INJURED WORKERS REHABILITATION FUND (EIN 411757224) - 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

1993

Legal Domicile

Principal Officer

JOHN QUARNSTROM

Phone

7635930941

Tax Period

2022-01-01 to 2022-12-31

INJURED WORKERS REHABILITATION FUND, founded in 1993, is a small nonprofit that reported $133K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 107% operating deficit.

Mission

THE FUND WAS ESTABLISHED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE TWIN CITIES ROOFING CONTRACTORS ASSOCIATION AND THE UNITED UNION OF ROOFERS, WATERPROOFERS, AND ALLIED WORKERS, LOCAL UNION NO. 96. ITS PRIMARY PURPOSE IS TO PROVIDE SAFETY TRAINING PROGRAMS, SAFETY INSPECTIONS AND SAFETY PLANS FOR THE BENEFIT OF EMPLOYERS AND EMPLOYEES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,223

Program Service Revenue $81,000

Investment Income $50,060

Other Revenue $0

TOTAL REVENUE $133,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,112

Fundraising Expenses $0

Other Expenses $78,214

TOTAL EXPENSES $275,629

Year-over-Year Comparison

	2022	2021	Change
Revenue	$133,283	$248,304	-0.5%
Expenses	$275,629	$373,746	-0.3%
Net Income	$-142,346	$-125,442	+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

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
JUDY OLSON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRAD BURNS	TRUSTEE	1.00	Director	$0	$0	$0
BOB POUTRE	TRUSTEE	1.00	Director	$0	$0	$0
JOE O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
BILL BERWALD	TRUSTEE	1.00	Director	$0	$0	$0
RYAN ROMER	TRUSTEE	1.00	Director	$0	$0	$0
DON HOUSE	TRUSTEE	1.00	Director	$0	$0	$0
DAVE MCDOWALL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN QUARNSTROM	ADMINISTRATOR	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
2022	$133,283	$275,629	No data	$-142,346
2021	$248,304	$373,746	$225,525	$-125,442
2020	$215,368	$357,087	$393,498	$-141,719
2019	$259,353	$376,167	$584,882	$-116,814
2018	$365,206	$360,922	$666,008	$4,284

INJURED WORKERS REHABILITATION FUND