UNION CENTER INC

EIN: 410727900

ALBERT LEA, MN

Total Revenue
$126,597
Total Expenses
$143,571
Total Assets
$299,832
Net Assets
$231,124
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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
1955
Legal Domicile
MN
Principal Officer
TIM NELSON
Phone
5073730649
Tax Period
2023-07-01 to 2024-06-30

UNION CENTER INC, founded in 1955, is a small nonprofit that reported $127K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $144K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDES A MEETING PLACE FOR UNION MEMBERS AND SERVES AS THE OFFICE OF EACH UNION DEPARTMENT. THE SPACE IS AVAILABLE TO ALL UNION MEMBERS IN THE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,671
Program Service Revenue $0
Investment Income $417
Other Revenue $109,509
TOTAL REVENUE $126,597

Expense Breakdown

Grants Paid $18,915
Salaries & Benefits $29,052
Fundraising Expenses $0
Program Expenses $138,101
Other Expenses $95,604
TOTAL EXPENSES $143,571

Year-over-Year Comparison

2023 2022 Change
Revenue $126,597 $79,525 +0.6%
Expenses $143,571 $122,347 +0.2%
Net Income $-16,974 $-42,822 -0.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
11
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
4
$1,275
Total Directors
11
$19,697
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM NELSON PRESIDENT 6.00
Officer
$255 $0 $255
JOHN SEVERTSON VICE-PRESIDE 1.00
Officer
$0 $0 $0
JEFF BENNETT SECRETARY 10.00
Officer
$0 $0 $0
STEPHANIE ADAMS TREASURER 4.00
Officer
$1,020 $0 $1,020
NANCY SMITH BOARD MEMBER 1.00
Director
$180 $0 $180
BILL AVERY BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD CHAPMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN HERFINDAHL BOARD MEMBER 1.00
Director
$10,282 $0 $10,282
ROBERT WOLTERS BOARD MEMBER 1.00
Director
$0 $0 $0
JANELLE TUTTLE BOARD MEMBER 1.00
Director
$5,363 $0 $5,363
DERBY OLSEN BOARD MEMBER 1.00
Director
$3,872 $0 $3,872
WENDY GREENFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
AL HALGERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HERR BOARD MEMBER 1.00
Director
$0 $0 $0
BETH ISSACSON BOARD MEMBER 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 No data No data No data No data
2024 $126,597 $143,571 $299,832 $-16,974
2023 $79,525 $122,347 $292,463 $-42,822
2022 $83,331 $82,198 $318,309 $1,133
2021 $55,880 $51,097 $305,607 $4,783
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