NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FOUNDATION INC (EIN 263190992) - 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

2008

Legal Domicile

Principal Officer

PAT NILSEN

Phone

6513790200

Tax Period

2024-07-01 to 2025-06-30

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FOUNDATION INC, founded in 2008, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 101% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO UNION MEMBERS' FAMILIES.

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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 $70,589

Program Service Revenue $0

Investment Income $20,057

Other Revenue $-25,906

TOTAL REVENUE $64,740

Expense Breakdown

Grants Paid $108,508

Salaries & Benefits $0

Fundraising Expenses $12,487

Program Expenses $108,508

Other Expenses $21,297

TOTAL EXPENSES $129,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,740	$218,911	-0.7%
Expenses	$129,805	$105,046	+0.2%
Net Income	$-65,065	$113,865	-1.6%

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

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

$396,242

Total Directors

$1,151,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT CAMPANARIO	CHAIR	1.00	Officer Director	$0	$1,067	$3,052
PATRICK NILSEN	SECRETARY	1.00	Officer Director	$0	$54,819	$393,190
JOHN DELANY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE NORDIN	DIRECTOR	1.00	Director	$0	$50,250	$270,176
DOMINIC ANDRIST	DIRECTOR	1.00	Director	$0	$37,769	$206,015
JON MAHAN	DIRECTOR	1.00	Director	$0	$109,843	$278,638
MICHAEL ADAMAVICH	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
2025	$64,740	$129,805	$752,499	$-65,065
2024	$218,911	$105,046	$817,564	$113,865
2023	$199,349	$52,229	$703,699	$147,120
2022	$147,680	$54,683	$556,579	$92,997

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FOUNDATION INC