Public Charity

COMPENSATION ADVISORY ORGANIZATION OF MICHIGAN

Based in LIVONIA, MI, COMPENSATION ADVISORY ORGANIZATION OF MICHIGAN operates as a Public Charity. The organization reported $3.8M in revenue, $2.3M in expenses, $5.4M in total assets for fiscal year 2024.

EIN: 382435780 LIVONIA, MI Latest filing: 2024

Total Revenue$3.8M

Total Expenses$2.3M

Total Assets$5.4M

Grant Records0

Filing Years2020–2024

Mission

MICHIGAN'S DATA COLLECTION ORGANIZATION (DCO) RESPONSIBLE FOR COLLECTING WORKERS' COMPENSATION POLICY AND CLAIM DATA FOR USE IN PROMULGATING EXPERIENCE MODIFICATION FACTORS, PUBLISHING VOLUNTARY LOSS COSTS FOR MICHIGAN'S VOLUNTARY PROPERTY & CASUALTY INSURANCE MARKET AND ESTABLISHING RATES FOR RESIDUAL MARKET. CAOM IS AUTHORIZED THROUGH THE DATA COLLECTION AGENCY TO SUPPORT THE VOLUNTARY WC MARKET AND OVERSEE THE RESIDUAL MARKET WHICH IS SUPPORTED BY THE MICHIGAN WORKERS' COMPENSATION PLACEMENT FACILITY (MWCPF)

Where $100 goes at Compensation Advisory Organization of Michigan

How Compensation Advisory Organization of Michigan divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$90 Programs the work itself

$10 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $90 for programs

$90

Caom supported their data collection responsibilities through their unit statistical reporting and financial data call initiatives

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Adnan Pathan

SENIOR VP & CHEIF ACTUARY Alan Burns

DIRECTOR, ACTUARIAL & DATA REPORTING Alex Bedoway

DIRECTOR April Smith

DIRECTOR (ENDED 3/24) Betty Carbone

DIRECTOR Brian Hoffman

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$3.8M	$2.3M	$5.4M
2023	$3.5M	$2.1M	$4.7M
2022	$3.2M	$2.1M	$4.6M
2021	$3.4M	$2.2M	$4.5M
2020	$3.4M	$2.3M	$5.9M

Between 2020 and 2024, reported annual revenue grew from $3.4M to $3.8M (+12%), with total assets most recently reported at $5.4M.

Interactive year-over-year charts and full filing details available with membership.

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