Wolverine Power Marketing Cooperative

EIN: 383560640 Mutual Benefit

Cadillac, MI

Total Revenue
$96,822,923
Total Expenses
$96,822,923
Total Assets
$32,121,261
Net Assets
$23,349,863
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Phone
2317757500
Tax Period
2023-01-01 to 2023-12-31

Wolverine Power Marketing Cooperative, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $96.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

provide affordable power supply to our members through flexible and creative pricing solutions.

Program Service Accomplishments

Program 1

WOLVERINE POWER MARKETING COOPERATIVE (WPMC) PROVIDES RETAIL ELECTRIC SERVICES AS AN ALTERNATIVE ELECTRIC SUPPLIER SERVING 20 MEMBER-OWNERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $96,608,517
Investment Income $214,406
Other Revenue $0
TOTAL REVENUE $96,822,923

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $54,925
Fundraising Expenses $0
Program Expenses $0
Other Expenses $95,767,736
TOTAL EXPENSES $96,822,923

Year-over-Year Comparison

2023 2022 Change
Revenue $96,822,923 $122,212,710 -0.2%
Expenses $96,822,923 $122,212,710 -0.2%
Net Income $0 $0 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$31,375
Total Directors
9
$54,925
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Secretary / Treasurer 1.6
Officer Director
$8,550 $0 $8,550
N/A Board Vice Chairman (ending 8/11/23) 0.8
Officer Director
$6,000 $0 $6,000
N/A Director(began 3/14/23) / Vice Chairman (transitioned 9/12/23) 1.5
Officer Director
$8,825 $0 $8,825
N/A Chairman 1.1
Officer Director
$8,000 $0 $8,000
N/A Director 0.2
Director
$5,175 $0 $5,175
N/A Director (ending 3/14/23) 0.5
Director
$875 $0 $875
N/A Director (beginning 3/14/23) 1.1
Director
$8,875 $0 $8,875
N/A Director (ending 3/14/23) 0.2
Director
$1,725 $0 $1,725
N/A Director 0.7
Director
$6,900 $0 $6,900
N/A CEO / PRESIDENT 30.6
Officer
$0 $0 $0
N/A CFO 7.8
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $96,822,923 $96,822,923 $32,121,261 No data
2022 $122,212,710 $122,212,710 $33,721,152 No data
2021 $93,147,778 $93,147,778 $31,666,206 No data
2020 $63,185,089 $63,185,089 $25,751,352 No data
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Wolverine Power Marketing Cooperative with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.