Martins Point Generations Advantage Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The mission of Martin's Point Generations Advantage, Inc. is to support the mission of its Parent, Martin's Point Health Care, Inc., which is to create a healthier community through authentic relationships built on trust.
- Income
- $745.8 million
- Spending
- $805.6 million
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $1.4 million, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $777.4 million spent. Generations Advantage - Please see not-for-profit narrative statement for Martin's Point Generations Advantage on Schedule O. Martin's Point Generations Advantage is a not-for-profit organization serving our community's health care needs with the highest-quality care and coverage. At Martin's Point, everything we do is driven by our mission to improve the health and well-being of our community. As a provider of both health care and coverage, we touch the lives of thousands of our patients and health plan members every day. Through focused efforts in the areas of prevention, care management, access, education, and quality, we are achieving measurable successes in improving the health and well-being of those we serve. PROVIDING MEDICARE ADVANTAGE HEALTH PLANS In 2024, Martin's Point Generations Advantage offered insurance plan across all of Maine and New Hampshire. Our plan members receive comprehensive benefits and quality care. In 2024, Martin's Point Generations Advantage: - Provided Generations Advantage (a portfolio of four (4) Medicare Advantage insurance plans) to over 74,560 members. Generations Advantage was offered in all of Maine and New Hampshire. Our Prime (HMO-POS), Value Plus (HMO), Alliance (HMO), and Select (LPPO) Generations Advantage has been the highest rated plan in Northern New England for multiple years. COMMITTED TO IMPROVING THE HEALTH CARE SYSTEM Martin's Point Generations Advantage is leading the way to improving the health care system in the communities we serve and beyond. We are dedicated to participating in and creating opportunities to share innovative solutions with others towards our common goal of creating a sustainable, quality health care system. Our work is driven by three principles: 1) to improve the experience of care, 2) to improve health outcomes, and 3) to reduce overall costs. To achieve these goals, we are working to make systemic changes to the way health care is delivered and coordinated.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2016.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.