Life Insurance Association Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 268,434 | 207,991 | 60,443 | 16.4 | 64% |
| 2012 | 122,461 | 185,164 | −62,703 | 14.3 | 65% |
| 2013 | 184,768 | 179,306 | 5,462 | 15.1 | 57% |
| 2014 | 203,058 | 138,763 | 64,295 | 24.7 | 2% |
| 2015 | 189,591 | 156,359 | 33,232 | 24.9 | 2% |
| 2016 | 191,385 | 154,682 | 36,703 | 28.0 | 0% |
| 2017 | 206,768 | 168,211 | 38,557 | 28.5 | 0% |
| 2018 | 248,466 | 218,669 | 29,797 | 23.5 | 0% |
| 2019 | 243,850 | 223,479 | 20,371 | 24.1 | 0% |
| 2020 | 199,518 | 144,721 | 54,797 | 41.8 | 0% |
| 2021 | 181,606 | 181,721 | −115 | 30.8 | 0% |
| 2022 | 224,859 | 231,351 | −6,492 | 23.8 | 0% |
| 2023 | 250,320 | 249,331 | 989 | 22.1 | 0% |
In its most recent public year (2023), this organization brought in $989 more than it spent. Its reserves stood at about 22.1 months of spending, up from 16.4 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
Life Insurance Association Of Michigan's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works