MAINE INSURANCE AGENTS ASSOCIATION

EIN: 010219810

HALLOWELL, ME

Total Revenue
$1,149,516
Total Expenses
$1,076,938
Total Assets
$1,234,591
Net Assets
$1,189,408
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1899
Legal Domicile
ME
Principal Officer
LISA VEREGGE
Phone
2076231875
Tax Period
2024-09-01 to 2025-08-31

MAINE INSURANCE AGENTS ASSOCIATION, founded in 1899, is a small nonprofit that reported $846K in total revenue in fiscal year 2018.

Mission

TO REPRESENT, SUPPORT, AND PROMOTE INDEPENDENT INSURANCE AGENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $547,105
Investment Income $204,445
Other Revenue $397,966
TOTAL REVENUE $1,149,516

Expense Breakdown

Grants Paid $0
Salaries & Benefits $574,569
Fundraising Expenses $0
Other Expenses $502,369
TOTAL EXPENSES $1,076,938

Year-over-Year Comparison

2024 2023 Change
Revenue $1,149,516 $1,093,668 +0.1%
Expenses $1,076,938 $961,897 +0.1%
Net Income $72,578 $131,771 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
14

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
7
$184,855
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN NAGY DIRECTOR 0.50
Director
$0 $0 $0
HAROLD CLARK DIRECTOR 0.50
Director
$0 $0 $0
STACEY CHENEVERT DIRECTOR (TERMED 12/2024) 0.50
Director
$0 $0 $0
PATRICK CHAMBERLIN DIRECTOR 0.50
Director
$0 $0 $0
JIM CHALMERS DIRECTOR 0.50
Director
$0 $0 $0
JOHN BILODEAU DIRECTOR 0.50
Director
$0 $0 $0
ASHLEY PURINGTON DIRECTOR 0.50
Director
$0 $0 $0
THOMAS BEAROR DIRECTOR 0.50
Director
$0 $0 $0
WENDY TAPLEY IIABA DIRECTOR 0.50
Officer Director
$0 $0 $0
LAURIE NOEL CHAIRWOMAN-ELECT 0.50
Officer Director
$0 $0 $0
ASHLEY ROSBOROUGH IMMEDIATE PAST CHAIRWOMAN 0.50
Officer Director
$0 $0 $0
DANIELLE MARQUIS PIA DIRECTOR 0.50
Officer Director
$0 $0 $0
STACEY JOHANSEN VICE CHAIRWOMAN 0.50
Officer Director
$0 $0 $0
PETER CLAVETTE CHAIRMAN 0.50
Officer Director
$0 $0 $0
MARK BAILEY DIRECTOR 0.50
Director
$0 $0 $0
CHARLES STOKES DIRECTOR (TERMED 4/2025) 0.50
Director
$0 $0 $0
LISA VEREGGE PRESIDENT/CEO 40.00
Officer
$161,435 $23,420 $184,855
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
2025 $1,149,516 $1,076,938 $1,234,591 $72,578
2024 $1,093,668 $961,897 $1,157,243 $131,771
2023 $964,287 $951,289 $987,587 $12,998
2022 $941,041 $883,165 $944,580 $57,876
2021 $880,974 $872,810 $1,007,775 $8,164
2020 $766,211 $751,459 $912,815 $14,752
2019 $846,042 $836,243 $838,397 $9,799
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