Thumb Electric Cooperative Of Michigan Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381101255 ✦ Ubly, MI ✦ Designated as a 501(c)(12)

Overview

What is Thumb Electric Cooperative Of Michigan Inc?

Thumb Electric Cooperative of Michigan Inc is a public utilities nonprofit organization, headquartered in Michigan, serving approximately 12,274 members. Their primary mission is to deliver electric power and essential services to their community. Expanding beyond electricity, they also offer broadband services to enhance connectivity and improve the overall quality of life for their members.


Official website here: www.tecmi.coop

Is Thumb Electric Cooperative Of Michigan Inc legitimate?

Thumb Electric Cooperative Of Michigan Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Thumb Electric Cooperative Of Michigan Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $818,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tecmi.coop

What is the mission statement of Thumb Electric Cooperative Of Michigan Inc?

Thumb Electric Cooperative of Michigan is a public utilities organization that caters to the power needs of approximately 12,000 members. Their primary mission revolves around providing electric services, ensuring access to reliable and essential energy resources for the community they serve. Beyond electricity, they aim to expand their offerings by incorporating broadband capabilities. This expansion signifies their commitment to delivering modern and comprehensive solutions to enhance the everyday lives of their members. By focusing on both power and broadband, Thumb Electric Cooperative of Michigan aspires to foster progress and improve the overall quality of life for those within their community.


Official website here: www.tecmi.coop

Who is the CEO of Thumb Electric Cooperative Of Michigan Inc?

Deborah Peruski is the Broadband Manager of Thumb Electric Cooperative Of Michigan Inc.


Official website here: www.tecmi.coop

What is the revenue of Thumb Electric Cooperative Of Michigan Inc?

Thumb Electric Cooperative Of Michigan Inc's revenue in 2022 was $28,200,697.


Official website here: www.tecmi.coop

Who are the executives of Thumb Electric Cooperative Of Michigan Inc and what are their salaries?

The average compensation at Thumb Electric Cooperative Of Michigan Inc during 2022 was $17,414. There are 47 employees at Thumb Electric Cooperative Of Michigan Inc.

Here are 18 key members and their salaries:

    Bradley Essenmacher (Broadband Manager)
  • Compensation: $190,585
  • Related: $0
  • Other: $120,678

    • Dallas Braun (General Manager)
  • Compensation: $279,301
  • Related: $0
  • Other: $31,417

    • Deborah Peruski (Finance Executive)
  • Compensation: $116,876
  • Related: $0
  • Other: $164,807

    • Jeffrey Swick (Lineman)
  • Compensation: $153,661
  • Related: $0
  • Other: $76,670

    • Jim Vogel (Lineman)
  • Compensation: $169,163
  • Related: $0
  • Other: $55,112

    • Gary Burns Jr (Lineman)
  • Compensation: $174,757
  • Related: $0
  • Other: $38,315

    • Jason Lawhorn (Lineman)
  • Compensation: $160,941
  • Related: $0
  • Other: $43,116

    • Mike Cleland (Lineman)
  • Compensation: $155,768
  • Related: $0
  • Other: $44,029

    • Kim Nunn (Vice President) [Trustee/Director]
  • Compensation: $12,813
  • Related: $0
  • Other: $0

    • Jonathan Findlay (President) [Trustee/Director]
  • Compensation: $10,150
  • Related: $0
  • Other: $0

    • Matt Sommer (Director)
  • Compensation: $10,113
  • Related: $0
  • Other: $0

    • Craig Osentoski (Director)
  • Compensation: $10,063
  • Related: $0
  • Other: $0

    • Mike Briolat (Director)
  • Compensation: $8,513
  • Related: $0
  • Other: $0

    • Randall Dhyse (Treasurer) [Trustee/Director]
  • Compensation: $8,463
  • Related: $0
  • Other: $0

    • Louis Wenzlaff (Director)
  • Compensation: $6,813
  • Related: $0
  • Other: $0

    • Duane Kursinsky (Director)
  • Compensation: $5,238
  • Related: $0
  • Other: $0

    • Beth Mcdonald (Director (January-April))
  • Compensation: $2,813
  • Related: $0
  • Other: $0

    • Erica Peruski (Director)
  • Compensation: $2,000
  • Related: $0
  • Other: $0


  • Official website here: www.tecmi.coop

    Where can I find the form 990 for Thumb Electric Cooperative Of Michigan Inc?

    The Thumb Electric Cooperative Of Michigan Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.tecmi.coop

    Learn more at the official website: www.tecmi.coop

    Mission Statement of Thumb Electric Cooperative Of Michigan Inc

    Thumb Electric Cooperative of Michigan, a public utilities organization, is dedicated to providing electric power and essential services to a community of 12,274 members. This nonprofit cooperative goes beyond just supplying electricity; it is committed to powering the lives of its members.

    In the heart of its mission, Thumb Electric Cooperative of Michigan works tirelessly to ensure reliable and efficient electric power, enabling its members to carry out their daily activities with ease. The cooperative's reach extends beyond the basic provision of electricity. It aspires to foster a strong and interconnected community, empowering its members to thrive in their daily lives.

    Thumb Electric Cooperative of Michigan is more than just a power provider. It is a vital partner in the lives of its members, providing them with the essential energy they need to live, work, and connect. The organization's unwavering commitment to its community is at the core of its identity. It is a testament to its dedication to making a difference in the lives of its members, one family at a time.

    Impact

    This information is meant to be a general summary of Thumb Electric Cooperative Of Michigan Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Thumb Electric Cooperative Of Michigan Inc plays a crucial role in providing essential electric power and services to its 12,274 members in UBLY, MI. Additionally, they are expanding their impact by venturing into the broadband service sector, aiming to connect rural communities with reliable internet access. Through their services, Thumb Electric Cooperative is helping to improve the quality of life and economic opportunities for individuals and businesses in their region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $637,946
  • Program Service Revenue: $27,510,812
  • Gross Receipts: $28,219,386

    • Assets and Liabilities:
  • Total Assets: $142,582,924
  • Total Liabilities: $110,594,045
  • Net Assets: $31,988,879
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Sales of Electricity

    Revenue

    $24,315,377

    Service Fees

    Revenue

    $104,615

    Capital Credits

    Revenue

    $637,706

    Fiber Revenue/RDOF

    Revenue

    $2,358,431

    Pole Attachments

    Revenue

    $94,683

    Organization Details

    Founding Year

    1937

    Principal Officer

    Deborah Peruski

    Main Address

    2231 Main Street, Ubly, MI, 48475

    If you are a representative of Thumb Electric Cooperative Of Michigan Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.