2015-11-06T16:55:06-06:00 2014-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2014-01-01 381326766 WOLVERINE POWER SUPPLY COOPERATIVE INC WOLV 2317755700 10125 W WATERGATE ROAD PO BOX 229 CADILLAC MI 49601 JANET KASS CHIEF FINANCIAL OFFICER 2317755700 2015-11-05 1 LU ANN TRAPP CPA P01506476 3122071040 2015-11-04 2014 2016-04-25 22:37:26Z ERIC D BAKER 10125 W WATERGATE ROAD PO BOX 229 CADILLAC MI 49601 403768122 0 X WWW.WPSCI.COM X 1983 MI TO PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS BY DELIVERING RELIABLE, COMPETITIVE POWER SUPPLY. 14 14 139 0 60582570 -11495486 0 0 331941774 340998209 143152 1002488 44391510 61109760 376476436 403110457 0 0 0 0 5139564 5333036 0 0 0 350085302 381054205 355224866 386387241 21251570 16723216 636905682 622631088 465184481 442393464 171721201 180237624 TO PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS BY DELIVERING RELIABLE, COMPETITIVE POWER SUPPLY. 0 0 WOLVERINE POWER SUPPLY COOPERATIVE, INC. IS A MICHIGAN NONPROFIT COOPERATIVE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING ELECTRIC POWER TO ITS MEMBERS. WOLVERINE SUPPLIES WHOLESALE ELECTRIC POWER TO SEVEN MEMBERS:CHERRYLAND ELECTRIC COOPERATIVE GREAT LAKES ENERGY HOMEWORKS TRI-COUNTY ELECTRIC COOPERATIVE PRESQUE ISLE ELECTRIC & GAS CO-OP WOLVERINE POWER MARKETING COOPERATIVESPARTAN RENEWABLE ENERGY, INC.MIDWEST ENERGY COOPERATIVE 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 143 0 1 139 1 1 1 0 0 0 0 38460335 -10492027 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 MI X MICHELLE CLEMENTS 2317755700 10125 W WATERGATE RD CADILLAC MI 49601 JERRY AKERS BOARD TREASURER 6.00 X X 23700 0 3588 ALLEN BARR DIRECTOR 8.00 X 15000 0 2271 JOHN BROWN DIRECTOR 5.00 X 25500 0 3860 PAUL BYL BOARD SECRETARY 6.00 X X 20825 450 3406 MICHAEL MCDONALD DIRECTOR 4.00 X 22500 450 3406 JOHN POPE DIRECTOR 4.00 X 6000 0 908 RICHARD WALSWORTH CHAIRMAN OF BOARD 8.00 1.00 X X 32100 0 4859 WAYNE SWILER DIRECTOR 7.00 X 22500 0 3406 RICHARD DENEWETH VICE CHAIRMAN OF BOARD 5.00 1.00 X X 24000 0 3633 RON ARMSTRONG DIRECTOR 3.00 X 18000 0 2725 CLARENCE BARTH DIRECTOR 5.00 X 19500 0 2952 MELINDA LAUTNER DIRECTOR 4.00 X 17050 0 2581 ROBERT THUROW DIRECTOR 6.00 X 24000 0 3633 DEAN FLORIA DIRECTOR 6.00 X 25000 0 3784 DAVID SMITH DIRECTOR 3.00 X 17500 450 2649 RAYMOND WOZNIAK DIRECTOR 1.00 X 9500 0 1438 ERIC D BAKER PRESIDENT/CEO 53.50 1.50 X 579570 0 64429 JANET KASS CHIEF FINANCIAL OFFICER 46.40 1.60 X 209420 0 51556 DANIEL DECOEUR CHIEF OPERATING OFFICER 40.70 0.30 X 216495 0 51095 CRAIG BORR EXECUTIVE VICE PRESIDENT 52.00 X 344997 0 64429 DANNY JANWAY VP CONSTRUCTION 40.00 X 191080 0 48825 CRAIG S BORTON VP HUMAN RESOURCES 44.00 X 181977 0 46400 KIMBERLY B MOLITOR VP EXTERNAL AFFAIRS 51.00 X 176787 0 35203 BRIAN L WARNER VP ENVIRONMENTAL STRATEGY 49.00 3.00 X 170863 0 41700 BRIAN E VALICE STAFF ATTORNEY 49.00 1.00 X 132827 0 40374 DONALD P HEFFELFINGER MANAGER OF ENGINEERING 45.00 X 124294 0 35280 RICHARD R KEHL CONTROLLER 51.00 X 132495 0 29465 TIMOTHY MARTIN MANAGER OF ENERGY OPERATIONS 48.00 X 118411 0 32881 ROBERT J SIEKAS TRANSMISSION LINE PROJECT MANAGER 44.00 X 107195 0 32577 ALLAN BRUDER FORMER DIRECTOR 0.00 X 18000 0 2725 GLEN ALSOBROOKS FORMER DIRECTOR 0.00 X 18000 0 2725 FRED VERMEERSCH FORMER DIRECTOR 0.00 X 18000 0 2725 BETTY REYNOLDS-MACIEJEWSKI FORMER DIRECTOR 0.00 X 18000 0 2725 LAVERNE HANSON FORMER DIRECTOR 0.00 X 18000 0 2725 3099086 1350 636938 18 1 1 0 FULBRIGHT & JAWORKSKI LLP 801 PENNSYLVANIA AVE NW WASHINGTON DC 20004 LEGAL SERVICES 352712 FISHBECK THOMPSON CARR & HUBER INC 1515 ARBORETUM DRIVE SE GRAND RAPIDS MI 49546 CONSULTING SERVICES 347854 LCM SURVEYING & ENGINEERING LLC 225 E MAIN STREET PO BOX 408 MARION MI 49665 SURVEYING & ENGINEERING SERVICES 237350 DYKEMA GOSSETT PLLC DEPT CH 16382 PALANTINE IL 60055 LEGAL SERVICES 181999 4 SALES TO MEMBERS 221000 311112734 311112734 MICHIGAN JOINT ZONE 221000 29885475 29885475 340998209 1609343 576255 1033088 50810 657665 -606855 -606855 -606855 NON-MEMBER SALES 221000 60582570 60582570 MANAGEMENT FEE 900099 319341 319341 OTHER REVENUE 900099 207849 207849 61109760 403110457 341893805 60582570 634082 3173318 412675 547086 937860 262097 316284 73650 351696 19070822 16656902 PURCHASED POWER 245002140 NON-MEMBER EXPENSES 72078055 POWER GENERATION 10215348 PROPERTY TAXES 10149143 7140165 386387241 90225039 97364 7982322 92497314 30006358 30976855 19758243 17008537 11707436 1533678 596610536 180903211 399762632 415707325 73893676 60980836 2385198 2538458 1184778 1290721 636905682 622631088 37199336 36246330 422319945 400970969 1612208 1010470 4052992 4165695 465184481 442393464 X 0 0 2000 2000 171719201 180235624 171721201 180237624 636905682 622631088 X 16723216 -8206793 X 0 1 X 1 0 X 3 7.35 0 0 1 0 1.00 0 11893545 11893545 20893226 20893226 548544554 180903211 367641343 15279211 15279211 415707325 INVESTMENT IN SUBSIDIARY 30282842 C CAPITAL TERM CERTIFICATES 9104056 C PATRONAGE CAPITAL CREDIT 3548221 C OTHER 18045717 C 60980836 PROVISION FOR POST-RETIREMENT BENEFITS 2874131 OTHER LONG-TERM LIABILITIES 1291564 4165695 X X X 0 1 0 ERIC D BAKER PRESIDENT/CEO 444878 0 125000 0 9692 0 35880 0 28549 0 643999 0 0 0 JANET KASS CHIEF FINANCIAL OFFICER 201645 0 7775 0 0 0 28428 0 23128 0 260976 0 0 0 DANIEL DECOEUR CHIEF OPERATING OFFICER 187569 0 20863 0 8063 0 26082 0 25013 0 267590 0 0 0 CRAIG BORR EXECUTIVE VICE PRESIDENT 286262 0 49000 0 9735 0 35880 0 28549 0 409426 0 0 0 DANNY JANWAY VP CONSTRUCTION 175373 0 2213 0 13494 0 24426 0 24399 0 239905 0 0 0 CRAIG S BORTON VP HUMAN RESOURCES 159742 0 18450 0 3785 0 22632 0 23768 0 228377 0 0 0 KIMBERLY B MOLITOR VP EXTERNAL AFFAIRS 156266 0 16875 0 3646 0 21804 0 13399 0 211990 0 0 0 BRIAN L WARNER VP ENVIRONMENTAL STRATEGY 136817 0 22638 0 11408 0 19182 0 22518 0 212563 0 0 0 BRIAN E VALICE STAFF ATTORNEY 127877 0 4950 0 0 0 18216 0 22158 0 173201 0 0 0 DONALD P HEFFELFINGER MANAGER OF ENGINEERING 115800 0 8494 0 0 0 16491 0 18789 0 159574 0 0 0 RICHARD R KEHL CONTROLLER 125170 0 1594 0 5731 0 17595 0 11870 0 161960 0 0 0 TIMOTHY MARTIN MANAGER OF ENERGY OPERATIONS 104530 0 12034 0 1847 0 14725 0 18156 0 151292 0 0 0 ALLAN BRUDER FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2725 0 20725 0 0 0 GLEN ALSOBROOKS FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2725 0 20725 0 0 0 FRED VERMEERSCH FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2725 0 20725 0 0 0 BETTY REYNOLDS-MACIEJEWSKI FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2725 0 20725 0 0 0 LAVERNE HANSON FORMER DIRECTOR 18000 0 0 0 0 0 0 0 2725 0 20725 0 0 0 PART I, LINE 4B THE PRESIDENT/CEO AND EXECUTIVE VICE PRESIDENT PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS TO THIS PLAN WERE INCLUDED IN COLUMN C, PART II. NEITHER RECEIVED ANY PAYMENTS FROM THE PLAN DURING 2014. FORM 990, PART VI, SECTION A, LINE 6 MEMBER OWNERS FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF EACH OF WOLVERINE'S MEMBERS APPOINTS TWO OF THEIR DIRECTORS TO SERVE ON WOLVERINE'S BOARD. FORM 990, PART VI, SECTION A, LINE 7B WHILE WOLVERINE'S BOARD OF DIRECTORS ARE EMPOWERED TO MAKE MOST BUSINESS DECISIONS, A FEW KEY DECISIONS MUST BE MADE BY A MAJORITY VOTE OF WOLVERINE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE CFO AND CONTROLLER REVIEWED FORM 990 IN OCTOBER 2015 IN DETAIL. THE VICE PRESIDENT OF HUMAN RESOURCES REVIEWED THE EMPLOYEE COMPENSATION INFORMATION IN DETAIL IN OCTOBER 2015. THE PRESIDENT/CEO REVIEWED THE GENERAL CONTENT OF FORM 990 IN OCTOBER 2015. THE 990 WAS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW IN OCTOBER 2015 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ON AN ANNUAL BASIS UTILIZING AN INDEPENDENT CONSULTANT WHO PROVIDES DATA FROM A VARIETY OF NATIONAL COMPENSATION SURVEYS THAT FOCUS ON ELECTRIC UTILITIES INCLUDING GENERATION AND TRANSMISSION COOPERATIVES. SALARIES FOR ALL NON-UNION EMPLOYEES ARE DETERMINED INDIVIDUALLY ON AN ANNUAL BASIS FOLLOWING A FORMAL EMPLOYEE EVALUATION. SALARY RANGES ARE REVIEWED EVERY OTHER YEAR BY AN INDEPENDENT CONSULTANT TO ENSURE INTERNAL PAY EQUITY AND EXTERNAL COMPETITIVENESS. COMPENSATION SURVEYS ARE UTILIZED IN DETERMINING SALARY RANGES FOR NON-UNION EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2013. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN POST-RETIREMENT LIABILITY -12,472. RETIREMENT OF PATRONAGE CAPITAL -8,194,321. PENINSULA GENERATION COOPERATIVE 10125 W WATERGATE RD CADILLAC MI 49601 273659272 POWER SUPPLIER MI 501(C)(12) WOLVERINE POWER SUPPLY COOPERATIVE INC 1 SPARTAN RENEWABLE ENERGY INC 10125 WEST WATERGATE ROAD CADILLAC MI 49601 205990509 ALTERNATIVE ELECTRIC SUPPLIER MI WOLVERINE POWER SUPPLY COOPERATIVE C 155696 1296915 0.90910 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 SPARTAN RENEWABLE ENERGY L 5153777 MWH SOLD PENINSULA GENERATION COOPERATIVE Q 67043 FMV OF SERVICES PENINSULA GENERATION COOPERATIVE S 3225000 RETURN OF PAID IN CAPITAL PENINSULA GENERATION COOPERATIVE M 51910692 REVENUE SPARTAN RENEWABLE ENERGY F 5000 DIVIDEND RECEIVED SPARTAN RENEWABLE ENERGY Q 35692 FMV OF SERVICES