LABORERS INTERNATIONAL UNION OF NORTH AMERICA - DISTRICT COUNCIL OF MN AND ND (EIN 410917324) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

JOEL SMITH

Phone

6516539776

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTERNATIONAL UNION OF NORTH AMERICA - DISTRICT COUNCIL OF MN AND ND, founded in 1968, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 15% surplus.

Mission

LABOR ORGANIZATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $961,000

Program Service Revenue $4,885,248

Investment Income $340,752

Other Revenue $17,351

TOTAL REVENUE $6,204,351

Expense Breakdown

Grants Paid $705,453

Salaries & Benefits $1,599,434

Fundraising Expenses $0

Other Expenses $2,995,594

TOTAL EXPENSES $5,300,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,204,351	$5,073,651	+0.2%
Expenses	$5,300,481	$5,476,558	0.0%
Net Income	$903,870	$-402,907	-3.2%

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

$321,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL SMITH	PRESIDENT/BUSINESS MANAGER	40.00	Officer	$198,768	$114,694	$313,462
DAN OLSON	SECRETARY-TREASURER	1.00	Officer	$6,000	$1,740	$7,740
JOE FOWLER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAN BRADY	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
SHELDON STEELE	EXECUTIVE BOARD - PAST	1.00	Officer	$0	$0	$0
SHAWN BRAFORD	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
DEREK PEDERSON	AUDITOR	1.00	Officer	$0	$0	$0
PATRICK O'CONNELL	AUDITOR	1.00	Officer	$0	$0	$0
STACEY KARELS	AUDITOR	1.00	Officer	$0	$0	$0
AJ LANGE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
LORNE LUNDEEN	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
MITCHELL CLENDENEN	SERGEANT-AT-ARMS	1.00	Officer	$0	$0	$0
KRISTOFER FREDSON	DIRECTOR PUBLIC AFFAIRS	40.00	Highest	$141,641	$89,332	$230,973
JOHN THORSON	LEGISLATIVE DIRECTOR/POLITICAL	40.00	Highest	$130,625	$84,202	$214,827
BEN WEIDEMAN	COUNCIL REPRESENTATIVE	40.00	Highest	$126,084	$82,337	$208,421
ELIZABETH XIONG	COMMUNICATIONS DIRECTOR	40.00	Highest	$141,872	$89,313	$231,185

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	$6,204,351	$5,300,481	$15,248,224	$903,870
2023	$5,073,651	$5,476,558	$13,997,254	$-402,907
2022	$5,871,701	$6,688,844	$11,956,801	$-817,143
2021	$4,907,630	$3,598,164	$14,536,923	$1,309,466
2020	$14,863,122	$13,572,763	$13,407,207	$1,290,359
2019	$15,237,414	$14,079,936	$11,804,787	$1,157,478
2018	$13,458,381	$14,221,547	$10,322,040	$-763,166

LABORERS INTERNATIONAL UNION OF NORTH AMERICA - DISTRICT COUNCIL OF MN AND ND