Civic Intelligence

Michigan Association of Insurance Agents

EIN 38-3008528 • 501(c)6 • Lansing, MI

View Organization Page

Profile

To serve the needs of michigan independent insurance agents and consumers by promoting a healthy and competitive insurance and business environment.

1141 Centennial WayLansing, MI 48917

www.michagent.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.11x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.29x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-20%

Higher net margin than 7% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$174,667

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

21st percentile

-2.9%

Faster asset growth than 21% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-9.5%

Faster revenue growth than 13% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$5,727,226

Down $168,451 (-2.9%) from 2023

Liabilities

Down

$633,064

Down $88,790 (-12%) from 2023

Net Assets

Down

$5,094,162

Down $79,661 (-1.5%) from 2023

Operations
Liabilities / Revenue50th percentileNet Margin7th percentile

Revenue

Down

$2,161,696

Down $226,785 (-9.5%) from 2023

Expenses

Up

$2,604,235

Up $57,809 (+2.3%) from 2023

Net Income

Down

-$442,539

Down $284,594 (-180%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,804,410Liabilities 2010: $875,936Net Assets 2010: $4,928,4742010Assets 2011: $6,308,743Liabilities 2011: $878,281Net Assets 2011: $5,430,4622011Assets 2012: $6,418,317Liabilities 2012: $780,266Net Assets 2012: $5,638,0512012Assets 2013: $6,385,295Liabilities 2013: $845,178Net Assets 2013: $5,540,1172013Assets 2014: $6,924,028Liabilities 2014: $1,034,167Net Assets 2014: $5,889,8612014Assets 2015: $6,797,334Liabilities 2015: $1,072,948Net Assets 2015: $5,724,3862015Assets 2016: $6,863,491Liabilities 2016: $1,046,308Net Assets 2016: $5,817,1832016Assets 2017: $6,994,592Liabilities 2017: $999,981Net Assets 2017: $5,994,6112017Assets 2018: $7,161,912Liabilities 2018: $1,006,427Net Assets 2018: $6,155,4852018Assets 2019: $6,842,054Liabilities 2019: $994,184Net Assets 2019: $5,847,8702019Assets 2020: $6,634,657Liabilities 2020: $839,243Net Assets 2020: $5,795,4142020Assets 2021: $6,976,281Liabilities 2021: $724,412Net Assets 2021: $6,251,8692021Assets 2022: $6,121,259Liabilities 2022: $805,223Net Assets 2022: $5,316,0362022Assets 2023: $5,895,677Liabilities 2023: $721,854Net Assets 2023: $5,173,8232023Assets 2024: $5,727,226Liabilities 2024: $633,064Net Assets 2024: $5,094,1622024

Highlighted filing

2024

Assets$5,727,226
Liabilities$633,064
Net Assets$5,094,162
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,575,9802010Revenue 2011: $3,010,418Expenses 2011: $2,507,315Net Income 2011: $503,1032011Revenue 2012: $2,686,770Expenses 2012: $2,364,678Net Income 2012: $322,0922012Revenue 2013: $2,609,956Expenses 2013: $2,498,365Net Income 2013: $111,5912013Revenue 2014: $2,841,804Expenses 2014: $2,602,553Net Income 2014: $239,2512014Revenue 2015: $3,119,824Expenses 2015: $3,194,260Net Income 2015: -$74,4362015Revenue 2016: $3,025,833Expenses 2016: $3,158,282Net Income 2016: -$132,4492016Revenue 2017: $2,882,745Expenses 2017: $2,974,621Net Income 2017: -$91,8762017Revenue 2018: $2,875,043Expenses 2018: $3,128,229Net Income 2018: -$253,1862018Revenue 2019: $2,718,979Expenses 2019: $3,102,168Net Income 2019: -$383,1892019Revenue 2020: $2,207,891Expenses 2020: $2,515,186Net Income 2020: -$307,2952020Revenue 2021: $2,183,577Expenses 2021: $2,507,968Net Income 2021: -$324,3912021Revenue 2022: $2,345,887Expenses 2022: $2,705,006Net Income 2022: -$359,1192022Revenue 2023: $2,388,481Expenses 2023: $2,546,426Net Income 2023: -$157,9452023Revenue 2024: $2,161,696Expenses 2024: $2,604,235Net Income 2024: -$442,5392024

Highlighted filing

2024

Revenue$2,161,696
Expenses$2,604,235
Net Income-$442,539
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,727,226
Liabilities
$633,064
Net assets
$5,094,162
Revenue
$2,161,696
Expenses
$2,604,235
Net income
-$442,539
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.63$5.09$2.16$2.60$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.72$5.17$2.39$2.55$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$0.81$5.32$2.35$2.71$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$0.72$6.25$2.18$2.51$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.63$0.84$5.80$2.21$2.52$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$0.99$5.85$2.72$3.10$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$1.01$6.16$2.88$3.13$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.99$1.00$5.99$2.88$2.97$0.09
2016Detailed filing. Detailed filing data is available for this year.$6.86$1.05$5.82$3.03$3.16$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$1.07$5.72$3.12$3.19$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.92$1.03$5.89$2.84$2.60$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.85$5.54$2.61$2.50$0.11
2012Summary only. Only limited summary data is available for this year.$6.42$0.78$5.64$2.69$2.36$0.32
2011Summary only. Only limited summary data is available for this year.$6.31$0.88$5.43$3.01$2.51$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.88$4.93$2.58
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • $5M-$10M nonprofits