FAIR CONTRACTING FOUNDATION OF MIN… - 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

2013

Legal Domicile

Principal Officer

MIKE WILDE

Phone

6517972726

Tax Period

2024-07-01 to 2025-06-30

FAIR CONTRACTING FOUNDATION OF MINNESOTA, founded in 2013, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

FAIR CONTRACTING FOUNDATION ADVANCES THE MUTUAL INTERESTS OF MINNESOTA'S CONSTRUCTION INDUSTRY THROUGH INFORMING AND PETITIONING GOVERNMENT OFFICIALS ON ENFORCEMENT, IDENTIFYING WORK OPPORTUNITIES, PROMOTING ECONOMOIC COMPETITIVENESS, AND SERVING THE BETTERMENT OF THE UNIONIZED INDUSTRY AS A WHOLE.

Program Service Accomplishments

Program 1

THE FOUNDATION PROMOTES PREVAILING WAGE LAW EDUCATION, COMPLIANCE AND ENFORCEMENT. IT ADVOCATES FOR PRACTICES, POLICIES AND LAWS THAT ENSURE FAIR GOVERNMENT CONTRACTS, A STRONG LOCAL INDUSTRY AND...

THE FOUNDATION PROMOTES PREVAILING WAGE LAW EDUCATION, COMPLIANCE AND ENFORCEMENT. IT ADVOCATES FOR PRACTICES, POLICIES AND LAWS THAT ENSURE FAIR GOVERNMENT CONTRACTS, A STRONG LOCAL INDUSTRY AND PROTECTION OF THE PUBLIC INTEREST. THE FOUNDATION, AMONG OTHER THINGS, PERFORMS THE FOLLOWING: ASSISTS WITH DATA PRACTICES REQUESTS; PROVIDES CURRENT PROJECT LISTS BY REGION EACH MONTH; PERFORMS LEGAL RESEARCH; ANALYZES CONTRACT SPECIFICATIONS AND RECORDS; FIELDS TELEPHONE CALLS FROM CONTRACTORS AND WORKERS; BUILDS RELATIONSHIPS WITH GOVERNMENT AGENCIES; WORKS THROUGH DIFFICULT BIDDING ISSUES; PROVIDES FREE TRAINING FOCUSING ON PERFORMING INVESTIGATIVE REVIEWS AND USING GOOD FOLLOW UP TECHNIQUES; AND HELPS COLLECT UNPAID WAGES FOR WORKERS.

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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 $1,036,132

Investment Income $123,050

Other Revenue $0

TOTAL REVENUE $1,159,182

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $1,010,523

Fundraising Expenses $0

Other Expenses $270,639

TOTAL EXPENSES $1,431,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159,182	$1,130,721	+0.0%
Expenses	$1,431,162	$1,327,745	+0.1%
Net Income	$-271,980	$-197,024	+0.4%

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

Employees

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

$298,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WILDE	EXECUTIVE DI	40.00	Officer	$239,552	$59,209	$298,761
MARTHA HENDRICKSON	PRESIDENT/CH	2.00	Officer Director	$0	$0	$0
DOUG SCHROEDER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
DOMINIC ANDRIST	TRUSTEE, UNI	2.00	Director	$0	$0	$0
MARK CONROY	TRUSTEE, UNI	2.00	Director	$0	$0	$0
BARRY DAVIES	TRUSTEE, UNI	2.00	Director	$0	$0	$0
N/A	TRUSTEE, UNI	2.00	Director	$0	$0	$0
JORDAN FRY	TRUSTEE, UNI	2.00	Director	$0	$0	$0
JEFF HEIMERL	TRUSTEE, UNI	2.00	Director	$0	$0	$0
SETH SCHROEDER	TRUSTEE, UNI	2.00	Director	$0	$0	$0
MARK POTHEN	TRUSTEE, UNI	2.00	Director	$0	$0	$0
ANGELA SHEEHAN	TRUSTEE, UNI	2.00	Director	$0	$0	$0
JOEL SMITH	TRUSTEE, UNI	2.00	Director	$0	$0	$0
DAVE JOSLIN	TRUSTEE, CON	2.00	Director	$0	$0	$0
KEVIN KROLCZYK	TRUSTEE, CON	2.00	Director	$0	$0	$0
LUKE KUHL	TRUSTEE, CON	2.00	Director	$0	$0	$0
SAM LIBKE	TRUSTEE, CON	2.00	Director	$0	$0	$0
JOHN NESSE	TRUSTEE, CON	2.00	Director	$0	$0	$0
JOHN QUARNSTROM	TRUSTEE, CON	2.00	Director	$0	$0	$0
BILL SULLIVAN	TRUSTEE, CON	2.00	Director	$0	$0	$0
PER UTNE	TRUSTEE, CON	2.00	Director	$0	$0	$0
TIM WORKE	TRUSTEE, CON	2.00	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	$1,159,182	$1,431,162	$3,223,732	$-271,980
2024	$1,130,721	$1,327,745	$3,481,305	$-197,024
2023	$1,352,169	$1,199,388	$3,662,747	$152,781
2022	$1,253,217	$1,080,597	$3,544,890	$172,620
2021	$1,222,540	$1,029,103	$3,476,384	$193,437
2020	$1,323,642	$1,013,081	$3,289,561	$310,561
2019	$1,269,525	$944,618	$2,919,511	$324,907

FAIR CONTRACTING FOUNDATION OF MINNESOTA