ROOFING INDUSTRY FUND OF MINNESOTA… - 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

1993

Legal Domicile

Principal Officer

JOHN QUARNSTROM

Phone

7635930941

Tax Period

2025-01-01 to 2025-12-31

ROOFING INDUSTRY FUND OF MINNESOTA INC, founded in 1993, is a small nonprofit that reported $436K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $525K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE UNION ROOFING INDUSTRY AND THE PUBLIC BY PROVIDING VARIOUS SERVICES TO MEMBER FIRMS, CONTRIBUTING FIRMS AND OTHER COMPANIES AND INDIVIDUALS WHO WORK WITHIN THE INDUSTRY. SERVICES INCLUDE PROVIDING PROGRAMS FOR EDUCATION, TRANING, RESEARCH AND PUBLIC RELATIONS AND ALSO ADMINISTRATION OF COLLECTIVE BARGAINING AGREEMENTS. THE ORGANIZATION ALSO CONDUCTS INDUSTRY SAFETY SEMINARS, JOBSITE SAFETY INSPECTIONS AND DEVELOPS JOBSITE SAFETY PLANS. THE ORGANIZATION REIMBURSES EMPLOYERS FOR THE COST OF PRE-EMPLOYMENT PHYSICAL EXAMS, FITNESS AND DRUG TESTS, AND REHABILITATION BENEFITS.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S PROGRAMS INCLUDE INDUSTRY EDUCATION AND TRAINING, ADMINISTRATION OF COLLECTIVE BARGAINING AGREEMENTS, INDUSTRY TECHNICAL RESEARCH, PUBLIC RELATIONS AND PROMOTIONS. THESE PROGRAMS EXPAND THE ROOFING INDUSTRY MARKET, IMPROVE EMPLOYER-UNION RELATIONS, AND INCREASE CONTRIBUTIONS BY THE INDUSTRY TO THE COMMUNITY. THE ORGANIZATION ALSO PROVIDES SCHOLARSHIPS; TEN SCHOLARSHIPS WERE AWARDED DURING 2025.THE ORGANIZATION CONDUCTED 61 INDUSTRY SAFETY SEMINARS, 1,243 JOBSITE SAFETY INSPECTIONS AND DEVELOPED 85 JOBSITE SAFETY PLANS DURING 2025 FOR THE BENEFIT OF 44 CONTRACTORS. THESE SERVICES CONTRIBUTED TO THE SAFETY OF APPROXIMATELY 800 EMPLOYEES AS WELL AS THE GENERAL PUBLIC.

Program 2

THE FUND REIMBURSED EMPLOYERS FOR THE COST OF PRE-EMPLOYMENT PHYSICAL EXAMS, FITNESS AND DRUG TESTS, AND REHABILITATION 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 (2025)

Revenue Breakdown

Contributions & Grants $231,858

Program Service Revenue $115,200

Investment Income $88,969

Other Revenue $0

TOTAL REVENUE $436,027

Expense Breakdown

Grants Paid $14,750

Salaries & Benefits $293,332

Fundraising Expenses $0

Other Expenses $160,118

TOTAL EXPENSES $524,579

Year-over-Year Comparison

	2025	2024	Change
Revenue	$436,027	$398,794	+0.1%
Expenses	$524,579	$500,147	+0.0%
Net Income	$-88,552	$-101,353	-0.1%

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

Key Employees

$200,322

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB POUTRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DON HOUSE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA DALSIN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BILL BERWALD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL ROEHRICK	TRUSTEE	1.00	Director	$0	$0	$0
RYAN ROMER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KROLCZYK	TRUSTEE	1.00	Director	$0	$0	$0
BRAD BURNS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN QUARNSTROM	ADMINISTRATOR	6.00	Officer	$0	$0	$0
BROCK HAMRE	INDUSTRY COORDINATOR	40.00	Key Emp	$153,571	$46,751	$200,322

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
2025	No data	No data	No data	No data
2025	$436,027	$524,579	$642,827	$-88,552
2024	$398,794	$500,147	$764,221	$-101,353
2023	$396,870	$499,258	$815,999	$-102,388
2022	$82,086	$44,733	$812,359	$37,353
2021	$254,216	$101,884	$1,045,196	$152,332
2020	$225,527	$98,043	$748,260	$127,484
2019	$212,060	$105,083	$574,312	$106,977
2018	$107,793	$98,338	$457,743	$9,455

ROOFING INDUSTRY FUND OF MINNESOTA INC