Michigan Life And Health Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,630,018 | 2,046,294 | 2,583,724 | 56.0 | 0% |
| 2012 | 684,398 | 1,961,302 | −1,276,904 | 50.7 | 0% |
| 2013 | 10,708,970 | 12,481,210 | −1,772,240 | 6.3 | 0% |
| 2014 | 711,371 | 822,428 | −111,057 | 93.3 | 0% |
| 2015 | 270,888 | 724,158 | −453,270 | 98.5 | 0% |
| 2016 | 14,143,276 | 14,696,597 | −553,321 | 4.4 | 0% |
| 2017 | 27,713,136 | 9,272,969 | 18,440,167 | 30.8 | 0% |
| 2018 | 11,699,720 | 29,121,531 | −17,421,811 | 2.6 | 0% |
| 2019 | 238,626 | 758,795 | −520,169 | 93.1 | 0% |
| 2020 | 4,505,214 | 729,366 | 3,775,848 | 159.0 | 0% |
| 2021 | 1,469,899 | 630,253 | 839,646 | 200.0 | 0% |
| 2022 | 105,433 | 690,700 | −585,267 | 172.3 | 0% |
| 2023 | 2,612,192 | 1,110,151 | 1,502,041 | 123.4 | 0% |
In its most recent public year (2023), this organization brought in $1,502,041 more than it spent. Its reserves stood at about 123.4 months of spending, up from 56 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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