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← CONSUMERS ENERGY

Form 990 for tax year 2025

Filed by CONSUMERS ENERGY.

Totals

Total revenue
$26,571,052
Total expenses
$25,096,052
Contributions and grants received
$0
Grants paid
$1,246
Program service revenue
$26,561,663
Investment income
$141,006
Other revenue
-$131,617
Total assets, end of year
$69,210,257
Total liabilities, end of year
$35,910,753
Net assets or fund balances, end of year
$33,299,504
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF POWER

    total $25,099,441 · related or exempt $25,029,664 · unrelated business $69,777

  • 2b · Program service revenue: COOP CAPITAL CREDITS

    total $1,430,936 · related or exempt $1,430,856 · unrelated business $80

  • 2c · Program service revenue: OTHER NON-OPERATING

    total $31,286 · related or exempt $31,286

  • 3 · Investment income

    total $132,006 · excluded $132,006

  • 7a · Gross sales of assets other than inventory

    other assets $9,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $9,000

  • 7d · Net gain or loss

    total $9,000 · excluded $9,000

  • 10a · Gross sales of inventory

    $191,576

  • 10b · Cost of goods sold

    $323,193

  • 10c · Net income from sales of inventory

    total -$131,617 · related or exempt -$131,617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,246

  • 4 · Benefits paid to or for members

    total $1,023,987

  • 5 · Compensation of officers, directors and key employees

    total $548,681

  • 7 · Other salaries and wages

    total $2,167,763

  • 8 · Pension plan contributions

    total $449,637

  • 10 · Payroll taxes

    total $193,334

  • 20 · Interest

    total $1,450,319

  • 22 · Depreciation, depletion and amortization

    total $2,364,039

  • 24a · Other expenses: COST OF POWER

    total $14,876,570

  • 24b · Other expenses: ADMIN & GENERAL

    total $1,659,809

  • 24c · Other expenses: DISTRIBUTION-MAINTENANC

    total $1,519,112

  • 24d · Other expenses: DISTRIBUTION-OPERATIONS

    total $1,202,774

  • 24e · All other expenses

    total -$2,361,219

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,603,211 · end of year $3,764,720

  • 4 · Accounts receivable

    beginning of year $2,683,428 · end of year $3,065,999

  • 7 · Other notes and loans receivable

    beginning of year $1,228,125 · end of year $1,384,442

  • 8 · Inventories for sale or use

    beginning of year $3,231,139 · end of year $3,778,135

  • 9 · Prepaid expenses and deferred charges

    beginning of year $946,564 · end of year $375,635

  • 10a · Land, buildings and equipment: cost or other basis

    $74,575,673

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,400,236

  • 10c · Land, buildings and equipment, net

    beginning of year $45,617,976 · end of year $46,175,437

  • 13 · Investments: program-related

    beginning of year $10,064,086 · end of year $10,580,778

  • 15 · Other assets

    beginning of year $89,985 · end of year $85,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,497,294 · end of year $2,429,163

  • 21 · Escrow or custodial account liability

    beginning of year $1,445 · end of year $1,364

  • 23 · Secured mortgages and notes payable

    beginning of year $30,576,812 · end of year $30,641,295

  • 24 · Unsecured notes and loans payable

    beginning of year $750,000 · end of year $750,000

  • 25 · Other liabilities

    beginning of year $2,196,596 · end of year $2,088,931

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,442,367 · end of year $33,299,504

Mission and programs · 2025

Mission

CONSUMERS ENERGY'S MISSION IS TO PROVIDE OUR MEMBERS WITH RELIABLE ELECTRIC SERVICE IN A SAFE MANNER AT AFFORDABLE AND EQUITABLE RATES.

Activities or mission (Part I)

SAFELY PROVIDING MEMBERS WITH RELIABLE ELECTRIC ENERGY SERVICE AT AFFORDABLE AND EQUITABLE RATES.

  • THE COOPERATIVE PROVIDED ELECTRIC SERVICE TO A TOTAL OF 6,756 MEMBERS.

As filed on the 2025 return.

Listed in Part VII

  • Dennis Beckman

    PRESIDENT

    Total calculated
    $8,620
    From this org
    $8,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.31

  • Craig Griffieon

    VICE PRESIDENT

    Total calculated
    $5,260
    From this org
    $5,260
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.58

  • Patricia Vonahnen

    SECRETARY/TREASURER

    Total calculated
    $9,910
    From this org
    $9,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.86

  • Robert Meimann

    ASST SECRETARY/TREASURER

    Total calculated
    $4,575
    From this org
    $4,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.01

  • William Hobson

    DIRECTOR

    Total calculated
    $6,298
    From this org
    $6,298
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.31

  • Anthony Lem

    DIRECTOR

    Total calculated
    $4,840
    From this org
    $4,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.24

  • Steve Quick

    DIRECTOR

    Total calculated
    $4,840
    From this org
    $4,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Jennifer Sease

    DIRECTOR

    Total calculated
    $3,720
    From this org
    $3,720
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.26

  • Arden Greiner

    DIRECTOR (LEFT IN AUG '25)

    Total calculated
    $4,508
    From this org
    $4,508
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.88

  • Ken Grant

    DIRECTOR (AS OF AUG '25)

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.22

  • Bridget Itzen

    CEO/GENERAL MANAGER

    Total calculated
    $325,336
    From this org
    $201,620
    From related orgs
    $0
    Other
    $123,716
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,781
    Bonus
    $14,423
    Other
    $2,416
    Deferred
    $108,910
    Nontaxable benefits
    $16,283
    Filer's total
    $326,813

  • Kevin Peterson

    COO/OPERATION MANAGER

    Total calculated
    $316,720
    From this org
    $166,563
    From related orgs
    $0
    Other
    $150,157
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $152,056
    Bonus
    $3,453
    Other
    $11,054
    Deferred
    $122,599
    Nontaxable benefits
    $28,841
    Filer's total
    $318,003

  • Elliot Mayland

    OPERATIONS SUPERVISOR

    Total calculated
    $228,054
    From this org
    $129,385
    From related orgs
    $0
    Other
    $98,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,675
    Bonus
    $453
    Other
    $257
    Deferred
    $70,646
    Nontaxable benefits
    $29,120
    Filer's total
    $229,151

  • Gail Hull

    MEMBER SERVICES/HR MANAGER

    Total calculated
    $259,404
    From this org
    $124,857
    From related orgs
    $0
    Other
    $134,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,041
    Bonus
    $3,453
    Other
    $363
    Deferred
    $104,028
    Nontaxable benefits
    $31,523
    Filer's total
    $260,408

  • Rick Dolash

    LEAD LINEMAN

    Total calculated
    $219,329
    From this org
    $123,973
    From related orgs
    $0
    Other
    $95,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,245
    Bonus
    $453
    Other
    $1,275
    Deferred
    $83,177
    Nontaxable benefits
    $13,059
    Filer's total
    $220,209

  • Justin Krueger

    FINANCE MANAGER

    Total calculated
    $185,351
    From this org
    $119,618
    From related orgs
    $0
    Other
    $65,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,460
    Bonus
    $2,953
    Other
    $205
    Deferred
    $38,146
    Nontaxable benefits
    $28,466
    Filer's total
    $186,230

  • James Harger

    LEAD LINEMAN

    Total calculated
    $215,589
    From this org
    $119,404
    From related orgs
    $0
    Other
    $96,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,797
    Bonus
    $453
    Other
    $154
    Deferred
    $67,158
    Nontaxable benefits
    $29,907
    Filer's total
    $216,469

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

FORM 990, PART VII, COLUMN F, OTHER COMPENSATION:
INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN OF $104,341 FOR BRIDGET ITZEN, $118,581 FOR KEVIN PETERSON, $67,411 FOR ELLIOT MAYLAND, $35,133 FOR JUSTIN KRUEGER, $80,166 FOR RICK DOLASH, $100,871 FOR GAIL HULL, AND $64,151 FOR JAMES HARGER. ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $38,806 FOR BRIDGET ITZEN, $33,962 FOR KEVIN PETERSON, $26,804 FOR ELLIOT MAYLAND, $24,852 FOR JUSTIN KRUEGER, $24,891 FOR RICK DOLASH, $26,187 FOR GAIL HULL, AND $24,759 FOR JAMES HARGER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CONSUMERS DEVELOPMENT LLC

    DEVELOPING COMMERCIAL PROPERTY · IA · income $69,857 · assets $125,047

    Directly controlled by CONSUMERS ENERGY

Provenance

Return type
form_990
Tax year
2025
Filed
7 July 2026
IRS schema version
2025v4.2
Source object
202632099349301208

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