2023-11-14T12:45:03-06:00 2022-12-31 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2022-01-01 380429495 CLOVERLAND ELECTRIC COOPERATIVE CLOV 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 MICHAEL HEISE PRESIDENT/CEO 9066356800 2023-11-14 1 MICHAEL HEISE 999009999 0 JEFFREY E HERT CPA P00066715 2319463230 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL HEISE 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 93151354 0 X WWW.CLOVERLAND.COM X 1938 MI ELECTRIC COOPERATIVE 9 9 130 9 -26859 0 3481519 0 82242536 87946072 1474212 1529605 -40429 -26859 87157838 89448818 0 0 407668 89136 1669937 1879188 0 0 0 75806711 84865653 77884316 86833977 9273522 2614841 210343579 214176437 147191807 148836119 63151772 65340318 ELECTRIC COOPERATIVE 0 0 PROVIDE ELECTRIC POWER TO OVER 44,000 CONSUMERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 0 1 66 0 1 130 1 1 1 0 0 0 0 1 0 0 87946072 5205282 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 X X JILLIAN KING 9066356800 725 EAST POSTAGE AVE SAULT STE MARIE MI 49783 WILLIAM LALONDE CHAIRPERSON 10.00 X X 11200 0 794 JOHN SAWRUK VICE CHAIRPERSON 5.00 X X 10220 0 794 CARMINE BONACCI JR SECRETARY/TREASURER 5.00 X X 9850 0 794 JASON OBERLE DIRECTOR 5.00 X 11182 0 794 VIRGIL MONROE DIRECTOR 5.00 X 11040 0 789 RONALD PROVO DIRECTOR 5.00 X 11000 0 786 JASON ST ONGE DIRECTOR 5.00 X 6566 0 803 GERALD NETTLETON DIRECTOR 5.00 X 10900 0 794 KEVIN VANATTA DIRECTOR 5.00 X 0 0 3747 MICHAEL HEISE PRESIDENT/CEO 40.00 X 320806 0 138416 PATRICK FRAZIER COO 40.00 X 171699 0 17160 JILLIAN KING DIRECTOR OF FINANCE 40.00 X 114972 0 47790 ROGER LINE DIR OF GENERATION 40.00 X 144583 0 41476 BRIAN LAVEY DIR OF ENGINEERING 40.00 X 147385 0 57491 JARED KANGAS LINE FOREMAN 40.00 X 140175 0 44075 JEFF BENOIT LINE FOREMAN 40.00 X 138469 0 44087 MATT SHADNAW LINEMAN 40.00 X 135940 0 30936 1395987 0 431526 66 0 1 0 ASPLUNDH TREE EXPERT LLC 708 BLAIR MILL RD WILLOW GROVE PA 19090 TREE TRIMMING SERVICES 1896807 TREES LLC 1700 SOLUTIONS CENTER CHICAGO IL 60677 TREE TRIMMING 620357 PICKFORD SOLAR LLC 121 E FRONT ST SUITE 205 TRAVERSE CITY MI 49684 SOLAR ENERGY 504994 METIS ENERGY LLC 450 S 3RD ST SUITE 100 LOUSVILLE KY 40202 CONSULTING 160144 4 ELECTRIC REVENUE FROM MEMBERS 221000 87619410 87619410 POLE CONTACT FEES 221000 326662 326662 87946072 1501126 1457197 43929 9000 28880 14362 50377 -5362 -21497 -26859 -26859 3666276 3637797 28479 28479 28479 89448818 89076607 -26859 399070 X 89136 787382 612205 292886 186715 156543 4044395 7276811 COST OF POWER - PURCHAS 34685282 DISTRIBUTION - MAINTENA 9160563 TRANSMISSIONS 9002223 COST OF POWER - PRODUCE 6445925 14093911 86833977 2500 2500 2178536 1105030 9765522 10559794 3965272 5341299 435727 321782 238876467 67535095 168513311 171341372 16918950 17655039 8563761 7849621 210343579 214176437 9979277 12821577 681096 672545 125873252 132130105 10658182 3211892 147191807 148836119 X 176805 185215 2030704 2176671 60944263 62978432 63151772 65340318 210343579 214176437 X 2614841 -426295 X X 0 1 X 1 0 223287009 65496776 157790233 83442 83442 0 15506016 1954877 13551139 171341372 ATC, LLC 14265324 C INVESTMENT IN NRUCFC 821539 C DEFERRED COMP 457 PLANS 89400 C OTHER INVESTMENTS IN ASSOC ORG 690771 C COBANK 898950 C FEDERATED RURAL ELECTRIC INSURANCE 615438 C PATRONAGE CAPITAL CREDITS 273617 C 17655039 LINE OF CREDIT 2500000 457B DEFERRED COMP PLANS 89400 OPEB 622492 3211892 X 89386426 64739 64739 89321687 127131 127131 89448818 86771586 64740 64740 86706846 127131 127131 86833977 PART X, LINE 2: CLOVERLAND IS A NOTFORPROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES, PROVIDED THAT CLOVERLAND DERIVES AT LEAST 85 PERCENT OF ITS ANNUAL GROSS INCOME FROM MEMBERS TO RETAIN THE EXEMPTION. ALTHOUGH CLOVERLAND WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM THE MEMBERSHIP. CLOVERLAND ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. CLOVERLAND HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR 2019 THROUGH 2022, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2022. CLOVERLAND CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. CLOVERLAND DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. CLOVERLAND DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2022 OR 2021, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XII, LINE 4B PATRONAGE CAPITAL PAYMENTS TO MEMBERS - $89,136 EXPENSES OF NON OPERATIONAL RENTALS - $37,995 PART XII, LINE 2D RENT EXPENSES - $64,739 X 0 0 X X X X X 0 1 0 MICHAEL HEISE PRESIDENT/CEO 320806 0 0 0 0 0 102220 0 36196 0 459222 0 0 0 BRIAN LAVEY DIR OF ENGINEERING 147385 0 0 0 0 0 37312 0 20179 0 204876 0 0 0 PATRICK FRAZIER COO 171699 0 0 0 0 0 0 0 17160 0 188859 0 0 0 ROGER LINE DIR OF GENERATION 144583 0 0 0 0 0 34105 0 7371 0 186059 0 0 0 JARED KANGAS LINE FOREMAN 140175 0 0 0 0 0 24324 0 19751 0 184250 0 0 0 JEFF BENOIT LINE FOREMAN 138469 0 0 0 0 0 24336 0 19751 0 182556 0 0 0 MATT SHADNAW LINEMAN 135940 0 0 0 0 0 23314 0 7622 0 166876 0 0 0 JILLIAN KING DIRECTOR OF FINANCE 114972 0 0 0 0 0 28034 0 19756 0 162762 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED TO CEO MICHAEL HEISE AND COO PATRICK FRAZIER AS PART OF A RELOCATION PACKAGE. SCHEDULE J, PART I, QUESTION 4B MICHAEL HEISE RECEIVED A $27,000 EMPLOYER CONTRIBUTION INTO HIS 457B ACCOUNT IN 2022. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS BY REGION. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT & CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEY AND APPROVAL BY BOARD. COMPENSATION STUDY. FORM 990, PART VI, SECTION C, LINE 19 MADE AVAILABLE BY WRITTEN REQUEST. FORM 990, PART IX, LINE 24E ADMINISTRATIVE AND GENERAL 5,579,062. DISTRIBUTION - OPERATIONS 3,809,109. TAXES - PROPERTY 2,890,896. CUSTOMER ACCOUNTS 2,226,186. CUSTOMER SERVICE AND INFORMATION 1,429,851. OTHER EXPENSES 37,995. ALLOCATED PAYROLL -1,879,188. FORM 990, PART XI, LINE 9: DONATED CAPITAL -434,705. INCREASE IN MEMBERSHIPS 8,410. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. CLOVERLAND CARES 725 E PORTAGE AVE SAULT STE MARIE MI 49783 850670727 PROVIDE SCHOLARSHIPS AND FUNDING FOR FOOD BANKS AND SCHOOL PROGRAMS MI 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0