MICHIGAN ASSOCIATION OF RETIRED SCHOOL PERSONNEL

EIN: 382038135

LANSING, MI

Total Revenue
$990,507
Total Expenses
$1,081,962
Total Assets
$1,646,537
Net Assets
$856,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MI
Principal Officer
HESTON BATES
Phone
5173371757
Tax Period
2023-07-01 to 2024-06-30

MICHIGAN ASSOCIATION OF RETIRED SCHOOL PERSONNEL, founded in 1966, is a small nonprofit that reported $991K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROTECT & ENHANCE PENSION & HEALTH INSURANCE BENEFITS FOR ALL MICHIGAN PUBLIC SCHOOL RETIREES.

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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 $868,339
Program Service Revenue $0
Investment Income $50,014
Other Revenue $72,154
TOTAL REVENUE $990,507

Expense Breakdown

Grants Paid $5,120
Salaries & Benefits $666,415
Fundraising Expenses $0
Program Expenses $672,113
Other Expenses $410,427
TOTAL EXPENSES $1,081,962

Year-over-Year Comparison

2023 2022 Change
Revenue $990,507 $910,364 +0.1%
Expenses $1,081,962 $1,017,542 +0.1%
Net Income $-91,455 $-107,178 -0.1%
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

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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
31
Independent Members
31
Employees
8
Volunteers
95

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
6
$209,179
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL B LERG BYLAWS DIRECTOR/AREA 6 DIRECTOR 1.00
Director
$0 $0 $0
CHARLES E ABSHAGEN LEGISLATIVE DIRECTOR 2.00
Director
$0 $0 $0
GEORGIA SHARP LEGISLATIVE DIRECTOR 2.00
Director
$0 $0 $0
MARIE L WILKERSON FOUNDATION DIRECTOR 1.00
Director
$0 $0 $0
SHARON RYDEN AREA 1 DIRECTOR 1.00
Director
$0 $0 $0
DONALD O JOHNSON AREA 2 DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE TIBBETT AREA 3 DIRECTOR 1.00
Director
$0 $0 $0
MILA MACNAUGHTON AREA 5 DIRECTOR 1.00
Director
$0 $0 $0
LESLIE E NIXON MEMBERSHIP/AREA 4 DIRECTOR 1.00
Director
$0 $0 $0
CAROL J PRATT AREA 7 DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL EAGAN AREA 8 DIRECTOR 1.00
Director
$0 $0 $0
JAMES MIKUS AREA 12 DIRECTOR 1.00
Director
$0 $0 $0
DEB HERRICK AREA 13 DIRECTOR 1.00
Director
$0 $0 $0
JAMES CASSIS AREA 14 DIRECTOR 1.00
Director
$0 $0 $0
JUDITH E NIXON AREA 15 DIRECTOR 1.00
Director
$0 $0 $0
PAM OLECH AREA 16 DIRECTOR 1.00
Director
$0 $0 $0
MIKE SWEET AREA 17 DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN FORD AREA 18 DIRECTOR 1.00
Director
$0 $0 $0
DAVID VULTAGGIO AREA 19 DIRECTOR 1.00
Director
$0 $0 $0
GARY MALONEY AREA 20 DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SCHICHTEL AREA 21 DIRECTOR 1.00
Director
$0 $0 $0
ROBERT KUCERA AREA 22 DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH COLLER AREA 25 DIRECTOR 1.00
Director
$0 $0 $0
LOIS J ZILKA AREA 27 DIRECTOR 1.00
Director
$0 $0 $0
ROD HOPPER AREA 28 DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MCCARRICK AREA 31 DIRECTOR 1.00
Director
$0 $0 $0
STEVE R GORDON PAST-PRESIDENT 2.00
Officer Director
$0 $0 $0
HESTON BATES TREASURER/FINANCE DIRECTOR 2.00
Officer Director
$0 $0 $0
DARLENE BATES SECRETARY 2.00
Officer Director
$0 $0 $0
DONALD O JOHNSON VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
SUE JAKUBIAK PRESIDENT 10.00
Officer Director
$0 $0 $0
ROYCE C HUMM EXECUTIVE DIRECTOR 50.00
Officer
$174,331 $34,848 $209,179
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 No data No data No data No data
2024 $990,507 $1,081,962 $1,646,537 $-91,455
2023 $910,364 $1,017,542 $1,735,178 $-107,178
2022 $1,337,224 $1,130,078 $1,753,352 $207,146
2021 $1,078,070 $1,136,097 $1,638,569 $-58,027
2020 $1,063,097 $1,250,409 $1,945,136 $-187,312
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