SOUTH CENTRAL MINN ELEC INDUSTRY J… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $1,023,370 Revenue: $1,527,996

TO PROVIDE TRAINING AND EDUCATION COURSES FOR APPRENTICES, JOURNEYMEN, AND OTHERS WITHIN THE ELECTRICAL CONTRACTING INDUSTRY SUBJECT TO THE JURISDICTION OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL...

TO PROVIDE TRAINING AND EDUCATION COURSES FOR APPRENTICES, JOURNEYMEN, AND OTHERS WITHIN THE ELECTRICAL CONTRACTING INDUSTRY SUBJECT TO THE JURISDICTION OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 343.

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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 $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

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

$4,685

Total Directors

$12,115

Key Employees

Highest Compensated

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

SOUTH CENTRAL MINN ELEC INDUSTRY JOINT APPRENTSHP & TRAIN TRUST FUND