Blue Cross Blue Shield of Michigan Foundation

EIN: 382338506 501(c)(3) Health Care

DETROIT, MI

Total Revenue
$1,117,173
Total Expenses
$3,245,936
Total Assets
$55,042,591
Net Assets
$53,251,218
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MI
Phone
3132256688
Tax Period
2023-01-01 to 2023-12-31

Blue Cross Blue Shield of Michigan Foundation, founded in 1980, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 191% operating deficit.

Mission

THE BCBSM FOUNDATION'S MISSION IS TO SUPPORT HEALTHCARE RESEARCH AND INNOVATIVE PROGRAMS DESIGNED TO IMPROVE THE HEALTH OF MICHIGAN RESIDENTS. OUR VISION IS THAT MICHIGAN'S POPULATION WILL ENJOY IMPROVED HEALTH AND ACCESS TO QUALITY HIGH-VALUE CARE. THE FOUNDATION WILL BE A LEADER IN FOSTERING THE DEVELOPMENT OF SOCIALLY RESPONSIBLE AND INNOVATIVE SOLUTIONS TO CRITICAL ISSUES THAT AFFECT THE HEALTH OF MICHIGAN RESIDENTS. WE ACCOMPLISH OUR WORK BY VALUING: COMMITMENT TO QUALITY PERFORMANCE; HONESTY, INTEGRITY, COLLABORATION, AND TEAMWORK; EFFECTIVE AND EFFICIENT USE OF RESOURCES; EXCELLENCE IN PROGRAMS, GRANTS, AND COMMUNICATIONS; ADVANCING HEALTH EQUITY AND ELIMINATING HEALTHCARE DISPARITIES. AT THE BLUE CROSS BLUE SHIELD OF MICHIGAN FOUNDATION, OUR TEAM IS ALWAYS LOOKING FOR NEW WAYS TO SUPPORT COMMUNITY INNOVATION THAT WILL ENSURE MICHIGANDERS CAN ENJOY BOTH PHYSICAL AND BEHAVIORAL HEALTH.

Program Service Accomplishments

Program 1
Expenses: $1,757,446

COMMUNITY HEALTH INNOVATION, ACCESS, AND QUALITY ADDRESSED BY THE GRANTS PROVIDED IN THE REQUEST FOR PROPOSAL PROGRAM AND THE COMMUNITY HEALTH MATCHING GRANT PROGRAM. THROUGH OUR COMMUNITY HEALTH...

Read more

COMMUNITY HEALTH INNOVATION, ACCESS, AND QUALITY ADDRESSED BY THE GRANTS PROVIDED IN THE REQUEST FOR PROPOSAL PROGRAM AND THE COMMUNITY HEALTH MATCHING GRANT PROGRAM. THROUGH OUR COMMUNITY HEALTH MATCHING GRANT PROGRAM, WE WORK WITH HEALTH PROFESSIONALS AND COMMUNITY LEADERS AT NONPROFIT ORGANIZATIONS TO DEVELOP POPULATION LED, COMMUNITY-INSPIRED PROGRAMS OR IMPLEMENT EVIDENCE-BASED PROGRAMS TO ADDRESS COMMUNITY-IDENTIFIED NEEDS AND EVALUATE MEASURABLE PROGRAMMATIC AND HEALTH OUTCOMES. IN 2023, WE PARTNERED WITH 31 ORGANIZATIONS PROVIDING MATCHING GRANTS TO HELP ADDRESS THE access, and value of HEALTH CARE, WHILE IMPROVING HEALTH CARE OUTCOMES in communities. THE FOUNDATION DOESN'T JUST WAIT FOR GRANT APPLICATIONS. WITH THE REQUEST FOR PROPOSAL PROGRAM, WE REACH OUT TO MICHIGAN-BASED SAFETY NET ORGANIZATIONS THAT PRIMARILY SERVE THE UNINSURED, UNDERINSURED, MEDICAID RECIPIENTS AND OTHER VULNERABLE POPULATIONS. OUR GOAL IS TO SOLICIT PROPOSALS THAT ALIGN WITH AREAS OF NEED THAT WE IDENTIFY. THE FOUNDATION'S REQUEST FOR PROPOSALS PROGRAM IS GUIDED BY LISTENING AND LEARNING SESSIONS WITH COMMUNITY LEADERS AND GATHERING DATA. WE AIM TO SOLICIT REQUESTS FOR PROPOSALS THAT ARE POPULATION LED AND COMMUNITY INSPIRED. IN 2023 WE ADDRESSED THE FOLLOWING HEALTH ISSUES * Pediatric Mental Health in the Upper Peninsula * Advancing Maternal Health Equity * Systems Approach to Building a Continuum of Crisis Care Services * Food and Nutrition Insecurity THE BCBSM FOUNDATION, WITH OUR FUNDING PARTNERS, SUPPORTED 14 ORGANIZATIONS THROUGHOUT MICHIGAN TO ADDRESS COMMUNITY-IDENTIFIED NEEDS.

Program 2
Expenses: $711,940

RESEARCH GRANT AWARDS ARE MADE TO ADDRESS THE COST AND QUALITY OF HEALTH CARE. THESE AWARDS ARE MADE TO MICHIGAN RESEARCHERS, PHYSICIANS AND STUDENTS AT UNIVERSITIES, AND HOSPITALS. BEFORE AN...

Read more

RESEARCH GRANT AWARDS ARE MADE TO ADDRESS THE COST AND QUALITY OF HEALTH CARE. THESE AWARDS ARE MADE TO MICHIGAN RESEARCHERS, PHYSICIANS AND STUDENTS AT UNIVERSITIES, AND HOSPITALS. BEFORE AN INNOVATIVE IDEA CAN BE IMPLEMENTED, IT MUST FIRST BE TESTED. THE INVESTIGATOR-INITIATED RESEARCH PROGRAM IS DESIGNED FOR MICHIGAN RESEARCHERS, ENABLING THEM TO TURN THEORY INTO DATA AND DATA INTO KNOWLEDGE. THESE GRANT PARTNERS OFTEN INCREASE THEIR INFLUENCE IN ACADEMIC CIRCLES AND COMMUNITY PLATFORMS TO INFORM AND SHAPE FUTURE THOUGHT AND IMPROVEMENT. OUR INVESTIGATOR-INITIATED RESEARCH AWARD PROGRAM PROVIDES GRANTS TO DOCTORAL-LEVEL RESEARCHERS TO ADDRESS CRITICAL GAPS IN HEALTH-RELATED RESEARCH, EXAMINE FACTORS THAT MAY PREVENT OR REDUCE THE RISK FOR DISEASE, EXAMINE ASSOCIATIONS AND CAUSE AND EFFECT RELATIONSHIPS BETWEEN HEALTH VARIABLES, SECONDARY DATA ANALYSIS OF LARGE DATASETS, HEALTH CARE COST-ANALYSIS STUDIES, ROBUST EVALUATION PROJECTS AND FEASIBILITY STUDIES TO TEST THE IMPLEMENTATION OF INNOVATIVE INTERVENTIONS TO IMPROVE HEALTH OUTCOMES. Researchers who are select for this this program produce results that published in national journal that led to research dissemination and grant applications to the National Institutes of Health or other federal agencies for funding to advance the research. IN 2023, WE PARTNERED WITH SEVEN RESEARCHERS TO HELP WITH INCREASING RESEARCH NEEDED TO DEVELOP INNOVATIVE SOLUTIONS TO HEALTHCARE ISSUES. THE PHYSICIAN INVESTIGATOR RESEARCH AWARDS ALLOWS BCBSM FOUNDATION TO SUPPORT MICHIGAN PHYSICIANS WHO SEEK TO IMPROVE THE QUALITY, COST OR ACCESS TO HEALTH CARE FOR RESIDENTS THROUGH PILOT STUDIES, FEASIBILITY STUDIES OR SMALL RESEARCH PROJECTS. THE HELP PROVIDED TO THESE PHYSICIANS GIVES THEM THE ASSISTANCE THEY NEED TO DEVELOP INNOVATIVE AND EVIDENCE-BASED RESEARCH GRANTS THAT ADDRESS URGENT HEALTH ISSUES, HEALTH INEQUITIES, SOCIAL DETERMINANTS OF HEALTH AND HEALTH CARE ACCESS, QUALITY AND COST. THE RESULTS OF THE PILOT STUDIES LEAD TO RESEARCH DISSEMINATION AND A GRANT APPLICATION TO THE NATIONAL INSTITUTES OF HEALTH OR OTHER FEDERAL AGENCIES FOR FUNDING TO ADVANCE THE RESEARCH. IN 2023, TWO PHYSICIANS RECEIVED SUPPORT WITH THEIR RESEARCH TO ADDRESS THE NEEDS OF THEIR PATIENTS. AS A FREQUENT PARTNER OF MICHIGAN UNIVERSITIES AND RESEARCHERS, THE FOUNDATION IS ACUTELY AWARE OF THE IMPORTANCE OF HIGHER EDUCATION. WITHOUT PROPERLY TRAINED PROFESSIONALS, MICHIGAN WOULD HAVE LITTLE HOPE OF CREATING EFFECTIVE AND EFFICIENT SOLUTIONS TO THE MANY HEALTH ISSUES THAT PEOPLE FACE EVERY DAY. THE STUDENT AWARD PROGRAM SUPPORTS THE HEALTH-RELATED RESEARCH OF MEDICAL, TERMINAL-PRACTICE DEGREE AND DOCTORAL STUDENTS IN MICHIGAN. THE FOUNDATION UNDERSTANDS THAT FUNDING STUDENT RESEARCH PROVIDES FUTURE PROFESSIONALS WITH THE HELP NEEDED TO COVER EXPENSES AND OFFERS PROFESSIONAL DEVELOPMENT AND AN OPPORTUNITY TO BECOME A PUBLISHED RESEARCHER. IN 2023, THE FOUNDATION SUPPORTED THE RESEARCH OF 18 STUDENTS AT SEVEN MICHIGAN UNIVERSITIES.

Program 3
Expenses: $19,914 Revenue: $0

GRANT FUNDING IS ONE WAY NONPROFITS MEET THEIR MISSION. HOWEVER, MANY NONPROFITS DON'T HAVE A GRANT WRITER ON STAFF OR THE ABILITY TO HIRE A CONTRACT GRANT WRITER TO DEVELOP AND SUBMIT HEALTH-RELATED...

Read more

GRANT FUNDING IS ONE WAY NONPROFITS MEET THEIR MISSION. HOWEVER, MANY NONPROFITS DON'T HAVE A GRANT WRITER ON STAFF OR THE ABILITY TO HIRE A CONTRACT GRANT WRITER TO DEVELOP AND SUBMIT HEALTH-RELATED GRANTS. THE PROPOSAL DEVELOPMENT AWARD PROVIDES NONPROFITS WITH FUNDING TO CONTRACT A GRANT WRITER TO CREATE, WRITE AND SUBMIT HEALTH-RELATED GRANTS. OUR GRANTEES AND THEIR CONTRACTED GRANT WRITERS HAVE SUCCESSFULLY DEVELOPED AND SUBMITTED PROPOSALS TO PUBLIC and private AGENCIES, COMMUNITY AND CORPORATE FOUNDATIONS. IN 2023 , WE WERE PROUD TO SUPPORT seven ORGANIZATIONS TO SUPPORT THEIR NEEDS FOR ADDITIONAL FUNDING.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,808
Program Service Revenue $0
Investment Income $1,099,365
Other Revenue $0
TOTAL REVENUE $1,117,173

Expense Breakdown

Grants Paid $1,525,128
Salaries & Benefits $1,436,042
Fundraising Expenses $0
Program Expenses $2,489,300
Other Expenses $284,766
TOTAL EXPENSES $3,245,936

Year-over-Year Comparison

2023 2022 Change
Revenue $1,117,173 $1,121,426 0.0%
Expenses $3,245,936 $2,952,454 +0.1%
Net Income $-2,128,763 $-1,831,028 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
6
Employees
N/A
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
6
$6,561,730
Total Directors
9
$7,847,025
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER & DIRECTOR 1.0
Officer Director
$35,072 $0 $35,072
N/A DIRECTOR & VICE-CHAIR 1.0
Officer Director
$25,072 $0 $25,072
N/A PRESIDENT & EXEC VP 1.0
Officer Director
$0 $641,727 $5,074,955
N/A CHAIR & DIRECTOR 1.0
Officer Director
$45,000 $0 $45,000
N/A DIRECTOR 1.0
Director
$30,000 $0 $30,000
N/A DIRECTOR (Thru 4/23) & MEDICAL DIRECTOR 1.0
Director
$0 $61,599 $460,764
N/A DIRECTOR 1.0
Director
$25,072 $0 $25,072
N/A DIRECTOR & SVP 1.0
Director
$0 $20,634 $2,126,018
N/A DIRECTOR 1.0
Director
$25,072 $0 $25,072
N/A EXECUTIVE DIRECTOR & CEO 60.0
Officer
$0 $170,708 $1,007,427
N/A TREASURER 5.0
Officer
$0 $53,983 $374,204
N/A SVP & CHIEF MEDICAL OFFICER 0.0
$0 $0 $520,455
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 $1,117,173 $3,245,936 $55,042,591 $-2,128,763
2022 $1,121,426 $2,952,454 $51,639,807 $-1,831,028
2021 $15,786,685 $3,921,974 $61,896,872 $11,864,711
2020 $381,617 $3,208,277 $56,541,001 $-2,826,660
2019 $439,839 $3,143,833 $59,888,906 $-2,703,994
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Blue Cross Blue Shield of Michigan Foundation with other nonprofits in Michigan and across the country.