Maine Financial Institutions Employee Ben Tr
Maine Financial Institutions Employee Ben Tr consistently manages over $30M in annual revenue with no reported officer compensation.
EIN: 16133041 · Westbrook, ME · NTEE: Y43 · Updated: 2026-03-28
Source Check Matrix
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Maine Financial Institutions Employee Ben Tr is mapped to EIN 16133041.
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13 stored filing years available.
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13 stored filing years available.
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13 stored filing years plus ProPublica source
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $35.0M |
| Total Expenses | $37.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $10.7M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Maine Financial Institutions Employee Ben Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals
Maine Financial Institutions Employee Ben Tr 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 Maine Financial Institutions Employee Ben Tr in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $34.8M and expenses of $37.3M.
Revenue and Expenses
Maine Financial Institutions Employee Ben Tr reported $34.8M in revenue and $37.3M in expenses, a deficit of $2.5M.
Executive Compensation
Top officer compensation appears as $30 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Maine Financial Institutions Employee Ben Tr 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 | $33.5M (90%) |
Across stored filings, Maine Financial Institutions Employee Ben Tr shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category Y context |
Trust Check
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Westbrook, ME nonprofitsCategory Y in Maine
Mutual Benefit in Maine
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Maine Financial Institutions Employee Ben Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Financial Institutions Employee Ben Tr
Maine Financial Institutions Employee Ben Tr (EIN: 16133041) is a nonprofit organization based in Westbrook, ME, classified under NTEE code Y43. The organization reported total revenue of $35.0M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Financial Institutions Employee Ben Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Financial Institutions Employee Ben Tr is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.8M |
| Total Expenses | $37.3M |
| Surplus / Deficit | $-2,450,512 |
| Total Assets | $12.6M |
| Total Liabilities | $1.9M |
| Net Assets | $10.7M |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Maine Financial Institutions Employee Ben Tr reported a deficit of $2.5M with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Financial Institutions Employee Ben Tr's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +18.5% | -12.8% |
| 2022 | -2.0% | +7.3% | -5.9% |
| 2021 | +7.1% | +11.9% | +11.7% |
| 2020 | +4.6% | -8.8% | +27.2% |
| 2019 | -19.6% | -16.4% | -14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Financial Institutions Employee Ben Tr with a Mission Score of 90 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Maine Financial Institutions Employee Ben Tr allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers receive no compensation directly from the organization, which is highly unusual for an entity managing over $30 million in annual revenue and suggests strong fiscal discipline or alternative compensation structures not captured here.
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 Financial Institutions Employee Ben Tr's IRS 990 filings:
- Occasional operational deficits (e.g., 202312 expenses exceeded revenue by $2.45M)
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided summary data makes efficiency analysis challenging
Strengths
The following positive indicators were identified for Maine Financial Institutions Employee Ben Tr:
- Consistent high revenue generation (over $30M annually for most years)
- Strong asset base consistently exceeding liabilities (e.g., $12.5M assets vs. $1.9M liabilities in 202312)
- 0% reported officer compensation across all filings, indicating high efficiency or alternative compensation structures
- Long history of consistent financial operations (13 filings provided)
Frequently Asked Questions about Maine Financial Institutions Employee Ben Tr
Is Maine Financial Institutions Employee Ben Tr a legitimate charity?
Maine Financial Institutions Employee Ben Tr (EIN: 16133041) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $35.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Maine Financial Institutions Employee Ben Tr spend its money?
Maine Financial Institutions Employee Ben Tr directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Maine Financial Institutions Employee Ben Tr tax-deductible?
Maine Financial Institutions Employee Ben Tr is registered as a tax-exempt nonprofit (EIN: 16133041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Financial Institutions Employee Ben Tr CEO make?
Maine Financial Institutions Employee Ben Tr's highest-compensated officer earns $30 annually. The organization reported $35.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Financial Institutions Employee Ben Tr's spending goes to programs?
Maine Financial Institutions Employee Ben Tr directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Financial Institutions Employee Ben Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Maine Financial Institutions Employee Ben Tr is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Financial Institutions Employee Ben Tr located?
Maine Financial Institutions Employee Ben Tr is headquartered in Westbrook, Maine and files with the IRS under EIN 16133041. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Maine Financial Institutions Employee Ben Tr have?
Maine Financial Institutions Employee Ben 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 $35.0M in total revenue.
Is Maine Financial Institutions Employee Ben Tr a good charity?
Based on the provided data, the organization appears to be a well-managed entity with consistent financial operations and a strong balance sheet. The reported 0% officer compensation is a significant positive indicator of efficient resource allocation and transparency. Its primary function as an employee benefit trust means its 'charitable' impact is directly tied to providing benefits to employees of financial institutions.
How does the organization manage its liabilities?
The organization consistently maintains assets significantly higher than its liabilities. For example, in 202312, assets were $12,584,943 against liabilities of $1,934,623, demonstrating a strong capacity to cover its obligations.
What is the trend in the organization's financial health?
Over the past decade, the organization has consistently managed revenues and expenses in the range of $27M-$37M. While there are occasional operational deficits (e.g., 202312 with expenses exceeding revenue by $2.45M), its asset base has remained robust, indicating overall financial stability and resilience.
Filing History
IRS 990 filing history for Maine Financial Institutions Employee Ben Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Financial Institutions Employee Ben Tr's revenue has grown by 36.5%, moving from $25.5M to $34.8M. Total assets increased by 159.9% over the same period, from $4.8M to $12.6M. Total functional expenses rose by 47.9%, from $25.2M to $37.3M. In its most recent filing year (2023), Maine Financial Institutions Employee Ben Tr reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $12.6M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.8M | $37.3M | $12.6M | $1.9M | — | View 990 |
| 2022 | $30.6M | $31.5M | $14.4M | $1.3M | — | View 990 |
| 2021 | $31.2M | $29.3M | $15.3M | $1.4M | — | View 990 |
| 2020 | $29.1M | $26.2M | $13.7M | $1.7M | — | View 990 |
| 2019 | $27.9M | $28.7M | $10.8M | $1.7M | — | View 990 |
| 2018 | $34.6M | $34.3M | $12.6M | $2.6M | — | View 990 |
| 2017 | $33.1M | $32.0M | $11.9M | $2.3M | — | View 990 |
| 2016 | $30.8M | $29.9M | $10.8M | $2.3M | — | View 990 |
| 2015 | $29.8M | $27.4M | $9.3M | $1.7M | — | View 990 |
| 2014 | $31.0M | $29.9M | $5.3M | $141K | — | View 990 |
| 2013 | $28.4M | $29.0M | $6.1M | $2.0M | — | View 990 |
| 2012 | $28.5M | $26.7M | $6.7M | $2.0M | — | View 990 |
| 2011 | $25.5M | $25.2M | $4.8M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.8M, expenses of $37.3M, and assets of $12.6M (revenue +13.7% year-over-year).
- 2022: Revenue of $30.6M, expenses of $31.5M, and assets of $14.4M (revenue -2.0% year-over-year).
- 2021: Revenue of $31.2M, expenses of $29.3M, and assets of $15.3M (revenue +7.1% year-over-year).
- 2020: Revenue of $29.1M, expenses of $26.2M, and assets of $13.7M (revenue +4.6% year-over-year).
- 2019: Revenue of $27.9M, expenses of $28.7M, and assets of $10.8M (revenue -19.6% year-over-year).
- 2018: Revenue of $34.6M, expenses of $34.3M, and assets of $12.6M (revenue +4.6% year-over-year).
- 2017: Revenue of $33.1M, expenses of $32.0M, and assets of $11.9M (revenue +7.5% year-over-year).
- 2016: Revenue of $30.8M, expenses of $29.9M, and assets of $10.8M (revenue +3.5% year-over-year).
- 2015: Revenue of $29.8M, expenses of $27.4M, and assets of $9.3M (revenue -4.0% year-over-year).
- 2014: Revenue of $31.0M, expenses of $29.9M, and assets of $5.3M (revenue +9.3% year-over-year).
- 2013: Revenue of $28.4M, expenses of $29.0M, and assets of $6.1M (revenue -0.3% year-over-year).
- 2012: Revenue of $28.5M, expenses of $26.7M, and assets of $6.7M (revenue +11.6% year-over-year).
- 2011: Revenue of $25.5M, expenses of $25.2M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Financial Institutions Employee Ben Tr:
Data Sources and Methodology
This transparency report for Maine Financial Institutions Employee Ben 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.