CAPE ELIZABETH, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAINE SELF-INSURANCE GUARANTEE ASSOCIATION, founded in 1982, is a small nonprofit that reported $175K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $208K exceeded revenue, resulting in a 19% operating deficit.
TO PROVIDE MECHANISMS FOR THE PAYMENTS OF COVERED WORKERS' COMPENSATION CLAIMS UNDER SELF INSURANCE COVERAGE, TO AVOID EXCESSIVE DELAYS IN PAYMENT, TO AVOID FINANCIAL LOSS TO CLAIMANTS BECAUSE OF THE INSOLVENCY OF A SELF-INSURER AND TO ASSIST WHEN CALLED UPON TO DO SO BY THE SUPERINTENDENT OF INSURANCE, IN THE DETECTION OF SELF-INSURER INSOLVENCIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $174,637 | $159,277 | +0.1% |
| Expenses | $207,805 | $185,982 | +0.1% |
| Net Income | $-33,168 | $-26,705 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAN FERGUSON | CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| DAN SMITH | VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN PARKE | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA CHEESEMAN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| JOHN NORMAN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| CHERYL RUSSELL | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| AMY WEBBER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| ELIZABETH BROGAN | ADMINISTRATOR | 10.00 |
Officer
|
$51,458 | $0 | $51,458 |
| 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 | $174,637 | $207,805 | $4,439,497 | $-33,168 |
| 2022 | $159,277 | $185,982 | $4,352,275 | $-26,705 |
| 2021 | $175,988 | $187,069 | $4,634,864 | $-11,081 |
| 2020 | $201,058 | $200,171 | $4,750,165 | $887 |
| 2019 | $281,925 | $200,357 | $4,662,950 | $81,568 |
| 2018 | $166,119 | $185,174 | $4,607,165 | $-19,055 |
Compare MAINE SELF-INSURANCE GUARANTEE ASSOCIATION with other nonprofits in Maine and across the country.