MICHIGAN ASSOCIATION OF HEALTH PLANS (EIN 382453500) - 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

1979

Legal Domicile

Principal Officer

DOMINICK PALLONE

Phone

5173713181

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN ASSOCIATION OF HEALTH PLANS, founded in 1979, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $830K, a strong 18% operating margin.

Mission

TO PROVIDE LEADERSHIP FOR THE PROMOTION AND ADVOCACY OF HEALTH CARE FOR THE CITIZENS OF MICHIGAN.

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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 $325,500

Program Service Revenue $4,148,423

Investment Income $8,025

Other Revenue $16,180

TOTAL REVENUE $4,498,128

Expense Breakdown

Grants Paid $80,000

Salaries & Benefits $929,567

Fundraising Expenses $0

Other Expenses $2,658,397

TOTAL EXPENSES $3,667,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,498,128	$4,034,930	+0.1%
Expenses	$3,667,964	$3,473,529	+0.1%
Net Income	$830,164	$561,401	+0.5%

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

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

$329,752

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESSA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TERRISCA DES JARDINS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS REESE	DIRECTOR	1.00	Director	$0	$0	$0
LORI JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
GUY GAUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KEANE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH NACE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GENORD	PRESIDENT-ELECT (ENDED 11/24)	1.00	Officer Director	$0	$0	$0
DENNIS J MOURAS	MEMBER AT-LARGE	1.00	Officer Director	$0	$0	$0
PATRICIA GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA HOLMQUIST	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY JENKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOMINICK PALLONE	EXECUTIVE DIRECTOR	40.00	Officer	$303,465	$26,287	$329,752
CHRISTINE N SHEARER	DEPUTY DIRECTOR - LEGISLAT	40.00	Highest	$173,794	$24,379	$198,173
TIFFANY STONE	DEPUTY DIRECTOR - MEDICAID	35.00	Highest	$159,250	$30,168	$189,418
BRIAN MILLS	DEPUTY DIRECTOR - COMMUNIC	35.00	Highest	$147,704	$40,018	$187,722
SCOTT KEMPA	LEGISLATIVE COORDINATOR	35.00	Highest	$105,477	$14,538	$120,015

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	$4,498,128	$3,667,964	$8,134,844	$830,164
2023	$4,034,930	$3,473,529	$6,614,075	$561,401
2022	$3,702,246	$3,158,920	$5,681,919	$543,326
2021	$3,559,781	$3,097,632	$5,808,456	$462,149
2020	$3,134,579	$2,621,288	$5,072,342	$513,291
2019	$3,579,701	$3,077,731	$4,031,196	$501,970
2018	$3,203,129	$2,819,551	$3,552,499	$383,578

MICHIGAN ASSOCIATION OF HEALTH PLANS