MINNEAPOLIS ELECTRICAL JOINT APPRENTICESHIP & TRAINING TR FUND

EIN: 410951379 501(c)(3)

ST MICHAEL, MN

Total Revenue
$4,830,599
Total Expenses
$4,790,731
Total Assets
$7,620,633
Net Assets
$7,126,653
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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
MN
Principal Officer
JOHN AXELSON
Phone
7634970072
Tax Period
2024-05-01 to 2025-04-30

MINNEAPOLIS ELECTRICAL JOINT APPRENTICESHIP & TRAINING TR FUND, founded in 1968, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

APPRENTICESHIP AND 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 (2024)

Revenue Breakdown

Contributions & Grants $122,749
Program Service Revenue $4,621,779
Investment Income $58,071
Other Revenue $28,000
TOTAL REVENUE $4,830,599

Expense Breakdown

Grants Paid $262,762
Salaries & Benefits $2,849,251
Fundraising Expenses $0
Program Expenses $3,541,791
Other Expenses $1,678,718
TOTAL EXPENSES $4,790,731

Year-over-Year Comparison

2024 2023 Change
Revenue $4,830,599 $4,456,163 +0.1%
Expenses $4,790,731 $4,304,630 +0.1%
Net Income $39,868 $151,533 -0.7%
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
8
Employees
46
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
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE RAASCH TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY HEIMERL TRUSTEE 1.00
Director
$0 $0 $0
KURT MOBROTEN TRUSTEE 1.00
Director
$0 $0 $0
JOHN AXELSON TRUSTEE - CHAIRMAN 1.30
Director
$0 $0 $0
JERRY BECHER TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN CAUSBY TRUSTEE 1.00
Director
$0 $0 $0
ANTONIO HANSEN TRUSTEE - PAST 1.00
Director
$0 $0 $0
JOHN KRIPOTOS TRUSTEE 1.00
Director
$0 $0 $0
EDWARD GARCIA TRUSTEE 1.00
Director
$0 $0 $0
GREGORY HAYENGA INSTRUCTOR 44.00
Highest
$153,849 $50,995 $204,844
JOHN KJOME ASST TRAINING DIRECTOR 44.00
Highest
$136,659 $50,995 $187,654
DERRICK ATKINS TRAINING DIRECTOR - PAST 46.00
Highest
$145,681 $37,678 $183,359
JEREMY WEED INSTRUCTOR 44.00
Highest
$136,418 $50,334 $186,752
TREVOR TUREK TRAINING DIRECTOR 46.00
Highest
$151,904 $53,317 $205,221
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 $4,830,599 $4,790,731 $7,620,633 $39,868
2024 $4,456,163 $4,304,630 $7,484,836 $151,533
2023 $4,247,728 $4,076,624 $7,361,392 $171,104
2022 $3,993,532 $3,780,674 $7,123,310 $212,858
2021 $3,810,214 $3,646,491 $6,965,266 $163,723
2020 $4,263,783 $3,799,331 $6,811,669 $464,452
2019 $3,983,947 $3,728,166 $6,356,996 $255,781
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