Michigan Bankers Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,700,750 | 3,577,835 | 122,915 | 8.9 | 53% |
| 2012 | 3,738,705 | 3,677,403 | 61,302 | 8.9 | 51% |
| 2013 | 3,849,102 | 3,624,672 | 224,430 | 9.7 | 54% |
| 2014 | 3,842,491 | 3,699,822 | 142,669 | 10.0 | 53% |
| 2015 | 3,649,745 | 3,644,182 | 5,563 | 10.2 | 52% |
| 2016 | 3,597,456 | 3,793,138 | −195,682 | 9.2 | 43% |
| 2017 | 3,559,606 | 3,322,163 | 237,443 | 11.3 | 52% |
| 2018 | 3,924,347 | 3,300,456 | 623,891 | 13.7 | 46% |
| 2019 | 3,140,892 | 3,125,833 | 15,059 | 14.5 | 46% |
| 2020 | 2,820,137 | 2,763,369 | 56,768 | 16.6 | 53% |
| 2021 | 2,903,337 | 2,625,846 | 277,491 | 18.8 | 56% |
| 2022 | 3,247,442 | 3,212,127 | 35,315 | 15.4 | 45% |
| 2023 | 3,409,827 | 3,224,431 | 185,396 | 16.1 | 47% |
In its most recent public year (2023), this organization brought in $185,396 more than it spent. Its reserves stood at about 16.1 months of spending, up from 8.9 in 2011. Staff pay was 47% 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
Michigan Bankers Association'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