Maine State Employees Assoc Income Protection Plan & Trust Agreement
501(c)(9)
Only null% goes to programs Strong reserves
Maine State Employees Assoc Income Protection Plan & Trust Agreement is a 501(c)(9) organization based in Augusta, Maine, registered in 1985, with $2,019,804 in FY2024 revenue. CharityIndex grades it B.
5 Community Drive, Augusta, ME, 04330 EIN 22-2553196 Since 1985
Revenue (FY2024)
$2.0M
▲ 14.1% vs prior year
Expenses (FY2024)
$1.8M
Net assets
$7.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Maine State Employees Assoc Income Protection Plan & Trust Agreement— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating53 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Maine State Employees Assoc Income Protection Plan & Trust Agreement: 53 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Maine State Employees Assoc Income Protection Plan & Trust Agreement— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Maine State Employees Assoc Income Protection Plan & Trust Agreement: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $2.1M (FY2013) to $2.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $637KNet assets $7.9M
Operating margin
10.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.5M
Total liabilities
$637K
Net assets
$7.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,019,804▲14.1% | $1,805,038▲13.2% | $7,900,156▲6.1% | $8,537,165▲4.5% | 990 |
| 2023 | $1,769,514▲2.2% | $1,594,438▼16.5% | $7,442,505▲4.8% | $8,172,258▲9.2% | 990 |
| 2022 | $1,730,669▼1.6% | $1,909,222▲6.4% | $7,102,587▼2.8% | $7,481,111▲0.4% | 990 |
| 2021 | $1,759,021▼9.4% | $1,794,692▲1.5% | $7,309,839▼8.3% | $7,450,893▼7.7% | 990 |
| 2020 | $1,941,840▲3.8% | $1,768,040▼5.6% | $7,973,342▲9.5% | $8,070,829▲9.2% | 990 |
| 2018 | $1,871,217▼6.2% | $1,873,351▲3.7% | $7,284,566▲3.6% | $7,393,894▲3.5% | 990 |
| 2017 | $1,995,521▼8.7% | $1,805,908▼10.4% | $7,033,822▲1.7% | $7,145,999▲1.9% | 990 |
| 2016 | $2,186,704▼1.4% | $2,015,965▼7.7% | $6,913,994▲1.9% | $7,012,241▲2.0% | 990 |
| 2015 | $2,217,037▼4.2% | $2,183,342▲20.8% | $6,787,136▲1.1% | $6,873,873▲1.3% | 990 |
| 2014 | $2,314,763▲8.4% | $1,806,885▼4.6% | $6,713,491▲7.5% | $6,785,608▲7.1% | 990 |
| 2013 | $2,134,621 | $1,894,591▼6.5% | $6,246,459▲3.1% | $6,333,334▲3.0% | 990 |
| 2012 | — | $2,026,514▼7.5% | $6,057,716▲1.0% | $6,151,606▲1.4% | 990 |
| 2011 | — | $2,190,847▲0.5% | $5,999,863▲3.5% | $6,064,425▲3.3% | 990 |
| 2010 | — | $2,180,896 | $5,797,888 | $5,870,477 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Maine State Employees Assoc Income Protection Plan & Trust Agreement a legitimate nonprofit?
- Yes. Maine State Employees Assoc Income Protection Plan & Trust Agreement is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-2553196, based in Augusta, Maine.
- What is Maine State Employees Assoc Income Protection Plan & Trust Agreement's EIN?
- Maine State Employees Assoc Income Protection Plan & Trust Agreement's Employer Identification Number (EIN) is 22-2553196.
- How much revenue does Maine State Employees Assoc Income Protection Plan & Trust Agreement report?
- Maine State Employees Assoc Income Protection Plan & Trust Agreement reported $2,019,804 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Maine State Employees Assoc Income Protection Plan & Trust Agreement have?
- CharityIndex grades Maine State Employees Assoc Income Protection Plan & Trust Agreement B, based on financial health (reserves and operating margin).
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Data for Maine State Employees Assoc Income Protection Plan & Trust Agreement (EIN 22-2553196) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.