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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Michigan Bankers Association

Michigan Bankers Association

Fiscal year ending 2024. Filed on March 12, 2025.

507 South Grand Avenue
Lansing, Michigan 48933

Michigan Bankers Association (EIN: 38-0823040) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Michigan Bankers Association, a 501(c)(6) business league, reported compensation for 5 out of 15 total employees. Among the employees shown here, the average compensation is $238,812. The highest compensated employee at Michigan Bankers Association is T Rann Paynter with fiscal year 2024 compensation of $521,602.

Revenue, expenses, and employee compensation

Revenue

$3,484,990

Expenses

$3,285,121

Employee compensation

$1,888,893
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

T Rann Paynter
President and Chief Executive Officer
$521,602
$460,129 No related comp$61,473
Patricia Herndon
Chief Policy Officer
$226,112
$182,225 No related comp$43,887
Matthew D Szubinski
Chief Financial Officer and Chief Operating Officer
$200,630
$167,801 No related comp$32,829
Stephanie Fisher
Senior Vice President, Education
$132,260
$106,185 No related comp$26,075
Jill Verscheure
Senior Vice President, Mbasc
$113,457
$103,245 No related comp$10,212

Benchmark Employee Compensation

Non-Employee Board Members

Edwin H Eichler
Director
Eric Beckhusen
Treasurer
Jason Hyska
Director
Jenny Meier
Director
Jerome Schwind
Former Chair
Joseph Williams
Director
Kenneth Kelly
Director
Mark Savoie
Director
Matthew Clarke
Director
Matthew Keene
Director
Michael Bickers
Director
Raymond A Biggs
Chair-Elect

Contractors

Grand Hotel
Convention Hosting
$113,574

Mission Statement

ADVOCATING FOR AND SUPPORTING BANKING.

Revisions to this organization profile

March 12, 2025:
2024 Michigan Bankers Association 990 filed
January 22, 2024:
2023 Michigan Bankers Association 990 filed
April 16, 2023:
2022 Michigan Bankers Association 990 filed

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