MAINE SERVICE EMPLOYEES ASSOCIATION INCOME PROTECTION PLAN & TRUST (EIN 222553196) - 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

1988

Legal Domicile

Principal Officer

RAMONA WELTON

Phone

2076223151

Tax Period

2024-07-01 to 2025-06-30

MAINE SERVICE EMPLOYEES ASSOCIATION INCOME PROTECTION PLAN & TRUST, founded in 1988, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 11% surplus.

Mission

TO PROVIDE MEMBERS OF THE MAINE SERVICE EMPLOYEES ASSOCIATION WITH INCOME PROTECTION BENEFITS.

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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 $1,734,145

Investment Income $285,659

Other Revenue $0

TOTAL REVENUE $2,019,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $447,812

TOTAL EXPENSES $1,805,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,019,804	$1,769,514	+0.1%
Expenses	$1,805,038	$1,594,438	+0.1%
Net Income	$214,766	$175,076	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISSY CHAPUT	VEBA COMMITTEE	1.00	Director	$0	$0	$0
MARY-ANNE MACARTHUR	VEBA COMMITTEE	1.00	Director	$0	$0	$0
LUC NYA	VEBA COMMITTEE	1.00	Director	$0	$0	$0
BONNIE RICHARDS	VEBA COMMITTEE	1.00	Director	$0	$0	$0
RACHEL SHERMAN	VEBA COMMITTEE	1.00	Director	$0	$0	$0
DOUGLAS WINTERICH	VEBA COMMITTEE	1.00	Director	$0	$0	$0
RAMONA WELTON	VEBA COMMITTEE CHAIR	1.00	Officer	$0	$0	$0
JESSICA POMERLEAU	VEBA COMMITTEE VICE CHAIR	1.00	Officer	$0	$0	$0
JAMES WILLIS	VEBA COMMITTEE/SEC. TREASURER	1.00	Officer	$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
2025	$2,019,804	$1,805,038	$8,537,165	$214,766
2024	$1,769,514	$1,594,438	$8,172,258	$175,076
2023	$1,730,669	$1,909,222	$7,481,111	$-178,553
2022	$1,759,021	$1,794,692	$7,450,893	$-35,671
2021	$1,941,840	$1,768,040	$8,070,829	$173,800
2019	$1,871,217	$1,873,351	$7,393,894	$-2,134
2018	$1,995,521	$1,805,908	$7,145,999	$189,613

MAINE SERVICE EMPLOYEES ASSOCIATION INCOME PROTECTION PLAN & TRUST