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Filing year 2024

Wolverine Power Supply Cooperative Inc

Cadillac, Michigan·EIN 38-1326766·12
Total revenue
$544.9M
Total assets
$1.2B
Total expenses
$544.9M
Reported officers
25
Mission

Wolverine Power Supply Cooperative, Inc., a Michigan nonprofit cooperative, is dedicated to delivering reliable and competitively priced electric power, while providing exceptional service to its members.

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2024

$1.3M
$1.4M
Base
$546k
Bonus
$425k
Other
$1k
Benefits
$38k
Executive Vice President
executive vice president
$698k
$751k
Base
$426k
Bonus
$69k
Other
$5k
Benefits
$40k
VP of Generation & Operations
vice president
$515k
$554k
Base
$256k
Bonus
Other
$2k
Benefits
$31k
Chief Operating Officer
$503k
$541k
Base
$329k
Bonus
$25k
Other
$216
Benefits
$36k
Chief Legal Officer
key employee
$492k
$530k
Base
$333k
Bonus
$25k
Other
$360
Benefits
$19k
Chief Human Resources Officer
key employee
$407k
$437k
Base
$252k
Bonus
$25k
Other
$240
Benefits
$35k
VP of Administration
vice president
$367k
$395k
Base
$218k
Bonus
Other
$1k
Benefits
$31k
VP of Accounting & Finance
vice president
$343k
$369k
Base
$233k
Bonus
Other
$360
Benefits
$30k
Operator I - Maintenance
highest compensated employee
$280k
$301k
Base
$197k
Bonus
Other
$942
Benefits
$32k
Director
board member
$25k
$27k
Director / Vice Chair
board chair
$25k
$27k
Director
board member
$25k
$27k
Director / Treasurer
officer (unspecified)
$24k
$25k
Director
board member
$24k
$25k
Director / Secretary
officer (unspecified)
$23k
$24k
Director
board member
$23k
$24k
Director
board member
$22k
$24k
Director
board member
$22k
$23k
Director (apr - Dec)
board member
$18k
$19k
Director (jun - Dec)
board member
$14k
$15k
Director (jan - Mar)
board member
$8k
$8k
Director (jan - May)
board member
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Up 6%
from 2023

From $1.2M in 2023 to $1.3M in 2024.

$1.2M
2023
$1.3M
2024
In today's dollarsEst.
Up 4% in real terms$1.3M to $1.4M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Wolverine Power Supply Cooperative Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$540M
$540M
2023
$544.9M
$544.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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