Civic Intelligence

Sheet Metal & Roofing Industry Fund

EIN 41-6037649 • 501(c)6 • Brooklyn Center, MN

Profile

To establish and conduct educational programs for employees of the sheet metal and roofing industries, to engage in public relations and advertising programs, to develop and increase consumer demand, and to protect and improve existing standards within the industries.

6200 Shingle Creek Parkway Ste 130Brooklyn Center, MN 55430

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

35th percentile

0.3%

Higher net margin than 35% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$326,488

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 30.7% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

41st percentile

2.6%

Faster asset growth than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.8%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$99,759

Up $2,559 (+2.6%) from 2023

Liabilities

Down

$751

Down $409 (-35%) from 2023

Net Assets

Up

$99,008

Up $2,968 (+3.1%) from 2023

Revenue

Up

$1,064,665

Up $8,689 (+0.8%) from 2023

Expenses

Up

$1,061,697

Up $9,945 (+0.9%) from 2023

Net Income

Down

$2,968

Down $1,256 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $22,152Liabilities 2010: $0Net Assets 2010: $22,1522010Assets 2011: $18,773Liabilities 2011: $0Net Assets 2011: $18,7732011Assets 2012: $19,330Liabilities 2012: $0Net Assets 2012: $19,3302012Assets 2013: $19,284Liabilities 2013: $0Net Assets 2013: $19,2842013Assets 2014: $20,211Liabilities 2014: $0Net Assets 2014: $20,2112014Assets 2015: $20,196Liabilities 2015: $0Net Assets 2015: $20,1962015Assets 2016: $117,289Liabilities 2016: $1,715Net Assets 2016: $115,5742016Assets 2017: $113,525Liabilities 2017: $761Net Assets 2017: $112,7642017Assets 2018: $100,232Liabilities 2018: $879Net Assets 2018: $99,3532018Assets 2019: $106,073Liabilities 2019: $651Net Assets 2019: $105,4222019Assets 2020: $92,751Liabilities 2020: $781Net Assets 2020: $91,9702020Assets 2021: $94,780Liabilities 2021: $508Net Assets 2021: $94,2722021Assets 2022: $92,369Liabilities 2022: $553Net Assets 2022: $91,8162022Assets 2023: $97,200Liabilities 2023: $1,160Net Assets 2023: $96,0402023Assets 2024: $99,759Liabilities 2024: $751Net Assets 2024: $99,0082024

Highlighted filing

2024

Assets$99,759
Liabilities$751
Net Assets$99,008

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $661,1342010Revenue 2011: $741,130Expenses 2011: $744,509Net Income 2011: -$3,3792011Expenses 2012: $824,9172012Revenue 2013: $911,472Expenses 2013: $911,518Net Income 2013: -$462013Revenue 2014: $1,002,388Expenses 2014: $1,001,461Net Income 2014: $9272014Revenue 2015: $1,223,244Expenses 2015: $1,223,259Net Income 2015: -$152015Revenue 2016: $1,169,796Expenses 2016: $1,074,800Net Income 2016: $94,9962016Revenue 2017: $1,261,568Expenses 2017: $1,264,575Net Income 2017: -$3,0072017Revenue 2018: $1,163,840Expenses 2018: $1,177,251Net Income 2018: -$13,4112018Revenue 2019: $1,163,726Expenses 2019: $1,157,657Net Income 2019: $6,0692019Revenue 2020: $1,040,838Expenses 2020: $1,054,290Net Income 2020: -$13,4522020Revenue 2021: $1,085,144Expenses 2021: $1,082,842Net Income 2021: $2,3022021Revenue 2022: $1,049,258Expenses 2022: $1,051,714Net Income 2022: -$2,4562022Revenue 2023: $1,055,976Expenses 2023: $1,051,752Net Income 2023: $4,2242023Revenue 2024: $1,064,665Expenses 2024: $1,061,697Net Income 2024: $2,9682024

Highlighted filing

2024

Revenue$1,064,665
Expenses$1,061,697
Net Income$2,968

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.06$1.06$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.06$1.05$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$1.05$1.05$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$1.09$1.08$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$1.04$1.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.16$1.16$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.16$1.18$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.26$1.26$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.17$1.07$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.22$1.22$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.00$1.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.91$0.91$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.82
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.74$0.74$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 14, 2025
Return Version
2024v5.1
Gross Receipts
$1,064,665
Mission and Program Overview

Mission

To establish and conduct educational programs for employees of the sheet metal and roofing industries, to engage in public relations and advertising programs, to develop and increase consumer demand, and to protect and improve existing standards within the industries.

Promote the general welfare of the sheet metal, air conditioning, roofing and piping industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$88,745$86,284▼ $2,461
Accounts Receivable$211$8,089▲ $7,878
Cash and Non-Interest-Bearing Accounts$8,244$5,386▼ $2,858
Total Assets$97,200$99,759▲ $2,559
Liabilities
Accounts Payable and Accrued Expenses$1,160$751▼ $409
Total Liabilities$1,160$751▼ $409
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$96,040$99,008▲ $2,968
Total Net Assets Fund Balance$96,040$99,008▲ $2,968
Total Liabilities and Net Assets / Fund Balance$97,200$99,759▲ $2,559
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mary WeigelAccountant$135,158$135,158
Jason HansonVice President$5,300$5,300
Eric OlsonPresident$3,000$3,000
Brian SchutzTrustee$2,200$2,200
David HebigTrustee$2,200$2,200
Jaime QuelloPast President$2,200$2,200
Jessie HartsuikerTrustee$2,200$2,200
Scott FitchTrustee$2,200$2,200
Trevor WallishTrustee$2,200$2,200

Board Members and Trustees

NameTitle
Bob ChamberlandPast President
Casey MeinhardtDirector of Labor Relations
Jonathan MorganSafety Director
Adam KuettelTrustee
Brian BerwaldTrustee
Joe LyonTrustee
Kyle SytsmaTrustee
Marlin KlaboTrustee
Mitch PriceTrustee
Patrick HartyTrustee
Rashid KadirTrustee
Scott DrennenTrustee
John QuarnstromCEO
Chad GoodSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,064,230
Investment Income
$10
Other Revenue
$425
Change in Net Assets
$2,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,061,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$1,061,697
Total Functional Expenses$0$0$0$1,061,697
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Every voting member of the board of directors of sheet metal, air conditioning and roofing contractors' of minnesota, inc. ("smarca") is given a voting position on the board of trustees of sheet metal & roofing industry fund of the north central region ("smrif"). The president of the board of directors of smarca is the chair of the board of trustees of smrif.

Form 990, Part VI, Section A, Line 7A

Every voting member of the board of directors of sheet metal, air conditioning and roofing contractors' of minnesota, inc. ("smarca") is given a voting position on the board of trustees of sheet metal & roofing industry fund of the north central region ("smrif"). The president of the board of directors of smarca is the chair of the board of trustees of smrif.

Form 990, Part VI, Section A, Line 7B

Members elect governing body members

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Before the form 990 was filed with the irs, it was reviewed by the ceo and presented to the board of directors for approval.

Form 990, Part VI, Section B, Line 11B

The 990 will be reviewed by the ceo and presented to the board of directors for approval before filing with the irs.

Form 990, Part VI, Section C, Line 19

The fund makes its governing documents and financial statements available to the public upon request in person at the fund's office. The fund does not currently have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Sheet Metal & Roofing Industry Fund
EIN
41-6037649
Phone
7635930941
Address
6200 SHINGLE CREEK PARKWAY STE 130, BROOKLYN CENTER, MN 55430

Signing Officer

Name
John Quarnstrom
Title
CEO
Phone
7635930941
Signed
2025-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Quarnstrom
Formed
1963
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
19

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
John Tauer
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

The industry fund receives contributions under terms of collective bargaining agreements between its member contractors and/or contributors, and various local sheet metal, roofing and piping unions. Significant program services are labor negotiations and contract administration, safety program services, fringe benefit fund support services and educational activities.

Form 990, Part XII, Line 1

The organization's consolidated financial statements were prepared on the modified cash basis of accounting. This basis differs from the generally accepted accounting principles primarily because the consolidated organization recognizes certain revenues and related assets when received rather than when earned and recognizes certain expenses when paid rather than when the obligation was incurred.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The industry fund is a minnesota nonprofit corporation and is exempt from income taxes under code section 501(c)(6) of the internal revenue code and minnesota statute. The industry fund's income tax returns are subject to review and examination by federal and state authorities. The industry fund is not aware of any activities that would jeopardize its tax exempt status. The industry fund is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JAIME QUELLO
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm2CHAD GOOD
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN BERWALD
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID HEBIG
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IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN QUARNSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm20JONATHAN MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm21MARY WEIGEL
IRS990/Form990PartVIISectionAGrp/PersonNm22CASEY MEINHARDT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt20SAFETY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21ACCOUNTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF LABOR RELATIONS
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IRS990/MissionDesc0TO ESTABLISH AND CONDUCT EDUCATIONAL PROGRAMS FOR EMPLOYEES OF THE SHEET METAL AND ROOFING INDUSTRIES, TO ENGAGE IN PUBLIC RELATIONS AND ADVERTISING PROGRAMS, TO DEVELOP AND INCREASE CONSUMER DEMAND, AND TO PROTECT AND IMPROVE EXISTING STANDARDS WITHIN THE INDUSTRIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INDUSTRY FUND IS A MINNESOTA NONPROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER CODE SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE. THE INDUSTRY FUND'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE INDUSTRY FUND IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE INDUSTRY FUND IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN QUARNSTROM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JONATHAN MORGAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CASEY MEINHARDT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SAFETY DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR OF LABOR RELATIONS
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO'S AND DIRECTOR OF LABOR RELATIONS'S COMPENSATION IS DETERMINED BY SMARCA, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY SMARCA TO DETERMINE THEIR COMPENSATION: 1. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01

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