MAINE EDUCATION ASSOCIATION BENEFITS TRUST

EIN: 010479776

AUGUSTA, ME

Total Revenue
$599,325,980
Total Expenses
$618,139,947
Total Assets
$144,788,738
Net Assets
$144,506,964
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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
ME
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.

Program Service Accomplishments

Program 1

ADMINISTERS GROUP HEALTH AND OTHER BENEFIT PROGRAMS FOR THE BENEFIT OF THE MEMBERS OF MAINE EDUCATION ASSOCIATION.

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

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
4
$236,942
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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