QUEEN CITY ROOFING & CONTRACTING C… - Form 990 Financial Data

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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

2007

Legal Domicile

Phone

4178697202

Tax Period

2024-06-01 to 2025-05-31

QUEEN CITY ROOFING & CONTRACTING CO VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIAT ION, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $514K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $487K left a modest 5% surplus.

Mission

TO ESTABLISH AND MAINTAIN ONE OR MORE HEALTH AND WELFARE PLANS FOR THE PAYMENT OF LIFE, SICK, ACCIDENT AND OTHER SIMILAR BENEFITS WHICH SHALL CONSTITUTE AN "EMPLOYEE WELFARE BENEFITS PLAN" WITHIN THE MEANING OF THE ERISA OF 1974.

Program Service Accomplishments

Program 1

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, DEPENDENTS AND BENEFICIARIES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $494,602

Investment Income $19,187

Other Revenue $0

TOTAL REVENUE $513,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,834

Fundraising Expenses $0

Program Expenses $0

Other Expenses $26,445

TOTAL EXPENSES $487,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$513,789	$409,476	+0.3%
Expenses	$487,437	$510,644	0.0%
Net Income	$26,352	$-101,168	-1.3%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MAPLES	SECRETARY	2.0	Officer Director	$0	$0	$0
MICHAEL KATROSH	PRESIDENT/ADMINISTRATOR	2.0	Officer Director	$0	$0	$0
MARK GOODIN	TRUSTEE	2.0	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	$513,789	$487,437	$560,444	$26,352
2024	$409,476	$510,644	$525,716	$-101,168
2023	$469,866	$490,866	$627,957	$-21,000
2022	$497,190	$588,589	$650,858	$-91,399
2021	$671,903	$555,994	$750,246	$115,909
2020	$550,409	$689,958	$626,168	$-139,549
2019	$655,202	$605,246	$803,494	$49,956
2018	$555,630	$605,164	$696,521	$-49,534

QUEEN CITY ROOFING & CONTRACTING CO VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIAT ION