MINNESOTA PAINTING AND WALLCOVERING EMPLOYERS ASSOCIATION (EIN 411693425) - 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

1992

Legal Domicile

Principal Officer

MARTHA HENRICKSON

Phone

6516336774

Tax Period

2024-06-01 to 2025-05-31

MINNESOTA PAINTING AND WALLCOVERING EMPLOYERS ASSOCIATION, founded in 1992, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $247K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROMOTE INDUSTRY EMPLOYMENT, INDUSTRIAL RELATIONS, STANDARDS, AND PASSAGE OF LAWS

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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 $195,512

Investment Income $9,431

Other Revenue $0

TOTAL REVENUE $204,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $247,472

TOTAL EXPENSES $247,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,943	$231,918	-0.1%
Expenses	$247,472	$231,560	+0.1%
Net Income	$-42,529	$358	-119.8%

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
KELLI PEIFER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL HAAGENSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CLARK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
GARY BUCHERT	DIRECTOR	1.00	Director	$0	$0	$0
NICK NOWAK	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	$204,943	$247,472	$420,607	$-42,529
2024	$231,918	$231,560	$449,350	$358
2023	$220,402	$211,014	$450,555	$9,388
2022	$221,489	$221,903	$453,424	$-414
2021	$180,401	$188,926	$468,153	$-8,525
2020	$216,567	$190,540	$469,356	$26,027
2019	$195,183	$168,345	$446,900	$26,838

MINNESOTA PAINTING AND WALLCOVERING EMPLOYERS ASSOCIATION