Lansing, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Life Insurance Association of Michigan, founded in 1974, is a small nonprofit that reported $227K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $463K represent 24 months of operating reserves.
To serve the Michigan life insurance industry through focused legislative, regulatory, and public affairs activities while adhering to high ethical and professional standards for the benefit of Michigan's insurance buying consumers.
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 | $226,908 | $250,320 | -0.1% |
| Expenses | $222,960 | $249,331 | -0.1% |
| Net Income | $3,948 | $989 | +3.0% |
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 |
|---|---|---|---|---|---|---|
| Eric Musser | Past President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ken Ross | Chair/President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Stefanski Ended | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rob Anderson | Vice President/Legislative Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Barbara Janowski Ended | Director at Large | 1.00 |
Director
|
$0 | $0 | $0 |
| Teresa Ruckle | Director at Large | 1.00 |
Director
|
$0 | $0 | $0 |
| Kyle Smith | Director at Large | 1.00 |
Director
|
$0 | $0 | $0 |
| David Zyble | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Hugh Barrett Ended | Director at Large | 1.00 |
Director
|
$0 | $0 | $0 |
| Seema Taneja | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $226,908 | $222,960 | $475,170 | $3,948 |
| 2023 | $250,320 | $249,331 | $458,972 | $989 |
| 2022 | $224,859 | $231,351 | $473,104 | $-6,492 |
| 2021 | $181,606 | $181,721 | $514,782 | $-115 |
| 2020 | $199,518 | $144,721 | $560,859 | $54,797 |
| 2019 | $243,850 | $223,479 | $596,113 | $20,371 |
| 2018 | $248,466 | $218,669 | $522,687 | $29,797 |
Compare Life Insurance Association of Michigan with other nonprofits in Michigan and across the country.