Michigan Association of PIA

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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

1994

Legal Domicile

Principal Officer

TODD IANNARELLI

Phone

8008368842

Tax Period

2023-10-01 to 2024-09-30

Michigan Association of PIA, founded in 1994, is a small nonprofit that reported $263K in total revenue in fiscal year 2023.

Mission

Represent, educate, and promote the members interests.

Program Service Accomplishments

Program 1

EDUCATE MEMBERS AND PROMOTE THE PROFESSION WITH INSURANCE SEMINARS AND AN ANNUAL CONVENTION

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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 $239,622

Investment Income $2,418

Other Revenue $21,252

TOTAL REVENUE $263,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,525

Fundraising Expenses $0

Other Expenses $229,268

TOTAL EXPENSES $262,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,292	$262,300	+0.0%
Expenses	$262,793	$264,203	0.0%
Net Income	$499	$-1,903	-1.3%

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

$3,000

Total Directors

$7,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN DEY	BOARD MEMBER	001.00	Director	$1,000	$0	$1,000
DOMINIC GIANCOLA	BOARD MEMBER	001.00	Officer Director	$1,000	$0	$1,000
SCOTT SHAPPEE	BOARD MEMBER	001.00	Director	$1,000	$0	$1,000
CHAD TORLEY	BOARD MEMBER	001.00	Director	$1,000	$0	$1,000
GREGORY SCHAFER	BOARD MEMBER	001.00	Director	$1,000	$0	$1,000
NICOLE RANT	BOARD MEMBER	001.00	Officer Director	$1,000	$0	$1,000
TODD IANNARELLI	BOARD MEMBER	001.00	Officer Director	$1,000	$0	$1,000

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	$263,292	$262,793	$271,301	$499
2023	$262,300	$264,203	$258,097	$-1,903
2022	$223,442	$224,459	$268,370	$-1,017
2021	$250,362	$228,421	$226,542	$21,941
2020	$271,657	$211,374	$185,384	$60,283
2019	$253,049	$272,155	$160,198	$-19,106
2018	$183,572	$194,536	$180,712	$-10,964