MAINE ASSOCIATION OF RETIREES INC

EIN: 010370896

AUGUSTA, ME

Total Revenue
$400,771
Total Expenses
$358,529
Total Assets
$1,028,363
Net Assets
$1,014,788
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
ME
Principal Officer
DIANE BAILEY
Phone
2075821960
Tax Period
2022-07-01 to 2023-06-30

MAINE ASSOCIATION OF RETIREES INC is a tax-exempt nonprofit with EIN 010370896, based in AUGUSTA, ME. Founded in 1980, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $400,771 in total revenue and $358,529 in total expenses, with net assets of $1,014,788.

Mission

TO PROTECT AND EXPAND THE RIGHTS AND BENEFITS OF MAINE'S RETIRED EMPLOYEES: TEACHERS, STATE, COUNTY, AND MUNICIPAL GOVERNMENT EMPLOYEES, AND TO SUPPORT A FISCALLY SOUND RETIREMENT SYSTEM.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $280,868
Program Service Revenue $0
Investment Income $7,256
Other Revenue $112,647
TOTAL REVENUE $400,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,275
Fundraising Expenses $0
Other Expenses $135,254
TOTAL EXPENSES $358,529

Year-over-Year Comparison

2022 2021 Change
Revenue $400,771 $406,141 0.0%
Expenses $358,529 $367,901 0.0%
Net Income $42,242 $38,240 +0.1%
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
9
Independent Members
8
Employees
10
Volunteers
N/A

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
10
$68,083
Total Directors
10
$68,083
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE BAILEY EXECUTIVE DI 30.00
Officer Director
$44,540 $637 $45,177
PATRICIA CASTONGUAY TREASURER 0.50
Officer Director
$22,853 $53 $22,906
ARTHUR ALLARD DIRECTOR, RE 0.50
Officer Director
$0 $0 $0
GARRY HINKLEY DIRECTOR, RE 0.50
Officer Director
$0 $0 $0
DAWN KLIPHAN SECRETARY 0.50
Officer Director
$0 $0 $0
WILLIAM LAUBENSTEIN PRESIDENT 0.50
Officer Director
$0 $0 $0
ROBERT POWERS DIRECTOR, RE 0.50
Officer Director
$0 $0 $0
TOM RECORD VICE PRESIDE 0.50
Officer Director
$0 $0 $0
TERRY SANDUSKY DIRECTOR, RE 0.50
Officer Director
$0 $0 $0
MARIE ELIZABETH SNOWMAN DIRECTOR, RE 0.50
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $400,771 $358,529 $1,028,363 $42,242
2022 $406,141 $380,870 $990,413 $25,271
2021 $430,998 $326,737 $963,761 $104,261
2020 $425,289 $334,770 $862,297 $90,519
2019 $404,350 $326,148 $770,035 $78,202
2018 $335,142 $283,155 $690,066 $51,987
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