ST PAUL PLUMBERS JOINT JOURNEYMEN & APPRENTICE TRAINING TRUST

EIN: 410846508 501(c)(3)

ST PAUL, MN

Total Revenue
$1,448,421
Total Expenses
$796,896
Total Assets
$3,988,287
Net Assets
$3,988,287
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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
1959
Legal Domicile
MN
Principal Officer
MICHAEL HEDQUIST
Phone
6518461389
Tax Period
2023-01-01 to 2023-12-31

ST PAUL PLUMBERS JOINT JOURNEYMEN & APPRENTICE TRAINING TRUST, founded in 1959, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $652K, a strong 45% operating margin.

Mission

APPRENTICESHIP TRAINING FUND

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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 $9,000
Program Service Revenue $1,413,660
Investment Income $17,758
Other Revenue $8,003
TOTAL REVENUE $1,448,421

Expense Breakdown

Grants Paid $2,496
Salaries & Benefits $623,536
Fundraising Expenses $0
Program Expenses $527,016
Other Expenses $170,864
TOTAL EXPENSES $796,896

Year-over-Year Comparison

2023 2022 Change
Revenue $1,448,421 $1,309,195 +0.1%
Expenses $796,896 $690,417 +0.2%
Net Income $651,525 $618,778 +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
8
Independent Members
4
Employees
27
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
0
$0
Total Directors
9
$4,742
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH RASCHER TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW RIESCHL TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER BERG TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL HEDQUIST SECRETARY 1.00
Director
$513 $0 $513
RICHARD TOWNER TRUSTEE 1.00
Director
$1,333 $0 $1,333
TIMOTHY WILL TRUSTEE 1.00
Director
$1,230 $0 $1,230
RICHARD PETERSON TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER PLASTER TRUSTEE - PAST 1.00
Director
$231 $0 $231
RONALD STUVE TRUSTEE 1.00
Director
$1,435 $0 $1,435
RICK GALE APPRENTICE DIRECTOR 40.00
Highest
$125,623 $119,952 $245,575
JONATHAN LEMKE INSTRUCTOR 40.00
Highest
$132,128 $110,384 $242,512
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
2023 $1,448,421 $796,896 $3,988,287 $651,525
2022 $1,309,195 $690,417 $3,289,776 $618,778
2021 $1,006,321 $601,076 $2,717,560 $405,245
2020 $1,033,472 $594,205 $2,260,558 $439,267
2019 $1,008,911 $624,557 $1,809,654 $384,354
2018 $794,826 $569,880 $1,376,167 $224,946
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