#109 of 500 · Trade, Professional & Labor

Michigan Education Special Services Association

EIN 38-1641634 · MI · NTEE n/a · Form 990, fiscal 2023

A nonprofit voluntary employees' beneficiary association (VEBA) formed in 1960 and affiliated with the Michigan Education Association. It provides and administers health, dental, vision, and related insurance benefits for Michigan public school employees—teachers, support staff, administrators, and higher-education faculty—with medical coverage underwritten by Blue Cross Blue Shield of Michigan. It operates on a member-owned, not-for-profit basis.

Financials, fiscal 2023

Revenue

$1.31B

Expenses

$1.37B

Total assets

$790.5M

Net assets

$638.3M

Operating margin

-4.9%

1-year growth

3.6%

5-year growth (CAGR)

3.8%

Reserve (years of spending)

5.6

Contributions share

n/a

Programme spending

99.0%

Fundraising cost

n/a

Executive pay share

0.02%

Employees

389

Revenue per employee

$3.4M

Grants paid

n/a

Years filing

61

NFP Health Score: 71 / 100

Financial 46 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To exceed the expectations of our customers by providing extraordinary service and a superior healthcare experience.

Revenue history