Maine Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,319,443 | 6,495,007 | −1,175,564 | 66.4 | 0% |
| 2012 | 6,229,513 | 3,947,289 | 2,282,224 | 116.2 | 0% |
| 2013 | 2,717,752 | 4,137,176 | −1,419,424 | 106.8 | 0% |
| 2014 | 3,092,873 | 2,493,074 | 599,799 | 180.1 | 0% |
| 2015 | 2,483,914 | 4,352,556 | −1,868,642 | 98.0 | 0% |
| 2016 | 1,175,525 | 3,596,545 | −2,421,020 | 110.5 | 0% |
| 2017 | 2,730,806 | 2,497,425 | 233,381 | 160.2 | 0% |
| 2018 | 3,610,315 | 2,882,427 | 727,888 | 141.9 | 0% |
| 2019 | 3,697,694 | 2,395,858 | 1,301,836 | 177.2 | 0% |
| 2020 | 1,279,957 | 1,960,027 | −680,070 | 212.4 | 0% |
| 2021 | 3,682,476 | 3,090,893 | 591,583 | 137.0 | 0% |
| 2022 | 511,048 | 2,741,361 | −2,230,313 | 144.7 | 0% |
| 2023 | 633,920 | 4,259,072 | −3,625,152 | 82.9 | 0% |
In its most recent public year (2023), this organization spent $3,625,152 more than it brought in. Its reserves stood at about 82.9 months of spending, up from 66.4 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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