ALEXANDRIA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRINGE BENEFIT PLAN FOR DBRA EMPLOYEES OF CENTRAL SPECIALTIES INC, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 102% operating deficit.
TO PROVIDE MEDICAL CARE AND OTHER QUALIFIED WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR SPOUSES AND DEPENDENTS.
FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACTS (DBRA) EMPLOYEES OF CENTRAL SPECIALTIES, INC. (THE "PLAN") IS A DEFINED CONTRIBUTION HEALTH AND WELFARE BENEFIT PLAN COVERING EMPLOYEES OF CENTRAL...
FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACTS (DBRA) EMPLOYEES OF CENTRAL SPECIALTIES, INC. (THE "PLAN") IS A DEFINED CONTRIBUTION HEALTH AND WELFARE BENEFIT PLAN COVERING EMPLOYEES OF CENTRAL SPECIALTIES, INC. FOR WHOM FRINGE BENEFITS ARE REQUIRED TO BE MADE UNDER THE FEDERAL DBRA, OR ANY OTHER FEDERAL, STATE, OR LOCAL PREVAILING WAGE LAW. THE PLAN PROVIDES MEDICAL CARE AND OTHER QUALIFIED WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR SPOUSES AND DEPENDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,112,909 | $2,692,249 | -0.6% |
| Expenses | $2,244,690 | $2,516,306 | -0.1% |
| Net Income | $-1,131,781 | $175,943 | -7.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROSS LARSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE MINNERATH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,112,909 | $2,244,690 | $2,453,788 | $-1,131,781 |
| 2024 | $2,692,249 | $2,516,306 | $3,885,865 | $175,943 |
| 2023 | $2,174,980 | $2,004,994 | $3,388,754 | $169,986 |
| 2022 | $2,324,908 | $2,193,533 | $3,197,098 | $131,375 |
| 2021 | $2,763,143 | $2,608,910 | $3,054,734 | $154,233 |
| 2020 | $3,086,373 | $2,527,142 | $2,899,228 | $559,231 |
| 2019 | $2,224,106 | $2,246,960 | $2,327,922 | $-22,854 |
| 2018 | $2,217,623 | $2,274,988 | $2,398,277 | $-57,365 |
Compare FRINGE BENEFIT PLAN FOR DBRA EMPLOYEES OF CENTRAL SPECIALTIES INC with other nonprofits in Minnesota and across the country.