ST PAUL PLUMBERS JOINT JOURNEYMEN … - Form 990 Financial Data

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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

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

TO PROVIDE UNIFORM AND ORGANIZED TRAINING FOR APPRENTICES INDENTURED TO THE ST. PAUL PLUMBERS AND GASFITTERS JOINT APPRENTICESHIP COMMITTEE.

Program Service Accomplishments

Program 1

Expenses: $527,016 Revenue: $1,413,660

TO PROVIDE UNIFORM AND ORGANIZED TRAINING FOR APPRENTICES INDENTURED TO THE ST. PAUL PLUMBERS AND GASFITTERS JOINT APPRENTICESHIP COMMITTEE.TO RAISE THE STANDARD OF THE PLUMBING CRAFT THROUGH...

TO PROVIDE UNIFORM AND ORGANIZED TRAINING FOR APPRENTICES INDENTURED TO THE ST. PAUL PLUMBERS AND GASFITTERS JOINT APPRENTICESHIP COMMITTEE.TO RAISE THE STANDARD OF THE PLUMBING CRAFT THROUGH CONTINUOUS STUDY OF PROCEDURES ESSENTIAL TO MAINTAINING THE SKILLS AND KNOWLEDGE REQUIRED BY THE GROWTH OF THE INDUSTRY IN THE STATE OF MINNESOTA.

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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 (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

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

Total Directors

$4,742

Key Employees

Highest Compensated

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

ST PAUL PLUMBERS JOINT JOURNEYMEN & APPRENTICE TRAINING TRUST