MINNESOTA CEMENT MASONS HEALTH AND WELFARE FUND (EIN 416023462) - 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

1960

Legal Domicile

Principal Officer

CHAD MORRIS

Phone

6512561900

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA CEMENT MASONS HEALTH AND WELFARE FUND, founded in 1960, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH BENEFITS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,426,380

Investment Income $631,482

Other Revenue $0

TOTAL REVENUE $15,057,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $652,527

TOTAL EXPENSES $15,427,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,057,862	$13,648,589	+0.1%
Expenses	$15,427,283	$13,435,152	+0.1%
Net Income	$-369,421	$213,437	-2.7%

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

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

$639,045

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SCHUTTA	TRUSTEE - PAST	2.00	Director	$0	$52,023	$130,496
MIKE SYVERSRUD	TRUSTEE - PAST	2.00	Director	$0	$37,373	$93,494
BRIAN GULLICKSON	TRUSTEE	2.00	Director	$0	$74,077	$202,030
JARROD ASLESON	TRUSTEE	2.00	Director	$0	$2,348	$9,504
CHAD MORRIS	TRUSTEE	2.00	Director	$0	$75,237	$203,282
BRIAN FARMER	TRUSTEE	2.00	Director	$0	$0	$239
TIM WORKE	TRUSTEE	2.00	Director	$0	$0	$0
STEVE BULACH	TRUSTEE	2.00	Director	$0	$0	$0
SUBEN KANAGARATNAM	TRUSTEE - PAST	2.00	Director	$0	$0	$0
ERIC KELENY	TRUSTEE	2.00	Director	$0	$0	$0
SAM LIBKE	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
MARTHA HENRICKSON	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$15,057,862	$15,427,283	$23,439,653	$-369,421
2022	$13,648,589	$13,435,152	$22,754,532	$213,437
2021	$13,206,130	$13,925,345	$24,267,811	$-719,215
2020	$12,705,728	$13,104,374	$24,283,579	$-398,646
2019	$13,979,139	$13,341,521	$23,894,278	$637,618
2018	$12,505,279	$11,058,730	$22,001,251	$1,446,549

MINNESOTA CEMENT MASONS HEALTH AND WELFARE FUND