NORTHERN MINNESOTA BUILDERS ASSOCIATION (EIN 411838381) - 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

1996

Legal Domicile

Principal Officer

ERIC SIMONSON

Phone

2183266622

Tax Period

2024-01-01 to 2024-12-31

NORTHERN MINNESOTA BUILDERS ASSOCIATION, founded in 1996, is a small nonprofit that reported $241K in total revenue in fiscal year 2024.

Mission

THE MAIN FOCUSES OF THE NORTHERN MINNESOTA BUILDERS ASSOCIATION ARE: ADVOCACY, EDUCATION, GOVERNANCE AFFAIRS, AND LEGISLATION

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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 $106,741

Program Service Revenue $108,723

Investment Income $2,468

Other Revenue $23,428

TOTAL REVENUE $241,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,427

Fundraising Expenses $0

Program Expenses $161,274

Other Expenses $156,706

TOTAL EXPENSES $234,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,360	$230,327	+0.0%
Expenses	$234,133	$232,723	+0.0%
Net Income	$7,227	$-2,396	-4.0%

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

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

$70,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SIMONSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JARED CRAIGLOW	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM BREG	SECRETARY	N/A	Officer Director	$0	$0	$0
ERIC CREGO	TREASURER	N/A	Director	$0	$0	$0
ERIC STROMMER	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN WILSON	DIRECTOR	N/A	Director	$0	$0	$0
ERIC ELHARDT	DIRECTOR	N/A	Director	$0	$0	$0
CARIE OLDS	EXECUTIVE DI	40.00	Director	$70,615	$0	$70,615

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
2024	$241,360	$234,133	$77,112	$7,227
2023	$230,327	$232,723	$71,566	$-2,396
2022	$215,546	$202,080	$74,417	$13,466
2021	$218,213	$195,154	$57,985	$23,059
2020	$193,611	$169,906	$34,886	$23,705
2019	$180,653	$174,123	$12,780	$6,530
2018	$165,167	$160,396	$9,721	$4,771

NORTHERN MINNESOTA BUILDERS ASSOCIATION