Michigan Association Of Health Plans
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,134,579 | 2,621,288 | 513,291 | 21.6 | 29% |
| 2021 | 3,559,781 | 3,097,632 | 462,149 | 21.2 | 23% |
| 2022 | 3,702,246 | 3,158,920 | 543,326 | 20.8 | 25% |
| 2023 | 4,034,930 | 3,473,529 | 561,401 | 22.5 | 25% |
In its most recent public year (2023), this organization brought in $561,401 more than it spent. Its reserves stood at about 22.5 months of spending. Staff pay was 25% 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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