Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr
Maine Public Employer Health Insurance Trust experiences a $6 million deficit in 2023 after years of revenue growth.
EIN: 10382676 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $213.4M |
| Total Expenses | $204.8M |
| Program Spending | 95% |
| Net Assets | $90.8M |
| Transparency Score | 85/100 |
Is Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr (EIN: 10382676) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $213.4M and total assets of $120.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr is a major nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198.6M |
| Total Expenses | $204.8M |
| Surplus / Deficit | $-6,167,720 |
| Total Assets | $114.0M |
| Total Liabilities | $23.2M |
| Net Assets | $90.8M |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr reported a deficit of $6.2M with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +14.2% | -3.1% |
| 2022 | +4.0% | +4.9% | +0.7% |
| 2021 | +0.1% | +8.4% | +5.8% |
| 2020 | +6.3% | -0.6% | +28.2% |
| 2019 | +4.5% | +4.4% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that either no compensation is paid to officers, or it is categorized differently, which enhances transparency regarding direct executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr's IRS 990 filings:
- Expenses exceeded revenue by over $6 million in the latest 2023 filing, a notable shift from prior years' financial performance.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr:
- Consistent asset growth, from $60 million in 2014 to $114 million in 2023, indicating strong financial management and reserve building.
- Consistent reporting of 0% officer compensation, suggesting transparency regarding executive pay or a unique compensation structure.
- Long and consistent IRS 990 filing history (13 filings), demonstrating regulatory compliance and transparency over time.
- Substantial and growing revenue base, indicating a large and stable operational scale.
Frequently Asked Questions about Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr
Is Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr (EIN: 10382676) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr spend its money?
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr tax-deductible?
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr is registered as a tax-exempt nonprofit (EIN: 10382676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr's spending goes to programs?
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr located?
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr is headquartered in Augusta, Maine and files with the IRS under EIN 10382676.
How many years of IRS 990 filings does Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr have?
Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $213.4M in total revenue.
Why did expenses exceed revenue by over $6 million in 2023?
The 2023 filing shows expenses of $204,761,655 against revenues of $198,593,935, a deficit of $6,167,720. This is a significant change from previous years where revenue generally exceeded expenses or was closely balanced, and warrants further investigation into the specific cost drivers or strategic financial decisions made in that period.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. As a health insurance trust, it is assumed that the vast majority of expenses are direct benefit payments (programmatic), but without specific figures, a precise assessment of spending efficiency is limited.
How does the organization manage its liabilities, which have grown significantly?
Liabilities have increased from $13,305,941 in 2014 to $23,172,138 in 2023. While assets have grown proportionally, understanding the nature of these liabilities (e.g., claims payable, reserves) is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr's revenue has grown by 65.1%, moving from $120.3M to $198.6M. Total assets increased by 87.3% over the same period, from $60.9M to $114.0M. Total functional expenses rose by 69.9%, from $120.5M to $204.8M. In its most recent filing year (2023), Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr reported a deficit of $6.2M, with expenses exceeding revenue. The organization holds $23.2M in liabilities against $114.0M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $90.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198.6M | $204.8M | $114.0M | $23.2M | — | View 990 |
| 2022 | $184.7M | $179.3M | $117.7M | $22.2M | — | — |
| 2021 | $177.6M | $170.9M | $116.9M | $20.1M | — | View 990 |
| 2020 | $177.4M | $157.6M | $110.5M | $18.9M | — | — |
| 2019 | $166.8M | $158.6M | $86.2M | $15.6M | — | View 990 |
| 2018 | $159.6M | $152.0M | $76.2M | $15.1M | — | View 990 |
| 2017 | $152.8M | $144.3M | $67.2M | $13.4M | — | View 990 |
| 2016 | $141.0M | $139.2M | $58.8M | $13.3M | — | View 990 |
| 2015 | $135.4M | $138.5M | $56.3M | $12.5M | — | View 990 |
| 2014 | $130.5M | $133.8M | $60.0M | $13.3M | — | View 990 |
| 2013 | $127.6M | $125.7M | $64.4M | $15.2M | — | View 990 |
| 2012 | $121.5M | $120.7M | $61.9M | $13.8M | — | View 990 |
| 2011 | $120.3M | $120.5M | $60.9M | $13.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198.6M, expenses of $204.8M, and assets of $114.0M (revenue +7.5% year-over-year).
- 2022: Revenue of $184.7M, expenses of $179.3M, and assets of $117.7M (revenue +4.0% year-over-year).
- 2021: Revenue of $177.6M, expenses of $170.9M, and assets of $116.9M (revenue +0.1% year-over-year).
- 2020: Revenue of $177.4M, expenses of $157.6M, and assets of $110.5M (revenue +6.3% year-over-year).
- 2019: Revenue of $166.8M, expenses of $158.6M, and assets of $86.2M (revenue +4.5% year-over-year).
- 2018: Revenue of $159.6M, expenses of $152.0M, and assets of $76.2M (revenue +4.5% year-over-year).
- 2017: Revenue of $152.8M, expenses of $144.3M, and assets of $67.2M (revenue +8.3% year-over-year).
- 2016: Revenue of $141.0M, expenses of $139.2M, and assets of $58.8M (revenue +4.1% year-over-year).
- 2015: Revenue of $135.4M, expenses of $138.5M, and assets of $56.3M (revenue +3.8% year-over-year).
- 2014: Revenue of $130.5M, expenses of $133.8M, and assets of $60.0M (revenue +2.2% year-over-year).
- 2013: Revenue of $127.6M, expenses of $125.7M, and assets of $64.4M (revenue +5.1% year-over-year).
- 2012: Revenue of $121.5M, expenses of $120.7M, and assets of $61.9M (revenue +1.0% year-over-year).
- 2011: Revenue of $120.3M, expenses of $120.5M, and assets of $60.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr:
Data Sources and Methodology
This transparency report for Employees Of Municipal & Other Pub Lic Employers Of Me Health Ins Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.