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 Vulnerability Assessment (Tuckman-Chang)

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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, founded in 1980, is a small nonprofit that reported $401K in total revenue in fiscal year 2022. Expenses of $359K left a modest 11% surplus.

Mission

THE ASSOCIATIONS'S PRIMARY PURPOSE IS TO PROTECT AND EXPAND THE RIGHTS AND BENEFITS OF MAINE'S RETIRED TEACHERS, AND STATE, COUNTY AND MUNICIPAL GOVERNMENT EMPLOYEES WHO RECEIVE A PENSION THROUGH MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINE PERS), AND TO SUPPORT A FISCALLY SOUND RETIREMENT SYSTEM. TO FULFILL THE ASSOCIATION'S MISSION WITH A VARIETY OF COMMUNICATION CHANNELS INCLUDING NEWSLETTERS, WEBSITE, COMMITTEE, REGIONAL AND ANNUAL MEETINGS, AND TO ADVANCE FOR THE MEMBERSHIP'S RETIREE PENSION PLAN AND ITS BENEFITS THROUGH TESTIMONY AT STATE LEGISLATIVE HEARINGS, COMMUNICATION WITH CONGRESSIONAL DELEGATION, INFORMATION SHARING WITH THE GOVERNOR, PUBLIC COMMUNICATIONS, AND PARTICIPATION IN RELEVANT ASSOCIATIONS, COALITIONS, AND MEETINGS.

Program Service Accomplishments

Program 1

ADVOCATES FOR STATE AND FEDERAL LEGISLATION THAT BENEFITS MAINE'S RETIREES RECEIVING PENSIONS THORUGH MAINE PERS USING IN HOUSE STAFF AND PROFESSIONAL LOBBYISTS. MAR TESTIFIES AT HEARINGS, AND...

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ADVOCATES FOR STATE AND FEDERAL LEGISLATION THAT BENEFITS MAINE'S RETIREES RECEIVING PENSIONS THORUGH MAINE PERS USING IN HOUSE STAFF AND PROFESSIONAL LOBBYISTS. MAR TESTIFIES AT HEARINGS, AND PROVIDES INFORMATION TO OUR MEMBERSHIP, LEGISLATORS, THE GOVERNOR, REGULATORY AGENCIES, AND THE PUBLIC ON ISSUES AFFECTING RETIREE BENEFIT.

Program 2

ORGANIZES AND CONDUCTS ANNUAL AND REGIONAL MEETINGS THROUGHOUT THE STATE FOR MEMBERS TO DISCUSS PENSIONS, BENEFITS AND INSURANCE ISSUES, AND PROVIDE MEMBERS INFORMATION ON THE VARIOUS SERVICES...

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ORGANIZES AND CONDUCTS ANNUAL AND REGIONAL MEETINGS THROUGHOUT THE STATE FOR MEMBERS TO DISCUSS PENSIONS, BENEFITS AND INSURANCE ISSUES, AND PROVIDE MEMBERS INFORMATION ON THE VARIOUS SERVICES AVAILABLE TO THEM.

Program 3

PUBLISH A QUARTERLY NEWSLETTER AND MAINTAIN A MAR WEBSITE TO INFORM OUR MEMBERS OF PENSION, INSURANCE, LEGISLATIVE ISSUES, AND OTHER RELEVANT INFORMATION THAT AFFECTS PUBLIC RETIREES RECEIVING A...

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PUBLISH A QUARTERLY NEWSLETTER AND MAINTAIN A MAR WEBSITE TO INFORM OUR MEMBERS OF PENSION, INSURANCE, LEGISLATIVE ISSUES, AND OTHER RELEVANT INFORMATION THAT AFFECTS PUBLIC RETIREES RECEIVING A MAINE PUBLIC EMPLOYEES RETIREMENT PENSION, MAINE PERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Liquidity & Cash Position

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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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