Michigan State Painters Insurance Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,016,767 | 3,892,806 | 1,123,961 | 38.9 | 0% |
| 2012 | 5,195,934 | 5,323,576 | −127,642 | 28.2 | 0% |
| 2013 | 4,700,300 | 4,794,038 | −93,738 | 31.1 | 0% |
| 2014 | 5,663,678 | 5,420,109 | 243,569 | 28.0 | 0% |
| 2015 | 5,744,449 | 5,242,701 | 501,748 | 30.1 | 0% |
| 2016 | 7,312,830 | 6,420,090 | 892,740 | 26.5 | 0% |
| 2017 | 7,780,617 | 7,280,164 | 500,453 | 24.2 | 0% |
| 2018 | 7,740,366 | 8,099,136 | −358,770 | 21.2 | 0% |
| 2019 | 8,481,567 | 6,796,886 | 1,684,681 | 28.2 | 0% |
| 2020 | 8,050,291 | 6,317,313 | 1,732,978 | 34.2 | 0% |
| 2021 | 8,366,514 | 7,032,535 | 1,333,979 | 33.0 | 0% |
| 2022 | 5,826,726 | 7,798,617 | −1,971,891 | 26.7 | 0% |
| 2023 | 7,307,797 | 7,747,386 | −439,589 | 26.2 | 0% |
In its most recent public year (2023), this organization spent $439,589 more than it brought in. Its reserves stood at about 26.2 months of spending, down from 38.9 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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