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Maine Guaranteed Access Reinsurance Association

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Health — General and Rehabilitative / Health, General and Financing (NTEE)

Donations to this organization are not tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending Dec. 2023 identified:

Significant deficiency in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency is less severe than a material weakness but warrants attention from management.

Summary charts: organization finances over time

Revenue
$94.9M (2023)

Expenses
$123M (2023)

Total Assets
$98.6M (2023)

Total Liabilities
$62M (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,901,712
Expenses
$122,907,117
Net Income
-$28,005,405
Net Assets
$36,619,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,478,674
66.9%
Program Services $28,889,529
30.4%
Investment Income $2,503,725
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $29,784
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $98,613,951
Total Liabilities $61,994,173
Net Assets $36,619,778
Compensation
Key Employees and Officers Compensation Related Other
Jolan F Ippolito (Chair) $0 $0 $0
David Reagan (Treasurer (From 09/2023)) $0 $0 $0
Bill Whitmore (Treasurer (Left 09/2023)) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
James Lyon (Director) $0 $0 $0
Ben Johnston (Director) $0 $0 $0
Ellen Schneiter (Director) $0 $0 $0
Terry Brann (Director) $0 $0 $0
Eric Jermyn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,938,407
Expenses
$93,959,932
Net Income
-$19,021,525
Net Assets
$63,031,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,754,627
58.4%
Program Services $29,068,441
38.8%
Investment Income $2,115,339
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $108,620,526
Total Liabilities $45,588,924
Net Assets $63,031,602
Compensation
Key Employees and Officers Compensation Related Other
Jolan F Ippolito (Chair) $0 $0 $0
Bill Whitmore (Treasurer (From 04/2022)) $0 $0 $0
Dana C Kempton (Treasurer (Thru 04/2022)) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
James Lyon (Director) $0 $0 $0
Ben Johnston (Director) $0 $0 $0
Ellen Schneiter (Director) $0 $0 $0
Terry Brann (Director (From 04/2022)) $0 $0 $0
Eric Jermyn (Director (From 04/2022)) $0 $0 $0
Geoffrey Shannon (Director (Thru 03/2022)) $0 $0 $0
Joel Allumbaugh (Director (Thru 04/2022)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$103,548,873
Expenses
$71,737,354
Net Income
$31,811,519
Net Assets
$84,665,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,315,869
38.0%
Program Services $61,506,763
59.4%
Investment Income $2,726,241
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $111,387,710
Total Liabilities $26,722,608
Net Assets $84,665,102
Compensation
Key Employees and Officers Compensation Related Other
Jolan F Ippolito (Chair) $0 $0 $0
Dana C Kempton (Treasurer) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
James Lyon (Director) $0 $0 $0
Geoffrey Shannon (Director (From 04/2021)) $0 $0 $0
Ben Johnston (Director) $0 $0 $0
Ellen Schneiter (Director) $0 $0 $0
Bill Whitmore (Director) $0 $0 $0
Marybeth Liang (Director (Left 02/2021)) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$96,950,323
Expenses
$70,257,159
Net Income
$26,693,164
Net Assets
$56,017,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,291,971
27.1%
Program Services $69,612,853
71.8%
Investment Income $1,022,610
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,889
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $86,020,616
Total Liabilities $30,003,322
Net Assets $56,017,294
Compensation
Key Employees and Officers Compensation Related Other
Jolan F Ippolito (Chair) $0 $0 $0
Dana C Kempton (Treasurer) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
James Lyon (Director) $0 $0 $0
Marybeth Liang (Director) $0 $0 $0
Daniel Rachfalski (Director (Left 09/2020)) $0 $0 $0
Ben Johnston (Director) $0 $0 $0
Ellen Schneiter (Director) $0 $0 $0
Bill Whitmore From 102020 (Director) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,643,917
Expenses
$106,418,865
Net Income
$25,225,052
Net Assets
$29,890,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,298,300
47.3%
Program Services $69,075,307
52.5%
Investment Income $321,884
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$51,574
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,477,258
Total Liabilities $39,586,560
Net Assets $29,890,698
Compensation
Key Employees and Officers Compensation Related Other
Jolan F Ippolito (Chair) $0 $0 $0
Dana C Kempton (Treasurer) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William Whitmore Thru 4262019 (Director) $0 $0 $0
Ed Kane Thru 2142019 (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
James Lyon (Director) $0 $0 $0
Marybeth Liang From 2252019 (Director) $0 $0 $0
Daniel Rachfalski From 492019 (Director) $0 $0 $0
Ben Johnston From 6102019 (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,732
Expenses
$464,295
Net Income
-$376,563
Net Assets
$4,665,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $98,641
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,909
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,687,939
Total Liabilities $22,293
Net Assets $4,665,646
Compensation
Key Employees and Officers Compensation Related Other
Jolan Ippolito (Chair) $0 $0 $0
Dana Kempton (Treasurer) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William M Whitmore (Director) $0 $0 $0
Jennifer Juke (Director) $0 $0 $0
Edward J Kane (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
James Koelbl (Director Until 10/18/2018) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0
Jim Lyon (Director As Of 4/25/2018) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,806
Expenses
$439,607
Net Income
-$397,801
Net Assets
$5,042,209
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $100,375
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$58,569
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,099,362
Total Liabilities $57,153
Net Assets $5,042,209
Compensation
Key Employees and Officers Compensation Related Other
Jolan Ippolito (Chair) $0 $0 $0
Dana Kempton (Treasurer) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William M Whitmore (Director) $0 $0 $0
Jennifer Juke (Director) $0 $0 $0
Edward J Kane (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
James Koelbl (Director) $0 $0 $0
Bruce Nicholson (Director) $0 $0 $0
Kevin Lewis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$462,947
Expenses
$212,499
Net Income
$250,448
Net Assets
$5,440,010
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $427,785
92.4%
Investment Income $76,486
16.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$41,324
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,441,025
Total Liabilities $1,015
Net Assets $5,440,010
Compensation
Key Employees and Officers Compensation Related Other
Jolan Ippolito (Chair) $0 $0 $0
Scott Davis (Treasurer) $0 $0 $0
Christopher Ward (Secretary/Clerk) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Dana Kempton (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William M Whitmore (Director) $0 $0 $0
Jennifer Juke (Director) $0 $0 $0
Edward J Kane (Director) $0 $0 $0
Christopher Roach (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,615
Expenses
$171,537
Net Income
-$121,922
Net Assets
$5,189,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,822
37.9%
Investment Income $49,189
99.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$18,396
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,193,531
Total Liabilities $3,969
Net Assets $5,189,562
Compensation
Key Employees and Officers Compensation Related Other
Jolan Ippolito (Chair) $0 $0 $0
Scott Davis (Tresurer/Director) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Dana Kempton (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William M Whitmore (Director) $0 $0 $0
Jennifer Juke (Director) $0 $0 $0
Edward J Kane (Director) $0 $0 $0
Christopher Roach (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,123,557
Expenses
$4,958,729
Net Income
$4,164,828
Net Assets
$5,311,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,091,568
99.6%
Investment Income $40,703
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,714
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,219,913
Total Liabilities $908,429
Net Assets $5,311,484
Compensation
Key Employees and Officers Compensation Related Other
Jolan Ippolito (Chair) $0 $0 $0
Scott Davis (Tresurer/Director) $0 $0 $0
Dr David Howes (Director) $0 $0 $0
Dana Kempton (Director) $0 $0 $0
Joel Allumbaugh (Director) $0 $0 $0
William M Whitmore (Director) $0 $0 $0
Jennifer Juke (Director) $0 $0 $0
Edward J Kane (Director) $0 $0 $0
Christopher Roach (Director) $0 $0 $0
Katherine Pelletreau (Director) $0 $0 $0
Christopher Howard (Secretary/Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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