Civic Intelligence

Michigan Basic Property Insurance Association

990 • Fiscal year 2016 • EIN 38-1956049

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 28, 2017

Organization Profilewww.mbpia.com

View Organization Page

3245 East JeffersonDetroit, MI 48207-4222

(313) 877-7400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.45x

Higher debt load relative to assets than 61% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

1.09x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$2,700

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • $50M-$100M nonprofits • Source year 2016

Asset Growth

39th percentile

2.2%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$50,569,587

Up $1,080,512 (+2.2%) from 2015

Net Assets

Up

$28,008,380

Up $2,724,292 (+11%) from 2015

Liabilities

Down

$22,561,207

Down $1,643,780 (-6.8%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin73rd percentile

Revenue

Down

$20,690,870

Down $2,591,130 (-11%) from 2015

Expenses

Up

$18,280,443

Up $1,248,369 (+7.3%) from 2015

Net Income

Down

$2,410,427

Down $3,839,499 (-61%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $55,352,181Liabilities 2010: $43,647,469Net Assets 2010: $11,704,7122010Assets 2011: $36,429,930Liabilities 2011: $38,674,878Net Assets 2011: -$2,244,9482011Assets 2012: $38,797,509Liabilities 2012: $36,754,515Net Assets 2012: $2,042,9942012Assets 2013: $42,744,445Liabilities 2013: $26,306,581Net Assets 2013: $16,437,8642013Assets 2014: $47,090,808Liabilities 2014: $27,276,220Net Assets 2014: $19,814,5882014Assets 2015: $49,489,075Liabilities 2015: $24,204,987Net Assets 2015: $25,284,0882015Assets 2016: $50,569,587Liabilities 2016: $22,561,207Net Assets 2016: $28,008,3802016Assets 2017: $54,520,677Liabilities 2017: $19,396,595Net Assets 2017: $35,124,0822017Assets 2018: $49,195,801Liabilities 2018: $16,231,877Net Assets 2018: $32,963,9242018Assets 2019: $54,265,153Liabilities 2019: $16,404,856Net Assets 2019: $37,860,2972019Assets 2020: $36,478,347Liabilities 2020: $15,430,415Net Assets 2020: $21,047,9322020Assets 2021: $25,213,481Liabilities 2021: $13,666,769Net Assets 2021: $11,546,7122021Assets 2022: $16,573,320Liabilities 2022: $14,106,627Net Assets 2022: $2,466,6932022Assets 2023: $15,762,775Liabilities 2023: $12,762,884Net Assets 2023: $2,999,8912023Assets 2024: $19,780,351Liabilities 2024: $14,463,374Net Assets 2024: $5,316,9772024

Highlighted filing

2016

Assets$50,569,587
Liabilities$22,561,207
Net Assets$28,008,380
Open 2016 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $39,379,2092010Expenses 2011: $30,186,8132011Expenses 2012: $27,270,4852012Revenue 2013: $28,261,469Expenses 2013: $23,643,810Net Income 2013: $4,617,6592013Revenue 2014: $26,763,688Expenses 2014: $19,655,124Net Income 2014: $7,108,5642014Revenue 2015: $23,282,000Expenses 2015: $17,032,074Net Income 2015: $6,249,9262015Revenue 2016: $20,690,870Expenses 2016: $18,280,443Net Income 2016: $2,410,4272016Revenue 2017: $18,318,430Expenses 2017: $13,291,854Net Income 2017: $5,026,5762017Revenue 2018: $15,633,024Expenses 2018: $20,692,923Net Income 2018: -$5,059,8992018Revenue 2019: $15,458,807Expenses 2019: $13,303,987Net Income 2019: $2,154,8202019Revenue 2020: $15,942,154Expenses 2020: $10,878,766Net Income 2020: $5,063,3882020Revenue 2021: $14,270,902Expenses 2021: $10,325,535Net Income 2021: $3,945,3672021Revenue 2022: $12,632,616Expenses 2022: $10,898,573Net Income 2022: $1,734,0432022Revenue 2023: $11,845,327Expenses 2023: $11,173,758Net Income 2023: $671,5692023Revenue 2024: $13,447,771Expenses 2024: $10,883,167Net Income 2024: $2,564,6042024

Highlighted filing

2016

Revenue$20,690,870
Expenses$18,280,443
Net Income$2,410,427
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 28, 2017
Return Version
2016v3.0
Gross Receipts
$20,690,898
Mission and Program Overview

Mission

The mission of Michigan Basic Property Insurance Association is to provide prompt courteous and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.

The mission of Michigan Basic Property Insurance Association is to provide prompt, courteous, and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$37,856,573$43,113,853▲ $5,257,280
Rtn Earn Endowment Incm Other Fnds$25,284,088$28,008,380▲ $2,724,292
Land, Buildings, and Equipment, Net$6,850,938$4,075,473▼ $2,775,465
Accounts Receivable$3,244,895$2,695,215▼ $549,680
Savings and Temporary Cash Investments$2,496,964$1,511,079▼ $985,885
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-989,440$-844,937▲ $144,503
Total Assets$49,489,075$50,569,587▲ $1,080,512
Other Assets Total$29,145$18,904▼ $10,241
Liabilities
Other Liabilities$23,658,523$22,176,592▼ $1,481,931
Accounts Payable and Accrued Expenses$534,999$354,848▼ $180,151
Escrow Account Liability$11,465$29,767▲ $18,302
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,204,987$22,561,207▼ $1,643,780
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,284,088$28,008,380▲ $2,724,292
Total Liabilities and Net Assets / Fund Balance$49,489,075$50,569,587▲ $1,080,512

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,489,446$2,984,445$5,473,891
Land$1,510,554-$1,510,554
Other Land Buildings$75,473$914,783$990,256
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleBaseTotal
Muddasar TawakkulBoard of Governors$2,700$2,700
David WalkerBoard of Governors$1,950$1,950
Solon PhillipsBoard of Governors$1,800$1,800
David FieldBoard of Governors$1,500$1,500
Steve RockBoard of Governors$1,200$1,200
Leroy BosticBoard of Governors$1,050$1,050
Carol BreedBoard of Governors$300$300

Board Members and Trustees

NameTitle
Amy MassBoard of Governors
Christopher ClevelandBoard of Governors
Donald SimonBoard of Governors
Jami KellyBoard of Governors
Janie HathawayBoard of Governors
Katie Ann JonesBoard of Governors
Linda MaarBoard of Governors
Lisa HicksBoard of Governors
Michael BockrathBoard of Governors
Michael McCrightBoard of Governors

Highest Paid Contractors

ContractorServicesLocationCompensation
The Sam Bernstein Law Firm LLCLegal Services31731 Northwestern Hwy Ste 333, Farmington, MI 48334$285,000
Klemansi & Associates IncLegal Services2320 West Jefferson, Trenton, MI 48183$213,000
-Legal Services2211 S Telegraph Rd 7388, Bloomfield Hills, MI 48302$180,693
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,826,507
Investment Income
$859,834
Other Revenue
$4,529
All Other Contributions
$0
Change in Net Assets
$2,410,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,768,568
Salaries, Compensation, and Employee Benefits$3,372,614
Grants and Similar Amounts Paid$139,261
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,751,030$0$0$2,751,030
Other Expenses$1,079,992$0$0$1,079,992
Information Technology$735,309$0$0$735,309
Occupancy$564,942$0$0$564,942
All Other Expenses$496,574$0$0$496,574
Other Employee Benefits$393,426$0$0$393,426
Office Expenses$221,732$0$0$221,732
Payroll Taxes$214,397$0$0$214,397
Fees for Services Accounting$196,853$0$0$196,853
Grants to Domestic Orgs$138,900--$138,900
Travel$53,454$0$0$53,454
Fees for Service Investment Mgmnt Fees$51,977$0$0$51,977
Depreciation Depletion$37,634$0$0$37,634
Insurance$33,459$0$0$33,459
Fees for Services Other$12,156$0$0$12,156
Current Officers, Directors, Trustees, and Key Employees$10,650$0$0$10,650
Conferences and Meetings$9,975$0$0$9,975
Fees for Services Legal$7,523$0$0$7,523
Pension Plan Contributions$3,111$0$0$3,111
Grants to Domestic Individuals$361--$361
Total Functional Expenses$18,280,443$0$0$18,280,443
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michigan Arson Prevention CommitteeLivonia, MI501(c)(4)General Operating Account$127,500
National Crime Bureau ServicesDes Plaines, IL501(c)(3)General Operating Account$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Premium$9,068,482
Underwriting Accrual$7,810,591
Loss Reserve$3,751,974
Loss Adjustment Expense Reserve$1,035,000
Advance Premium$262,866
Outstanding Checks to be Escheated$247,679
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

“Michigan Basic Property Insurance Association is a trade association of all insurance companies licensed by Michigan to write property lines of business within the state. These companies elect ten company representatives and two public members into the governing body. The other six members of the governing body are appointed by the Michigan Insurance Commissioner.”

Part VI, Section A, Line 7A

“| Class of the Person:, Nature of their rights:| Trade Association, Michigan Basic Property Insurance Association is a trade association of all insurance companies licensed by Michigan to write property lines of business within the state. These companies elect ten company representatives and two public members into the governing body. The other six members of the governing body are appointed by the Michigan Insurance Commissioner.|”

Part VI, Section B, Line 11B

“The Form 990 is prepared by the organization's accounting department and then reviewed by the accounting manager.”

Part VI, Section B, Line 12C

“Biannually, the association circulates and recovers with acknowledgement and authenticated conflict of interest questionnaire.”

Part VI, Section C, Line 19

“The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Basic Property Insurance Association
EIN
38-1956049
In Care Of
% D Jane Howard Carlson
Phone
3138777400
Address
3245 East Jefferson, Detroit, MI 48207-4222

Signing Officer

Name
Michelle Mooradian
Title
Manager of Accounting
Phone
3138777032
Signed
2017-04-28

Organization Details

Principal Officer
D Jane Howard-Carlson
Formed
1968
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
38
Volunteers
0
Supplemental Narrative

Additional Explanations

Part XI, Line 9

“| Description:, Explanation:, Amount:| Other Changes in Net Assets of Fund Balances, Other changes in net assets or fund balances consist of: pension and post retirement surplus adjustment of $731,560 and change in non-admitted assets $6,123., $-725437|”

Financial Statement Notes

Part IV, line 2B

“Michigan Basic Property Insurance Association collects and redistributes money received from employees for charity and money received from employees or former employees for benefits. The association also collects and redistributes the portion of premium that is payable as commission earned by the insurance agents.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Linda Maar
IRS990/Form990PartVIISectionAGrp/PersonNm1Katie Ann Jones
IRS990/Form990PartVIISectionAGrp/PersonNm2Amy Mass
IRS990/Form990PartVIISectionAGrp/PersonNm3Donald Simon
IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Rock
IRS990/Form990PartVIISectionAGrp/PersonNm5Carol Breed
IRS990/Form990PartVIISectionAGrp/PersonNm6David Walker
IRS990/Form990PartVIISectionAGrp/PersonNm7Jami Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael McCright
IRS990/Form990PartVIISectionAGrp/PersonNm9Janie Hathaway
IRS990/Form990PartVIISectionAGrp/PersonNm10Lisa Hicks
IRS990/Form990PartVIISectionAGrp/PersonNm11Leroy Bostic
IRS990/Form990PartVIISectionAGrp/PersonNm12Michael Bockrath
IRS990/Form990PartVIISectionAGrp/PersonNm13Christopher Cleveland
IRS990/Form990PartVIISectionAGrp/PersonNm14Solon Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm15Muddasar Tawakkul
IRS990/Form990PartVIISectionAGrp/PersonNm16David Field
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board of Governors
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board of Governors
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/MissionDesc0The mission of Michigan Basic Property Insurance Association is to provide prompt, courteous, and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,569,587
Liabilities
$22,561,207
Net assets
$28,008,380
Revenue
$20,690,870
Expenses
$18,280,443
Net income
$2,410,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$14.5$5.32$13.4$10.9$2.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$12.8$3.00$11.8$11.2$0.67
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$16.6$14.1$2.47$12.6$10.9$1.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$13.7$11.5$14.3$10.3$3.95
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$15.4$21.0$15.9$10.9$5.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.3$16.4$37.9$15.5$13.3$2.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$16.2$33.0$15.6$20.7$5.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.5$19.4$35.1$18.3$13.3$5.03
2016Detailed filing. Detailed filing data is available for this year.$50.6$22.6$28.0$20.7$18.3$2.41
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.5$24.2$25.3$23.3$17.0$6.25
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.1$27.3$19.8$26.8$19.7$7.11
2013Detailed filing. Detailed filing data is available for this year.$42.7$26.3$16.4$28.3$23.6$4.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$36.8$2.04$27.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$38.7$2.24$30.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.4$43.6$11.7$39.4