MICHIGAN ASSOCIATION OF PUBLIC EMP… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

MICHAEL GRODI

Phone

7349441144

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN ASSOCIATION OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS, founded in 1949, is a small nonprofit that reported $487K in total revenue in fiscal year 2023.

Mission

PROVIDE EDUCATIONAL TRAINING AND LEGISLATIVE UPDATES TO TRUSTEES OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS WITHIN THE STATE OF MICHIGAN.

Program Service Accomplishments

Program 1

THE ORGANIZATION HAS SUCCESSFULLY EDUCATED ITS 238 MEMBERS ON CURRENT TOPICS RELATED TO THE INVESTMENT OF RETIREMENT SYSTEM FUNDS, ACCOUNTING AND RECORD KEEPING PROCEDURES, STATE AND FEDERAL...

THE ORGANIZATION HAS SUCCESSFULLY EDUCATED ITS 238 MEMBERS ON CURRENT TOPICS RELATED TO THE INVESTMENT OF RETIREMENT SYSTEM FUNDS, ACCOUNTING AND RECORD KEEPING PROCEDURES, STATE AND FEDERAL LEGISLATION AND OTHER MATTERS RELATED TO THE PROPER OPERATION, MANAGEMENT, AND ADMINISTRATION OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $487,013

Investment Income $0

Other Revenue $0

TOTAL REVENUE $487,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $496,683

TOTAL EXPENSES $496,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487,013	$505,398	0.0%
Expenses	$496,683	$464,228	+0.1%
Net Income	$-9,670	$41,170	-1.2%

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

N/A

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

$73,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GRODI	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANDREW HOUDE	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
LAURI SISKIND	SECRETARY/TREASURER	6.00	Officer Director	$0	$0	$0
ERIC GOULD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HADDAD	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY KORZEN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS SHEEHAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE DORAN MD MGMT LLC	EXECUTIVE DIRECTOR	40.00	Officer	$73,000	$0	$73,000

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	$487,013	$496,683	$265,187	$-9,670
2022	$505,398	$464,228	$250,057	$41,170
2021	$299,821	$299,058	$209,737	$763
2020	$167,101	$199,573	$252,632	$-32,472
2019	$550,549	$498,622	$244,160	$51,927
2018	$546,299	$510,766	$228,494	$35,533

MICHIGAN ASSOCIATION OF PUBLIC EMPLOYEE RETIREMENT SYSTEMS