SOUTH CENTRAL MINN ELEC INDUSTRY JOINT APPRENTSHP & TRAIN TRUST FUND

EIN: 411316134 501(c)(3) Employment

ROCHESTER, MN

Total Revenue
$1,594,883
Total Expenses
$1,187,027
Total Assets
$2,452,879
Net Assets
$2,001,965
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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
MN
Principal Officer
SEAN SANNES
Phone
5075297721
Tax Period
2024-07-01 to 2025-06-30

SOUTH CENTRAL MINN ELEC INDUSTRY JOINT APPRENTSHP & TRAIN TRUST FUND, founded in 1977, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $408K, a strong 26% operating margin.

Mission

APPRENTICE AND JOURNEYMEN 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 $0
Program Service Revenue $1,527,996
Investment Income $63,389
Other Revenue $3,498
TOTAL REVENUE $1,594,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $808,103
Fundraising Expenses $0
Program Expenses $1,023,370
Other Expenses $378,924
TOTAL EXPENSES $1,187,027

Year-over-Year Comparison

2024 2023 Change
Revenue $1,594,883 $1,449,648 +0.1%
Expenses $1,187,027 $1,091,166 +0.1%
Net Income $407,856 $358,482 +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

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Governance

Voting Members
8
Independent Members
5
Employees
8
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
2
$4,685
Total Directors
8
$12,115
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN SANNES TRUSTEE 2.00
Officer Director
$3,764 $921 $4,685
JOSHUA AILTS TRUSTEE 2.00
Director
$3,675 $725 $4,400
JOHN MCNALLAN TRUSTEE 2.00
Director
$2,487 $543 $3,030
KRISTIN CAUSBY TRUSTEE 2.00
Director
$0 $0 $0
KEVIN HAUSCHILD TRUSTEE 2.00
Director
$0 $0 $0
BRENT MOREY TRUSTEE 2.00
Director
$0 $0 $0
JORDAN BARNES TRUSTEE 2.00
Officer Director
$0 $0 $0
STEVEN CARDELL TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL BAMBRICK TRAINING DIRECTOR 46.00
Highest
$130,653 $45,620 $176,273
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 $1,594,883 $1,187,027 $2,452,879 $407,856
2024 $1,449,648 $1,091,166 $2,076,676 $358,482
2023 $1,088,402 $1,140,090 $1,637,036 $-51,688
2022 $1,078,051 $1,030,832 $1,317,240 $47,219
2021 $939,162 $961,336 $1,395,286 $-22,174
2020 $1,075,584 $1,015,451 $1,381,866 $60,133
2019 $1,011,443 $930,424 $1,336,292 $81,019
2018 $913,291 $814,656 $1,255,531 $98,635
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