SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN (EIN 411305411) - 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

1977

Legal Domicile

Principal Officer

KRISTIN CAUSBY

Phone

9528540795

Tax Period

2023-07-01 to 2024-06-30

SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN, founded in 1977, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.7M, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

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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 $0

Program Service Revenue $18,592,071

Investment Income $3,064,400

Other Revenue $0

TOTAL REVENUE $21,656,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $440,390

TOTAL EXPENSES $17,935,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,656,471	$18,130,367	+0.2%
Expenses	$17,935,311	$13,563,131	+0.3%
Net Income	$3,721,160	$4,567,236	-0.2%

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

Total Directors

$210,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN CARDELL	TRUSTEE	0.45	Director	$0	$50,283	$188,237
STEVEN OLSON	TRUSTEE	0.45	Director	$97	$0	$157
SEAN SANNES	TRUSTEE	0.45	Director	$1,255	$5,168	$21,108
DEAN HOGSTAD	TRUSTEE	0.45	Director	$1,114	$0	$1,114
KRISTIN CAUSBY	TRUSTEE	0.45	Director	$0	$0	$0
MARK DRAPER	TRUSTEE	0.45	Director	$0	$0	$0
DON HAMEISTER	TRUSTEE	0.45	Director	$0	$0	$0
JASON TENTIS	TRUSTEE	0.45	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$21,656,471	$17,935,311	$75,158,458	$3,721,160
2023	$18,130,367	$13,563,131	$65,719,238	$4,567,236
2022	$17,053,059	$16,922,112	$55,498,601	$130,947
2021	$16,507,851	$17,926,941	$63,328,603	$-1,419,090
2020	$15,446,693	$14,130,879	$54,239,086	$1,315,814
2019	$14,938,770	$12,105,623	$50,430,474	$2,833,147
2018	$12,559,821	$13,256,594	$45,091,753	$-696,773

SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN