MAINE STATE TROOPERS ASSOCIATION B… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

DAVID POWSER

Phone

2076222277

Tax Period

2023-01-01 to 2023-12-31

MAINE STATE TROOPERS ASSOCIATION BENEFITS TRUST, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $148K in total revenue in fiscal year 2023. Expenses of $192K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFITS TO ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

PROVIDED SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFIT COVERAGE TO APPROXIMATELY 328 PARTICIPATING MEMBERS. PAID OUT APPROXIMATELY 147,342 IN WEEKLY BENEFITS FOR PARTICIPATING MEMBERS UNABLE TO...

PROVIDED SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFIT COVERAGE TO APPROXIMATELY 328 PARTICIPATING MEMBERS. PAID OUT APPROXIMATELY 147,342 IN WEEKLY BENEFITS FOR PARTICIPATING MEMBERS UNABLE TO WORK DUE TO ELIGIBLE ILLNESS OR INJURY.

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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 $0

Program Service Revenue $124,848

Investment Income $22,850

Other Revenue $0

TOTAL REVENUE $147,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,599

TOTAL EXPENSES $191,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,698	$141,011	+0.0%
Expenses	$191,886	$188,530	+0.0%
Net Income	$-44,188	$-47,519	-0.1%

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
DAVID POWSER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ADAM FILLEBROWN	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH BUREAU	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
DESIREE HURD	TRUSTEE	1.00	Director	$0	$0	$0
KRISTOPHER KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
MARC POULIN	TRUSTEE	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$147,698	$191,886	$688,154	$-44,188
2022	$141,011	$188,530	$681,804	$-47,519
2021	$158,411	$120,104	$795,224	$38,307
2020	$153,995	$169,550	$721,131	$-15,555
2019	$150,429	$98,657	$710,682	$51,772
2018	$163,692	$175,361	$594,127	$-11,669

MAINE STATE TROOPERS ASSOCIATION BENEFITS TRUST