UNION CENTER INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $138,101 Revenue: $84,730

THE ORGANIZATION PROVIDES A MEETING PLACE FOR UNION MEMBERS IN THE AREA AS WELL AS PROVIDING OFFICES FOR EACH UNION DEPARTMENT. CURRENTLY 2 LOCAL UNIONS HAVE OFFICE SPACE IN THE FACILITY AND ONE...

THE ORGANIZATION PROVIDES A MEETING PLACE FOR UNION MEMBERS IN THE AREA AS WELL AS PROVIDING OFFICES FOR EACH UNION DEPARTMENT. CURRENTLY 2 LOCAL UNIONS HAVE OFFICE SPACE IN THE FACILITY AND ONE HOLDS REGULAR MEETINGS IN THE BUILDING. THERE IS ONE LOCAL UNION THAT USES THE FACILITY FOR BI-ANNUAL TRAINING SESSIONS. THE FACILITY IS ALSO AVAILABLE FOR OTHER UNION RELATED EVENTS AND HAS BEEN UTILIZED FOR CONFERENCES AND MEETINGS.

Program 2

UNDER CHARITABLE GAMING LICENSE FORM THE STATE OF MINNESOTA, THE ORGANIZATION CONDUCTS LAWFUL GAMBLING AT THREE LOCATIONS. THE ORGANIZATION ALSO HOSTS AN ANNUAL BINGO SESSION AT THE CENTRAL LOCATION. IN ACCORD WITH STATE REGULATIONS, THE ORGANIZATION MADE MULTIPLE DONATIONS THROUGHOUT THE YEAR. THE ORGANIZATION MADE A TOTAL OF 18 CONTRIBUTIONS - 11 TO LOCAL NON- PROFITS, 1 TO OTHER NON-PROFITS, 2 TO LOCAL YOUTH ORGANIZATIONS, AND 4 TO THE LOCAL SCHOOL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$1,275

Total Directors

$19,697

Key Employees

Highest Compensated

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