Michigan Property & Casualty Guaranty Association
Nonprofit profile at a glance
- EIN
- 237231188
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Novi, MI, USA
- Phone
- 2484820381
- Rating confidence
- Limited
Reported finances
- Revenue
- $16,997,356
- Expenses
- $11,384,133
- Assets
- $136,670,174
- Liabilities
- $46,484,947
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JEFFERY JENKINS (EXECUTIVE DIRECTOR)
Highest reported compensation
- JEFFERY JENKINS (EXECUTIVE DIRECTOR): $289,268 total reported compensation
- JOHN ARMENT (DIRECTOR OF FINANCE AND ADMINISTRATION): $242,298 total reported compensation
- LORI RICE (ACCOUNTING & ADMINISTRATIVE MGR.): $170,744 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Michigan property and casualty guaranty association ("mpcga") is an unincorporated association of all property and casualty insurers authorized to transact insurance in Michigan. Mpcga was created by an act of the Michigan legislature, mcl 500.7901 et seq., in order to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. When a member insurer becomes insolvent, mpcga has a duty to pay certain obligations of the insolvent insurer that come within the act's definition of covered claims. Mpcga does not handle claims arising out of life or disability insurance or annuity contracts.
What it reported doing in 2025
Mpcga is an unincorporated association of all property and casualty insurers authorized to transact insurance in Michigan. Mpcga was created by an act of the Michigan legislature, mcl 500.7901 et seq., in order to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. When a member insurer becomes insolvent, mpcga has a duty to pay certain obligations of the insolvent insurer that come within the act's definition of covered claims. Mpcga does not handle claims arising out of life or disability insurance or annuity contracts.
Operating model
- Revenue model
- Other-operating. 71% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 73
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 12.01; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -4% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $289K · 11 people listed · 4 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.