2023-11-15T17:59:02+00:00 2022-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-01-01 381326766 Wolverine Power Supply Cooperative Inc WOLV 2317757500 10125 W Watergate Road PO Box 229 Cadillac MI 49601 Eric D Baker President & CEO 2317755700 2023-11-16 true Ron McCullick 999009999 true Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z Eric D Baker 10125 W Watergate Road PO Box 229 Cadillac MI 49601 707933820 false X wolverinepowercooperative.com X 1983 MI TO PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS BY DELIVERING RELIABLE, COMPETITIVE POWER SUPPLY. 14 14 184 0 235281029 0 0 0 554792185 704044619 131958 1076245 1382342 1467946 556306485 706588810 98424 119788 19553838 19984205 26074652 28653325 0 0 0 509560446 656014764 555287360 704772082 1019125 1816728 963621114 1046991533 743671889 814781997 219949225 232209536 WOLVERINE POWER SUPPLY COOPERATIVE, INC. IS A MICHIGAN NONPROFIT COOPERATIVE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING OUTSTANDING SERVICE TO ITS MEMBERS BY DELIVERING A RELIABLE, COMPETITIVE ELECTRIC POWER SUPPLY. false false 0 0 0 WOLVERINE PROUDLY DELIVERS 60% CARBON-FREE, RELIABLE, COMPETITIVE POWER REACHING MORE THAN 280,000 RURAL HOMES AND BUSINESSES ACCROSS OVER HALF OF MICHIGAN'S LOWER PENINSULA. WOLVERINE CHAMPIONS INNOVATIVE, LONG-TERM ENERGY SOLUTIONS BY CRAFTING A RELIABLE, CLEAN, AND AFFORDABLE ENERGY FUTURE THROUGH STRATEGIC POWER SUPPLY AND THE DEVELOPMENT OF A FLEXIBLE TRANSMISSION SYSTEM. 0 false false false false true false false false true false false false true false false true false false false false false false false false false true false true false false false false true false false false false false false true true true false true 107 0 true 184 true true true false false false false false false false X 14 14 false false false false true true true true true false false true true true true true true true true true false X Ron McCullick 2317755700 10125 W Watergate Road Cadillac MI 49601 Gerry Bundle DIRECTOR / VICE CHAIRMAN 1.3 0.1 X X 23000 0 0 Paul Byl DIRECTOR / SECRETARY 5.0 0.2 X X 19550 500 3450 Shirley Sprague DIRECTOR / TREASURER 5.4 0 X X 27700 0 0 Terry Lautner DIRECTOR / CHAIRMAN 6.0 1.2 X X 31600 500 0 Allan Berg DIRECTOR 4.0 0 X 0 0 23000 Chad Stirrett DIRECTOR (APRIL - DECEMBER) 6.0 0 X 7500 0 0 Clarance Barth DIRECTOR 6.0 0 X 21000 0 0 Ed Oplinger DIRECTOR (THRU MARCH 2022) 1.0 0 X 5000 0 0 John Brown DIRECTOR (APRIL - DECEMBER) 6.0 0 X 18000 0 0 Kimber Hansen DIRECTOR (APRIL - DECEMBER) 7.5 0 X 20000 0 0 Kurt Krajniak DIRECTOR (THRU MARCH 2022) 1.0 0 X 7500 0 0 Mark Carson DIRECTOR 6.0 0 X 23000 0 0 Melinda Lautner DIRECTOR 6.0 0 X 13000 0 13000 Mike Kuhn DIRECTOR (THRU MARCH 2022) 1.0 0 X 3000 0 0 Ric Evans DIRECTOR 4.0 0 X 25500 0 0 Rob Hunter DIRECTOR 4.5 0 X 23000 0 0 Tom Van Pelt DIRECTOR 6.0 0 X 12500 0 12500 Eric Baker President & CEO 50.0 1.0 X 849636 0 148100 Kacy Wickenhauser Chief Human Resources Officer 50.0 0 X 247255 0 78632 Joseph Baumann Chief Legal Officer 50.0 0.3 X 328853 0 80059 Zachary J Anderson Chief Operating Officer 50.0 0.5 X 299967 0 58186 Craig Borr Executive Vice President 48.0 4.0 X 441222 0 122212 Daniel H DeCoeur Vice President 28.4 0 X 204337 0 72460 Daniel J Calverley VP Generation & Operations 50.0 0 X 227583 0 75038 Dawn Coon VP Administration 50.0 0 X 200496 0 70549 Timothy J Martin VP Engineering & Operations 50.0 0 X 232732 0 79938 3312931 1000 837124 89 false true false HYDECKER WHEATLAKE CO 420 ROTH ST REED CITY MI 49677 CONSTRUCTION SERVICES 25108258 GENERAL ELECTRIC INTL 500 W MONROE ST CHICAGO IL 60661 REPAIR AND MAINTENANCE 3297473 PETE'S CONTRACTING INC 5791 S MCVETY RD FALMOUTH MI 49632 CONSTRUCTION SERVICES 2602115 ACES POWER MARKETING COOPERATIVE 4140 W 99TH ST CARMEL IN 46032 CONSULTING AND OTHER SERVICES 2153416 ASPLUNDH TREE EXPERT LLC 708 B LAIR MILL RD WILLOW GROVE PA 19090 VEGETATION MANAGEMENT SERVICE 1392281 55 0 Sale of Electricity for Resale 221000 642205449 407471598 234733851 Transmission for Others 221000 61756179 61690838 65341 Program Services Rental Income 531190 82991 4774 78217 0 0 0 0 704044619 2330465 1027224 1303241 320 320 0 0 90790 1345010 0 -1254220 -1254220 -1254220 Management Services Agreements 561000 1043348 646307 397041 Sale of scrap metal, lumber, etc. 900099 206136 206136 Life Insurance Death Benefit 900099 115039 115039 103103 96524 6579 0 1467626 706588810 471052304 235281029 255477 119788 0 0 19984205 2423488 0 16996062 4582818 3250022 1400935 0 582807 74861 0 0 0 1600781 668982 622710 1119449 0 902660 853445 0 1341860 27954680 101852 33779364 177601 Purchased Power 455211089 Fuel 100042950 Operations and Maintenance 29663163 Administration and General 1316510 0 704772082 0 0 9654554 46845897 48933148 57153212 0 0 0 25332247 26606802 5257948 5189005 1186888245 332532365 817924466 854355880 0 38437431 39244291 7134946 6836005 10946374 10760441 963621114 1046991533 63443827 64761331 0 675422399 746921012 4805663 3099654 743671889 814781997 X 0 0 2000 2000 219947225 232207536 219949225 232209536 963621114 1046991533 X 1816728 10443583 X false true X true false X 3 7.35 0 0 0 1 false 1.0 0 24760157 24760157 59350077 10638472 48711605 1059986269 315969367 744016902 42791742 5924526 36867216 854355880 PROVISION FOR POST-RETIREMENT 1844717 MICHIGAN JOINT ZONE RETURN ON 897233 ACCUMULATED PROVISION 457B 357704 3099654 true Lineman - Electrical Joint Apprenticeship Training Trust 10125 W Watergate Rd Cadillac MI 49601 826911460 501C(3) 65000 General Support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. WOLVERINE CONTRIBUTES FUNDS IN GENERAL SUPPORT OF THE LINEMAN-ELECTRICAL JOINT APPRENTICESHIP TRAINING TRUST FUND (TRUST). WOLVERINE HAS ACCESS TO THE TRUST'S FINANCIAL STATEMENTS AND BOOKS, AND CAN THEREFORE, INDIRECTLY SEE HOW THE TRUST HAS SPENT ITS FUNDS. X X true true X X false true false Eric Baker President & CEO 543508 0 305000 0 1128 0 114531 0 33569 0 997736 0 0 0 Kacy Wickenhauser Chief Human Resources Officer 222015 0 25000 0 240 0 50307 0 28325 0 325887 0 0 0 Zachary J Anderson Chief Operating Officer 274751 0 25000 0 216 0 29167 0 29019 0 358153 0 0 0 Joseph Baumann Chief Legal Officer 303613 0 25000 0 240 0 66161 0 13898 0 408912 0 0 0 Craig Borr Executive Vice President 406038 0 30000 0 5184 0 90452 0 31760 0 563434 0 0 0 Daniel J Calverley VP Generation & Operations 225230 0 0 0 2353 0 49815 0 25223 0 302621 0 0 0 Dawn Coon VP Administration 199894 0 0 0 602 0 46369 0 24180 0 271045 0 0 0 Daniel H DeCoeur Vice President 203305 0 0 0 1032 0 48539 0 23921 0 276797 0 0 0 Timothy J Martin VP Engineering & Operations 231700 0 0 0 1032 0 54326 0 25612 0 312670 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments A FEW OF THE INDIVIDUALS LISTED RECEIVED DE MINIMUS TAX GROSS UPS TO COVER THE TAX EFFECT OF TOKEN AWARDS EARNED BY PARTICIPATING IN COMPANY-WIDE SAFETY AND/OR OTHER INCENTIVE PROGRAMS. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE COMPANY REIMBURSES A SET DOLLAR AMOUNT TOWARD HEALTH CLUB DUES (USUALLY THE LOCAL YMCA) FOR ALL EMPLOYEES. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ERIC BAKER, THE PRESIDENT / CEO AND CRAIG BORR, EXECUTIVE VP PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. NO AMOUNTS WERE VESTED OR PAID OUT UNDER THE PLAN IN 2022. ANDREW ANDERSON BROTHER OF ZACH ANDERSON, Officer of the organization 116795 Employment false Schedule L, Part IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: ANDREW ANDERSON (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BROTHER OF ZACH ANDERSON, CHIEF OPERATING OFFICER (D) DESCRIPTION OF TRANSACTION: DURING 2022, ANDREW ANDERSON WAS EMPLOYED AS COMPLIANCE COORDINATOR / SENIOR TRANSMISSION SYSTEM OPERATOR. HE IS A FAMILY MEMEBER OF THE COO. HIS EMPLOYEMENT FOLLOWS WOLVERINE'S ESTABLISHED RECRUITING, HIRING, AND COMPENSATION POLICIES AND HIS COMPENSATION IS AT MARKET LEVEL. Form 990, Part VI, Line 6 Classes of members or stockholders WOLVERINE IS A COOPERATIVE AND AS SUCH, IT HAS MEMBERS THAT OWN IT. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF EACH OF WOLVERINE'S MEMBERS APPOINTS TWO OF THEIR DIRECTORS TO SERVE ON WOLVERINE'S BOARD. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders WOLVERINE'S BOARD OF DIRECTORS ARE EMPOWERED TO MAKE MOST BUSINESS DECISIONS. HOWEVER, SOME KEY DECISIONS MUST BE MADE BY WOLVERINE'S MEMBERS, SUCH AS THE FOLLOWING (1) AMENDMENTS TO THE ARTICLES OF INCORPORATION, (2) AMENDMENTS OR REPEAL OF ANY BYLAW OR AMENDMENT THERETO ADOPTED BY THE MEMBERS FIXING THE FOLLOWING: REQUIREMENTS OF CLASSIFICATIONS OF MEMBERSHIP, THE QUALIFICATION, CLASSIFICATION OR TERMS OF OFFICE OF DIRECTORS; DIRECTOR QUORUM REQUIREMENTS FOR MEMBERS DIRECTORS' MEETINGS; AND THE METHOD OR PROCEDURE FOR AMENDING THE BYLAWS OR AFFECTING THE BYLAW ON INTERESTS IN PROPERTY, AND (3) REVIEW AND APPROVE ANY OTHER AMENDMENTS OR REPEALS TO THE BYLAWS THAT THE BOARD PASSED BY A TWO THIRDS VOTE OF THE FULL BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE FORM 990 THE FOLLOWING REVIEWS TOOK PLACE: THE CFO AND CONTROLLER REVIEWED THE FORM 990 IN DETAIL AS DOES THEIR OUTSIDE ACCOUNTING FIRM. THE CEO REVIEWED THE GENERAL CONTENT OF THE FORM 990. THEN, THE AUDIT COMMITTEE REVIEWED THE FORM 990. THE 990 IS ALSO DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy A conflict-of-interest statement is reviewed annually. All directors, officers, and key employees complete an annual questionnaire. The Board would be notified of any potential conflicts that arose. The Board would determine if a conflict did exist and how to proceed. The person involved in the potential conflict would be recused from voting on the matter. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ON AN ANNUAL BASIS UTILIZING AN INDEPENDENT CONSULTANT'S INFORMATION AND NATIONAL BENCHMARKING, INCLUDING DATA FROM A VARIETY OF NATIONAL COMPENSATION SURVEYS INCLUDING GENERATION AND TRANSMISSION COOPERATIVES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2022. Form 990, Part VI, Line 15b Process to establish compensation of other employees SALARIES FOR ALL NON-UNION EMPLOYEES ARE DETERMINED ON AN ANNUAL BASIS FOLLOWING A FORMAL EMPLOYEE EVALUATION. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE INTERNAL PAY EQUITY AND EXTERNAL COMPETITIVENESS. COMPENSATION SURVEYS ARE UTILIZED IN DETERMINING SALARY RANGES FOR NON-UNION EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2022. Form 990, Part VI, Line 19 Required documents available to the public THE FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. Form 990, Part VII, Section A, Line 1a OTHER Compensation THE EXECUTIVE VICE PRESIDENT'S COMPENSATION REPORTED IN PART VII, IS FOR A FULL-TIME POSITION, HOWEVER THE MAJORITY OF HIS TIME IS DEVOTED TO AN UNRELATED ORGANIZATION, MECA, AND TO A RELATED ORGANIZATION, SPARTAN RENEWABLE ENERGY, INC. UNDER MANAGEMENT SERVICE AGREEMENTS. THE VICE PRESIDENT'S COMPENSATION REPORTED IN PART VII, IS FOR A FULL-TIME POSITION, HOWEVER THE MAJORITY OF HIS TIME IS DEVOTED TO AN UNRELATED ORGANIZATION, WOLVERINE POWER MARKETING COOPERATIVE, INC. UNDER A MANAGEMENT SERVICES AGREEMENT. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All OTher Revenue - Total Revenue: 103103, Related or Exempt Function Revenue: 96524, Unrelated Business Revenue: 6579, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances change in post-retirement liability - 459378; retirement of patronage capital - -10000000; patronage dividends reported as benefits paid to members - 19984205; PENINSULA GENERATION COOPERATIVE 10125 W WATERGATE RD CADILLAC MI 49601 273659272 POWER SUPPLIER MI 501(c)(12) WOLVERINE POWER SUPPLY COOPERATIVE INC true SPARTAN RENEWABLE ENERGY Inc 10125 W WATERGATE RD CADILLAC MI 49601 205990509 ALT ELECTRIC SUPPLIER MI Wolverine Power Supply Cooperative Inc C Corporation 389717 10042717 0.9091 true false false false true false false false false false true false true true false true true true false false PENINSULA GENERATION COOPERATIVE M 58088564 ENERGY PURCHASES SPARTAN RENEWABLE ENERGY L 12774454 ENERGY SALES SPARTAN RENEWABLE ENERGY Q 104464 FAIR MARKET VALUE OF SERVICES SPARTAN RENEWABLE ENERGY M 412793 ENERGY PURCHASES AT CONTRACTED PRICE Schedule R, Part V, Line 1d LINE OF CREDIT ON DECEMBER 16, 2021, SPARTAN ENTERED INTO A $2,000,000 LINE OF CREDIT WITH COBANK, WITH A MATURITY DATE OF DECEMBER 16, 2026. THE LINE OF CREDIT IS GUARANTEED BY WOLVERINE. SPARTAN HAS NO OUTSTANDING BORROWING ON ITS LINE AS OF DECEMBER 31, 2021, OR 2022.