Regulated Lenders Association of Michigan
Nonprofit profile at a glance
- EIN
- 880799351
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022
- Location
- Lansing, MI, USA
- Phone
- 8106910703
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $12,500
- Expenses
- $5,846
- Assets
- $6,654
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- Jacquelen Timm (Director)
- Patrick Meyers (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate exclusively for the promotion of regulated lenders by promoting the common business interests and general welfare of the industry within Michigan; To educate the public and policymakers and supporting public policies on the federal, state, and local levels, that will bring about responsible and legitimate improvements to the regulated lending industry; To support activities to improve the quality and effectiveness of the regulated industry within the State of Michigan and access to credit; and To receive and administer money to sponsor or conduct research, secure goods and services, or engage in other activities consistent with these purposes.
What it reported doing in 2022
Organization was established and formed---(Articles of Incorporation, Bylaws) Board was created and board members were established. One membership due was collected.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 71
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 53.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1.14; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.