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Filing year 2024

MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY

Livonia, Michigan·EIN 38-2435776·501(c)(6)
Total revenue
$3.1M
Total assets
$2.7M
Total expenses
$2.4M
Reported officers
18
Mission

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.

President
75th to 90th percentile
$212k
$224k
Base
$175k
Bonus
Other
Benefits
$10k
Svp, Chief Actuary
Senior Vice President
25th percentile to median
$177k
$187k
Base
$142k
Bonus
Other
Benefits
$11k
CIO
Chief Information Officer
25th percentile to median
$128k
$136k
Base
$103k
Bonus
Other
Benefits
$8k
Director, Actuarial & Data Reporting
Highest Compensated Employee
10th to 25th percentile
$123k
$130k
Base
$96k
Bonus
Other
Benefits
$9k
Vp, Operations
Vice President
Median to 75th percentile
$107k
$113k
Base
$81k
Bonus
Other
Benefits
$9k
Actuary III
Highest Compensated Employee
Below 10th percentile
$95k
$100k
Base
$70k
Bonus
Other
Benefits
$9k
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.

Pay for the position

Chief Executive Officer pay rose 3902% from 2023 to 2024, while revenue fell 4%.

$5k in 2023 to $212k in 2024.
  • 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.

Financial trend

Revenue and expenses over time

MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.2M
$2.2M
2023
$3.1M
$2.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

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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