Wolverine Power Marketing Cooperative (EIN 383560640) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

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

PROVIDING ELECTRIC POWER TO MEMBERS

🔒

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%)

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

Governance

Voting Members

Independent Members

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

$31,375

Total Directors

$54,925

Key Employees

Highest Compensated

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

Wolverine Power Marketing Cooperative