MINNESOTA DRYWALL AND PLASTER ASSO… - 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

1957

Legal Domicile

Principal Officer

JOE JOHNSON

Phone

6516336774

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA DRYWALL AND PLASTER ASSOCIATION, founded in 1957, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Expenses of $283K left a modest 12% surplus.

Mission

ORGANIZATION ESTABLISHED TO PROMOTE HIGHER STANDARDS IN THE DRYWALL AND PLASTER INDUSTRY.

Program Service Accomplishments

Program 1

PROMOTED HIGHER STANDARDS IN THE DRYWALL AND PLASTER INDUSTRY THROUGH LABOR NEGOTIATIONS AND RELATIONS, REPRESENTATION OF CONTRACTORS ON INDUSTRY TRAINING PROGRAMS AND EMPLOYEE BENEFIT FUNDS...

PROMOTED HIGHER STANDARDS IN THE DRYWALL AND PLASTER INDUSTRY THROUGH LABOR NEGOTIATIONS AND RELATIONS, REPRESENTATION OF CONTRACTORS ON INDUSTRY TRAINING PROGRAMS AND EMPLOYEE BENEFIT FUNDS, MONITORING GOVERNMENT RELATIONS, AND DISSEMINATING INFORMATION REGARDING THE INDUSTRY TO MEMBERS.

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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 $0

Program Service Revenue $296,838

Investment Income $25,240

Other Revenue $0

TOTAL REVENUE $322,078

Expense Breakdown

Grants Paid $2,909

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,242

TOTAL EXPENSES $283,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,078	$323,522	0.0%
Expenses	$283,151	$282,037	+0.0%
Net Income	$38,927	$41,485	-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

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
JOE JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRANDON HAGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE CONROY	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
SHAWN LARSON	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
2025	$322,078	$283,151	$858,734	$38,927
2024	$323,522	$282,037	$785,043	$41,485
2023	$323,390	$261,732	$726,084	$61,658
2022	$353,557	$246,936	$640,636	$106,621
2021	$303,343	$214,730	$565,482	$88,613
2020	$385,683	$290,984	$531,628	$94,699
2019	$218,039	$164,695	$375,388	$53,344
2018	$200,579	$179,316	$317,969	$21,263

MINNESOTA DRYWALL AND PLASTER ASSOCIATION