#281 of 500 · Member & Benefit Funds

Wolverine Power Supply Cooperative Inc

EIN 38-1326766 · MI · NTEE n/a · Form 990, fiscal 2023

A not-for-profit, member-owned generation and transmission electric cooperative headquartered in Cadillac, Michigan. Formed in 1948, it supplies wholesale electricity to its member distribution cooperatives, serving over 268,000 rural homes and businesses across much of Michigan's Lower Peninsula, and operates generation and a transmission system with a substantial share of carbon-free power.

Financials, fiscal 2023

Revenue

$540.0M

Expenses

$540.0M

Total assets

$1.07B

Net assets

$249.2M

Operating margin

0.0%

1-year growth

-23.6%

5-year growth (CAGR)

5.5%

Reserve (years of spending)

5.5

Contributions share

n/a

Programme spending

99.5%

Fundraising cost

n/a

Executive pay share

0.55%

Employees

192

Revenue per employee

$2.8M

Grants paid

$68K

Years filing

72

NFP Health Score: 67 / 100

Financial 52 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide affordable, reliable power supply to its members.

Revenue history