Employees of Municipal & Other Public Employers of Maine Health Ins Trust

EIN: 010382676

Augusta, ME

Total Revenue
$213,362,776
Total Expenses
$216,728,202
Total Assets
$120,397,185
Net Assets
$96,359,005
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
ME
Phone
2076238428
Tax Period
2024-01-01 to 2024-12-31

Employees of Municipal & Other Public Employers of Maine Health Ins Trust is a tax-exempt nonprofit with EIN 010382676, based in Augusta, ME. Founded in 1982, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $213,362,776 in total revenue and $216,728,202 in total expenses, with net assets of $96,359,005.

Mission

To provide quality health and other related benefits on a self insured basis to employees of participating municipalities, counties, quasi-municipal and other public and non-profit entities in the State of Maine.

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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 $209,800,467
Investment Income $3,562,309
Other Revenue $0
TOTAL REVENUE $213,362,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,110,380
TOTAL EXPENSES $216,728,202

Year-over-Year Comparison

2024 2023 Change
Revenue $213,362,776 $198,593,935 +0.1%
Expenses $216,728,202 $204,761,655 +0.1%
Net Income $-3,365,426 $-6,167,720 -0.5%
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
11
Independent Members
11
Employees
N/A
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory L'Heureux Trustee 001.00
Director
$0 $0 $0
Stephen Fields Trustee 001.00
Director
$0 $0 $0
Donald Gerrish Trustee 001.00
Director
$0 $0 $0
Ellen Bemis Secretary 001.00
Officer Director
$0 $0 $0
Jonathan Carter Trustee 001.00
Director
$0 $0 $0
Dale Olmstead Trustee 001.00
Director
$0 $0 $0
Erin Herbig Trustee 001.00
Director
$0 $0 $0
James Gailey Vice Chair Person 001.00
Officer Director
$0 $0 $0
Melissa Flayhan Chair Person 001.00
Officer Director
$0 $0 $0
Jessica Maloy Trustee 001.00
Director
$0 $0 $0
Diane Barnes Trustee 001.00
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
2024 $213,362,776 $216,728,202 $120,397,185 $-3,365,426
2023 $198,593,935 $204,761,655 $114,007,131 $-6,167,720
2022 $184,664,669 $179,256,637 $117,681,298 $5,408,032
2021 $177,623,871 $170,875,284 $116,909,918 $6,748,587
2020 $177,368,483 $157,607,492 $110,452,085 $19,760,991
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