TWIN CITY IRONWORKERS APPRENTICESHIP AND TRAINING FUND

EIN: 237115395

BLOOMINGTON, MN

Total Revenue
$3,172,596
Total Expenses
$2,477,022
Total Assets
$8,834,335
Net Assets
$8,632,085
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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
1970
Legal Domicile
MN
Principal Officer
CHRIS RUST
Phone
9528540795
Tax Period
2025-01-01 to 2025-12-31

TWIN CITY IRONWORKERS APPRENTICESHIP AND TRAINING FUND, founded in 1970, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $696K, a strong 22% operating margin.

Mission

APPRENTICESHIP TRAINING AND EDUCATION FOR IRONWORKERS AND PROSPECTIVE IRONWORKERS.

Program Service Accomplishments

Program 1

APPRENTICESHIP TRAINING AND EDUCATION FOR IRONWORKERS AND PROSPECTIVE IRONWORKERS. IN THE CURRENT YEAR, THERE WERE OVER 340 APPRENTICES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $121,840
Program Service Revenue $2,983,681
Investment Income $38,829
Other Revenue $28,246
TOTAL REVENUE $3,172,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,033
Fundraising Expenses $0
Other Expenses $2,291,989
TOTAL EXPENSES $2,477,022

Year-over-Year Comparison

2025 2024 Change
Revenue $3,172,596 $2,409,386 +0.3%
Expenses $2,477,022 $2,420,135 +0.0%
Net Income $695,574 $-10,749 -65.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
42
Volunteers
11

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN SOWLES MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
BARRY DAVIES SECRETARY 1.00
Officer Director
$0 $0 $0
BRYAN HUTCHINSON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
DOUG MONTAVON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
HEIDI GUNDERSON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
CHRIS RUST CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEITH MUSOLF UNION TRUSTEE 1.00
Director
$0 $0 $0
JOE WILLIAMS MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
NICK PERTUCELLE UNION TRUSTEE 1.00
Director
$0 $0 $0
MIKE MAHOWALD UNION TRUSTEE 1.00
Director
$0 $0 $0
COBEY KLEIN UNION TRUSTEE 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
2025 $3,172,596 $2,477,022 $8,834,335 $695,574
2024 No data No data No data No data
2023 $2,514,354 $2,322,574 $8,063,962 $191,780
2022 $2,408,221 $2,317,717 $7,879,383 $90,504
2021 $2,059,566 $2,069,652 $8,189,632 $-10,086
2020 $2,271,449 $2,022,602 $9,042,648 $248,847
2019 $2,557,531 $2,104,724 $9,427,296 $452,807
2018 $3,067,633 $2,168,325 $9,870,442 $899,308
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