Maine Council Of Self Insurers Inc
Maine Council Of Self Insurers Inc reports no current financial activity after years of stable, modest operations.
EIN: 10412221 · Augusta, ME · NTEE: Y21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $39K |
| Program Spending | 80% |
| Net Assets | $92K |
| Transparency Score | 75/100 |
Is Maine Council Of Self Insurers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Council Of Self Insurers Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Council Of Self Insurers Inc
Maine Council Of Self Insurers Inc (EIN: 10412221) is a nonprofit organization based in Augusta, ME, classified under NTEE code Y21Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Council Of Self Insurers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Council Of Self Insurers Inc is a micro nonprofit that has been operating for 37 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $39K |
| Surplus / Deficit | $-526 |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | -1.4% |
| Months of Reserves | 28.5 months |
Financial Health Grade: B
In 2016, Maine Council Of Self Insurers Inc reported a deficit of $526 with expenses exceeding revenue, holds 28.5 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Maine Council Of Self Insurers Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +13.0% | -15.2% | -0.6% |
| 2015 | -10.0% | +0.8% | -11.3% |
| 2014 | -14.9% | +2.8% | -6.9% |
| 2013 | -4.7% | -2.7% | +0.0% |
| 2012 | -13.6% | +11.0% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 Maine Council Of Self Insurers Inc 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: 80%
- fundraising: 0%
According to IRS 990 filings, Maine Council Of Self Insurers Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $526, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported across all six available filings, suggesting that executive leadership may be volunteer-based or compensated indirectly, which is positive for resource allocation in a small organization.
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 Maine Council Of Self Insurers Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or cessation of operations.
Strengths
The following positive indicators were identified for Maine Council Of Self Insurers Inc:
- Consistent historical financial stability with assets significantly exceeding liabilities (e.g., $92,037 assets and $0 liabilities in 2016).
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Regular IRS 990 filings demonstrate transparency.
- No reported liabilities in any of the available filings.
Frequently Asked Questions about Maine Council Of Self Insurers Inc
Is Maine Council Of Self Insurers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Council Of Self Insurers Inc (EIN: 10412221) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Maine Council Of Self Insurers Inc spend its money?
Maine Council Of Self Insurers Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Council Of Self Insurers Inc tax-deductible?
Maine Council Of Self Insurers Inc is registered as a tax-exempt nonprofit (EIN: 10412221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Council Of Self Insurers Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Council Of Self Insurers Inc is above average for NTEE category Y21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Council Of Self Insurers Inc located?
Maine Council Of Self Insurers Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10412221. It is classified under NTEE code Y21Z.
How many years of IRS 990 filings does Maine Council Of Self Insurers Inc have?
Maine Council Of Self Insurers Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of the Maine Council Of Self Insurers Inc, given its latest reported $0 revenue and assets?
The latest filing indicates no financial activity, suggesting the organization may be dormant or in the process of winding down, though historical data shows consistent operations.
How does the organization sustain itself without reported officer compensation?
The absence of reported officer compensation suggests that leadership may be volunteer-based, or compensation is minimal and falls below reporting thresholds, or is covered by other entities.
What are the primary expenses for an organization of this type, given its NTEE code Y21Z (Insurance & Related Activities)?
Typical expenses for such an organization would likely include administrative costs, professional fees, meeting expenses, and potentially advocacy or educational program costs related to self-insurance.
Filing History
IRS 990 filing history for Maine Council Of Self Insurers Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Maine Council Of Self Insurers Inc's revenue has declined by 28.7%, moving from $54K to $38K. Total assets decreased by 17.2% over the same period, from $111K to $92K. Total functional expenses fell by 5.1%, from $41K to $39K. In its most recent filing year (2016), Maine Council Of Self Insurers Inc reported a deficit of $526, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $38K | $39K | $92K | $0 | — | View 990 |
| 2015 | $34K | $46K | $93K | $0 | — | View 990 |
| 2014 | $38K | $45K | $104K | $0 | — | View 990 |
| 2013 | $44K | $44K | $112K | $0 | — | View 990 |
| 2012 | $46K | $45K | $112K | $0 | — | View 990 |
| 2011 | $54K | $41K | $111K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $38K, expenses of $39K, and assets of $92K (revenue +13.0% year-over-year).
- 2015: Revenue of $34K, expenses of $46K, and assets of $93K (revenue -10.0% year-over-year).
- 2014: Revenue of $38K, expenses of $45K, and assets of $104K (revenue -14.9% year-over-year).
- 2013: Revenue of $44K, expenses of $44K, and assets of $112K (revenue -4.7% year-over-year).
- 2012: Revenue of $46K, expenses of $45K, and assets of $112K (revenue -13.6% year-over-year).
- 2011: Revenue of $54K, expenses of $41K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Council Of Self Insurers Inc:
Data Sources and Methodology
This transparency report for Maine Council Of Self Insurers Inc 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.