ZUnclassifiedEIN: 237319169· Ruling Year: 1974

Michigan State Painters Insurance Fund

Lansing, Michigan

BHealth Score
56B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 22 peers in Unclassified with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.18×
Peer Median15.40×
💰
$7.3M
Total Revenue
📊
$7.7M
Total Expenses
🏦
$16.9M
Net Assets
📋
$1.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+25.4%
Year-over-year change (2022 → 2023)
Net Margin
-6.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.18
Net assets divided by total expenses
Liabilities-to-Assets
6.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,307,79725%$7,747,3861%$18,067,3412%
2022$5,826,72630%$7,798,61711%$18,415,4929%
2021$8,366,5144%$7,032,53511%$20,274,9088%
2020$8,050,2915%$6,317,3137%$18,835,28813%
2019$8,481,56710%$6,796,88616%$16,675,9199%
2018$7,740,3661%$8,099,13611%$15,255,929
2017$7,780,6176%$7,280,16413%$15,297,8984%
2016$7,312,83027%$6,420,09022%$14,697,6706%
2015$5,744,4491%$5,242,7013%$13,849,0883%
2014$5,663,67820%$5,420,10913%$13,448,9254%
2013$4,700,30010%$4,794,03810%$12,921,766
2012$5,195,9344%$5,323,57637%$12,862,046
2011$5,016,767$3,892,806$12,899,244

Frequently Asked Questions

What does Michigan State Painters Insurance Fund do?

Michigan State Painters Insurance Fund is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Michigan State Painters Insurance Fund financially healthy?

Based on our 9-metric Financial Health Score model, Michigan State Painters Insurance Fund has a score of 56/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Michigan State Painters Insurance Fund generate?

Michigan State Painters Insurance Fund reports $9.4M in annual revenue and holds $20.1M in total assets, based on IRS filings.

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