Michigan Association Of Insurance Agents
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,010,418 | 2,507,315 | 503,103 | 26.0 | 23% |
| 2012 | 2,686,770 | 2,364,678 | 322,092 | 28.6 | 22% |
| 2013 | 2,609,956 | 2,498,365 | 111,591 | 26.6 | 26% |
| 2014 | 2,841,804 | 2,602,553 | 239,251 | 27.2 | 24% |
| 2015 | 3,119,824 | 3,194,260 | −74,436 | 21.5 | 25% |
| 2016 | 3,025,833 | 3,158,282 | −132,449 | 22.1 | 25% |
| 2017 | 2,882,745 | 2,974,621 | −91,876 | 24.2 | 26% |
| 2018 | 2,875,043 | 3,128,229 | −253,186 | 23.6 | 29% |
| 2019 | 2,718,979 | 3,102,168 | −383,189 | 22.6 | 31% |
| 2020 | 2,207,891 | 2,515,186 | −307,295 | 27.7 | 36% |
| 2021 | 2,183,577 | 2,507,968 | −324,391 | 29.9 | 34% |
| 2022 | 2,345,887 | 2,705,006 | −359,119 | 23.6 | 35% |
| 2023 | 2,388,481 | 2,546,426 | −157,945 | 24.4 | 28% |
In its most recent public year (2023), this organization spent $157,945 more than it brought in. Its reserves stood at about 24.4 months of spending, down from 26 in 2011. Staff pay was 28% 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 Association Of Insurance Agents'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