FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND (EIN 411296033) - Form 990 Financial Analysis & Trantor Score

🔒

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

1977

Legal Domicile

Principal Officer

JEFF STARK

Phone

6513799600

Tax Period

2024-07-01 to 2025-06-30

FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND, founded in 1977, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 5% surplus.

Mission

APPRENTICESHIP TRAINING FUND

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $1,185,930

Program Service Revenue $2,748,600

Investment Income $77,746

Other Revenue $334

TOTAL REVENUE $4,012,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,294,738

Fundraising Expenses $0

Program Expenses $2,022,017

Other Expenses $1,498,867

TOTAL EXPENSES $3,793,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,012,610	$3,756,417	+0.1%
Expenses	$3,793,605	$3,830,842	0.0%
Net Income	$219,005	$-74,425	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF STARK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CRAIG PECK	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JORDAN FRY	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT PARKER	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
TERESA ELLIS	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
JON PIETZ	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
MARTHA HENRICKSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES BRINGLE	TRUSTEE	1.00	Director	$0	$0	$0
JOEL SWANSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN NESSE	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
CHAD FENNELL	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
SHANE BOSKOVICH	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
PHIL CARTER	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
BILL BOUDREAU	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
TADD TRATAR	TRUSTEE	1.00	Director	$0	$0	$0
TOM AASHEIM	DIRECTOR OF TECH EDUCATION	50.00	Highest	$128,412	$63,238	$191,650
JOHN BURCAW	CHIEF ADMIN OFFICER	50.00	Highest	$125,315	$63,238	$188,553
BRIAN HAGBERG	COORDINATOR	40.00	Highest	$107,734	$50,643	$158,377
ANTHONY OSBORN	INSTRUCTOR	40.00	Highest	$102,280	$50,172	$152,452
JORDAN BREMSETH	RECRUITER	40.00	Highest	$100,447	$50,643	$151,090

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	$4,012,610	$3,793,605	$3,248,071	$219,005
2024	$3,756,417	$3,830,842	$3,044,740	$-74,425
2023	$3,126,245	$3,441,699	$3,279,322	$-315,454
2022	$2,697,111	$2,847,835	$3,359,502	$-150,724
2021	$2,977,173	$2,868,002	$3,520,165	$109,171
2020	$2,760,859	$2,812,379	$3,695,670	$-51,520
2019	$2,845,135	$2,565,988	$3,440,046	$279,147
2018	$2,622,092	$2,211,733	$3,114,501	$410,359

FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND