NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS TRAINING FUND

EIN: 391243343 501(c)(3)

EAU CLAIRE, WI

Total Revenue
$6,782,933
Total Expenses
$4,650,998
Total Assets
$15,165,932
Net Assets
$15,040,207
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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
1975
Legal Domicile
WI
Principal Officer
MIKE ADAMAVICH
Phone
7158353174
Tax Period
2024-01-01 to 2024-12-31

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS TRAINING FUND, founded in 1975, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. The organization ran a surplus of $2.1M, a strong 31% operating margin.

Mission

TO PROVIDE EDUCATIONAL BENEFITS TO PAID MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $3,822,706 Revenue: $5,921,168

EDUCATIONAL AND TRAINING BENEFITS PAID TO AND FOR MEMBERS.TO PROVIDE EDUCATIONAL PROGRAMS TO TRAIN APPRENTICE CARPENTERS AND MILLWRIGHTS AND TO UPDATE JOURNEYMAN CARPENTERS AND MILLWRIGHTS SKILLS TO...

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EDUCATIONAL AND TRAINING BENEFITS PAID TO AND FOR MEMBERS.TO PROVIDE EDUCATIONAL PROGRAMS TO TRAIN APPRENTICE CARPENTERS AND MILLWRIGHTS AND TO UPDATE JOURNEYMAN CARPENTERS AND MILLWRIGHTS SKILLS TO ENSURE MAXIMUM EMPLOYABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,921,168
Investment Income $762,422
Other Revenue $99,343
TOTAL REVENUE $6,782,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,035,675
Fundraising Expenses $0
Program Expenses $3,822,706
Other Expenses $1,615,323
TOTAL EXPENSES $4,650,998

Year-over-Year Comparison

2024 2023 Change
Revenue $6,782,933 $6,319,827 +0.1%
Expenses $4,650,998 $4,393,303 +0.1%
Net Income $2,131,935 $1,926,524 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
26
Volunteers
10

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
4
$213,564
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB BARKER MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
JIM KLOBUCAR MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
PAT RODRIGUEZ LABOR TRUSTEE 1.00
Director
$0 $0 $0
DAVE COENEN LABOR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL ADAMAVICH LABOR TRUSTEE 1.00
Director
$0 $0 $0
COREY BIALCIK LABOR TRUSTEE 1.00
Director
$0 $0 $0
KYLE OLSON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
BARRY SCHOLZ MANAGEMENT TRUSTEE 1.00
Officer Director
$0 $0 $0
MIKE SHEA MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
WAYNE NORDIN LABOR TRUSTEE, CHARIMAN 1.00
Officer Director
$0 $0 $0
KEVIN HENNESSEY LABOR TRUSTEE 1.00
Director
$0 $0 $0
DEREK ALLEN MANAGEMENT TRUSTEE, SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
CHUCK SPOEHR MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GIESE TRAINNING DIRECTOR 45.00
Officer
$149,669 $63,895 $213,564
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
2024 No data No data No data No data
2024 $6,782,933 $4,650,998 $15,165,932 $2,131,935
2023 $6,319,827 $4,393,303 $12,916,448 $1,926,524
2022 $5,094,115 $4,353,586 $10,934,857 $740,529
2021 $4,232,713 $4,124,831 $10,404,488 $107,882
2020 $3,980,911 $3,924,174 $10,355,709 $56,737
2019 $3,526,955 $3,776,678 $10,247,423 $-249,723
2018 $3,251,708 $3,502,554 $10,433,463 $-250,846
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