MAINE INSURANCE AGENTS ASSOCIATION (EIN 010219810) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1899

Legal Domicile

Principal Officer

LISA VEREGGE

Phone

2076231875

Tax Period

2024-09-01 to 2025-08-31

MAINE INSURANCE AGENTS ASSOCIATION is a tax-exempt nonprofit with EIN 010219810, based in HALLOWELL, ME. Founded in 1899, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,149,516 in total revenue and $1,076,938 in total expenses, with net assets of $1,189,408.

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%)

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$184,855

Total Directors

Key Employees

Highest Compensated

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

MAINE INSURANCE AGENTS ASSOCIATION