MAINE ASSOCIATION OF HEALTH PLANS

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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

1999

Legal Domicile

Principal Officer

DANIEL DEMERITT

Phone

2078522087

Tax Period

2023-01-01 to 2023-12-31

MAINE ASSOCIATION OF HEALTH PLANS, founded in 1999, is a small nonprofit that reported $272K in total revenue in fiscal year 2023. The organization ran a surplus of $50K, a strong 19% operating margin.

Mission

TO PROMOTE AND FOSTER HEALTH PLANS IN MAINE.

Program Service Accomplishments

Program 1

WORKS TO IMPROVE HEALTH FOR ALL MAINE CITIZENS BY PROMOTING AFFORDABLE, SAFE AND COORDINATED HEALTHCARE, AND BY CREATING TRUST IN THE VALUE THAT HEALTH PLANS CONTRIBUTE TO THE HEATLHCARE SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $267,198

Program Service Revenue $0

Investment Income $4,818

Other Revenue $0

TOTAL REVENUE $272,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,920

Fundraising Expenses $0

Other Expenses $44,747

TOTAL EXPENSES $221,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,016	$267,340	+0.0%
Expenses	$221,667	$260,404	-0.1%
Net Income	$50,349	$6,936	+6.3%

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

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

$164,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE OSSENFORT	CHAIR	1.00	Officer Director	$0	$0	$0
MARK GALLAGHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL SPEIDELL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE COONEY	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN BOLES-WELSH	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LEWIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIEL DEMERITT	EXECUTIVE DIRECTOR	40.00	Officer	$155,016	$0	$155,016
KATHERINE PELLETREAU	EXECUTIVE DIRECTOR (FORMER)	40.00	Officer	$6,534	$2,786	$9,320

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	No data	No data	No data	No data
2023	$272,016	$221,667	$236,666	$50,349
2022	$267,340	$260,404	$189,139	$6,936
2021	$222,771	$203,050	$181,939	$19,721
2020	$223,167	$196,491	$168,831	$26,676
2019	$218,779	$191,701	$134,733	$27,078
2018	$178,264	$183,549	$147,902	$-5,285