NOVI, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION, founded in 1969, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $21.0M exceeded revenue, resulting in a 43% operating deficit.
TO REVIEW, ADJUST, AND MAKE PAYMENTS OF COVERED CLAIMS FROM MEMBER INSOLVENT PROPERTY AND CASUALTY INSURANCE COMPANIES THAT WERE LICENSED IN THE STATE OF MICHIGAN
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,704,467 | $11,322,292 | +0.3% |
| Expenses | $21,030,421 | $13,548,362 | +0.6% |
| Net Income | $-6,325,954 | $-2,226,070 | +1.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES MORITZ | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN DONNELLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD L FOX | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY MASS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUZANNE PHILLIPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| OMARI SANKOFA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET SCHESKE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFERY JENKINS | EXECUTIVE DIRECTOR | 38.80 |
Officer
|
$230,545 | $41,478 | $272,023 |
| JOHN ARMENT | DIRECTOR OF FINANCE AND ADMIN. | 38.80 |
Officer
|
$184,646 | $33,864 | $218,510 |
| LAURA MYERS | CLAIMS MANAGER | 38.80 |
Highest
|
$140,965 | $33,685 | $174,650 |
| LORI RICE | ACCOUNTING MANAGER | 38.80 |
Highest
|
$124,267 | $32,118 | $156,385 |
| BEN CZAPIEWSKI | SENIOR CLAIMS ADJUSTER | 38.80 |
Highest
|
$107,597 | $22,769 | $130,366 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $14,704,467 | $21,030,421 | $128,237,930 | $-6,325,954 |
| 2023 | $11,322,292 | $13,548,362 | $125,011,204 | $-2,226,070 |
| 2022 | $16,294,916 | $32,360,522 | $123,183,615 | $-16,065,606 |
| 2021 | $16,019,730 | $6,495,992 | $169,923,303 | $9,523,738 |
| 2020 | $12,638,878 | $9,688,701 | $167,155,900 | $2,950,177 |
| 2019 | $26,159,733 | $17,220,251 | $160,969,224 | $8,939,482 |
| 2018 | $34,507,368 | $2,294,873 | $142,864,064 | $32,212,495 |
Compare MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION with other nonprofits in Michigan and across the country.