Main Insurance Agents Assoc
Main Insurance Agents Assoc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10219810 · Hallowell, ME · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Main Insurance Agents Assoc is mapped to EIN 10219810.
IRS BMF exempt record needs review
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14 stored filing years available.
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Filing depth verified
14 stored filing years available.
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70% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $962K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Main Insurance Agents Assoc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Main Insurance Agents Assoc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Main Insurance Agents Assoc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $1.1M and expenses of $962K.
Revenue and Expenses
Main Insurance Agents Assoc reported $1.1M in revenue and $962K in expenses, a surplus of $132K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Main Insurance Agents Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $673K (70%) |
Across stored filings, Main Insurance Agents Assoc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
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Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
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Hallowell, ME nonprofitsFollow the Money
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2Understand money
70% of spending goes to programs.
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Alternative Shopping
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Main Insurance Agents Assoc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Main Insurance Agents Assoc
Main Insurance Agents Assoc (EIN: 10219810) is a nonprofit organization based in Hallowell, ME. The organization reported total revenue of $1.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Insurance Agents Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Insurance Agents Assoc is a mid-size nonprofit that has been operating for 71 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $962K |
| Surplus / Deficit | +$132K |
| Total Assets | $1.2M |
| Total Liabilities | $54K |
| Net Assets | $1.1M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2024, Main Insurance Agents Assoc reported a surplus of $132K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Main Insurance Agents Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.4% | +1.1% | +17.2% |
| 2023 | +2.5% | +7.7% | +4.6% |
| 2022 | +6.8% | +1.2% | -6.3% |
| 2021 | +15.0% | +16.1% | +10.4% |
| 2020 | -9.4% | -10.1% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
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 Main Insurance Agents Assoc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Main Insurance Agents Assoc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $132K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $1 million in annual revenue. This could indicate a volunteer-led executive team or that executive compensation is categorized differently, which impacts transparency.
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 Main Insurance Agents Assoc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if it's categorized elsewhere.
- NTEE Code is unknown, which limits understanding of its specific mission and peer group for comparison.
Strengths
The following positive indicators were identified for Main Insurance Agents Assoc:
- Consistent revenue growth, increasing from $757,209 in 2015 to $1,187,508 in the latest period.
- Strong asset growth, from $697,541 in 2015 to $1,234,591 currently, indicating financial stability.
- Maintains a positive net income consistently, with revenue exceeding expenses in all reported periods.
- Relatively low liabilities compared to assets, suggesting good financial management and solvency.
Frequently Asked Questions about Main Insurance Agents Assoc
Is Main Insurance Agents Assoc a legitimate charity?
Main Insurance Agents Assoc (EIN: 10219810) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Main Insurance Agents Assoc spend its money?
Main Insurance Agents Assoc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Main Insurance Agents Assoc tax-deductible?
Main Insurance Agents Assoc is registered as a tax-exempt nonprofit (EIN: 10219810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Main Insurance Agents Assoc CEO make?
Main Insurance Agents Assoc's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Main Insurance Agents Assoc's spending goes to programs?
Main Insurance Agents Assoc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Main Insurance Agents Assoc located?
Main Insurance Agents Assoc is headquartered in Hallowell, Maine and files with the IRS under EIN 10219810.
How many years of IRS 990 filings does Main Insurance Agents Assoc have?
Main Insurance Agents Assoc has 14 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 $1.2M in total revenue.
Is Main Insurance Agents Assoc a good charity?
Based on the provided financial data, Main Insurance Agents Assoc demonstrates strong financial health with consistent revenue growth and asset accumulation. However, without detailed program spending ratios and clarity on executive compensation, a full assessment of its charitable effectiveness is limited.
How has the organization's revenue grown over time?
Main Insurance Agents Assoc has shown consistent revenue growth, increasing from $757,209 in 2015 to $1,187,508 in the latest period, representing a significant increase over the decade.
What is the trend in the organization's assets?
The organization's assets have steadily grown from $697,541 in 2015 to $1,234,591 in the latest period, indicating financial stability and accumulation of resources.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It suggests either a volunteer executive leadership or that compensation is reported under other expense categories, which would require further investigation for complete transparency.
Filing History
IRS 990 filing history for Main Insurance Agents Assoc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Main Insurance Agents Assoc's revenue has grown by 53.9%, moving from $710K to $1.1M. Total assets increased by 94% over the same period, from $596K to $1.2M. Total functional expenses rose by 32.2%, from $728K to $962K. In its most recent filing year (2024), Main Insurance Agents Assoc reported a surplus of $132K, with revenue exceeding expenses. The organization holds $54K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $962K | $1.2M | $54K | — | View 990 |
| 2023 | $964K | $951K | $988K | $99K | — | View 990 |
| 2022 | $941K | $883K | $945K | $83K | — | View 990 |
| 2021 | $881K | $873K | $1.0M | $116K | — | View 990 |
| 2020 | $766K | $751K | $913K | $93K | — | View 990 |
| 2019 | $846K | $836K | $838K | $44K | — | View 990 |
| 2018 | $854K | $822K | $807K | $26K | — | View 990 |
| 2017 | $825K | $788K | $797K | $59K | — | View 990 |
| 2016 | $792K | $763K | $722K | $26K | — | View 990 |
| 2015 | $757K | $738K | $698K | $39K | — | View 990 |
| 2014 | $732K | $738K | $684K | $20K | — | View 990 |
| 2013 | $779K | $765K | $666K | $14K | — | View 990 |
| 2012 | $757K | $716K | $638K | $17K | — | View 990 |
| 2011 | $710K | $728K | $596K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $962K, and assets of $1.2M (revenue +13.4% year-over-year).
- 2023: Revenue of $964K, expenses of $951K, and assets of $988K (revenue +2.5% year-over-year).
- 2022: Revenue of $941K, expenses of $883K, and assets of $945K (revenue +6.8% year-over-year).
- 2021: Revenue of $881K, expenses of $873K, and assets of $1.0M (revenue +15.0% year-over-year).
- 2020: Revenue of $766K, expenses of $751K, and assets of $913K (revenue -9.4% year-over-year).
- 2019: Revenue of $846K, expenses of $836K, and assets of $838K (revenue -0.9% year-over-year).
- 2018: Revenue of $854K, expenses of $822K, and assets of $807K (revenue +3.5% year-over-year).
- 2017: Revenue of $825K, expenses of $788K, and assets of $797K (revenue +4.1% year-over-year).
- 2016: Revenue of $792K, expenses of $763K, and assets of $722K (revenue +4.7% year-over-year).
- 2015: Revenue of $757K, expenses of $738K, and assets of $698K (revenue +3.4% year-over-year).
- 2014: Revenue of $732K, expenses of $738K, and assets of $684K (revenue -6.0% year-over-year).
- 2013: Revenue of $779K, expenses of $765K, and assets of $666K (revenue +3.0% year-over-year).
- 2012: Revenue of $757K, expenses of $716K, and assets of $638K (revenue +6.6% year-over-year).
- 2011: Revenue of $710K, expenses of $728K, and assets of $596K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Insurance Agents Assoc:
Data Sources and Methodology
This transparency report for Main Insurance Agents Assoc 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.