Based in Portland, ME, Maine Guaranteed Access Reinsurance Association operates as a Public Charity. The organization reported $79.8M in revenue, $61.1M in expenses, $87.0M in total assets for fiscal year 2024.
To operate the reinsurance program described in the Enabling Act in such manner as to maximize the impact of the Association in lowering the cost of health insurance in Maine's individual market; and to do so without jeopardizing the solvency of the Association.
How Maine Guaranteed Access Reinsurance Association divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $79.8M | $61.1M | $87.0M |
| 2023 | $94.9M | $122.9M | $98.6M |
| 2022 | $74.9M | $94.0M | $108.6M |
| 2020 | $97.0M | $70.3M | $86.0M |
| 2019 | $131.6M | $106.4M | $69.5M |
Between 2019 and 2024, reported annual revenue declined from $131.6M to $79.8M (-39%), with total assets most recently reported at $87.0M.
Interactive year-over-year charts and full filing details available with membership.
