Public Charity

CLOVERLAND ELECTRIC COOPERATIVE

CLOVERLAND ELECTRIC COOPERATIVE is a nonprofit organization categorized as Public Charity based in SAULT STE MARIE, MI. Its most recent IRS filing (2024) reports revenue of $91.3M, expenses of $92.4M, total assets of $235.0M.

EIN: 380429495 SAULT STE MARIE, MI Latest filing: 2024
Total Revenue$91.3M
Total Expenses$92.4M
Total Assets$235.0M
Grant Records0
Filing Years2019–2024

Mission

CLOVERLAND ELECTRIC COOPERATIVE IS A NOT-FOR-PROFIT, MEMBER-OWNED UTILITY FOCUSED ON DELIVERING EXCEPTIONAL SERVICES THROUGH THE GENERATION AND SAFE DELIVERY OF RELIABLE AND AFFORDABLE ENERGY SOLUTIONS THAT ENCOURAGE GROWTH, FOSTER INNOVATION, AND STRENGTHEN THE COMMUNITIES WE SERVE.

Officers & Directors

SECRETARY/TREASURER Carmine Bonacci Jr
LINE FOREMAN Donald Hagen
DIRECTOR Gerald Nettleton
LINE FOREMAN Jared Kangas
DIRECTOR (THROUGH JUNE 2024) Jason Oberle
DIRECTOR Jason St Onge

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $91.3M $92.4M $235.0M
2023 $90.7M $83.7M $223.3M
2022 $89.4M $86.8M $214.2M
2020 $81.7M $72.6M $203.3M
2019 $81.9M $76.6M $198.6M

Between 2019 and 2024, reported annual revenue grew from $81.9M to $91.3M (+11%), with total assets most recently reported at $235.0M.

Interactive year-over-year charts and full filing details available with membership.

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