MINNESOTA SUBCONTRACTORS ASSOCIATI… - 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

1992

Legal Domicile

Principal Officer

BLAKE NELSON

Phone

9529284646

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA SUBCONTRACTORS ASSOCIATION, founded in 1992, is a small nonprofit that reported $309K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 26% operating margin.

Mission

EDUCATE AND INFORM ITS MEMBERS OF STATE LEGISLATION AND EDUCATE THE MEMBERS ABOUT PROFESSIONAL BUSINESS PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $52,083 Revenue: $133,921

INFORM MEMBERS OF STATE LEGISLATION REGARDING THE RIGHTS OF CONSTRUCTION SUBCONTRACTORS.

Program 2

Expenses: $175,454 Revenue: $134,618

EDUCATE SUBCONTRACTORS ABOUT PROFESSIONAL BUSINESS PRACTICES.

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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 $199,868

Program Service Revenue $68,671

Investment Income $10,214

Other Revenue $30,190

TOTAL REVENUE $308,943

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,537

Other Expenses $213,537

TOTAL EXPENSES $227,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,943	$296,922	+0.0%
Expenses	$227,537	$256,219	-0.1%
Net Income	$81,406	$40,703	+1.0%

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
BLAKE NELSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGELA FERGUSON	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN KASHMERE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LOGAN KALIS	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN STEELE	SECRETARY	2.00	Officer Director	$0	$0	$0
AARON DEAN	CHAPTER ATTORNEY	2.00	Director	$0	$0	$0
BOAZ ERICKSON	DIRECTOR	2.00	Director	$0	$0	$0
AMY BRATULICH	DIRECTOR	2.00	Director	$0	$0	$0
MATT HARTUNG	DIRECTOR	2.00	Director	$0	$0	$0
ROBB WALRATH	DIRECTOR	2.00	Director	$0	$0	$0
AUSTIN BLUM	DIRECTOR	2.00	Director	$0	$0	$0
DEREK BOOMER	DIRECTOR	2.00	Director	$0	$0	$0
KASEY CLOWER	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW LEACH	DIRECTOR	2.00	Director	$0	$0	$0
SABRINA TONN	DIRECTOR	2.00	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	$308,943	$227,537	$476,160	$81,406
2024	$296,922	$256,219	$362,231	$40,703
2023	$312,960	$265,609	$326,154	$47,351
2021	$232,477	$187,225	$368,101	$45,252

MINNESOTA SUBCONTRACTORS ASSOCIATION