SHEET METAL AIR CONDITIONING AND R… - Form 990 Financial Data

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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

1947

Legal Domicile

Principal Officer

JOHN QUARNSTROM

Phone

7635930941

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL AIR CONDITIONING AND ROOFING CONTRACTORS' OF MN INC, founded in 1947, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Net assets of $3.7M represent 33 months of operating reserves.

Mission

THE ASSOCIATION PROMOTES THE GENERAL WELFARE OF THE UNIONIZED PORTION OF THE SHEET METAL, AIR CONDITIONING, ROOFING AND PIPING INDUSTRIES BY PROVIDING VARIOUS PROGRAM SERVICES TO MEMBER FIRMS, OTHER COMPANIES, AND INDIVIDUALS WHO WORK WITHIN THE INDUSTRIES.

Program Service Accomplishments

Program 1

THE ASSOCIATION NEGOTIATED COLLECTIVE BARGAINING AGREEMENTS BETWEEN ITS MEMBER CONTRACTORS AND VARIOUS LOCAL SHEET METAL, ROOFING AND PIPING UNIONS. IT ALSO ADMINISTERED THESE CONTRACTS ONCE THEY...

THE ASSOCIATION NEGOTIATED COLLECTIVE BARGAINING AGREEMENTS BETWEEN ITS MEMBER CONTRACTORS AND VARIOUS LOCAL SHEET METAL, ROOFING AND PIPING UNIONS. IT ALSO ADMINISTERED THESE CONTRACTS ONCE THEY WERE SIGNED.

Program 2

THE ASSOCIATION PROVIDED SUPPORT SERVICES TO ITS MEMBER CONTRACTORS FOR VARIOUS PENSION PLANS, HEALTH AND WELFARE PLANS, AND TRAINING FUNDS ESTABLISHED UNDER COLLECTIVE BARGAINING AGREEMENTS.

Program 3

THE ASSOCIATION ASSISTED MEMBER FIRMS IN DEVELOPING COMPANY-WIDE SAFETY PROGRAMS AND CUSTOMIZED SAFETY TRAINING. IT ALSO ASSISTED WITH OSHA COMPLIANCE, REVIEWS OF SAFETY AND HEALTH PROGRAMS, AND A...

THE ASSOCIATION ASSISTED MEMBER FIRMS IN DEVELOPING COMPANY-WIDE SAFETY PROGRAMS AND CUSTOMIZED SAFETY TRAINING. IT ALSO ASSISTED WITH OSHA COMPLIANCE, REVIEWS OF SAFETY AND HEALTH PROGRAMS, AND A NUMBER OF OTHER SAFETY RELATED SERVICES.

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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 $1,196,249

Investment Income $137,490

Other Revenue $10,810

TOTAL REVENUE $1,344,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $880,761

Fundraising Expenses $0

Other Expenses $587,181

TOTAL EXPENSES $1,467,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,344,549	$1,296,592	+0.0%
Expenses	$1,467,942	$1,486,294	0.0%
Net Income	$-123,393	$-189,702	-0.3%

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

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

$308,091

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	$4,377	$0	$4,377
ERIC OLSON	VICE PRESIDENT	1.00	Officer Director	$1,400	$0	$1,400
SCOTT TORVINEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD GOOD	DIRECTOR	1.00	Director	$0	$0	$0
KYLE SYSTSMA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BERWALD	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MYERS	DIRECTOR	1.00	Director	$0	$0	$0
JOE LYON	DIRECTOR	1.00	Director	$1,200	$0	$1,200
ADAM KUETTEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HEBIG	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MITCH PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JASON HANSON	SEC/TREASURER	1.00	Officer Director	$1,547	$0	$1,547
STEVE GREENMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHUTZ	DIRECTOR	1.00	Director	$1,400	$0	$1,400
JESSIE HARTSUIKER	DIRECTOR	1.00	Director	$1,400	$0	$1,400
PATRICK HARTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN QUARNSTROM	CEO	39.00	Officer	$262,307	$38,460	$300,767
BLAKE PARSONS	DIRECTOR OF LABOR RELATIONS	39.00	Highest	$142,481	$20,156	$162,637
JONATHAN MORGAN	SAFETY DIRECTOR	39.00	Highest	$144,973	$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	$1,344,549	$1,467,942	$3,724,381	$-123,393
2022	$1,296,592	$1,486,294	$3,641,857	$-189,702
2021	$1,428,159	$1,135,920	$4,283,842	$292,239
2020	$1,232,499	$1,152,111	$3,952,689	$80,388
2019	$1,375,003	$1,194,274	$3,601,707	$180,729
2018	$1,349,749	$1,103,680	$3,184,945	$246,069

SHEET METAL AIR CONDITIONING AND ROOFING CONTRACTORS' OF MN INC