CONSUMERS MUTUAL INSURANCE OF MICH… - 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

2011

Legal Domicile

Principal Officer

JAMES GERBER

Phone

5172848664

Tax Period

2022-01-01 to 2022-01-31

Mission

CONSUMERS MUTUAL IS A MEMBER-DRIVEN ORGANIZATION FOCUSED ON THE DELIVERY OF AFFORDABLE HEALTH INSURANCE, AN OUTSTANDING BENEFIT PACKAGE AND AN EXCEPTIONAL CUSTOMER EXPERIENCE.

Program Service Accomplishments

Program 1

CONSUMERS MUTUAL INSURANCE OF MICHIGAN WAS CREATED BY SECTION 1322 OF ACA TO CREATE A CONSUMER OPERATED AND ORIENTED PLAN IN MICHIGAN. AS OF 12/31/17, THERE WERE NO OUTSTANDING POLICIES IN PLACE DUE TO THE REHABILITATION OF THE ORGANIZATION. AS OF 1/26/22, THE STATE OF MICHIGAN GRANTED THE MOTION OF THE DIRECTOR OF THE DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES (LIQUIDATOR) THAT THE LIQUIDATION OF CONSUMERS MUTUAL IS TERMINATED, THE LIQUIDATOR IS DISCHARGED, AND THE CONSUMERS MUTUAL LIQUIDATION ESTATE IS CLOSED (SEE ATTACHED ORDER GRANTING LIQUIDATOR'S VERIFIED MOTION TO TERMINATE LIQUIDATION, APPROVE THE ACTIONS OF THE LIQUIDATOR, DISCHARGE THE LIQUIDATOR, CLOSE THE CASE, AND FOR RELATED RELIEF")

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$15,614	-1.0%
Expenses	N/A	$8,637	-1.0%
Net Income	N/A	$6,977	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIEANNE GULLIVER	RECEIVER	1.00	Director	$0	$0	$0
JAMES GERBER	RECEIVER	1.00	Director	$0	$0	$0

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
2022	No data	No data	No data	No data
2021	$15,614	$8,637	$26,962	$6,977
2020	$3,326,850	$14,370,255	$13,375,714	$-11,043,405

CONSUMERS MUTUAL INSURANCE OF MICHIGAN