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.
Executive compensation
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Board of Governors Board Member 10th to 25th percentile | $2k $3k |
Board of Governors Board Member 10th to 25th percentile | $2k $2k |
Board of Governors Board Member 10th to 25th percentile | $2k $2k |
Board of Governors Board Member Below 10th percentile | $1k $1k |
Board of Governors Board Member Below 10th percentile | $1k $1k |
Board of Governors Board Member Below 10th percentile | $600 $633 |
Board of Governors Board Member Below 10th percentile | $150 $158 |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 10 unpaid individuals.
Board Member pay rose 14% from 2023 to 2024, while revenue rose 14%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
Michigan Basic Property Insurance Association reported revenue and expenses across 2 filing years.
Common questions about Michigan Basic Property Insurance Association
What does the Board Member of Michigan Basic Property Insurance Association earn?
In 2024, the Board Member of Michigan Basic Property Insurance Association received $2,400 in total compensation. This pay is in the bottom quarter for Board Member roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at Michigan Basic Property Insurance Association compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at Michigan Basic Property Insurance Association falls between the 10th and 25th percentiles.
What are Michigan Basic Property Insurance Association's revenue and expenses?
In 2024, Michigan Basic Property Insurance Association reported $13.4M in total revenue and $10.9M in total expenses on its IRS Form 990.
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