MINNESOTA LATHING & PLASTERING BUR… - 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

1961

Legal Domicile

Principal Officer

DAVID HAMILTON

Phone

7637576572

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA LATHING & PLASTERING BUREAU INC, founded in 1961, is a small nonprofit that reported $105K in total revenue in fiscal year 2023. Expenses of $128K exceeded revenue, resulting in a 22% operating deficit.

Mission

Program Service Accomplishments

Program 1

MINNESOTA LATHING & PLASTERING BUREAU, INC. IS A NONPROFIT ORGANIZATION FORMED FOR THE PURPOSE OF PROVIDING INFORMATION AND PROMOTION RELATING TO THE USE OF LATHING AND PLASTERING SERVICES IN THE...

MINNESOTA LATHING & PLASTERING BUREAU, INC. IS A NONPROFIT ORGANIZATION FORMED FOR THE PURPOSE OF PROVIDING INFORMATION AND PROMOTION RELATING TO THE USE OF LATHING AND PLASTERING SERVICES IN THE CONSTRUCTION INDUSTRY. THE ORGANIZATION REPRESENTS THOSE CONTRACTORS ENGAGED IN A COLLECTIVE BARGAINING AGREEMENT WITH THE PLASTERS LOCAL NO. 265 AND THE LABORERS LOCAL NO. 132 AND NO. 563. THE ORGANIZATION OPERATES PRIMARILY IN THE TWIN CITIES METROPOLITAN AREA.

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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 $0

Program Service Revenue $76,847

Investment Income $28,440

Other Revenue $0

TOTAL REVENUE $105,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,632

Fundraising Expenses $0

Other Expenses $100,500

TOTAL EXPENSES $128,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,287	$105,883	0.0%
Expenses	$128,132	$60,241	+1.1%
Net Income	$-22,845	$45,642	-1.5%

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

Total Directors

$26,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HAMILTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS AYDT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRET PALMER	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN PEDRACINE	EXECUTIVE DIRECTOR	5.00	Director	$20,000	$6,022	$26,022

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	No data	No data	No data	No data
2023	$105,287	$128,132	$551,224	$-22,845
2022	$105,883	$60,241	$517,673	$45,642
2021	$114,251	$55,894	$565,596	$58,357

MINNESOTA LATHING & PLASTERING BUREAU INC