MINNESOTA STATEWIDE LIMITED ENERGY APPRENTICESHIP & TRAINING TR FUND (EIN 043754972) - 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

2003

Legal Domicile

Principal Officer

MICHAEL ESTEP

Phone

7635715922

Tax Period

2024-05-01 to 2025-04-30

MINNESOTA STATEWIDE LIMITED ENERGY APPRENTICESHIP & TRAINING TR FUND, founded in 2003, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $602K, a strong 32% operating margin.

Mission

APPRENTICESHIP TRAINING FUND

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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 $130,209

Program Service Revenue $1,678,694

Investment Income $77,948

Other Revenue $0

TOTAL REVENUE $1,886,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $859,903

Fundraising Expenses $0

Program Expenses $764,879

Other Expenses $424,986

TOTAL EXPENSES $1,284,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,886,851	$1,728,562	+0.1%
Expenses	$1,284,889	$1,226,649	+0.0%
Net Income	$601,962	$501,913	+0.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN FERGUSON	TRUSTEE	1.00	Director	$0	$0	$0
PAUL AUGUSTINE	TRUSTEE	1.00	Director	$0	$0	$0
SEAN SANNES	TRUSTEE - PAST	1.00	Director	$0	$0	$0
DONALD SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK GIVENS	TRUSTEE	1.00	Director	$0	$0	$0
PHIL MYERS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BUSCH	TRUSTEE	1.00	Director	$0	$0	$0
BOB ERNST	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW COLVARD	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JOSH TALLEY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ESTEP	TRUSTEE	1.00	Director	$0	$0	$0
SAMANTHA DUGAN	TRUSTEE - PAST	1.00	Director	$0	$0	$0
DERRICK ATKINS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DRESSLER	TRAINING DIRECTOR	47.00	Highest	$123,467	$42,318	$165,785
BRANDON NELSON	INSTRUCTOR	43.00	Highest	$111,178	$37,361	$148,539
ONEKA JENKINS	INSTRUCTOR	43.00	Highest	$110,441	$37,096	$147,537
JASON ROLF	INSTRUCTOR	43.00	Highest	$109,781	$37,054	$146,835

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	$1,886,851	$1,284,889	$2,566,938	$601,962
2024	$1,728,562	$1,226,649	$2,339,530	$501,913
2023	$1,622,049	$1,131,885	$1,914,430	$490,164
2022	$1,482,084	$1,047,191	$1,209,314	$434,893
2021	$910,171	$1,024,505	$874,816	$-114,334
2020	$1,107,302	$1,117,740	$844,939	$-10,438
2019	$1,099,046	$1,062,189	$851,293	$36,857
2018	$953,825	$1,024,636	$824,450	$-70,811

MINNESOTA STATEWIDE LIMITED ENERGY APPRENTICESHIP & TRAINING TR FUND