NATL ASSOC OF THE REMODELING INDUSTRY OF MN INC (EIN 411396032) - 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

1983

Legal Domicile

Principal Officer

LANCE PREMEAU

Phone

6123326274

Tax Period

2024-01-01 to 2024-12-31

NATL ASSOC OF THE REMODELING INDUSTRY OF MN INC, founded in 1983, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO DEVELOP AND SUSTAIN PROGRAMS THAT EXPAND AND UNITE THE REMODELING INDUSTRY AND TO ENSURE ITS CONTINUED GROWTH AND PROSPERITY.

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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 $209,899

Program Service Revenue $108,662

Investment Income $10,281

Other Revenue $45,396

TOTAL REVENUE $374,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,699

Fundraising Expenses $0

Program Expenses $408,864

Other Expenses $251,165

TOTAL EXPENSES $408,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,238	$407,952	-0.1%
Expenses	$408,864	$384,815	+0.1%
Net Income	$-34,626	$23,137	-2.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRICE OWEN	EXECUTIVE DIRECTOR	40.00	Highest	$102,225	$0	$102,225
DOUG EDSTROM	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON HORSAGER	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS SCHMITZ	DIRECTOR	5.00	Director	$0	$0	$0
WILL HAACK	DIRECTOR	5.00	Director	$0	$0	$0
CODY HESSER	DIRECTOR	5.00	Director	$0	$0	$0
MAGGIE HOOGS	DIRECTOR	5.00	Director	$0	$0	$0
DAVID VINJE	DIRECTOR	5.00	Director	$0	$0	$0
PAT SCHUMACHER	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW LEJEUNE	DIRECTOR	5.00	Director	$0	$0	$0
JERRY ZIEMIECKI	CHAIRMAN	10.00	Officer	$0	$0	$0
LANCE PREMEAU	PRESIDENT	10.00	Officer	$0	$0	$0
TRICIA WIITANEN	SECRETARY	10.00	Officer	$0	$0	$0
BECKY POTTER	TREASURER	10.00	Officer	$0	$0	$0
REID SELLGREN	PRESIDENT ELECT	10.00	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	$374,238	$408,864	$318,904	$-34,626
2023	$407,952	$384,815	$353,307	$23,137
2022	$366,481	$349,601	$338,130	$16,880
2021	$298,524	$268,045	$341,927	$30,479
2020	$256,506	$263,771	$282,246	$-7,265
2019	$282,585	$279,956	$289,458	$2,629
2018	$265,636	$258,732	$283,578	$6,904

NATL ASSOC OF THE REMODELING INDUSTRY OF MN INC