Michigan Workers Compensation Placement Facility
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,142,204 | 2,953,185 | 189,019 | -0.2 | 40% |
| 2012 | 3,077,813 | 2,984,087 | 93,726 | -0.5 | 38% |
| 2013 | 3,711,425 | 3,231,629 | 479,796 | 0.9 | 33% |
| 2014 | 3,302,765 | 2,806,406 | 496,359 | 1.1 | 41% |
| 2015 | 2,647,525 | 2,991,226 | −343,701 | -0.1 | 43% |
| 2016 | 2,703,537 | 2,305,719 | 397,818 | 0.9 | 55% |
| 2017 | 2,632,400 | 2,420,041 | 212,359 | 0.2 | 57% |
| 2018 | 2,799,840 | 2,365,993 | 433,847 | 1.3 | 57% |
| 2019 | 2,851,007 | 2,522,380 | 328,627 | 0.8 | 57% |
| 2020 | 3,052,086 | 2,384,289 | 667,797 | 2.9 | 61% |
| 2021 | 2,865,887 | 2,439,465 | 426,422 | 1.4 | 59% |
| 2022 | 2,833,657 | 2,339,897 | 493,760 | 1.9 | 63% |
| 2023 | 3,183,448 | 2,244,308 | 939,140 | 4.3 | 63% |
In its most recent public year (2023), this organization brought in $939,140 more than it spent. Its reserves stood at about 4.3 months of spending, up from -0.2 in 2011. Staff pay was 63% 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 Workers Compensation Placement Facility'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