THE MINNESOTA CONCRETE & MASONRY CONTRACTORS ASSOC (EIN 410998866) - 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

1995

Legal Domicile

Principal Officer

PHILIPP WAGNER

Phone

6516862835

Tax Period

2023-01-01 to 2023-12-31

THE MINNESOTA CONCRETE & MASONRY CONTRACTORS ASSOC, founded in 1995, is a small nonprofit that reported $418K in total revenue in fiscal year 2023. Expenses of $375K left a modest 10% surplus.

Mission

TO PROMOTE AND ENCOURAGE HIGHER STANDARDS IN THE CONCRETE AND MASONRY INDUSTRY AND TO PROMOTE THE MUTUAL ADVANCEMENT AND WELFARE OF THE MEMBERS OF THE INDUSTRY BY ENGAGING IN EDUCATION AND PROGRAMS ON AN INDUSTRY-WIDE BASIS AS TO MAINTAIN MAXIMUM JOB OPPORTUNITIES.

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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 $389,629

Investment Income $25,530

Other Revenue $2,424

TOTAL REVENUE $417,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $374,913

TOTAL EXPENSES $374,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,583	$409,930	+0.0%
Expenses	$374,913	$370,886	+0.0%
Net Income	$42,670	$39,044	+0.1%

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

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
NICK MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHILLIPP WAGNER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
KIRT O'KONEK	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE BROCK	TREASURER	1.00	Officer Director	$0	$0	$0
NICK FERNSTROM	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN HARTNETT	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE DRONEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JOSLIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NORELIUS	DIRECTOR	1.00	Director	$0	$0	$0
TIM SELKEN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DENVER O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KORTUM	DIRECTOR	1.00	Director	$0	$0	$0
MARK WHITCOMB	DIRECTOR	1.00	Director	$0	$0	$0
MATT SOANES	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	No data	No data	No data	No data
2023	$417,583	$374,913	$588,000	$42,670
2022	$409,930	$370,886	$548,655	$39,044
2021	$420,089	$352,516	$527,641	$67,573
2020	$425,792	$411,341	$399,677	$14,451
2019	$356,072	$230,228	$385,226	$125,844
2018	$261,810	$240,714	$259,382	$21,096

THE MINNESOTA CONCRETE & MASONRY CONTRACTORS ASSOC