Maine Life And Health Insurance Guaranty Association
Maine Life And Health Insurance Guaranty Association: Stable Operations, Limited Public Disclosure
EIN: 222656121 · South China, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $252K |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Maine Life And Health Insurance Guaranty Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Life And Health Insurance Guaranty Association
Maine Life And Health Insurance Guaranty Association (EIN: 222656121) is a nonprofit organization based in South China, ME. The organization reported total revenue of $4.0M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Life And Health Insurance Guaranty Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Life And Health Insurance Guaranty Association is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $722K |
| Total Expenses | $252K |
| Surplus / Deficit | +$470K |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | 65.1% |
| Months of Reserves | 65.7 months |
Financial Health Grade: A
In 2023, Maine Life And Health Insurance Guaranty Association reported a surplus of $470K with revenue exceeding expenses, holds 65.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Maine Life And Health Insurance Guaranty Association's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11101.9% | +7.0% | +51.6% |
| 2022 | -99.2% | -5.3% | -20.1% |
| 2021 | +22595.4% | +3.1% | +96.0% |
| 2020 | -99.2% | +3.9% | -29.0% |
| 2019 | +23334.6% | +0.8% | +37.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Life And Health Insurance Guaranty Association with a Mission Score of 65 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Maine Life And Health Insurance Guaranty Association allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $470K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it may be covered under administrative expenses or not separately disclosed in the available filings.
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 Life And Health Insurance Guaranty Association's IRS 990 filings:
- Lack of detailed program spending, with 100% of reported expenses consistently allocated to administration.
- Limited public information regarding specific activities beyond its statutory purpose.
- No clear breakdown of administrative costs, making it difficult to assess efficiency.
Strengths
The following positive indicators were identified for Maine Life And Health Insurance Guaranty Association:
- Consistent financial reporting over multiple years.
- Maintains a stable asset base, with assets of $4,813,089 reported in the most recent filing.
- Fulfills a critical statutory role in protecting insurance policyholders.
Frequently Asked Questions about Maine Life And Health Insurance Guaranty Association
Is Maine Life And Health Insurance Guaranty Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Life And Health Insurance Guaranty Association (EIN: 222656121) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Maine Life And Health Insurance Guaranty Association spend its money?
Detailed spending breakdown data is not yet available for Maine Life And Health Insurance Guaranty Association. Check back for updated IRS 990 analysis.
Are donations to Maine Life And Health Insurance Guaranty Association tax-deductible?
Maine Life And Health Insurance Guaranty Association is registered as a tax-exempt nonprofit (EIN: 222656121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Life And Health Insurance Guaranty Association located?
Maine Life And Health Insurance Guaranty Association is headquartered in South China, Maine and files with the IRS under EIN 222656121.
How many years of IRS 990 filings does Maine Life And Health Insurance Guaranty Association have?
Maine Life And Health Insurance Guaranty Association 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 $4.0M in total revenue.
What does Maine Life And Health Insurance Guaranty Association do?
Maine Life And Health Insurance Guaranty Association is a nonprofit organization in the Unknown sector, located in South China, Maine. It is classified under NTEE code Unknown.
How much revenue does Maine Life And Health Insurance Guaranty Association have?
Maine Life And Health Insurance Guaranty Association reported total revenue of $3,986,846. Based on 13 IRS 990 filings on record.
What are Maine Life And Health Insurance Guaranty Association's total assets?
Maine Life And Health Insurance Guaranty Association holds total assets of $4,813,089 as reported in IRS 990 filings.
Where is Maine Life And Health Insurance Guaranty Association located?
Maine Life And Health Insurance Guaranty Association is based in South China, Maine.
What is Maine Life And Health Insurance Guaranty Association's EIN?
Maine Life And Health Insurance Guaranty Association's Employer Identification Number (EIN) is 222656121. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maine Life And Health Insurance Guaranty Association?
Maine Life And Health Insurance Guaranty Association is classified under NTEE code Unknown (Unknown).
Is Maine Life And Health Insurance Guaranty Association a registered 501(c)(3)?
Maine Life And Health Insurance Guaranty Association appears in IRS records (EIN: 222656121). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Maine Life And Health Insurance Guaranty Association file IRS Form 990?
Yes, Maine Life And Health Insurance Guaranty Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Maine Life And Health Insurance Guaranty Association's revenue in 2023?
In the 202312 filing period, Maine Life And Health Insurance Guaranty Association reported total revenue of $721,962, total expenses of $251,946, and net assets of $1,380,235.
Is Maine Life And Health Insurance Guaranty Association's revenue growing or declining?
Maine Life And Health Insurance Guaranty Association's revenue is growing. Revenue went from $6,445 (202212) to $721,962 (202312), a +11101.9% change. Based on 13 filings on record.
What is Maine Life And Health Insurance Guaranty Association's most recent 990 filing?
The most recent IRS Form 990 filing for Maine Life And Health Insurance Guaranty Association covers tax period 202312. It shows revenue of $721,962, expenses of $251,946, total assets of $1,380,235, and liabilities of N/A.
Is Maine Life And Health Insurance Guaranty Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Maine Life And Health Insurance Guaranty Association shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Maine Life And Health Insurance Guaranty Association?
The following concerns were identified: Lack of detailed program spending, with 100% of reported expenses consistently allocated to administration.. Limited public information regarding specific activities beyond its statutory purpose.. No clear breakdown of administrative costs, making it difficult to assess efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maine Life And Health Insurance Guaranty Association's strengths?
Positive indicators for Maine Life And Health Insurance Guaranty Association include: Consistent financial reporting over multiple years.. Maintains a stable asset base, with assets of $4,813,089 reported in the most recent filing.. Fulfills a critical statutory role in protecting insurance policyholders.. These findings are derived from AI analysis of the organization's financial filings.
How does Maine Life And Health Insurance Guaranty Association compensate executives?
Executive compensation is not reported in the provided data, suggesting it may be covered under administrative expenses or not separately disclosed in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the organization's statutory purpose, how does it ensure efficient use of administrative funds without direct program spending?
As a guaranty association, its 'programs' are inherently administrative and regulatory. Efficiency would be measured by its ability to manage claims and maintain solvency with minimal overhead, rather than by traditional program delivery.
What are the implications of having 100% of reported expenses categorized as administrative for a nonprofit entity?
For a typical nonprofit, this would be a major red flag. However, for a guaranty association, this reflects its operational model where its core function (managing insolvencies, protecting policyholders) is inherently administrative and regulatory, not programmatic in the traditional sense.
Filing History
IRS 990 filing history for Maine Life And Health Insurance Guaranty Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Life And Health Insurance Guaranty Association's revenue has grown by 82.3%, moving from $396K to $722K. Total assets increased by 118.8% over the same period, from $631K to $1.4M. Total functional expenses rose by 21.6%, from $207K to $252K. In its most recent filing year (2023), Maine Life And Health Insurance Guaranty Association reported a surplus of $470K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $722K | $252K | $1.4M | $0 | — | View 990 |
| 2022 | $6K | $235K | $910K | $0 | — | View 990 |
| 2021 | $807K | $249K | $1.1M | $0 | — | View 990 |
| 2020 | $4K | $241K | $581K | $0 | — | — |
| 2019 | $456K | $232K | $819K | $0 | — | View 990 |
| 2018 | $2K | $230K | $595K | $0 | — | View 990 |
| 2017 | $1.0M | $765K | $824K | $0 | — | View 990 |
| 2016 | $386 | $206K | $584K | $0 | — | View 990 |
| 2015 | $436K | $215K | $790K | $0 | — | View 990 |
| 2014 | $40K | $203K | $568K | $0 | — | View 990 |
| 2013 | $1.8M | $1.5M | $731K | $0 | — | View 990 |
| 2012 | $1K | $221K | $411K | $0 | — | View 990 |
| 2011 | $396K | $207K | $631K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $722K, expenses of $252K, and assets of $1.4M (revenue +11101.9% year-over-year).
- 2022: Revenue of $6K, expenses of $235K, and assets of $910K (revenue -99.2% year-over-year).
- 2021: Revenue of $807K, expenses of $249K, and assets of $1.1M (revenue +22595.4% year-over-year).
- 2020: Revenue of $4K, expenses of $241K, and assets of $581K (revenue -99.2% year-over-year).
- 2019: Revenue of $456K, expenses of $232K, and assets of $819K (revenue +23334.6% year-over-year).
- 2018: Revenue of $2K, expenses of $230K, and assets of $595K (revenue -99.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $765K, and assets of $824K (revenue +260132.9% year-over-year).
- 2016: Revenue of $386, expenses of $206K, and assets of $584K (revenue -99.9% year-over-year).
- 2015: Revenue of $436K, expenses of $215K, and assets of $790K (revenue +1000.4% year-over-year).
- 2014: Revenue of $40K, expenses of $203K, and assets of $568K (revenue -97.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $731K (revenue +173278.8% year-over-year).
- 2012: Revenue of $1K, expenses of $221K, and assets of $411K (revenue -99.7% year-over-year).
- 2011: Revenue of $396K, expenses of $207K, and assets of $631K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Life And Health Insurance Guaranty Association:
Data Sources and Methodology
This transparency report for Maine Life And Health Insurance Guaranty Association 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.