PLUMBING & STEAMFITTERS JAC LOCAL 6 SOUTHEAST MINNESOTA ASSOCIATION (EIN 411427554) - 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

1965

Legal Domicile

Principal Officer

JEREMY THOMPSON

Phone

5072884172

Tax Period

2023-07-01 to 2024-06-30

PLUMBING & STEAMFITTERS JAC LOCAL 6 SOUTHEAST MINNESOTA ASSOCIATION, founded in 1965, is a small nonprofit that reported $797K in total revenue in fiscal year 2023.

Mission

EDUCATING REGISTERED APPRENTICES PROVIDES THE MOST PRACTICAL AND SOUND METHOD TO MEET THE NEED FOR A HIGH LEVEL OF SKILL, PREPARES INDIVIDUALS TO BE SKILLED CRAFT WORKERS, AND ENSURES THE INDUSTRY AN ADEQUATE SUPPLY OF SKILLED WORKERS.

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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 $14,560

Program Service Revenue $741,689

Investment Income $29,400

Other Revenue $11,358

TOTAL REVENUE $797,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,670

Fundraising Expenses $0

Other Expenses $312,574

TOTAL EXPENSES $797,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,007	$799,930	0.0%
Expenses	$797,244	$770,475	+0.0%
Net Income	$-237	$29,455	-1.0%

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

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

$117,019

Total Directors

$12,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMAN TORRES	DIRECTOR	2.00	Director	$3,505	$0	$3,505
JEREMY ANDRIST	DIRECTOR	2.00	Director	$0	$0	$0
NICK BUCKNELL	DIRECTOR	2.00	Director	$1,184	$0	$1,184
TOM ROOT	DIRECTOR	2.00	Director	$7,449	$0	$7,449
SAM ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK HARTY	DIRECTOR	2.00	Director	$0	$0	$0
STEVE PETTERSON	DIRECTOR	2.00	Director	$0	$0	$0
MATHEW MARQUIS	DIRECTOR	2.00	Director	$0	$0	$0
MITCH NESLER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN SAWINSKI	DIRECTOR	2.00	Director	$0	$0	$0
PHIL GRAY	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY THOMPSON	TRAINING COORDINATOR	45.00	Officer	$117,019	$0	$117,019

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	$797,007	$797,244	$1,307,062	$-237
2023	$799,930	$770,475	$1,314,966	$29,455
2022	$712,633	$621,917	$1,283,379	$90,716
2021	$575,291	$565,765	$1,191,639	$9,526
2020	$682,465	$563,201	$1,182,903	$119,264
2019	$568,206	$505,317	$1,061,404	$62,889

PLUMBING & STEAMFITTERS JAC LOCAL 6 SOUTHEAST MINNESOTA ASSOCIATION