AMERICAN SOCIETY OF EMPLOYERS

EIN: 380519450

TROY, MI

Total Revenue
$2,530,003
Total Expenses
$2,620,120
Total Assets
$4,082,332
Net Assets
$1,422,024
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
MI
Principal Officer
MARY E CORRADO
Phone
2483534500
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SOCIETY OF EMPLOYERS, founded in 1902, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023.

Mission

TO SUPPORT EMPLOYERS BY PROVIDING A BROAD RANGE OF INFORMATION, SERVICES, AND TRAINING THAT ENABLES THEM TO SUCCESSFULLY MANAGE THEIR MOST IMPORTANT ASSETS, THEIR PEOPLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,459,502
Investment Income $65,181
Other Revenue $5,320
TOTAL REVENUE $2,530,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,431,693
Fundraising Expenses $0
Other Expenses $1,188,427
TOTAL EXPENSES $2,620,120

Year-over-Year Comparison

2023 2022 Change
Revenue $2,530,003 $2,406,667 +0.1%
Expenses $2,620,120 $2,757,569 0.0%
Net Income $-90,117 $-350,902 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
19
Independent Members
19
Employees
31
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$861,014
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA A JONES DIRECTOR 1.00
Director
$0 $0 $0
KATHY MACKI DIRECTOR 1.00
Director
$0 $0 $0
SARAH ORWIG DIRECTOR 1.00
Director
$0 $0 $0
ALAN G LADUKE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KAY DOUGLAS DIRECTOR 1.00
Director
$0 $0 $0
DELORIS HUNT DIRECTOR 1.00
Director
$0 $0 $0
RON MORAN DIRECTOR 1.00
Director
$0 $0 $0
AMY SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
TRICIA SNYDER DIRECTOR 1.00
Director
$0 $0 $0
ADRIENNE WAY 2ND VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
THOMAS WOLFE DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CIAPALA VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRENT YAX DIRECTOR 1.00
Director
$0 $0 $0
PHILIP BRADLEY TREASURER 1.00
Officer Director
$0 $0 $0
DAVID QUINN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER JANUS DIRECTOR 1.00
Director
$0 $0 $0
ELLEN HOEPPNER DIRECTOR 1.00
Director
$0 $0 $0
BETSY ALLEN DIRECTOR 1.00
Director
$0 $0 $0
TOBIN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
MARY CORRADO CEO, PRESIDENT 40.00
Officer
$364,066 $28,702 $392,768
MICHAEL J BURNS EXECUTIVE VP, SECRETARY 20.00
Officer
$99,311 $39,350 $237,972
TRACY NEIL CFO 20.00
Officer
$97,873 $34,528 $230,274
KEVIN MARRS VP 20.00
Highest
$81,352 $27,506 $190,210
ANTHONY KAYLIN VP 10.00
Highest
$0 $36,702 $245,351
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,530,003 $2,620,120 $4,082,332 $-90,117
2022 $2,406,667 $2,757,569 $4,174,674 $-350,902
2021 $2,471,357 $1,652,461 $3,805,134 $818,896
2020 $2,064,985 $2,418,875 $2,755,652 $-353,890
2019 $1,738,870 $1,854,805 $2,984,573 $-115,935
2018 $1,686,875 $2,023,348 $6,901,607 $-336,473
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