MINNESOTA CERAMIC TILE PROMOTION FUND

EIN: 237109878

MENDOTA HEIGHTS, MN

Total Revenue
$89,629
Total Expenses
$29,195
Total Assets
$620,204
Net Assets
$620,204
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MN
Principal Officer
ANGELA FERGUSON
Phone
6512561804
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA CERAMIC TILE PROMOTION FUND, founded in 1971, is a micro nonprofit that reported $90K in total revenue in fiscal year 2024. The organization ran a surplus of $60K, a strong 67% operating margin.

Mission

THE FUND IS ESTABLISHED FOR THE PURPOSE OF PROMOTION, ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $75,479
Investment Income $14,150
Other Revenue $0
TOTAL REVENUE $89,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $29,195
TOTAL EXPENSES $29,195

Year-over-Year Comparison

2024 2023 Change
Revenue $89,629 $85,648 +0.0%
Expenses $29,195 $29,899 0.0%
Net Income $60,434 $55,749 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA FERGUSON TRUSTEE 0.05
Director
$0 $0 $0
GREG GRAZZINI TRUSTEE 0.05
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $89,629 $29,195 $620,204 $60,434
2024 $85,648 $29,899 $549,412 $55,749
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