MICHIGAN CATASTROPHIC CLAIMS ASSOCIATION (EIN 382227794) - 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

1978

Legal Domicile

Principal Officer

BRANDON PACH

Phone

7349532779

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN CATASTROPHIC CLAIMS ASSOCIATION, founded in 1978, is a large national nonprofit that reported $1.6B in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.9B exceeded revenue, resulting in a 19% operating deficit.

Mission

REVIEW OF PERSONAL INJURY PROTECTION CLAIMS REPORTED BY MEMBERS AND INDEMNIFICATION OF ULTIMATE MEMBER LOSS UNDER STATUTORY REQUIRED PERSONAL PROTECTION INSURANCE COVERAGES.

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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 $574,477,574

Investment Income $1,018,648,539

Other Revenue $6,416,368

TOTAL REVENUE $1,599,542,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,412,423

Fundraising Expenses $0

Other Expenses $1,890,268,698

TOTAL EXPENSES $1,907,681,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,599,542,481	$1,760,601,496	-0.1%
Expenses	$1,907,681,121	$2,211,717,581	-0.1%
Net Income	$-308,138,640	$-451,116,085	-0.3%

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

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

$423,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER ODLE	DIRECTOR & CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PARSONS	DIRECTOR & VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMY MASS	DIRECTOR	1.00	Director	$0	$0	$0
ERIN WINTERS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WYKES	DIRECTOR	1.00	Director	$0	$0	$0
TED REINBOLD	DIRECTOR & CHAIR - PART YEAR	1.00	Officer Director	$0	$0	$0
ERIN FOGARTY	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
KIMBERLY BEZY	EXECUTIVE DIRECTOR	40.00	Officer	$54,434	$50,267	$104,701
BRANDON PACH	CONTROLLER	40.00	Officer	$174,568	$144,666	$319,234
JOSEPH ERHARDT	ASSISTANT EXECUTIVE DIRECTOR	40.00	Highest	$496,789	$32,470	$529,259
KATHRYN MILLER	GENERAL COUNSEL	40.00	Highest	$417,588	$48,756	$466,344
WILLIAM MANGOLD III	INFORMATION SYSTEMS MGR.	40.00	Highest	$244,098	$48,225	$292,323
LAURA KOCOT	CLAIMS MANAGER	40.00	Highest	$212,099	$44,501	$256,600
WENDY HORBAL	CLAIMS MANAGER	40.00	Highest	$212,855	$41,196	$254,051
JAMES D LUNSTED	FORMER CONTROLLER	0.00		$151,777	$0	$151,777

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	$1,599,542,481	$1,907,681,121	$23,236,293,140	$-308,138,640
2024	No data	No data	No data	No data
2023	$1,303,620,913	$-287,849,744	$21,617,618,962	$1,591,470,657
2022	$1,744,028,645	$4,428,123,975	$21,855,296,718	$-2,684,095,330
2021	$4,546,777,371	$2,222,669,814	$27,293,743,315	$2,324,107,557
2020	$2,309,843,695	$1,618,678,690	$23,433,288,139	$691,165,005
2019	$1,953,450,173	$-1,512,953,848	$21,857,498,812	$3,466,404,021
2018	$2,164,561,933	$2,478,852,607	$20,557,121,286	$-314,290,674

MICHIGAN CATASTROPHIC CLAIMS ASSOCIATION