2016-11-14T18:10:10-06:00 2015-12-31 910189318 Moss Adams LLP 601 W Riverside Avenue Ste 1800 Spokane WA 99201 990 2015-01-01 383386126 Midwest Energy Cooperative MIDW 2694451000 PO Box 127 901 E State St Cassopolis MI 49031 Todd R Crandall CFO 2694451028 2016-11-14 1 Cheri R Burnham CPA P00055324 5097472600 2016-11-14 2015 2017-02-10 21:41:12Z Robert Hance 901 E State Street Cassopolis MI 49031 80686839 0 X www.teammidwest.com X 1998 MI PROVIDE ELECTRIC POWER TO MEMBERS 9 9 124 0 0 0 0 0 76562378 76435570 2039810 3596052 861922 605746 79464110 80637368 0 0 163176 2327833 1504303 3094961 0 0 0 75349703 75214574 77017182 80637368 2446928 0 143307663 162835346 101304887 113857111 42002776 48978235 PROVIDE ELECTRIC POWER TO MEMBERS 0 0 PROVIDE ELECTRIC POWER TO OVER 25,492 MEMBERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 1 56 0 1 124 1 0 0 0 0 0 77065129 443766 0 X 9 9 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X TODD R CRANDALL 2694451028 PO Box 127 901 E State Street Cassopolis MI 49031 James Dickerson Director 4.50 X 12700 0 13 Harold Gentz Director 3.00 X 9200 0 13 Dwain Arell Chapman Director 1.00 X 1800 0 1 ronald Armstrong Director 3.25 X 15200 0 13 Fred Turk Director 5.75 X 14000 0 13 Ben Russell Vice Chairman 2.25 X X 5700 0 8 Clarence Barth Chairman 3.75 0.25 X X 19250 0 13 Kenneth Swope Former Vice Chairman 2.75 X X 10700 0 3 Colyne Sorsby Secretary 2.50 X X 8200 0 5 John Green Treasurer 3.50 X X 11200 0 13 ROBERT HANCE CEO/ PRESIDENT 57.00 3.00 X 287103 0 125843 JOHN MINER CFO 50.00 15.00 X 148311 0 54953 TERRY RUBENTHALER CTO 50.00 X 147448 0 32132 MICHAEL MILLER LINEMAN IN CHARGE 50.00 X 116727 0 29369 GREGORY HODGSON LINEMAN 50.00 X 115620 0 29912 MARK VALENTINE LINEMAN 50.00 X 115183 0 12822 DAVE ALLEN VP REG COMP & COMM DEVEL 50.00 X 113704 0 10665 THOMAS BAUMEISTER LINEMAN IN CHARGE 50.00 X 113230 0 42941 1265276 0 338732 22 0 1 0 Western Tel Com PO Box 1317 HOLLAND MI 49422 Contractor-Construction 3366795 Green Leaf Tree Service 5280 Engle Rd MIDDLEVILLE MI 49333 Contractor- Tree Work 2162199 Pulse Broadband LLC 18044 Shepherd Valley Road WILDWOOD MO 63038 Contractor-Construction 1198252 Mint City Tree 6329 Elm Road BREMEN IN 46506 Contractor- Tree Work 885465 MECA 7973 East Grand River Ave PORTLAND MI 48875 Energy Optimization 866639 20 ELECTRIC REVENUE FROM MEMBERS 221000 76220691 76220691 Pole Contact Fees 221000 214879 214879 76435570 3584195 3179445 404750 22276 10419 11857 11857 11857 50658 39052 11606 11606 BOOK INCOME OF SUBSIDIARY 221000 576624 576624 Other Income 221000 17516 17516 594140 80637368 80005882 0 631486 2327833 892836 836653 1298627 66845 237670 103456 3734999 5234755 COST OF POWER 49258950 DISTRIBUTIONS- MAINTENA 9190456 CUSTOMER ACCOUNTS 4764840 TAXES- PROPERTY 2021048 668400 80637368 1836489 2133334 3526968 7323135 188892 628189 1045791 2288301 539539 351135 180994544 58816737 111062574 122177807 24681120 27410222 426290 523223 143307663 162835346 16168541 18575860 54000 54000 80082346 91727251 5000000 3500000 101304887 113857111 X 0 0 0 0 42002776 48978235 42002776 48978235 143307663 162835346 X 0 4780298 2195161 X 0 1 X 1 0 180994544 58816737 122177807 122177807 PATRONAGE CAPITAL - WVPA 9085982 C MIDWEST ENERGY, INC. 5433472 C WOLVERINE POWER SUPPLY COOPERATIVE 7827809 C CAPITAL TERM CERTIFICATES 1255571 C PATRONAGE CAPITAL - BUCKEYE POWER 1049107 C RESCO 608834 C PATRONAGE CAPITAL - CFC 391110 C OTHER 1758337 C 27410222 LINE OF CREDIT PSCR PAYABLE 3500000 3500000 X 80596389 0 80596389 40979 40979 80637368 78268556 0 78268556 2368812 2368812 80637368 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. X X X 0 1 0 ROBERT HANCE CEO/ PRESIDENT 287103 0 0 0 0 0 103013 0 22830 0 412946 0 0 0 JOHN MINER CFO 148311 0 0 0 0 0 31743 0 23210 0 203264 0 0 0 TERRY RUBENTHALER CTO 147448 0 0 0 0 0 7894 0 24238 0 179580 0 0 0 THOMAS BAUMEISTER LINEMAN IN CHARGE 113230 0 0 0 0 0 18744 0 24197 0 156171 0 0 0 Part I, Line 4b EMPLOYER CONTRIBUTIONS TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE BENEFIT OF ROBERT HANCE WERE $13,457, INCLUDING EARNINGS. VESTING OCCURS IN 2017 PER THE PLAN'S VESTING SCHEDULE. THEREFORE AMOUNTS ARE SUBJECT TO RISK OF SUBSTANTIAL FORFEITURE AND NON-TAXABLE UNTIL VESTED. JOSHUA HANCE SON OF CEO 54883 EMPLOYEE OF COOPERATIVE 0 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. 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. Midwest Propane LLC 901 E State Street Cassopolis MI 49031 383402769 Propane MI 0 0 MIDWEST ENERGY INC MIDWEST ENERGY INC 901 E STATE STREET CASSOPOLIS MI 49031 383401193 PROPANE MI MIDWEST ENERGY COOPERATIVE C 9618579 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MIDWEST ENERGY INC A 28450 Fair Market Value MiDWEST ENERGY INC O 378593 Fair MArket Value