MICHIGAN AUTOMOBILE INSURANCE PLAC… - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Phone

4019462310

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN AUTOMOBILE INSURANCE PLACEMENT FACILITY, founded in 1943, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $23.2M exceeded revenue, resulting in a 23% operating deficit.

Program Service Accomplishments

Program 1

The Michigan Assigned Claims Plan (MACP) provides Personal Injury Protection benefits required by Michigan No Fault Statute to eligible parties that sustained injuries resulting from a motor vehicle accident. The MACP completes an initial determination of eligibility for each claim and eligible claims are then assigned to a Servicing Insurer to make final determination of coverage. If the injured party is eligible for benefits, the assigned Servicing Insurer processes the claim on behalf of the MACP.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,162,646

Investment Income $-284,131

Other Revenue $2,233

TOTAL REVENUE $18,880,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,846,224

Fundraising Expenses $0

Other Expenses $19,348,916

TOTAL EXPENSES $23,195,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,880,748	$24,306,711	-0.2%
Expenses	$23,195,140	$20,553,385	+0.1%
Net Income	$-4,314,392	$3,753,326	-2.1%

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

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

$351,777

Total Directors

$2,531

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
N/A	Gov Comm Member	1.00	Director	$0	$0	$0
Will Lemanski	Gov Comm Member	1.00	Director	$495	$0	$495
Ray Moulden	Gov Comm Member	1.00	Director	$1,032	$0	$1,032
Dr George Goff	Gov Comm Member	1.00	Director	$509	$0	$509
Robert Macdonald	Gov Comm Member	1.00	Director	$495	$0	$495
Kimberly Bezy	Executive Director	37.50	Officer	$294,066	$57,711	$351,777
Holli LaJoice	Director of Assigned Claims	37.50	Highest	$164,743	$44,348	$209,091
Bret Scott	Operations Manager	37.50	Highest	$138,296	$40,315	$178,611
Cindie Dulaney	Director of Finance & Administration	37.50	Highest	$127,578	$33,527	$161,105
Colleen Walker	Litigation Manager	37.50	Highest	$117,846	$16,615	$134,461

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	$18,880,748	$23,195,140	$84,840,333	$-4,314,392
2022	$24,306,711	$20,553,385	$97,151,002	$3,753,326
2021	$26,699,927	$31,927,372	$95,743,135	$-5,227,445
2020	$24,180,833	$19,902,491	$83,189,393	$4,278,342
2019	$33,230,187	$37,676,285	$94,286,862	$-4,446,098
2018	$39,020,728	$46,092,692	$98,585,260	$-7,071,964

MICHIGAN AUTOMOBILE INSURANCE PLACEMENT FACILITY