Overview

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Est.

2012

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Maine Guaranteed Access Reinsurance Association (EIN: 45-4331075) is a nonprofit organization focused on health care administration and financing, specifically serving the high-risk segment of Maine's individual health insurance market. With an operating budget of $61.1 million and total revenue of $79.8 million for the 2024 filing year, the organization plays a crucial role in ensuring access to affordable health insurance for vulnerable populations. For more information, visit their website at www.mgara.org.

Mission Statement

A reinsurance program for the high risk segment of Maine's individual health insurance market.
Revenues
$79.8M
Expenses
$61.1M
Net Income:
+$18.7M
Assets
$87M
Liabilities
$33.4M
Net Assets:
+$53.5M
Operating Budget
$61.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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E
Ellen Schneiter
Board Member
J
James Lyon
Board Member
K
Kevin Lewis
Board Member

Frequently Asked Questions

What is Maine Guaranteed Access Reinsurance Association’s budget?
In 2024, Maine Guaranteed Access Reinsurance Association reported an annual operating budget of around $61.1 million. More detailed financial information is available to registered users.
What causes does Maine Guaranteed Access Reinsurance Association support?
Maine Guaranteed Access Reinsurance Association supports work in Health care administration and financing.
Where does Maine Guaranteed Access Reinsurance Association operate?
Maine Guaranteed Access Reinsurance Association is headquartered in Portland, ME.
What is Maine Guaranteed Access Reinsurance Association’s reliance on government grants?
Maine Guaranteed Access Reinsurance Association relied on government grants for more than 55% of their total revenue in 2024.