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Filing year 2024

Maine Bankers Association

Westbrook, Maine·EIN 01-0155360·6
Total revenue
$2.8M
Total assets
$2.2M
Total expenses
$2.8M
Reported officers
42
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.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

$475k
$513k
Base
$348k
Bonus
$75k
Other
$18k
Benefits
$14k
Chief Operating Officer
$243k
$262k
Base
$175k
Bonus
$27k
Other
Benefits
$30k
Past SVP & Treasurer
senior vice president
$226k
$244k
Base
$110k
Bonus
$14k
Other
$91k
Benefits
$6k
Dir. of Govt Relations
highest compensated employee
$184k
$199k
Base
$128k
Bonus
$14k
Other
$10k
Benefits
$25k
VP & Treasurer
vice president
$146k
$158k
Dir. of Employee Benefits
highest compensated employee
$140k
$151k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 36 unpaid individuals.

Up 2%
from 2023

From $466k in 2023 to $475k in 2024.

$466k
2023
$475k
2024
In today's dollarsEst.
Down 1% in real terms$520k to $513k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Maine Bankers Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
$2.7M
2023
$2.8M
$2.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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