MINNESOTA GOVERNMENT ENGINEERING COUNCIL

EIN: 411401115

Inver Grove Heights, MN

Total Revenue
$524,180
Total Expenses
$640,027
Total Assets
$594,459
Net Assets
$586,966
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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
1972
Legal Domicile
MN
Principal Officer
Corey Mathisen
Phone
6517740996
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA GOVERNMENT ENGINEERING COUNCIL, founded in 1972, is a small nonprofit that reported $524K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $640K exceeded revenue, resulting in a 22% operating deficit.

Mission

Certified exclusive representative of employees of the State of Minnesota working as licensed engineers, engineering technicians, and surveyors.

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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 $436,515
Program Service Revenue $3,232
Investment Income $14,033
Other Revenue $70,400
TOTAL REVENUE $524,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $238,880
Fundraising Expenses $0
Program Expenses $448,017
Other Expenses $398,020
TOTAL EXPENSES $640,027

Year-over-Year Comparison

2024 2023 Change
Revenue $524,180 $474,876 +0.1%
Expenses $640,027 $207,339 +2.1%
Net Income $-115,847 $267,537 -1.4%
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
967
Independent Members
967
Employees
1
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
$10,500
Total Directors
10
$12,500
Key Employees
1
$146,053
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Kelly Labor Relations Specialist 45
Key Emp Highest
$146,053 $0 $146,053
Fernando Nacionales President 8.00
Officer
$3,600 $0 $3,600
Corey Mathisen Vice President 6.00
Officer
$2,400 $0 $2,400
Benton Campbell Secretary 4
Officer
$2,400 $0 $2,400
Wesley Leksell Treasurer 4.00
Officer
$2,100 $0 $2,100
Daniel Sullivan Director 2
Director
$2,000 $0 $2,000
Carroll Aasen Director 2
Director
$1,200 $0 $1,200
John Dalton Director 2
Director
$1,200 $0 $1,200
Jared DeMaster Director 2
Director
$1,200 $0 $1,200
Bruce Henningsgaard Director 2
Director
$1,200 $0 $1,200
Blake Nelson Director 2
Director
$1,200 $0 $1,200
Brandon JB Nelson Director 2
Director
$1,200 $0 $1,200
Michael Rude Director 2
Director
$1,200 $0 $1,200
Luke Schuette Director 2
Director
$1,200 $0 $1,200
Mark Trogstad-Isaacson Director 2
Director
$900 $0 $900
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
2024 $524,180 $640,027 $594,459 $-115,847
2023 $474,876 $568,698 $677,514 $-93,822
2022 $472,200 $567,363 $711,517 $-95,163
2021 $505,224 $417,188 $947,397 $88,036
2020 $464,967 $448,905 $859,081 $16,062
2019 $457,133 $415,525 $817,709 $41,608
2018 $456,655 $373,135 $775,101 $83,520
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