CONSUMERS ENERGY (EIN 420396598) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

BRIDGET ITZEN

Phone

6417521593

Tax Period

2024-01-01 to 2024-12-31

CONSUMERS ENERGY, founded in 1938, is a mid-sized nonprofit that reported $24.3M in total revenue in fiscal year 2024. Expenses of $23.2M left a modest 5% surplus.

Mission

SAFELY PROVIDING MEMBERS WITH RELIABLE ELECTRIC ENERGY SERVICE AT AFFORDABLE AND EQUITABLE RATES.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,207,107

Investment Income $100,377

Other Revenue $26,806

TOTAL REVENUE $24,334,290

Expense Breakdown

Grants Paid $5,350

Salaries & Benefits $3,404,132

Fundraising Expenses $0

Other Expenses $18,917,766

TOTAL EXPENSES $23,233,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,334,290	$24,804,115	0.0%
Expenses	$23,233,586	$23,603,179	0.0%
Net Income	$1,100,704	$1,200,936	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

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

$533,949

Total Directors

$54,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BECKMAN	PRESIDENT	7.20	Officer Director	$8,940	$0	$8,940
CRAIG GRIFFIEON	VICE PRESIDENT	2.00	Officer Director	$4,855	$0	$4,855
PATRICIA VONAHNEN	SECRETARY/TREASURER	3.60	Officer Director	$7,870	$0	$7,870
ROBERT MEIMANN	ASST SECRETARY/TREASURER	2.30	Officer Director	$4,760	$0	$4,760
WILLIAM HOBSON	DIRECTOR	2.90	Director	$8,020	$0	$8,020
ANTHONY LEM	DIRECTOR	6.40	Director	$5,410	$0	$5,410
STEVE QUICK	DIRECTOR	3.40	Director	$5,625	$0	$5,625
JENNIFER SEASE	DIRECTOR	1.30	Director	$3,655	$0	$3,655
ARDEN GREINER	DIRECTOR	4.60	Director	$5,540	$0	$5,540
BRIDGET ITZEN	CEO/GENERAL MANAGER	55.00	Officer	$204,600	$54,978	$259,578
KEVIN PTERSON	COO/OPERATION MANAGER	55.00	Officer	$166,265	$81,681	$247,946
ELLIOT MAYLAND	OPERATIONS SUPERVISOR	40.00	Highest	$134,116	$62,123	$196,239
GAIL HULL	MEMBER SERVICES/HR MANAGER	40.00	Highest	$128,568	$75,447	$204,015
RICK DOLASH	LEAD LINEMAN	40.00	Highest	$126,158	$54,617	$180,775
CODY BEACH	LINEMAN	40.00	Highest	$122,102	$66,924	$189,026
MAX UPAH	LINEMAN	40.00	Highest	$123,087	$49,678	$172,765

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	$24,334,290	$23,233,586	$67,464,514	$1,100,704
2023	$24,804,115	$23,603,179	$64,024,365	$1,200,936
2022	$23,381,240	$22,856,240	$60,262,626	$525,000
2021	$20,894,114	$20,384,114	$55,017,115	$510,000
2020	$20,474,454	$19,370,454	$52,459,012	$1,104,000
2019	$22,158,558	$21,470,558	$49,147,372	$688,000
2018	$21,023,129	$20,047,129	$45,462,621	$976,000

CONSUMERS ENERGY