Skip to content
Nonprofiteer
← MICHIGAN AUTOMOBILE INSURANCE PLACEMENT FACILITY

Form 990 for tax year 2024

Filed by MICHIGAN AUTOMOBILE INSURANCE PLACEMENT FACILITY.

Totals

Total revenue
$20,305,340
Total expenses
$25,475,112
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,938,186
Investment income
$1,367,154
Other revenue
$0
Total assets, end of year
$116,113,705
Total liabilities, end of year
$93,917,266
Net assets or fund balances, end of year
$22,196,439
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Premiums Earned

    total $14,560,357 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Assigned Claims Service Income

    total $4,377,829 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,623,996 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $50,198,639

  • 7b · Less cost or other basis and sales expenses

    securities $50,455,481

  • 7c · Gain or loss

    securities -$256,842

  • 7d · Net gain or loss

    total -$256,842 · related or exempt -$256,842 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $333,840 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,990,812 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $292,979 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $402,123 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $246,206 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $163,089 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $67,372 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $129,579 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $808,408 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $639,018 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $10,440 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $123,124 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: LAE Losses

    total $4,199,203 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Losses Incurred

    total $9,293,353 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Service Carrier Fees

    total $3,252,791 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Commissions

    total $1,051,821 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,470,954 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$171,049 · end of year $1,067,022

  • 2 · Savings and temporary cash investments

    beginning of year $18,855,639 · end of year $49,823,510

  • 4 · Accounts receivable

    beginning of year $25,205,226 · end of year $21,466,257

  • 11 · Investments: publicly traded securities

    beginning of year $40,639,181 · end of year $43,409,374

  • 15 · Other assets

    beginning of year $311,336 · end of year $347,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,396,377 · end of year $38,542,773

  • 25 · Other liabilities

    beginning of year $58,819,507 · end of year $55,374,493

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,624,449 · end of year $22,196,439

Mission and programs · 2024

Mission

See attached note.

  • See attached note.

  • The Michigan Assigned Claims Plan (MACP) provides Personal Injury Protection benefits required by Michigan No Fault Statute to eligible parties that sustained injuries resulting from a motor vehicle accident. The MACP completes an initial determination of eligibility for each claim and eligible claims are then assigned to a Servicing Insurer to make final determination of coverage. If the injured party is eligible for benefits, the assigned Servicing Insurer processes the claim on behalf of the MACP.

As filed on the 2024 return.

Listed in Part VII

  • Allstate Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Amerisure Mutual Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Auto Club Ins Association

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Auto-Owners Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Hanover Ins Co

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Farm Bureau Ins

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • State Farm Mutual Auto Ins

    Gov Comm Member

    Total calculated
    $0
    Hours/week
    1

  • Ruben Rodriguez

    Gov Comm Member

    Total calculated
    $873
    From this org
    $873
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ray Moulden

    Gov Comm Member

    Total calculated
    $2,307
    From this org
    $2,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr George Goff

    Gov Comm Member

    Total calculated
    $2,688
    From this org
    $2,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Macdonald

    Gov Comm Member

    Total calculated
    $849
    From this org
    $849
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kimberly Bezy

    Executive Director

    Total calculated
    $344,560
    From this org
    $288,968
    From related orgs
    $0
    Other
    $55,592
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $241,770
    Bonus
    $47,198
    Other
    $0
    Deferred
    $37,238
    Nontaxable benefits
    $21,337
    Filer's total
    $347,543

  • Holli LaJoice

    Director of Assigned Claims

    Total calculated
    $221,274
    From this org
    $175,430
    From related orgs
    $0
    Other
    $45,844
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,350
    Bonus
    $18,080
    Other
    $0
    Deferred
    $24,336
    Nontaxable benefits
    $22,790
    Filer's total
    $222,556

  • Bret Scott

    Operations Manager

    Total calculated
    $186,603
    From this org
    $145,751
    From related orgs
    $0
    Other
    $40,852
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $131,873
    Bonus
    $13,878
    Other
    $0
    Deferred
    $19,665
    Nontaxable benefits
    $22,686
    Filer's total
    $188,102

  • Cindie Dulaney

    Director of Finance & Administration

    Total calculated
    $197,444
    From this org
    $154,491
    From related orgs
    $0
    Other
    $42,953
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $138,791
    Bonus
    $15,700
    Other
    $0
    Deferred
    $20,256
    Nontaxable benefits
    $24,809
    Filer's total
    $199,556

  • Colleen Walker

    Litigation Manager

    Total calculated
    $151,594
    From this org
    $128,791
    From related orgs
    $0
    Other
    $22,803
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $121,525
    Bonus
    $7,266
    Other
    $0
    Deferred
    $18,003
    Nontaxable benefits
    $5,605
    Filer's total
    $152,399

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.2
Source object
202542769349300214

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.