Maine Bankers Association
Nonprofit profile at a glance
- EIN
- 010155360
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Westbrook, ME, USA
- Phone
- 2077918400
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,680,561
- Expenses
- $2,724,032
- Assets
- $2,269,978
- Liabilities
- $1,320,344
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- James J Roche (President)
Highest reported compensation
- James J Roche (President): $475,822 total reported compensation
- Marcia M Ferguson (Chief Operating Officer): $232,262 total reported compensation
- Josh Steirman (Dir. Of Govt Relations): $174,243 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Maine Bankers Association provides advocacy, education, and resources to safeguard and advance the interests of our members. The Maine Bankers Association has served Maine's banking industry since 1893. The Association offers industry representation in legislative and regulatory matters at the state and federal level. It sponsors educational programs and forums for banks to exchange valuable industry information. The Association also sponsors insurance programs, provides regulatory and compliance assistance and facilitates media relations on behalf of member banks.
What it reported doing in 2025
Major Conferences - Each year major conferences are presented by the Association. Each conference has a distinct audience. The attendance and length may vary. Participants are charged a fee to offset expenses.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 83
- Accountability: 95
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 42.7%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 36 of 36 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $476K · 42 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $200K reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.