MINNESOTA MECHANICAL CONTRACTORS I… - 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

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

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUNDS MISSION IS TO PROVIDE QUALITY SERVICES TO MEMBERS, WITH AN EMPHASIS ON LABOR RELATIONS, LEGISLATION, EDUCATION, INDUSTRY STANDARDS AND PROMOTIONS. FUNDS SHALL BE USED FOR INDUSTRY PROMOTIONAL AND RELATED PURPOSES.

Program Service Accomplishments

Program 1

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO INCREASE THE EFFICIENCY OF THE INDUSTRY. SOME METHODS OF ACCOMPLISHING THAT IN THE PRESENT YEAR INCLUDE PROVIDING TRAINING, EASIER ACCESS TO...

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO INCREASE THE EFFICIENCY OF THE INDUSTRY. SOME METHODS OF ACCOMPLISHING THAT IN THE PRESENT YEAR INCLUDE PROVIDING TRAINING, EASIER ACCESS TO INDUSTRY RELATED INFORMATION VIA WEBSITE, AND BY COMMUNICATING WITH THE LEGISLATURE REGARDING ISSUES IMPACTING THE MECHANICAL CONTRACTOR INDUSTRY.

Program 2

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND PROMOTES THE BENEFIT OF THE PUBLIC AS WELL AS AWARENESS OF THE CONTRACTORS INDUSTRY THROUGH PROGRAMS SUCH AS THE HEATS ON AND WATERS OFF PROGRAMS. THESE PROGRAMS PROVIDE SERVICES TO THE LOW INCOME, ELDERLY, AND DISABLED HOMEOWNERS WHO WOULD NOT NORMALLY BE ABLE TO AFFORD SUCH SERVICES

Program 3

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO DEVELOP JOB OPPORTUNITIES FOR THOSE WORKING WITHIN THE INDUSTRY. SOME EXAMPLES OF WAYS THIS WAS ACCOMPLISHED WERE UPDATING CONSTRUCTION...

MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO DEVELOP JOB OPPORTUNITIES FOR THOSE WORKING WITHIN THE INDUSTRY. SOME EXAMPLES OF WAYS THIS WAS ACCOMPLISHED WERE UPDATING CONSTRUCTION CAREERS.ORG WEBSITE, WORKING TO RECRUIT STUDENTS INTO THE INDUSTRY, AND WORKING WITH OTHER ORGANIZATIONS TO PROMOTE THE INDUSTRY.

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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