SHEET METAL & ROOFING INDUSTRY FUND OF THE NORTH CENTRAL REGION (EIN 416037649) - 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

1963

Legal Domicile

Principal Officer

JOHN QUARNSTROM

Phone

7635930941

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL & ROOFING INDUSTRY FUND OF THE NORTH CENTRAL REGION, founded in 1963, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023.

Mission

PROMOTE THE GENERAL WELFARE OF THE SHEET METAL, AIR CONDITIONING, ROOFING AND PIPING INDUSTRIES.

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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 $1,055,855

Investment Income $121

Other Revenue $0

TOTAL REVENUE $1,055,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,051,752

TOTAL EXPENSES $1,051,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,055,976	$1,049,258	+0.0%
Expenses	$1,051,752	$1,051,714	+0.0%
Net Income	$4,224	$-2,456	-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

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

$306,544

Total Directors

$12,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB CHAMBERLAND	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE QUELLO	PRESIDENT	1.00	Officer Director	$0	$0	$4,377
ERIC OLSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$1,400
SCOTT TORVINEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD GOOD	TRUSTEE	1.00	Director	$0	$0	$0
KYLE SYTSMA	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN BERWALD	TRUSTEE	1.00	Director	$0	$0	$0
CATHY MYERS	TRUSTEE	1.00	Director	$0	$0	$0
JOE LYON	TRUSTEE	1.00	Director	$0	$0	$1,200
ADAM KUETTEL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HEBIG	TRUSTEE	1.00	Director	$0	$0	$1,400
MITCH PRICE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GREENMAN	TRUSTEE	1.00	Director	$0	$0	$1,547
JASON HANSON	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN SCHUTZ	DIRECTOR	1.00	Director	$0	$0	$1,400
JESSIE HARTSUIKER	DIRECTOR	1.00	Director	$0	$0	$1,400
PATRICK HARTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN QUARNSTROM	CEO	1.00	Officer	$0	$38,460	$300,767
BLAKE PARSONS	DIRECTOR OF LABOR RELATIONS	1.00	Highest	$0	$20,156	$162,637
JONATHAN MORGAN	SAFETY DIRECTOR	1.00	Highest	$0	$29,591	$174,564

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	$1,055,976	$1,051,752	$97,200	$4,224
2022	$1,049,258	$1,051,714	$92,369	$-2,456
2021	$1,085,144	$1,082,842	$94,780	$2,302
2020	$1,040,838	$1,054,290	$92,751	$-13,452
2019	$1,163,726	$1,157,657	$106,073	$6,069
2018	$1,163,840	$1,177,251	$100,232	$-13,411

SHEET METAL & ROOFING INDUSTRY FUND OF THE NORTH CENTRAL REGION