THE MICHIGAN WORKERS' COMPENSATION PLACEMENT FACILITY (A.K.A. THE FACILITY) ADDRESSES ALL PLAN AND POOL ADMINISTRATION RESPONSIBILITIES REQUIRED TO OFFER AN ALTERNATIVE COVERAGE SOURCE FOR BUSINESSES UNABLE TO PROCURE WC INSURANCE COVERAGE IN THE VOLUNTARY MARKET. PLAN ADMINISTRATION DUTIES INCLUDE PROCESSING APPLICATIONS AGAINST ESTABLISHED ELIGIBILITY GUIDELINES, APPOINTING SERVICING CARRIERS TO ISSUE POLICIES AND PROCESS ANY SUBSEQUENT CLAIM ACTIVITY AND ESTABLISHING A VIABLE OUTSIDE VENDOR AND/OR SUITABLE INTERNAL RESOURCES TO ADDRESS THE VARIOUS POOL ADMINISTRATION RESPONSIBILITIES
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $175k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $142k
- Bonus
- —
- Other
- —
- Benefits
- $11k
- Base
- $103k
- Bonus
- —
- Other
- —
- Benefits
- $8k
- Base
- $96k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $81k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $70k
- Bonus
- —
- Other
- —
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President 75th to 90th percentile | $175k | — | — | $10k | $212k $224k |
Svp, Chief Actuary Senior Vice President 25th percentile to median | $142k | — | — | $11k | $177k $187k |
CIO Chief Information Officer 25th percentile to median | $103k | — | — | $8k | $128k $136k |
Director, Actuarial & Data Reporting Highest Compensated Employee 10th to 25th percentile | $96k | — | — | $9k | $123k $130k |
Vp, Operations Vice President Median to 75th percentile | $81k | — | — | $9k | $107k $113k |
Actuary III Highest Compensated Employee Below 10th percentile | $70k | — | — | $9k | $95k $100k |
Senior Developer II Highest Compensated Employee Below 10th percentile | — | — | — | — | $71k $74k |
Board Member 10th to 25th percentile | — | — | — | — | $2k $2k |
Board Member 10th to 25th percentile | — | — | — | — | $2k $2k |
Board Member 10th to 25th percentile | — | — | — | — | $2k $2k |
Board Member Below 10th percentile | — | — | — | — | $1k $1k |
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 7 unpaid individuals.
Chief Executive Officer pay rose 3902% from 2023 to 2024, while revenue fell 4%.
- Senior Vice President pay rose 2498% from 2023 to 2024.
- Highest Compensated Employee pay rose 2752% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY reported revenue and expenses across 2 filing years.
Common questions about MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY
What does the Chief Executive Officer of MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY earn?
In 2024, the Chief Executive Officer of MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY received $212,452 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY falls between the 75th and 90th percentiles.
What are MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY's revenue and expenses?
In 2024, MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY reported $3.1M in total revenue and $2.4M in total expenses on its IRS Form 990.
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