ST PAUL ELECTRICAL WORKERS RESERVE TRUST

EIN: 411334004 Mutual Benefit

ST PAUL, MN

Total Revenue
$19,124,452
Total Expenses
$5,469,352
Total Assets
$229,662,086
Net Assets
$218,604,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MN
Principal Officer
BRANDON ANDERSON
Phone
9528540795
Tax Period
2024-10-01 to 2025-09-30

ST PAUL ELECTRICAL WORKERS RESERVE TRUST, founded in 1978, is a mid-sized nonprofit in the Mutual Benefit sector that reported $19.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.7M, a strong 71% operating margin.

Mission

TO PROVIDE MEDICAL COVERAGE FOR BARGAINING UNIT RETIREES, DISABLED PARTICIPANTS, AND SURVIVING SPOUSES OF DECEASED BARGAINING UNIT PARTICIPANTS AND RETIREES.

Program Service Accomplishments

Program 1

THE PURPOSE OF THIS PLAN IS TO PROVIDE MEDICAL COVERAGE FOR BARGAINING UNIT RETIREES, DIASBLED PARTICIPANTS AND SURVIVING SPOUSES OF DECEASED BARGAINING UNIT PARTICIPANTS AND RETIREES. AS OF THE END...

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THE PURPOSE OF THIS PLAN IS TO PROVIDE MEDICAL COVERAGE FOR BARGAINING UNIT RETIREES, DIASBLED PARTICIPANTS AND SURVIVING SPOUSES OF DECEASED BARGAINING UNIT PARTICIPANTS AND RETIREES. AS OF THE END OF THE PLAN YEAR, THERE WERE APPROXIMATELY 2,900 PARTICIPANTS.

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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 $6,362,073
Investment Income $12,761,241
Other Revenue $1,138
TOTAL REVENUE $19,124,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $888,240
TOTAL EXPENSES $5,469,352

Year-over-Year Comparison

2024 2023 Change
Revenue $19,124,452 $17,236,017 +0.1%
Expenses $5,469,352 $5,257,834 +0.0%
Net Income $13,655,100 $11,978,183 +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
6
Independent Members
1
Employees
N/A
Volunteers
11

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
$279,277
Total Directors
11
$970,022
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE KUHL SECRETARY, MGMT TRUSTEE 1.00
Officer Director
$0 $0 $279,277
NATE STEIN MGMT TRUSTEE 1.00
Director
$0 $0 $0
JT PEDERSEN MGMT TRUSTEE 1.00
Director
$0 $0 $0
PETER BOURLAND ALT MGMT TRUSTEE FORMER 1.00
Director
$0 $0 $0
RON SOMERVILLE ALT MGMT TRUSTEE 1.00
Director
$0 $0 $0
MIKE ESTEP ALT MGMT TRUSTEE 1.00
Director
$0 $3,068 $49,066
JAMES SCHULT UNION TRUSTEE 1.00
Director
$0 $0 $0
BRANDON ANDERSON CHAIRMAN, UNION TRUSTEE 1.00
Officer Director
$0 $0 $0
DOUGLAS SUCHANEK UNION TRUSTEE 1.00
Director
$0 $65,512 $235,815
JAMIE MCNAMARA ALT UNION TRUSTEE 1.00
Director
$0 $58,888 $202,056
LOGAN BEERE ALT UNION TRUSTEE 1.00
Director
$0 $59,258 $203,808
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 $19,124,452 $5,469,352 $229,662,086 $13,655,100
2024 $17,236,017 $5,257,834 $220,477,437 $11,978,183
2023 $12,456,156 $5,091,005 $182,800,730 $7,365,151
2022 $13,180,532 $4,885,715 $166,227,433 $8,294,817
2021 $22,002,363 $5,013,474 $202,369,489 $16,988,889
2020 $9,477,521 $3,796,196 $163,999,224 $5,681,325
2019 $12,783,358 $3,842,258 $154,068,667 $8,941,100
2018 $14,239,011 $3,901,991 $153,595,173 $10,337,020
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