NATL ASSOC OF THE REMODELING INDUS… - 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

1983

Legal Domicile

Principal Officer

REID SELLGREN

Phone

6123326274

Tax Period

2025-01-01 to 2025-12-31

NATL ASSOC OF THE REMODELING INDUSTRY OF MN INC, founded in 1983, is a small nonprofit that reported $431K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $503K exceeded revenue, resulting in a 17% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $502,769

TO ADVANCE THE REMODELING INDUSTRY BY PROVIDING EDUCATION AND PROFESSIONAL DEVELOPMENT 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 (2025)

Revenue Breakdown

Contributions & Grants $238,283

Program Service Revenue $117,456

Investment Income $7,156

Other Revenue $67,781

TOTAL REVENUE $430,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,894

Fundraising Expenses $0

Program Expenses $502,769

Other Expenses $274,875

TOTAL EXPENSES $502,769

Year-over-Year Comparison

	2025	2024	Change
Revenue	$430,676	$374,238	+0.2%
Expenses	$502,769	$408,864	+0.2%
Net Income	$-72,093	$-34,626	+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

N/A

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	$106,056	$0	$106,056
DEANNE BENNETT	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD HARSDORF	DIRECTOR	5.00	Director	$0	$0	$0
MARGUERITE HOOGS	DIRECTOR	5.00	Director	$0	$0	$0
MATT LEININGER	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE LUNDGREN	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON HORSAGER	DIRECTOR	5.00	Director	$0	$0	$0
PAT SCHUMACHER	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS SCHMITZ	DIRECTOR	5.00	Director	$0	$0	$0
LANCE PREMEAU	CHAIRMAN	10.00	Officer	$0	$0	$0
REID SELLGREN	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
ANDREW LEJEUNE	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
2025	$430,676	$502,769	$249,363	$-72,093
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