MAINE MEDICAL ASSOCIATION

EIN: 010216933

MANCHESTER, ME

Total Revenue
$4,581,264
Total Expenses
$4,556,098
Total Assets
$2,263,565
Net Assets
$1,905,002
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Financial Trends

Organization Details

Formation Year
1853
Legal Domicile
ME
Principal Officer
ANDREW MACLEAN
Phone
2076223374
Tax Period
2024-01-01 to 2024-12-31

MAINE MEDICAL ASSOCIATION, founded in 1853, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 11% surplus.

Mission

TO SUPPORT MAINE PHYSICIANS, ADVANCE THE QUALITY OF MEDICINE IN MAINE, AND PROMOTE THE HEALTH OF ALL MAINE PEOPLE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $571,541
Program Service Revenue $2,435,975
Investment Income $90,655
Other Revenue $1,483,093
TOTAL REVENUE $4,581,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,851,615
Fundraising Expenses $97,769
Program Expenses $3,877,228
Other Expenses $704,483
TOTAL EXPENSES $4,556,098

Year-over-Year Comparison

2024 2023 Change
Revenue $4,581,264 $4,168,820 +0.1%
Expenses $4,556,098 $4,040,064 +0.1%
Net Income $25,166 $128,756 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
30
Independent Members
29
Employees
41
Volunteers
29

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$296,441
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW MACLEAN CEO 40.00
Officer
$289,092 $7,349 $296,441
JEFFREY BARKIN MD DIRECTOR 2.00
Director
$0 $0 $0
PAUL CAIN MD DIRECTOR 2.00
Director
$0 $0 $0
GAVIN DUCKER DIRECTOR 2.00
Director
$0 $0 $0
KEVIN FICKENSCHER DIRECTOR 2.00
Director
$0 $0 $0
SARA FREEDMAN DIRECTOR 2.00
Director
$0 $0 $0
MINDA GOLD MD BOARD CHAIR 5.00
Officer Director
$0 $0 $0
HENK GOORHUIS MD DIRECTOR 2.00
Director
$0 $0 $0
R SCOTT HANSON MD PRESIDENT 5.00
Officer Director
$0 $0 $0
RAYMOND HICKS MD DIRECTOR 2.00
Director
$0 $0 $0
HANI JARAWAN MD DIRECTOR 2.00
Director
$0 $0 $0
JAMES JARVIS MD PRESIDENT EL 5.00
Officer Director
$0 $0 $0
JIMS JEAN-JACQUES DO FACC DIRECTOR 2.00
Director
$0 $0 $0
AMELIA KEANE MEDICAL STUDENT DIRECTOR 2.00
Director
$0 $0 $0
DIETER KRECKEL MD DIRECTOR 2.00
Director
$0 $0 $0
AMY MADDEN MD DIRECTOR 2.00
Director
$0 $0 $0
SAMUELA MANAGES MD DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN MESERVE MD DIRECTOR 2.00
Director
$0 $0 $0
NATHANIEL MEYER MEDICAL RESIDENT DIRECTOR 2.00
Director
$0 $0 $0
SARAH MICUCCI DIRECTOR 2.00
Director
$0 $0 $0
DORA MILLS MD DIRECTOR 2.00
Director
$0 $0 $0
JAY MULLEN MD DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER MUTTER DO DIRECTOR 2.00
Director
$0 $0 $0
KARTIKEY PANDYA DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL PARKER MD TREASURER 5.00
Officer Director
$0 $0 $0
ELIZABETH PEARCE MD DIRECTOR 2.00
Director
$0 $0 $0
KENJI SAITO MD JD DIRECTOR 2.00
Director
$0 $0 $0
KAREN SAYLOR MD DIRECTOR 2.00
Director
$0 $0 $0
SCOTT SCHIFF-SLATER MD DIRECTOR 2.00
Director
$0 $0 $0
ERIK STEELE DO DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,581,264 $4,556,098 $2,263,565 $25,166
2023 $4,168,820 $4,040,064 $2,582,249 $128,756
2022 $2,673,174 $2,813,914 $2,210,484 $-140,740
2021 $2,158,202 $1,968,668 $2,430,862 $189,534
2020 $2,204,573 $2,041,008 $2,052,702 $163,565
2019 $2,108,876 $2,183,311 $2,028,100 $-74,435
2018 $2,589,371 $2,309,370 $2,062,103 $280,001
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