Consumers Energy

Not tax-deductible

Marshalltown, IAMutual-benefit / member-servingSince 1938Mutual / membership EIN 42-0396598Revenue $26.6M in FY2025Latest return filed Jul 28, 2026

On file with the IRSconsumersenergy.coopMarshalltown, IATax-exempt since Aug 1939

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Consumers energy's mission is to provide our members with reliable electric service in a safe manner at affordable and equitable rates.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0396598) · Dispute this line
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $986K a year · 4% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.0M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
1.8 mo
of spending, in cash
Plus $10.6M in investments, Pt X · Ln 11–13
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$35.9M
52% of total assets
Liabilities are 52% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$26.6M
+9% vs prior year
Spent
$25.1M
Net assets
$33.3M
By yearFY2020–FY2025
Revenue
$26.6M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.5M
FY2021$20.9M
FY2022$23.4M
FY2023$24.8M
FY2024$24.3M
FY2025$26.6M
Expenses
$25.1M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.4M
FY2021$20.4M
FY2022$22.9M
FY2023$23.6M
FY2024$23.2M
FY2025$25.1M
Net assets
$33.3M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$25.5M
FY2021$27.1M
FY2022$28.5M
FY2023$30.1M
FY2024$31.4M
FY2025$33.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1939.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $1.0M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
CEO/General Manager
$201,620Pt VII · Sec A
COO/Operation Manager
$166,563Pt VII · Sec A
Operations Supervisor
$129,385Pt VII · Sec A
Member Services/HR Manager
$124,857Pt VII · Sec A
Lead Lineman
$123,973Pt VII · Sec A
Finance Manager
$119,618Pt VII · Sec A
Lead Lineman
$119,404Pt VII · Sec A
Secretary/Treasurer
$9,910Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Kidd—————$222,875
Bridget Itzen$201,620$204,600$187,250$184,627$145,804$121,071
Kevin Peterson$166,563—$158,092$143,464$139,280$140,668
Kevin Pterson—$166,265————
Elliot Mayland$129,385$134,116$117,373$110,897$105,321$117,260
Gail Hull$124,857$128,568$112,187———
Rick Dolash$123,973$126,158$116,143$112,306$103,779$108,941
Max Upah—$123,087—$103,646——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Consumers Energy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivering safe, affordable, and equitable electricity to members.

Questions for Consumers Energy

Tap to ask. Consumers Energy sees how many people are interested.

Your first name shows with your question. Consumers Energy answers here, for everyone.

1 program · in their own filed words · FY2025
01

The cooperative provided electric service to a total of 6,756 members.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0396598) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2021 · $1.2M federal money spent
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Iowa Department of Homeland Security and Emergency Management$1.2M

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$26.6M
Ln 12
Fees for servicesLn 2g$26.6M
Investment incomeLn 3$132K
Money outPt IX
$25.1M
Ln 25
Owns and owesPt X
$33.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$69.2M
LiabilitiesLn 26$35.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$26.6M
Investment incomeLn 3$132K
Gains on assetsLn 7$9K
Total revenueLn 12$26.6M
Assets in detailPt X, end of year
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$3.8M
Accounts receivableLn 4$3.1M
Notes and loans receivableLn 7$1.4M
Inventories for sale or useLn 8$3.8M
Prepaid expenses and deferred chargesLn 9$376K
Land, buildings, equipmentLn 10c$46.2M
InvestmentsLn 11–13$10.6M
Other assetsLn 15$85K
Total assetsLn 16$69.2M
LiabilitiesLn 26$35.9M
Net assetsLn 32$33.3M
OperationsPt I, VI
EmployeesI 530
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.6M$3.8M
InvestmentsLn 11–13$10.1M$10.6M
Land, buildings, equipmentLn 10c$45.6M$46.2M
Total assetsLn 16$67.5M$69.2M
LiabilitiesLn 26$36.0M$35.9M
Net assetsLn 32$31.4M$33.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K
Benefits paid to or for membersLn 4$1.0M
Pay of officers and key staff (Part IX, line 5)Ln 5$549K
Other salaries and wagesLn 7$2.2M
Pension plan contributionsLn 8$450K
Payroll taxesLn 10$193K
InterestLn 20$1.5M
Depreciation, depletion and amortizationLn 22$2.4M
Other expenses (24a–d)Ln 24$19.3M
All other expensesLn 24e−$2.4M
Total functional expensesLn 25$25.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 28, 2026 $26.6M$25.1M$1.5M$33.3M 990 PDF
FY2024Filed with the IRS Jul 1, 2025 $24.3M$23.2M$1.1M$31.4M 990 PDF
FY2023Filed with the IRS Aug 2, 2024 $24.8M$23.6M$1.2M$30.1M 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $23.4M$22.9M$525K$28.5M 990 PDF
FY2021Filed with the IRS Aug 12, 2022 $20.9M$20.4M$510K$27.1M 990 PDF
FY2020Filed with the IRS Sep 3, 2021 $20.5M$19.4M$1.1M$25.5M 990 PDF

Schedules filed Part IV

D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $26,571,052 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $24,207,107$26,561,663
I-10 Investment incomePrior year $100,377$141,006
I-11 Other revenuePrior year $26,806−$131,617
I-12 Total revenuePrior year $24,334,290$26,571,052
I-13 Grants and similar amounts paidPrior year $5,350$1,246
I-14 Benefits paid to membersPrior year $906,338$1,023,987
I-15 Salaries and benefitsPrior year $3,404,132$3,359,415
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,917,766$20,711,404
I-18 Total expensesPrior year $23,233,586$25,096,052
I-19 Revenue less expensesPrior year $1,100,704$1,475,000
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $26,571,052 across 4 lines filed
Lines not itemized here account for −$131,617 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,491,806 · Unrelated business $69,857$26,561,663
VIII-3 Investment incomeExcluded from tax $132,006$132,006
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,000$9,000
VIII-12 Total revenueRelated to mission $26,360,189 · Unrelated business $69,857 · Excluded from tax $141,006$26,571,052
Part IX · Statement of functional expenses $25,096,052 across 10 lines filed
IX-1 Grants to domestic organizations$1,246
IX-4 Benefits paid to or for members$1,023,987
IX-5 Pay of officers and key staff (Part IX, line 5)$548,681
IX-7 Other salaries and wages$2,167,763
IX-8 Pension plan contributions$449,637
IX-10 Payroll taxes$193,334
IX-20 Interest$1,450,319
IX-22 Depreciation, depletion and amortization$2,364,039
IX-24 Other expenses (24a–d)$19,258,265
IX-24e All other expenses−$2,361,219
IX-25 Total functional expenses$25,096,052
Part X · Balance sheet $69,210,257 assets, 20 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,603,211$3,764,720
X-4 Accounts receivableStart of year $2,683,428$3,065,999
X-7 Notes and loans receivableStart of year $1,228,125$1,384,442
X-8 Inventories for sale or useStart of year $3,231,139$3,778,135
X-9 Prepaid expenses and deferred chargesStart of year $946,564$375,635
X-10c Land, buildings and equipment, netStart of year $45,617,976$46,175,437
X-13 Program-related investmentsStart of year $10,064,086$10,580,778
X-15 Other assetsStart of year $89,985$85,111
X-16 Total assetsStart of year $67,464,514$69,210,257
X-17 Accounts payable and accrued expensesStart of year $2,497,294$2,429,163
X-21 Escrow or custodial accountsStart of year $1,445$1,364
X-23 Secured mortgages and notes payableStart of year $30,576,812$30,641,295
X-24 Unsecured notes and loans payableStart of year $750,000$750,000
X-25 Other liabilitiesStart of year $2,196,596$2,088,931
X-26 Total liabilitiesStart of year $36,022,147$35,910,753
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $31,442,367$33,299,504
X-32 Total net assets or fund balancesStart of year $31,442,367$33,299,504
X-33 Total liabilities and net assetsStart of year $67,464,514$69,210,257
Part XI · Reconciliation of net assets $33,299,504 net assets at year end
XI-1 Total revenue$26,571,052
XI-2 Total expenses$25,096,052
XI-3 Revenue less expenses$1,475,000
XI-4 Net assets at start of year$31,442,367
XI-9 Other changes in net assets$382,137
XI-10 Net assets at end of year$33,299,504

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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