MINNESOTA & NORTH DAKOTA BRICKLAYERS & ALLIED CRAFTWORKERS HEALTH FUND

EIN: 416023461

MENDOTA HEIGHTS, MN

Total Revenue
$27,157,058
Total Expenses
$21,771,390
Total Assets
$109,459,079
Net Assets
$109,306,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MN
Principal Officer
DOUGLAS SCHROEDER
Phone
6512561801
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA & NORTH DAKOTA BRICKLAYERS & ALLIED CRAFTWORKERS HEALTH FUND, founded in 1961, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2023. The organization ran a surplus of $5.4M, a strong 20% operating margin.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PAYMENT OF HOSPITAL, MEDICAL, DENTAL, DISABILITY, DEATH, AND VISION BENEFITS FOR 2,133 UNION MEMBERS AND THEIR DEPENDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,997,434
Investment Income $3,159,624
Other Revenue $0
TOTAL REVENUE $27,157,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,458,293
TOTAL EXPENSES $21,771,390

Year-over-Year Comparison

2023 2022 Change
Revenue $27,157,058 $26,476,173 +0.0%
Expenses $21,771,390 $24,464,712 -0.1%
Net Income $5,385,668 $2,011,461 +1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
2
Employees
N/A
Volunteers
12

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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS SCHROEDER SEE SCHEDULE O 1.00
Officer Director
$0 $0 $0
MICHAEL GANZ SEE SCHEDULE O 1.00
Director
$0 $0 $0
FRANK GRAZZINI II MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
AMY THOMPSON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
STAN PACZYNSKI SEE SCHEDULE O 1.00
Director
$0 $0 $0
RON RASLEY MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
JOHN NESSE MANAGEMENT TRUSTEE, SECRETARY 5.00
Officer Director
$0 $0 $0
BOB MILLER ALTERNATE MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
TRENT SCHIEFFER ALTERNATE MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ERIC VIK SEE SCHEDULE O 1.00
Director
$0 $0 $0
AMANDA EIYNK ALTERNATE MANAGEMENT TRUST 1.00
Director
$0 $0 $0
JAKE NELSON UNION TRUSTEE 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
2024 No data No data No data No data
2023 $27,157,058 $21,771,390 $109,459,079 $5,385,668
2022 $26,476,173 $24,464,712 $97,292,256 $2,011,461
2021 $30,682,559 $23,678,187 $109,193,253 $7,004,372
2020 $27,175,725 $20,893,676 $98,836,850 $6,282,049
2019 $28,478,948 $23,842,252 $86,609,284 $4,636,696
2019 $28,478,948 $23,842,252 $86,609,284 $4,636,696
2018 $29,772,969 $23,260,250 $74,484,003 $6,512,719
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