MAINE AUTOMOBILE DEALERS ASSOCIATION INC INSURANCE TRUST (EIN 010288347) - 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

1950

Legal Domicile

Principal Officer

THOMAS T BROWN JR

Phone

2076233882

Tax Period

2024-06-01 to 2025-05-31

MAINE AUTOMOBILE DEALERS ASSOCIATION INC INSURANCE TRUST is a tax-exempt nonprofit with EIN 010288347, based in AUGUSTA, ME. Founded in 1950, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $34,970,128 in total revenue and $34,133,482 in total expenses, with net assets of $10,330,465.

Mission

TO PROVIDE HEALTH, DENTAL, LIFE, VISION AND DISABILITY BENEFITS TO ITS MEMBERS EMPLOYEES.

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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 $34,599,866

Investment Income $370,262

Other Revenue $0

TOTAL REVENUE $34,970,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,715,755

TOTAL EXPENSES $34,133,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,970,128	$33,391,316	+0.0%
Expenses	$34,133,482	$32,719,897	+0.0%
Net Income	$836,646	$671,419	+0.2%

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

N/A

Employees

N/A

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

$231,407

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK PAPE III	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KIRK CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ISAACSON	TRUSTEE	1.00	Director	$0	$0	$0
MARK POLITTE	TRUSTEE	1.00	Director	$0	$0	$0
H WILLIAM SOWLES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS BROWN	ADMINISTRATOR	10.00	Officer	$0	$11,498	$231,407

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	$34,970,128	$34,133,482	$12,136,154	$836,646
2024	$33,391,316	$32,719,897	$11,389,936	$671,419
2023	$31,244,375	$32,171,634	$9,738,878	$-927,259
2022	$30,304,853	$31,200,463	$10,559,254	$-895,610
2021	$30,529,712	$28,368,894	$12,078,654	$2,160,818
2020	$30,659,686	$31,065,987	$8,983,777	$-406,301
2018	$30,470,061	$33,316,997	$9,810,818	$-2,846,936

MAINE AUTOMOBILE DEALERS ASSOCIATION INC INSURANCE TRUST