0 14643 0 519475 0 0 0 TERRY RUBENTHALER CTO 358409 0 0 0 0 0 10752 0 24100 0 393261 0 0 0 TODD CRANDALL CFO 257122 0 0 0 0 0 7714 0 25044 0 289880 0 0 0 CHAD RITCHIE VP ELECTRIC & FIBER OPERATIONS 246235 0 0 0 0 0 7387 0 23836 0 277458 0 0 0 CANDY RIEM VP MARKETING & MEMBER SERVICES 233197 0 0 0 0 0 6996 0 23982 0 264175 0 0 0 KERRI WADE VP EMPLOYEE ENGAGEMENT 221022 0 0 0 0 0 6631 0 18524 0 246177 0 0 0 DAVID ALLEN VP REGULATORY & GAS OPERATIONS 168703 0 0 0 0 0 5061 0 18954 0 192718 0 0 0 HENRY KROHNE LINEMAN 166458 0 0 0 0 0 4994 0 20279 0 191731 0 0 0 STEPHEN HUNSBERGER LINEMAN 183505 0 0 0 0 0 -16856 0 21783 0 188432 0 0 0 PATRICK HARDING LINEMAN 180862 0 0 0 0 0 5426 0 1581 0 187869 0 0 0 JAMES HAAS LINEMAN 164949 0 0 0 0 0 -11294 0 18272 0 171927 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT HANCE AND GERRY BUNDLE SERVED ON THE BOARD OF ANOTHER TAX EXEMPT ORGANIZATION WITH WHICH MIDWEST ENERGY COOPERATIVE DOES BUSINESS WITH. 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 11B THE FORM 990 IS REVIEWED BY THE CFO, AND IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, PRESIDENT & CEO, AND GENERAL COUNSEL ARE RESPONSIBLE FOR ENSURING COMPLIANCE WITH THIS POLICY. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY OR CORRECTIVE ACTION. 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 CALCULATED USING COMPARABLE DATA, BOTH INDUSTRY AND NON-INDUSTRY SPECIFIC. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE DATA ANNUALLY. THE MOST RECENT REVIEW OCCURRED IN APRIL 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE ON THE COOPERATIVE WEBSITE, THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST, AND THE FINANCIAL STATEMENTS ARE PUBLISHED IN COUNTRY LINES MAGAZINE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN (LOSS) ON PENSION AND POST-RETIREMENT BENEFITS OTHER THAN PENSIONS 417,510. RETIREMENT OF CAPITAL CREDITS -855,856. OTHER EQUITY ADDITIONS 763,970. 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 17,909,431. MIDWEST ENERGY INC 60590 DECATUR RD CASSOPOLIS MI 49031 383401193 PROPANE MI MIDWEST ENERGY COOPERATIVE C 1063452 15989154 1.00000 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 MIDWEST ENERGY INC A 62172 FAIR MARKET VALUE MIDWEST ENERGY INC E 7172536 FAIR MARKET VALUE MIDWEST ENERGY INC O 470219 FAIR MARKET VALUE