MICHIGAN BANKERS ASSOCIATION (EIN 380823040) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

MATTHEW SZUBINSKI

Phone

5174853600

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN BANKERS ASSOCIATION, founded in 1981, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.4M left a modest 7% surplus.

Mission

ADVOCATING FOR AND SUPPORTING BANKING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,258,992

Investment Income $146,028

Other Revenue $189,930

TOTAL REVENUE $3,594,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,915,802

Fundraising Expenses $0

Other Expenses $1,441,760

TOTAL EXPENSES $3,357,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,594,950	$3,484,990	+0.0%
Expenses	$3,357,562	$3,285,121	+0.0%
Net Income	$237,388	$199,869	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$733,293

Total Directors

$523,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T RANN PAYNTER	PRESIDENT & CEO	36.00	Officer Director	$465,628	$58,116	$523,744
MICHAEL BICKERS	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND REITSMA	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MEIER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN H EICHLER	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JASON HYSKA	DIRECTOR	1.00	Director	$0	$0	$0
MARK SAVOIE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DONNELL WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KEENE	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC BECKHUSEN	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
RAYMOND A BIGGS	CHAIR	1.00	Officer Director	$0	$0	$0
ROXANNE DAUST	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW D SZUBINSKI	CFO/COO	45.00	Officer	$174,745	$34,804	$209,549
PATRICIA HERNDON	CHIEF POLICY OFFICER	45.00	Highest	$185,927	$45,953	$231,880
STEPHANIE FISHER	SENIOR VP, EDUCATION	45.00	Highest	$108,651	$26,153	$134,804
JILL VERSCHEURE	SENIOR VP, MBASC	45.00	Highest	$106,700	$10,538	$117,238

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
2025	$3,594,950	$3,357,562	$7,890,381	$237,388
2024	$3,484,990	$3,285,121	$7,696,864	$199,869
2023	$3,409,827	$3,224,431	$7,363,716	$185,396
2022	$3,247,442	$3,212,127	$6,018,099	$35,315
2021	$2,903,337	$2,625,846	$6,170,869	$277,491
2020	$2,820,137	$2,763,369	$5,263,828	$56,768
2019	$3,140,892	$3,125,833	$5,152,024	$15,059
2018	$3,924,347	$3,300,456	$5,244,390	$623,891

MICHIGAN BANKERS ASSOCIATION