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Nonprofit · EIN 01-0390410

MAINE SELF INSURANCE GUARANTY ASSOCIATION

Tax-exempt · PORTLAND, ME 04101

Financials

$175K$208K2023$190K$171K2024$251K$170K2025
Revenue Expenses · by fiscal year end
Financials of MAINE SELF INSURANCE GUARANTY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$250,594$169,645$80,949$4,638,869$26,511$4,612,358
December 31, 2024990$189,792$170,769$19,023$4,529,424$38,110$4,491,314
December 31, 2023990$174,637$207,805-$33,168$4,439,497$33,877$4,405,620
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$67,889
Investment income
$182,705
Net gain from sales of assets
$1,017
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$52,500
Salaries, compensation and benefits (total)
$52,500
Professional fundraising fees
$0
Legal fees
$1,325
Accounting fees
$16,617

Balance sheet and other

Total assets, start of year
$4,529,424
Total assets, end of year
$4,638,869
Total liabilities, end of year
$26,511
Net assets, end of year
$4,612,358
Publicly traded securities
$3,671,498
Net assets without donor restrictions
$4,612,358
Gross receipts
$1,957,278
Employees
0
Volunteers
7
Year formed
1982
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
GRANT HENDERSONADMINISTRATOR
Officer
10$52,500
JEFFREY PARSONSCHAIR
Trustee or director, Officer
0.1$0
DAN SMITHVICE CHAIR
Trustee or director, Officer
0.1$0
BRIAN PARKETREASURER
Trustee or director, Officer
0.1$0
TOM BROWNDIRECTOR
Trustee or director
0.1$0
CHERYL RUSSELLDIRECTOR
Trustee or director
0.1$0
PAUL VISCONTIDIRECTOR
Trustee or director
0.1$0
AMY WEBBERDIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
ELIZABETH BROGANADMINISTRATOR (THRU 12/24)
Officer
10$52,500
DAN FERGUSONCHAIR (THRU 07/24)
Trustee or director, Officer
0.1$0
JEFFREY PARSONSCHAIR
Trustee or director, Officer
0.1$0
PAMELA CHEESEMANDIRECTOR (THRU 07/24), INTERIM CHAIR (THRU 11/24)
Trustee or director, Officer
0.1$0
DAN SMITHVICE CHAIR
Trustee or director, Officer
0.1$0
BRIAN PARKETREASURER
Trustee or director, Officer
0.1$0
TOM BROWNDIRECTOR
Trustee or director
0.1$0
JOHN NORMANDIRECTOR (THRU 12/24)
Trustee or director
0.1$0
CHERYL RUSSELLDIRECTOR
Trustee or director
0.1$0
PAUL VISCONTIDIRECTOR
Trustee or director
0.1$0
AMY WEBBERDIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ELIZABETH BROGANADMINISTRATOR
Officer
10$51,458
DAN FERGUSONCHAIR
Trustee or director, Officer
0.1$0
DAN SMITHVICE CHAIR
Trustee or director, Officer
0.1$0
BRIAN PARKETREASURER
Trustee or director, Officer
0.1$0
PAMELA CHEESEMANDIRECTOR
Trustee or director
0.1$0
JOHN NORMANDIRECTOR
Trustee or director
0.1$0
CHERYL RUSSELLDIRECTOR
Trustee or director
0.1$0
AMY WEBBERDIRECTOR
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
TWO CANAL PLAZA CO GHENDERSON, PORTLAND, ME 04101-4040
Principal officer (990 for 2025)
GRANT HENDERSON, TWO CANAL PLAZA C/O GHENDERSON, PORTLAND, ME 04112
Signed the 990
GRANT HENDERSON, ADMINISTRATOR
Phone
(207) 553-1038
Return prepared by
WIPFLI ADVISORY LLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • GUARANTEE FUND PROVIDES FUNDS TO BE USED TO MAKE MANDATED BENEFIT PAYMENTS TO COVERED PARTICIPANTS IN SELF-INSURED WORKERS' COMPENSATION PROGRAMS IN MAINE IN THE EVENT THAT THE SELF-INSURED PROGRAM BECOMES INSOLVENT.
  • PROVIDE A MECHANISM FOR SERVICING CLAIMS THAT ARE BEING PAID OUT OF BOND PROCEEDS AFTER THE SELF INSURER HAS GONE OUT OF BUSINESS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0390410
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,638,869
Income (IRS master file)
$1,957,278

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$250,594$169,645$4,638,869IRS
990December 2024$189,792$170,769$4,529,424IRS
990December 2023$174,637$207,805$4,439,497XML
990December 2022$159,277$185,982$4,352,275IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0390410).

Questions about MAINE SELF INSURANCE GUARANTY ASSOCIATION

What is the EIN of MAINE SELF INSURANCE GUARANTY ASSOCIATION?
The employer identification number (EIN) of MAINE SELF INSURANCE GUARANTY ASSOCIATION is 01-0390410.
Is MAINE SELF INSURANCE GUARANTY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
Are donations to MAINE SELF INSURANCE GUARANTY ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MAINE SELF INSURANCE GUARANTY ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAINE SELF INSURANCE GUARANTY ASSOCIATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAINE SELF INSURANCE GUARANTY ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MAINE SELF INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2025 names GRANT HENDERSON.
Who are the officers and directors of MAINE SELF INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $52,500 (GRANT HENDERSON, ADMINISTRATOR).
How much revenue does MAINE SELF INSURANCE GUARANTY ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $250,594, expenses of $169,645 and total assets of $4,638,869 at year end.

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