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Filing year 2023

MICHIGAN BANKERS ASSOCIATION

Lansing, Michigan·EIN 38-0823040·501(c)(6)
Total revenue
$3.5M
Total assets
$7.7M
Total expenses
$3.3M
Reported officers
18
Mission

ADVOCATING FOR AND SUPPORTING BANKING.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$522k
$576k
Base
$378k
Bonus
$44k
Other
$38k
Benefits
$20k
Chief Policy Officer
Highest Compensated Employee
Median to 75th percentile
$226k
$250k
Base
$173k
Bonus
$9k
Other
Benefits
$29k
Cfo/coo
Officer (Unspecified)
$201k
$222k
Base
$155k
Bonus
$13k
Other
Benefits
$19k
Senior Vp, Education
Senior Vice President
25th percentile to median
$132k
$146k
Senior Vp, Mbasc
Senior Vice President
10th to 25th percentile
$113k
$125k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Up 8%
from 2022

From $484k in 2022 to $522k in 2023.

$484k
2022
$522k
2023
In today's dollarsEst.
Up 4% in real terms$555k to $576k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 8% from 2022 to 2023, while revenue rose 2%.

$484k in 2022 to $522k in 2023.
  • Highest Compensated Employee pay rose 3% from 2022 to 2023.
  • Senior Vice President pay rose 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MICHIGAN BANKERS ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.4M
$3.2M
2022
$3.5M
$3.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MICHIGAN BANKERS ASSOCIATION

What does the Chief Executive Officer of MICHIGAN BANKERS ASSOCIATION earn?

In 2023, the Chief Executive Officer of MICHIGAN BANKERS ASSOCIATION received $521,602 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MICHIGAN BANKERS ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MICHIGAN BANKERS ASSOCIATION falls in the top 10%.

What are MICHIGAN BANKERS ASSOCIATION's revenue and expenses?

In 2023, MICHIGAN BANKERS ASSOCIATION reported $3.5M in total revenue and $3.3M in total expenses on its IRS Form 990.

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