MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND (EIN 510159228) - 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

1975

Legal Domicile

Principal Officer

MATT MARQUIS

Phone

6516462121

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND, founded in 1975, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $439K, a strong 20% operating margin.

Mission

MMCIF'S MISSION IS TO PROVIDE QUALITY SERVICES TO MEMBERS WITH AN EMPHASIS ON LABOR RELATIONS, LEGISLATION, EDUCATION, INDUSTRY STANDARDS AND PROMOTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,935,229

Investment Income $253,000

Other Revenue $28,132

TOTAL REVENUE $2,216,361

Expense Breakdown

Grants Paid $42,764

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,734,391

TOTAL EXPENSES $1,777,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,216,361	$2,078,895	+0.1%
Expenses	$1,777,155	$1,742,783	+0.0%
Net Income	$439,206	$336,112	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY STEVENS	TREASURER	1.00	Officer Director	$0	$0	$0
ANDY GRAHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM FROEHLE	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT MARQUIS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSS NOAK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
JAIME QUELLO	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE WRIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN OLSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BISHOP	DIRECTOR	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	$2,216,361	$1,777,155	$5,537,702	$439,206
2023	$2,078,895	$1,742,783	$5,098,197	$336,112
2022	$1,819,561	$1,607,521	$4,754,414	$212,040
2021	$1,819,648	$1,537,258	$4,369,956	$282,390
2020	$1,738,614	$1,575,901	$4,107,000	$162,713
2019	$1,940,714	$1,578,556	$3,938,162	$362,158
2018	$1,837,377	$1,590,815	$3,496,957	$246,562

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND