Wolverine Power Marketing Cooperative

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

10 people listed

Jeff Hoffa (Vice Chairman): $10,200 total reported compensation
Rob Hunter (Chairman): $8,900 total reported compensation
Brian Taivalkoski (Board Secretary / Treasurer): $8,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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

Wolverine power marketing cooperative (wpmc) provides retail electric services as an alternative electric supplier serving 20 member-owners.

Revenue model: Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 0%; rating input score 29; 29th percentile among comparable filings
Total-asset coverage ratio: 0.39; rating input score 13; 13th percentile among comparable filings
Liabilities to assets ratio: 0.26; rating input score 60; 60th percentile among comparable filings
Officer compensation ratio: 0.1%; rating input score 94; 94th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $10K · 10 people listed
Highest-paid contractors: 1 contractor listed · $622K reported
Consistency: 13 of 13 current checks pass
Schedules: 3 filed schedules · includes grants
Filing history: 10 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 12 filed money-flow records
Related organizations: 5 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 29/100.
High — Sustainability: Total-asset coverage ratio scored 13/100.
Review — Accountability: Governance controls: Other executive compensation review process not reported.