Consumers Energy FY2022 filing

Not tax-deductible

Marshalltown, IAMutual-benefit / member-servingSince 1938EIN 42-0396598Revenue $23.4M in FY2022

On file with the IRSconsumersenergy.coop2074 242nd St, 50158-9137 · Marshalltown, 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.

$905K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$905K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31.8M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.4M
+12% vs prior year
Spent
$22.9M
Net assets
$28.5M
By yearFY2020–FY2025
Revenue
$23.4M
FY2022▲ +12%
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
$22.9M
FY2022▲ +12%
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
$28.5M
FY2022▲ +5%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

16 people listed on the 990; $905K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/General Manager
$184,627Pt VII · Sec A
COO/Operations Manager
$143,464Pt VII · Sec A
Lead Lineman
$112,306Pt VII · Sec A
Operations Supervisor
$110,897Pt VII · Sec A
Lead Lineman
$106,741Pt VII · Sec A
Lineman
$103,646Pt VII · Sec A
$103,633Pt VII · Sec A
President
$6,908Pt 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.

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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

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The cooperative provided electric service to a total of 6,241 members.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$23.4M
Ln 12
Fees for servicesLn 2g$23.4M
Investment incomeLn 3$46K
Money outPt IX
$22.9M
Ln 25
Owns and owesPt X
$28.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$60.3M
LiabilitiesLn 26$31.8M
PeoplePt VI, VII
16
listed · VII A
PaidVII A16
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$23.4M
Investment incomeLn 3$46K
Total revenueLn 12$23.4M
Assets in detailPt X, end of year
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$8.7M
Land, buildings, equipmentLn 10c$39.8M
Other assetsLn 15$124K
Total assetsLn 16$60.3M
LiabilitiesLn 26$31.8M
Net assetsLn 32$28.5M
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 FY22End FY22
Cash and savingsLn 1–2$3.8M$3.4M
InvestmentsLn 11–13$8.8M$8.7M
Land, buildings, equipmentLn 10c$36.3M$39.8M
Total assetsLn 16$55.0M$60.3M
LiabilitiesLn 26$27.9M$31.8M
Net assetsLn 32$27.1M$28.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$350
Benefits paid to or for membersLn 4$1.4M
Pay of current officers, directors and key staffLn 5$485K
Other salaries and wagesLn 7$1.9M
Pension plan contributionsLn 8$392K
Payroll taxesLn 10$168K
InterestLn 20$969K
Depreciation, depletion and amortizationLn 22$2.0M
Other expenses (24a–d)Ln 24$17.5M
All other expensesLn 24e−$2.0M
Total functional expensesLn 25$22.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $26.6M$25.1M$1.5M$33.3M 990 PDF
FY2024 $24.3M$23.2M$1.1M$31.4M 990 PDF
FY2023 $24.8M$23.6M$1.2M$30.1M 990 PDF
FY2022 Viewing $23.4M$22.9M$525K$28.5M 990 PDF
FY2021 $20.9M$20.4M$510K$27.1M 990 PDF
FY2020 $20.5M$19.4M$1.1M$25.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $23,381,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $20,885,849$23,419,377
I-10 Investment incomePrior year $26,066$45,961
I-11 Other revenuePrior year −$17,801−$84,098
I-12 Total revenuePrior year $20,894,114$23,381,240
I-13 Grants and similar amounts paidPrior year $608$350
I-14 Benefits paid to membersPrior year $1,889,746$1,417,366
I-15 Salaries and benefitsPrior year $2,793,083$2,930,069
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,700,677$18,508,455
I-18 Total expensesPrior year $20,384,114$22,856,240
I-19 Revenue less expensesPrior year $510,000$525,000
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 $23,381,240 across 3 lines filed
Lines not itemized here account for −$84,098 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,363,822 · Unrelated business $55,555$23,419,377
VIII-3 Investment incomeExcluded from tax $45,961$45,961
VIII-12 Total revenueRelated to mission $23,279,724 · Unrelated business $55,555 · Excluded from tax $45,961$23,381,240
Part IX · Statement of functional expenses $22,856,240 across 10 lines filed
IX-2 Grants to domestic individuals$350
IX-4 Benefits paid to or for members$1,417,366
IX-5 Pay of current officers, directors and key staff$484,513
IX-7 Other salaries and wages$1,886,129
IX-8 Pension plan contributions$391,685
IX-10 Payroll taxes$167,742
IX-20 Interest$969,061
IX-22 Depreciation, depletion and amortization$1,964,085
IX-24 Other expenses (24a–d)$17,527,797
IX-24e All other expenses−$1,952,488
IX-25 Total functional expenses$22,856,240
Part X · Balance sheet $60,262,626 assets, 14 lines filed
Asset lines not itemized here account for $883,322; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $3,840,563$3,404,832
X-4 Accounts receivableStart of year $2,154,514$4,232,588
X-8 Inventories for sale or useStart of year $2,010,706$2,707,363
X-9 Prepaid expenses and deferred chargesStart of year $212,073$415,604
X-10c Land, buildings and equipment, netStart of year $36,281,177$39,823,629
X-13 Program-related investmentsStart of year $8,797,042$8,671,387
X-15 Other assetsStart of year $105,313$123,901
X-16 Total assetsStart of year $55,017,115$60,262,626
X-17 Accounts payable and accrued expensesStart of year $2,215,516$2,884,743
X-24 Unsecured notes and loans payableStart of year $500,000$0
X-25 Other liabilitiesStart of year $1,654,123$1,962,840
X-26 Total liabilitiesStart of year $27,924,173$31,793,494
X-32 Total net assets or fund balancesStart of year $27,092,942$28,469,132
X-33 Total liabilities and net assetsStart of year $55,017,115$60,262,626
Part XI · Reconciliation of net assets $28,469,132 net assets at year end
XI-1 Total revenue$23,381,240
XI-2 Total expenses$22,856,240
XI-3 Revenue less expenses$525,000
XI-4 Net assets at start of year$27,092,942
XI-9 Other changes in net assets$851,190
XI-10 Net assets at end of year$28,469,132

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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