ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA INC (EIN 410132580) - Form 990 Financial Analysis & Trantor Score

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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

1919

Legal Domicile

Principal Officer

TIM WORKE

Phone

6516328929

Tax Period

2023-11-01 to 2024-10-31

ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA INC, founded in 1919, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE HEALTH AND SUSTAINABILITY OF MINNESOTA'S CONSTRUCTION INDUSTRY THROUGH PROFESSIONAL LEADERSHIP AND ADVOCACY, WITH AN ENDURING COMMITMENT TO SERVE ALL MEMBERS WITH SKILL, RESPONSIBILITY, AND INTEGRITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,054

Program Service Revenue $2,837,608

Investment Income $15,164

Other Revenue $151,157

TOTAL REVENUE $3,036,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,538,508

Fundraising Expenses $0

Other Expenses $1,510,899

TOTAL EXPENSES $3,049,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,036,983	$2,904,099	+0.0%
Expenses	$3,049,407	$2,808,866	+0.1%
Net Income	$-12,424	$95,233	-1.1%

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

Governance

Voting Members

Independent Members

Employees

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

$253,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WORKE	CEO	40.00	Officer	$220,000	$33,253	$253,253
MICHAEL SCHECTER	GENERAL COUN	40.00	Highest	$153,264	$30,534	$183,798
YOLANDA MCINTOSH	DIRECTOR OF	40.00	Highest	$123,488	$18,262	$141,750
MATTHEW SEMERAD	DIRECTOR OF	40.00	Highest	$122,414	$9,923	$132,337
LAURA ZIEGLER	CONSTRUCTION	40.00	Highest	$106,082	$27,551	$133,633
BRENT WILBUR	CHAIR	1.00	Officer Director	$0	$0	$0
JON KAINZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUSIN GABRIELSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
HEIDI GUNDERSON	PAST CHAIR	1.00	Officer Director	$0	$0	$0
BOB BECKEL	DIRECTOR	1.00	Director	$0	$0	$0
SUE BLANCHARD	DIRECTOR	1.00	Director	$0	$0	$0
MATT DEKKERS	DIRECTOR	1.00	Director	$0	$0	$0
KIRK ILENDA	DIRECTOR	1.00	Director	$0	$0	$0
LORI GERMSHEID	DIRECTOR	1.00	Director	$0	$0	$0
KENDRA KON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BECKER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL EDLUND	DIRECTOR	1.00	Director	$0	$0	$0
LUKE SPALJ	DIRECTOR	1.00	Director	$0	$0	$0
ZACK O'GRADY	DIRECTOR	1.00	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
2024	$3,036,983	$3,049,407	$2,336,374	$-12,424
2023	$2,904,099	$2,808,866	$1,924,978	$95,233
2022	$2,691,086	$2,675,181	$1,745,531	$15,905
2021	$2,333,660	$2,210,759	$1,947,185	$122,901
2020	$2,313,298	$2,253,997	$1,618,866	$59,301
2019	$2,090,406	$2,129,529	$1,423,846	$-39,123
2018	$2,267,773	$2,138,774	$1,643,683	$128,999

ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA INC