#261 of 500 · Member & Benefit Funds

Maine Education Association Benefits Trust

EIN 01-0479776 · ME · NTEE n/a · Form 990, fiscal 2023

An employee welfare benefit trust established by the Maine Education Association in 1993, based in Augusta, Maine. It administers group health, medical, dental, and related insurance benefits for approximately 69,000 active and retired Maine educators, school personnel, and their dependents, currently through a group insurance contract with Anthem Blue Cross and Blue Shield of Maine.

Financials, fiscal 2023

Revenue

$582.9M

Expenses

$571.5M

Total assets

$152.2M

Net assets

$151.9M

Operating margin

1.9%

1-year growth

n/a

5-year growth (CAGR)

2.0%

Reserve (years of spending)

3.2

Contributions share

n/a

Programme spending

100.0%

Fundraising cost

n/a

Executive pay share

0.04%

Employees

5

Revenue per employee

$116.6M

Grants paid

n/a

Years filing

29

NFP Health Score: 66 / 100

Financial 35 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

Ensuring the highest level of benefits at competitive prices is the key goal of the MEA Benefits Trust.

Revenue history