SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC (EIN 411487964) - 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

1984

Legal Domicile

Principal Officer

RON ANTONY

Phone

5074764060

Tax Period

2023-07-01 to 2024-06-30

SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC, founded in 1984, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.3M left a modest 4% surplus.

Mission

BUILDING TOMORROW'S WORKFORCE THROUGH TRAINING, LEADERSHIP, AND ECONOMIC DEVELOPMENT.

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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 $3,425,391

Program Service Revenue $18,667

Investment Income $12,218

Other Revenue $8,801

TOTAL REVENUE $3,465,077

Expense Breakdown

Grants Paid $677,758

Salaries & Benefits $2,058,652

Fundraising Expenses $0

Program Expenses $2,922,086

Other Expenses $596,369

TOTAL EXPENSES $3,332,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,465,077	$3,394,838	+0.0%
Expenses	$3,332,779	$3,391,072	0.0%
Net Income	$132,298	$3,766	+34.1%

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

115

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

$188,177

Total Directors

$114,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE BENDIX	EXECUTIVE DIRECTOR	45.00	Officer Director	$98,083	$12,572	$110,655
JUANITA LAURITSEN	SECRETARY	2.00	Officer Director	$780	$0	$780
JOHN POPOWSKI	DIRECTOR	1.00	Director	$650	$0	$650
GARY HENDRICKX	DIRECTOR	1.00	Director	$520	$0	$520
JOHN ROIGER	DIRECTOR	1.00	Director	$520	$0	$520
RON ANTONY	CHAIR	2.00	Officer Director	$390	$0	$390
BETH VAN HOVE	VICE CHAIR	1.00	Officer Director	$585	$0	$585
ANDY EASLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA RUSSELL	FISCAL MANAGER	36.00	Officer	$63,474	$12,293	$75,767

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	$3,465,077	$3,332,779	$1,687,760	$132,298
2023	$3,394,838	$3,391,072	$1,609,502	$3,766
2022	$3,360,969	$3,255,163	$1,518,179	$105,806
2021	$3,271,504	$3,152,433	$1,577,842	$119,071
2020	$3,325,535	$3,283,440	$1,454,542	$42,095
2019	$3,343,613	$3,281,738	$1,443,892	$61,875
2018	$3,477,010	$3,464,285	$1,224,735	$12,725

SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC