NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS (EIN 390776395) - 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

1881

Legal Domicile

Principal Officer

MICHAEL J KWIATKOWSKI

Phone

9209962300

Tax Period

2025-07-01 to 2026-01-07

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS, founded in 1881, is a mid-sized nonprofit that reported $32.3M in total revenue in fiscal year 2025. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $28.1M left a modest 13% surplus.

Mission

TO PROMOTE AND PROTECT THE INTEREST OF MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $29,005,901

Investment Income $1,668,361

Other Revenue $1,597,125

TOTAL REVENUE $32,346,387

Expense Breakdown

Grants Paid $122,592

Salaries & Benefits $20,110,733

Fundraising Expenses $0

Other Expenses $7,886,821

TOTAL EXPENSES $28,120,146

Year-over-Year Comparison

	2025	2024	Change
Revenue	$32,346,387	$48,330,835	-0.3%
Expenses	$28,120,146	$82,561,653	-0.7%
Net Income	$4,226,241	$-34,230,818	-1.1%

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

394

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
PATRICK NILSEN	EST	40.00		$371,368	$0	$371,368
WAYNE NORDIN	ASST EST/EXE	40.00		$279,357	$0	$279,357
BURT JOHNSON	GENERAL COUN	40.00	Highest	$259,852	$0	$259,852
BRIAN EWING	ASST EST/EXE	40.00	Highest	$220,347	$0	$220,347
ROBB NELSON	DEPUTY GEN C	40.00	Highest	$201,317	$0	$201,317
JON MAHAN	WARDEN	40.00		$200,527	$0	$200,527
MICHAEL ADAMAVICH	DIRECTOR WIS	40.00	Highest	$193,955	$0	$193,955
DAVID COENEN	DIR MW AND P	40.00	Highest	$193,955	$0	$193,955
SHAUN COATES	TRUSTEE	40.00		$167,776	$0	$167,776
MARK SMITH	TRUSTEE	40.00		$148,775	$0	$148,775
JESSE GREGERSON	CONDUCTOR	40.00		$129,830	$0	$129,830
JAMES LEUTHNER	TRUSTEE	2.00		$14,038	$0	$14,038
MATT SOWELL	TRUSTEE	2.00		$12,427	$0	$12,427
MICHAEL J KWIATKOWSKI	UBC VICE PRE	40.00	Officer	$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
2026	$32,346,387	$28,120,146	No data	$4,226,241
2025	$48,330,835	$48,126,928	$74,049,885	$203,907
2024	$49,707,411	$47,372,388	$73,770,310	$2,335,023
2023	$44,779,448	$47,697,804	$73,063,652	$-2,918,356
2022	$41,628,761	$43,951,595	$75,610,152	$-2,322,834
2021	$40,138,567	$39,504,778	$80,577,529	$633,789
2020	$44,085,095	$41,319,288	$79,258,046	$2,765,807
2019	$41,443,639	$39,825,579	$75,953,140	$1,618,060
2018	$38,073,711	$36,715,384	$75,507,136	$1,358,327

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS