MINNESOTA PRECISION MANUFACTURING … - 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

1955

Legal Domicile

Principal Officer

LAURENT DECONINCK

Phone

7635283557

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA PRECISION MANUFACTURING ASSOCIATION, founded in 1955, is a small nonprofit in the Housing & Shelter sector that reported $605K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

DRIVE SUCCESS IN MINNESOTA PRECISION MANUFACTURING BY STRENGTHENING THE SKILLED WORKFORCE, BY BEING A LEADER IN THE CONVERSATIONS SURROUNDING WORKFORCE DEVELOPMENT, LEGISLATIVE CHANGES THAT IMPACT MANUFACTURERS, WITH OTHER ASSOCIATIONS TO HAVE A POSITIVE IMPACT ON THE IMAGE AND IMPORTANCE OF MANUFACTURING AND BY IMPROVING BUSINESS FOR OUR MEMBERS BY BEING A RESOURCE FOR WORKFORCE TRAINING.

Program Service Accomplishments

Program 1

FOR OVER 65 YEARS, MPMA HAS BEEN A SOURCE OF INFORMATION, EDUCATION AND SUPPORT FOR THOSE IN THE PRECISION MANUFACTURING INDUSTRY. OUR ASSOCIATION HAS OVER 300 MEMBERS. OUR PROGRAMS EDUCATE...

FOR OVER 65 YEARS, MPMA HAS BEEN A SOURCE OF INFORMATION, EDUCATION AND SUPPORT FOR THOSE IN THE PRECISION MANUFACTURING INDUSTRY. OUR ASSOCIATION HAS OVER 300 MEMBERS. OUR PROGRAMS EDUCATE MANUFACTURERS ON BEST PRACTICES WITHIN THE PRECISION MANUFACTURING INDUSTRY, AND SUPPORT CONTINUOUS IMPROVEMENT WITHIN MINNESOTA MANUFACTURING FACILITIES. OUR ASSOCIATION WORKS TO EXPAND AVAILABLE WORKFORCE THROUGH INITIATIVES AIMED AT ATTRACTING NEW PEOPLE INTO THE FIELD OF MANUFACTURING.

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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 $42,470

Program Service Revenue $468,247

Investment Income $626

Other Revenue $93,581

TOTAL REVENUE $604,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $619,497

TOTAL EXPENSES $619,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$604,924	$663,590	-0.1%
Expenses	$619,497	$679,689	-0.1%
Net Income	$-14,573	$-16,099	-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
LAURENT DECONINCK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NANCY LIEN BERNDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEL ENGER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN MADSEN	DIRECTOR/PAST CHAIR	0.60	Director	$0	$0	$0
JESSE SCHELITZCHE	DIRECTOR/PAST CHAIR	0.50	Director	$0	$0	$0
BRUCE HANSON	DIRECTOR/PAST CHAIR	0.50	Director	$0	$0	$0
BRENDA KYLE	DIRECTOR/PAST CHAIR	0.50	Director	$0	$0	$0
TONY HERBST	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SWAIN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT KING	DIRECTOR	0.50	Director	$0	$0	$0
ROD GRAMSE	DIRECTOR	0.50	Director	$0	$0	$0
LUKE BECKER	DIRECTOR	0.50	Director	$0	$0	$0
LUKE BAME	DIRECTOR	0.50	Director	$0	$0	$0
JACI DUKOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE HALES	DIRECTOR	0.50	Director	$0	$0	$0
BRIDGET ENINGA-ROBECK	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN MAYO	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON LEINTZ	DIRECTOR	0.50	Director	$0	$0	$0
STEVE KALINA	EXECUTIVE DIRECTOR	38.50	Officer	$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	$604,924	$619,497	$226,422	$-14,573
2022	$663,590	$679,689	$218,988	$-16,099
2021	$592,625	$607,704	$299,130	$-15,079
2020	$597,404	$617,312	$248,599	$-19,908
2019	$756,484	$792,215	$331,527	$-35,731
2018	$683,738	$713,922	$287,674	$-30,184

MINNESOTA PRECISION MANUFACTURING ASSOCIATION