NonprofitsMaine Self Insurance Guaranty Association

Maine Self Insurance Guaranty Association

PORTLAND, ME

Total revenue

$190K

Total expenses

$171K

Net assets

$4.5M

Grants received

EIN

010390410

Tax year

2024

Mission

To provide mechanisms for the payments of covered workers' compensation claims under self insurance coverage, to avoid excessive delays in payment, to avoid financial loss to claimants because of the insolvency of a self-insurer and to assist when called upon to do so by the superintendent of insurance, in the detection of self-insurer insolvencies.

Programs

1 program

Provide a mechanism for servicing claims that are being paid out of bond proceeds after the self insurer has gone out of business.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$69K
Investment income$120K
Other revenue
Total revenue$190K

Expenses

Grants paid
Salaries & benefits$53K
Fundraising
Other expenses$118K
Total expenses$171K
Total assets$4.5M
Net assets$4.5M

People

11 listed

NameRoleCompensation

ELIZABETH BROGAN

ADMINISTRATOR (THRU 12/24)

Board

$53K

10 hrs/wk

DAN FERGUSON

CHAIR (THRU 07/24)

Board

0.1 hrs/wk

JEFFREY PARSONS

CHAIR

Board

0.1 hrs/wk

PAMELA CHEESEMAN

DIRECTOR (THRU 07/24), INTERIM CHAIR (THRU 11/24)

Board

0.1 hrs/wk

DAN SMITH

VICE CHAIR

Board

0.1 hrs/wk

BRIAN PARKE

TREASURER

Board

0.1 hrs/wk

TOM BROWN

DIRECTOR

Board

0.1 hrs/wk

JOHN NORMAN

DIRECTOR (THRU 12/24)

Board

0.1 hrs/wk

CHERYL RUSSELL

DIRECTOR

Board

0.1 hrs/wk

PAUL VISCONTI

DIRECTOR

Board

0.1 hrs/wk

AMY WEBBER

DIRECTOR

Board

0.1 hrs/wk

Details

EIN010390410
Subsection06
Ruling date1984-04
Formed1982
Employees0
Volunteers7
MAINE SELF INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo