Civic Intelligence

Maine Workers Compensation Policyholder Trust

990 • Fiscal year 2020 • EIN 47-7212082

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

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

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Net Margin

80th percentile

42%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Asset Growth

58th percentile

6.8%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-88%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$14,175,857

Up $905,030 (+6.8%) from 2019

Net Assets

Up

$14,175,799

Up $908,850 (+6.9%) from 2019

Liabilities

Down

$58

Down $3,820 (-99%) from 2019

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin80th percentile

Revenue

Down

$384,801

Down $2,736,968 (-88%) from 2019

Expenses

Up

$222,568

Up $77,122 (+53%) from 2019

Net Income

Down

$162,233

Down $2,814,090 (-95%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2020

Assets$14,175,857
Liabilities$58
Net Assets$14,175,799
Open 2020 Filing

Operations Trend

Revenue Growth3rd 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

2020

Revenue$384,801
Expenses$222,568
Net Income$162,233
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$3,324,246
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$13,266,949$14,175,799▲ $908,850
Investments in Publicly Traded Securities$10,811,855$13,355,575▲ $2,543,720
Savings and Temporary Cash Investments$2,458,972$819,191▼ $1,639,781
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$13,270,827$14,175,857▲ $905,030
Other Assets Total$0$1,091▲ $1,091
Liabilities
Accounts Payable and Accrued Expenses$3,878$58▼ $3,820
Other Liabilities$0$0→ $0
Total Liabilities$3,878$58▼ $3,820
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,266,949$14,175,799▲ $908,850
Total Liabilities and Net Assets / Fund Balance$13,270,827$14,175,857▲ $905,030
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
-Trustee
-Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$384,801
Other Revenue
$0
Change in Net Assets
$162,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$168,852
Other Expenses$53,716
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$168,852--$168,852
Fees for Service Investment Mgmnt Fees-$40,211-$40,211
Fees for Services Legal-$8,212-$8,212
Conferences and Meetings-$2,700-$2,700
Fees for Services Accounting-$2,383-$2,383
Office Expenses-$210-$210
Total Functional Expenses$168,852$53,716$0$222,568
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MSCC Education FoundationAugusta, ME501(c)(3)Crane Operator Certificate$76,544
Maine Business Education PartnershipTopsham, ME501(c)(3)Rise Up Program$57,308
Maine State Chamber of CommerceAugusta, ME501(c)(6)Min Wage Media$22,500
MERCHANT ASSOCIATION OF MAINE ( DBA Retail Assoc of Maine)Augusta, ME501(c)(6)Min Wage Media$12,500
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 13 WRITTEN WHISTLEBLOWER POLICY

“Due to the organization's size, management does not believe that it is necessary to have a written whistleblower policy.”

Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION

“At this time the organization does not compensate any individuals, therefore questions 15a and 15b have been intentionally answered 'no'.”

Form 990, Part VI, Line 14 DOCUMENT RETENTION AND DESTRUCTION POLICY

“Due to the organization's size, management does not believe that it is necessary to have a document retention and destruction policy in place.”

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 8B Documentation of meetings held by committees of governing body

“There are no committees with authority to act on behalf of the governing body.”

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
2021-11-03
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
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Toby Kerslake
Phone
3128997000
Raw XML Appendix361 raw XML fields

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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RISE UP PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CRANE OPERATOR CERTIFICATE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MIN WAGE MEDIA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MIN WAGE MEDIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Maine Business Education Partnership
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IRS990ScheduleI/RecipientTable/RecipientEIN1831165095
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IRS990ScheduleI/RecipientTable/RecipientEIN3010165117
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt018 Roberts Hill Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt145 MELVILLE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2128 State Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt345 MELVILLE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE 1
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Trustees of the organization are employees of the organizations to which grants were awarded and have oversight to monitor the use of the funds for their intended purpose. The organization receives reports from the grantee organizations detailing the use of the funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
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IRS990ScheduleI/TotalOtherOrgCnt02
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUE TO THE ORGANIZATION'S SIZE, MANAGEMENT DOES NOT BELIEVE THAT IT IS NECESSARY TO HAVE A WRITTEN WHISTLEBLOWER POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THIS TIME THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS, THEREFORE QUESTIONS 15A AND 15B HAVE BEEN INTENTIONALLY ANSWERED 'NO'.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUE TO THE ORGANIZATION'S SIZE, MANAGEMENT DOES NOT BELIEVE THAT IT IS NECESSARY TO HAVE A DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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/ExplanationTxt4There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors receives a complete copy of the Form 990 for their review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 13 WRITTEN WHISTLEBLOWER POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 14 DOCUMENT RETENTION AND DESTRUCTION POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 3 Delegation of management duties
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013270827
IRS990/TotalAssetsEOYAmt014175857
IRS990/TotalAssetsGrp/BOYAmt013270827
IRS990/TotalAssetsGrp/EOYAmt014175857
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053716
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0168852
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222568
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03878
IRS990/TotalLiabilitiesEOYAmt058
IRS990/TotalLiabilitiesGrp/BOYAmt03878
IRS990/TotalLiabilitiesGrp/EOYAmt058
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013266949
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014175799
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0168852
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0384801
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384801
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013270827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014175857
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Gore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
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/AddressLine1Txt0225 West Wacker Drive Suite 2600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606061224
ReturnHeader/PreparerPersonGrp/PhoneNum03128997000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Toby Kerslake
ReturnHeader/ReturnTs02021-11-03T13:30:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Peter
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gore
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,175,857
Liabilities
$58
Net assets
$14,175,799
Revenue
$384,801
Expenses
$222,568
Net income
$162,233
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
2020Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$0.38$0.22$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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