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Michigan Workers Compensation Placement Facility FY2022 filing

Not tax-deductible

Livonia, MI501(c)(6)Mutual / membership EIN 38-2435776Revenue $2.8M in FY2022

On file with the IRScaom.com19500 Victor Pkwy Ste 475, 48152-1089 · Livonia, MITax-exempt since Dec 1982

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Responsible for the assignment of workers' Compensation policies among Michigan carriers

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $640K a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-1% vs prior year
Spent
$2.3M
To programs
86%
Net assets
$361K
By yearFY2020–FY2024
Revenue
$2.8M
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.9M
FY2022$2.8M
FY2023$3.2M
FY2024$3.1M
Expenses
$2.3M
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.3M
FY2023$2.2M
FY2024$2.4M
Net assets
$361K
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$580K
FY2021$294K
FY2022$361K
FY2023$807K
FY2024$540K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.0M Management & general 14% · $326K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Tracey McLenon
Board Member
$0Pt VII · Sec A
Dawn Elzinga
Board Member
$0Pt VII · Sec A
Amanda Warner
Board Member
$0Pt VII · Sec A
Ed Hanlon
Board Member
$0Pt VII · Sec A
Ryan Vaughn
Board Member
$0Pt VII · Sec A
Brian Melas
Board Member
$0Pt VII · Sec A
Jason Sweet
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Michigan Workers Compensation Placement Facility executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Assigns workers' compensation policies among Michigan insurance carriers.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2022
01

The facility's primary focus is reviewing potential insurance applicants and assigning them to one of the established servicing carriers consistent with their established quota share. The facility utilizes external resources to assist with the servicing carrier selection process, to annually evaluate each servicing carrier's performance…

$2.0Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.8M
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$326K
Owns and owesPt X
$361K
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.8M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$361K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.6M$1.4M
Total assetsLn 16$2.6M$2.4M
LiabilitiesLn 26$2.3M$2.0M
Net assetsLn 32$294K$361K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$304K$304K
Other salaries and wagesLn 7$1.2M$932K$246K
Pension plan contributionsLn 8$133K$115K$18K
Other employee benefitsLn 9$266K$239K$27K
Payroll taxesLn 10$108K$92K$15K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$91K$91K
Office expensesLn 13$27K$21K$5K
Information technologyLn 14$55K$53K$2K
OccupancyLn 16$94K$82K$11K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$3K$3K$114
Total functional expensesLn 25$2.3M$2.0M$326K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$2.4M$673K$540K 990 PDF
FY2023 $3.2M$2.2M$939K$807K 990 PDF
FY2022 Viewing $2.8M$2.3M$494K$361K 990 PDF
FY2021 $2.9M$2.4M$426K$294K 990 PDF
FY2020 $3.1M$2.4M$668K$580K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,833,657 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,865,887$2,833,657
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,865,887$2,833,657
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,043,596$1,989,976
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $395,869$349,921
I-18 Total expensesPrior year $2,439,465$2,339,897
I-19 Revenue less expensesPrior year $426,422$493,760
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,833,657 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,833,657$2,833,657
VIII-12 Total revenueRelated to mission $2,833,657 · Unrelated business $0 · Excluded from tax $0$2,833,657
Part IX · Statement of functional expenses $2,339,897 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $304,343$304,343
IX-7 Other salaries and wagesPrograms $932,402 · Management $246,272$1,178,674
IX-8 Pension plan contributionsPrograms $114,660 · Management $18,337$132,997
IX-9 Other employee benefitsPrograms $239,395 · Management $27,055$266,450
IX-10 Payroll taxesPrograms $92,482 · Management $15,030$107,512
IX-11b Legal feesPrograms $9,488$9,488
IX-11c Accounting feesPrograms $21,250$21,250
IX-11g Other fees for servicesPrograms $91,438$91,438
IX-13 Office expensesPrograms $21,458 · Management $5,322$26,780
IX-14 Information technologyPrograms $52,826 · Management $2,261$55,087
IX-16 OccupancyPrograms $82,445 · Management $11,242$93,687
IX-17 TravelPrograms $9,003$9,003
IX-19 Conferences, conventions and meetingsPrograms $7,625$7,625
IX-23 InsurancePrograms $32,791$32,791
IX-24 Other expenses (24a–d)Programs $2,658 · Management $114$2,772
IX-25 Total functional expensesPrograms $2,014,264 · Management $325,633 · Fundraising $0$2,339,897
Part X · Balance sheet $2,370,177 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,574,605$1,380,602
X-4 Accounts receivableStart of year $959,755$970,840
X-9 Prepaid expenses and deferred chargesStart of year $40,642$18,735
X-16 Total assetsStart of year $2,575,002$2,370,177
X-17 Accounts payable and accrued expensesStart of year $2,281,167$2,009,001
X-26 Total liabilitiesStart of year $2,281,167$2,009,001
X-27 Net assets without donor restrictionsStart of year $293,835$361,176
X-32 Total net assets or fund balancesStart of year $293,835$361,176
X-33 Total liabilities and net assetsStart of year $2,575,002$2,370,177
Part XI · Reconciliation of net assets $361,176 net assets at year end
XI-1 Total revenue$2,833,657
XI-2 Total expenses$2,339,897
XI-3 Revenue less expenses$493,760
XI-4 Net assets at start of year$293,835
XI-9 Other changes in net assets−$426,419
XI-10 Net assets at end of year$361,176

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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