MAINE EDUCATION ASSOCIATION BENEFITS TRUST (EIN 010479776) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

JENNIFER KENT

Phone

2076225866

Tax Period

2024-07-01 to 2025-06-30

MAINE EDUCATION ASSOCIATION BENEFITS TRUST, founded in 1993, is a major nonprofit that reported $599.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ITS MEMBERS' EMPLOYEES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $594,141,689

Investment Income $5,184,291

Other Revenue $0

TOTAL REVENUE $599,325,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,479

Fundraising Expenses $0

Other Expenses $1,805,256

TOTAL EXPENSES $618,139,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,325,980	$591,844,447	+0.0%
Expenses	$618,139,947	$587,186,722	+0.1%
Net Income	$-18,813,967	$4,657,725	-5.0%

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

Employees

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

$236,942

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA VERNEY	CHAIR	2.00	Officer Director	$0	$0	$0
JILL PLOURD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATTY SCULLY	SECRETARY	1.00	Officer Director	$0	$0	$0
EVELYN ATWOOD	TRUSTEE	1.00	Director	$0	$0	$0
FAITH CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY DOS SANTOS	TRUSTEE	1.00	Director	$0	$0	$0
BETH FRENCH	TRUSTEE	1.00	Director	$0	$0	$0
HAL PERRY	TRUSTEE	1.00	Director	$0	$0	$0
LYNN SNOW	TRUSTEE	1.00	Director	$0	$0	$0
KEN WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER KENT	EXECUTIVE DIRECTOR	40.00	Officer	$174,490	$62,452	$236,942

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	$599,325,980	$618,139,947	$144,788,738	$-18,813,967
2024	$591,844,447	$587,186,722	$170,036,354	$4,657,725
2023	$582,870,598	$571,537,154	$152,183,278	$11,333,444
2022	$567,819,611	$560,996,475	$140,176,598	$6,823,136
2021	$534,515,388	$539,746,008	$141,056,397	$-5,230,620
2020	$583,864,900	$534,694,434	$147,468,755	$49,170,466
2019	$538,915,998	$517,888,489	$98,216,744	$21,027,509
2018	$514,340,516	$496,263,905	$76,460,456	$18,076,611

MAINE EDUCATION ASSOCIATION BENEFITS TRUST