SOUTHEAST MINNESOTA PRIVATE INDUST… - 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

1984

Legal Domicile

Principal Officer

JINNY RIETMANN

Phone

5072925180

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST MINNESOTA PRIVATE INDUSTRY COUNCIL INC, founded in 1984, is a community nonprofit in the Employment sector that reported $9.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO DEVELOP AND ADVANCE THE WORKFORCE OF SOUTHEAST MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $3,956,186 Revenue: $0

ANOTHER PROGRAM SERVICE IS FOR ADULTS EMPLOYMENT AND TRAINING PROVIDES EMPLOYMENT AND TRAINING SERVICES TO APPROXIMATELY 1,456 PARTICIPANTS.

Program 2

Expenses: $2,895,854 Revenue: $0

WELFARE REFORM SERVICES PROVIDE ASSESSMENT, JOB SEARCH, TRAINING, COMPLIANCE TIME TRACKING, JOB PLACEMENT AND SUPPORT SERVICES TO 3,850 PARTICIPANTS.

Program 3

Expenses: $1,573,185 Revenue: $0

DISLOCATED WORKER SERVICES PROVIDE INTAKE ASSESSMENT, JOB SEARCH, TRAINING, JOB PLACEMENT AND SUPPORTIVE SERVICES TO 1,928 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,866,625

Program Service Revenue $0

Investment Income $0

Other Revenue $38,369

TOTAL REVENUE $9,904,994

Expense Breakdown

Grants Paid $1,656,052

Salaries & Benefits $6,719,278

Fundraising Expenses $0

Program Expenses $9,935,934

Other Expenses $1,747,524

TOTAL EXPENSES $10,122,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,904,994	$10,854,616	-0.1%
Expenses	$10,122,854	$10,726,649	-0.1%
Net Income	$-217,860	$127,967	-2.7%

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

183

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

$504,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KINGSLEY JIM	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
SAYLES PHIL	PRESIDENT	4.00	Officer Director	$0	$0	$0
POWELL LANE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RECHTZIGEL BARB	2ND VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SABOL DEE	SECRETARY	4.00	Officer Director	$0	$0	$0
ROOT JIM	TREASURER	2.00	Officer Director	$0	$0	$0
AMAYA DALILA	DIRECTOR	2.00	Director	$0	$0	$0
BAMBRICK MIKE	DIRECTOR	2.00	Director	$0	$0	$0
BENIKE AARON	DIRECTOR	2.00	Director	$0	$0	$0
ABDILLE MUSTAFA	DIRECTOR	2.00	Director	$0	$0	$0
BOYD JEFFERY DR	DIRECTOR	2.00	Director	$0	$0	$0
BROWNELL LAURIE	DIRECTOR	2.00	Director	$0	$0	$0
CALDWELL SHELLY	DIRECTOR	2.00	Director	$0	$0	$0
GNEMI RICK	DIRECTOR	2.00	Director	$0	$0	$0
HOLTHAUS NADINE	DIRECTOR	2.00	Director	$0	$0	$0
LUNDBERG MARLEEN	DIRECTOR	2.00	Director	$0	$0	$0
MAIN ERIN	DIRECTOR	2.00	Director	$0	$0	$0
MCKAY VICKI	DIRECTOR	2.00	Director	$0	$0	$0
PUGLEASA JOHN	DIRECTOR	2.00	Director	$0	$0	$0
PYFFEROEN MICHELLE	DIRECTOR	2.00	Director	$0	$0	$0
BERG RACHEL	DIRECTOR	2.00	Director	$0	$0	$0
SMITH GEOFF	DIRECTOR	2.00	Director	$0	$0	$0
STEELE SHELDON	DIRECTOR	2.00	Director	$0	$0	$0
THOMPSON JENA	DIRECTOR	2.00	Director	$0	$0	$0
URIAS MARV	DIRECTOR	2.00	Director	$0	$0	$0
WATSON JOY	DIRECTOR	2.00	Director	$0	$0	$0
LENTZ MITCH	DIRECTOR	2.00	Director	$0	$0	$0
HERBER AUTUMN	DIRECTOR	2.00	Director	$0	$0	$0
OTTESON ALISHA	DIRECTOR	2.00	Director	$0	$0	$0
CALLAHAN RANDI	DIRECTOR	2.00	Director	$0	$0	$0
LUNDEEN LORNE	DIRECTOR	2.00	Director	$0	$0	$0
BUDIMLIC ARMIN	DIRECTOR	2.00	Director	$0	$0	$0
HENDERSON LIZ	DIRECTOR	2.00	Director	$0	$0	$0
EATON JEAN	DIRECTOR	2.00	Director	$0	$0	$0
HANSON CHRIS	DIRECTOR	2.00	Director	$0	$0	$0
LAMERS CATHY	DIRECTOR	2.00	Director	$0	$0	$0
RIETMANN JINNY	EXECUTIVE DIRECTOR	40.00	Officer	$114,956	$61,883	$176,839
ASHTON BRIAN	FISCAL DIRECTOR	40.00	Officer	$99,158	$56,255	$155,413
JENSEN WANDA	OPERATIONS DIRECTOR	40.00	Officer	$107,479	$64,302	$171,781

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	$9,904,994	$10,122,854	$2,744,687	$-217,860
2023	$10,854,616	$10,726,649	$1,973,313	$127,967
2022	$8,914,255	$8,843,310	$868,120	$70,945
2021	$6,938,344	$6,964,030	$729,741	$-25,686
2020	$7,118,871	$7,097,952	$685,160	$20,919
2019	$7,204,097	$7,216,644	$868,031	$-12,547
2018	$6,674,035	$6,689,056	$936,425	$-15,021

SOUTHEAST MINNESOTA PRIVATE INDUSTRY COUNCIL INC