INDEPENDENT MILLWRIGHT CONTRACTORS ASSOC OF MN AND ND INDUSTRY PROMOTION FUND

EIN: 411433285

MENDOTA HEIGHTS, MN

Total Revenue
$124,696
Total Expenses
$79,842
Total Assets
$596,441
Net Assets
$589,624
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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
1980
Legal Domicile
MN
Principal Officer
JOHN NESSE
Phone
9528540795
Tax Period
2021-01-01 to 2021-12-31

INDEPENDENT MILLWRIGHT CONTRACTORS ASSOC OF MN AND ND INDUSTRY PROMOTION FUND, founded in 1980, is a small nonprofit that reported $125K in total revenue in fiscal year 2021. Revenue surged 292% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 36% operating margin.

Mission

TO PROMOTE AND EXPAND THE MILLWRIGHT INDUSTRY AND TRADES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,408
Investment Income $107,288
Other Revenue $0
TOTAL REVENUE $124,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $79,842
TOTAL EXPENSES $79,842

Year-over-Year Comparison

2021 2020 Change
Revenue $124,696 $31,818 +2.9%
Expenses $79,842 $51,486 +0.6%
Net Income $44,854 $-19,668 -3.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDY LAWRENCE CHAIR 1.00
Officer
$0 $0 $0
JOSH DOOLEY VICE CHAIR 1.00
Officer
$0 $0 $0
SHAWN COTTER SECRETARY/TREASURER 1.00
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
2021 $124,696 $79,842 $596,441 $44,854
2020 $31,818 $51,486 $582,638 $-19,668
2019 $44,554 $46,139 $501,520 $-1,585
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