Civic Intelligence

Maine Workers Compensation Policyholder Trust

990 • Fiscal year 2019 • EIN 47-7212082

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilen/a
PO Box 6793Scarborough, ME 04070

(207) 791-1248

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

95%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Asset Growth

87th percentile

36%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

0.7%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$13,270,827

Up $3,545,221 (+36%) from 2018

Net Assets

Up

$13,266,949

Up $3,544,529 (+36%) from 2018

Liabilities

Up

$3,878

Up $692 (+22%) from 2018

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin97th percentile

Revenue

Up

$3,121,769

Up $21,652 (+0.7%) from 2018

Expenses

Down

$145,446

Down $64,912 (-31%) from 2018

Net Income

Up

$2,976,323

Up $86,564 (+3.0%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2018: $9,725,606Liabilities 2018: $3,186Net Assets 2018: $9,722,4202018Assets 2019: $13,270,827Liabilities 2019: $3,878Net Assets 2019: $13,266,9492019Assets 2020: $14,175,857Liabilities 2020: $58Net Assets 2020: $14,175,7992020Assets 2021: $14,712,296Liabilities 2021: $3,483Net Assets 2021: $14,708,8132021Assets 2022: $12,978,623Liabilities 2022: $3,939Net Assets 2022: $12,974,6842022

Highlighted filing

2019

Assets$13,270,827
Liabilities$3,878
Net Assets$13,266,949
Open 2019 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2018: $3,100,117Expenses 2018: $210,358Net Income 2018: $2,889,7592018Revenue 2019: $3,121,769Expenses 2019: $145,446Net Income 2019: $2,976,3232019Revenue 2020: $384,801Expenses 2020: $222,568Net Income 2020: $162,2332020Revenue 2021: $635,550Expenses 2021: $121,812Net Income 2021: $513,7382021Revenue 2022: $326,317Expenses 2022: $108,939Net Income 2022: $217,3782022

Highlighted filing

2019

Revenue$3,121,769
Expenses$145,446
Net Income$2,976,323
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$4,288,616
Mission and Program Overview

Mission

To use the funds in the Trust on matters pertaining to workers' compensation in Maine in a manner that benefits those Maine employees that purchased workers' compensation insurance between September 1995 and November 2001.

To utilize funds to assist Maine employers in providing a healthier and safer environment for their employees, thus benefiting employers, employees, and the State as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$9,722,420$13,266,949▲ $3,544,529
Investments in Publicly Traded Securities$6,846,901$10,811,855▲ $3,964,954
Savings and Temporary Cash Investments$2,878,667$2,458,972▼ $419,695
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$9,725,606$13,270,827▲ $3,545,221
Other Assets Total$38$0▼ $38
Liabilities
Accounts Payable and Accrued Expenses$3,186$3,878▲ $692
Other Liabilities$0$0→ $0
Total Liabilities$3,186$3,878▲ $692
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,722,420$13,266,949▲ $3,544,529
Total Liabilities and Net Assets / Fund Balance$9,725,606$13,270,827▲ $3,545,221
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
-Trustee
-Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$2,865,224
Program Service Revenue
$0
Investment Income
$256,545
Other Revenue
$0
All Other Contributions
$2,865,224
Change in Net Assets
$2,976,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,000
Other Expenses$70,446
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,000--$75,000
Fees for Service Investment Mgmnt Fees-$30,544-$30,544
Fees for Services Legal-$18,479-$18,479
Fees for Services Other$0$9,500$0$9,500
Fees for Services Accounting-$7,663-$7,663
Conferences and Meetings-$3,900-$3,900
Office Expenses-$360-$360
Total Functional Expenses$75,000$70,446$0$145,446
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Merchant Association of Maine (dba Retail Assoc of Maine)Augusta, ME501(c)(6)Keep Maine Competitive Coalition$50,000
Kids Chance of Maine IncBangor, ME501(c)(3)General Support$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

“The organization has a management services agreement with Maine Workers' Compensation Residual Market Pool for management and administrative services. The administrator of the organization, Steven Hoxie, is an employee of, and is compensated by, Maine Workers' Compensation Residual Market Pool.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The Board of Directors receives a complete copy of the Form 990 for their review prior to filing.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization makes its governing documents available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Maine Workers Compensation Policyholder Trust
EIN
47-7212082
Phone
2077911248
Address
PO Box 6793, Scarborough, ME 04070

Signing Officer

Name
Peter Gore
Title
Trustee
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Crowe Llp
Address
9600 Brownsboro Road Suite 400, Louisville, KY 40241-1122
Preparer
Rachel Spurlock
Phone
5023263996
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has a management services agreement with Maine Workers' Compensation Residual Market Pool for management and administrative services. The administrator of the organization, Steven Hoxie, is an employee of, and is compensated by, Maine Workers' Compensation Residual Market Pool.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors receives a complete copy of the Form 990 for their review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3 Delegation of management duties
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19 Required documents available to the public
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt075000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0256545
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03121769
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09725606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013270827
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 6793
IRS990/USAddress/CityNm0Scarborough
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004070
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Gore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maine Workers Compensation Policyholder Trust
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0477212082
ReturnHeader/Filer/PhoneNum02077911248
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 6793
ReturnHeader/Filer/USAddress/CityNm0Scarborough
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350921680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CROWE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09600 Brownsboro Road Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402411122
ReturnHeader/PreparerPersonGrp/PhoneNum05023263996
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rachel Spurlock
ReturnHeader/ReturnTs02020-11-13T13:31:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,270,827
Liabilities
$3,878
Net assets
$13,266,949
Revenue
$3,121,769
Expenses
$145,446
Net income
$2,976,323
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.00$13.0$0.33$0.11$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.00$14.7$0.64$0.12$0.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$0.00$14.2$0.38$0.22$0.16
2019Detailed filing. Detailed filing data is available for this year.$13.3$0.00$13.3$3.12$0.15$2.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.73$0.00$9.72$3.10$0.21$2.89