CONSTRUCTION LABORERS EDUCATION AND TRAINING FUND OF MNESOTA & N DKOTA

EIN: 411661947

LINO LAKES, MN

Total Revenue
$7,341,990
Total Expenses
$5,638,058
Total Assets
$37,770,570
Net Assets
$26,626,298
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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
1989
Legal Domicile
MN
Principal Officer
NORM EVERSON
Phone
6516536710
Tax Period
2024-01-01 to 2024-12-31

CONSTRUCTION LABORERS EDUCATION AND TRAINING FUND OF MNESOTA & N DKOTA, founded in 1989, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 23% operating margin.

Mission

APPRENTICESHIP TRAINING FUND

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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 $22,686
Program Service Revenue $6,622,994
Investment Income $624,462
Other Revenue $71,848
TOTAL REVENUE $7,341,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,871,543
Fundraising Expenses $0
Other Expenses $2,766,515
TOTAL EXPENSES $5,638,058

Year-over-Year Comparison

2024 2023 Change
Revenue $7,341,990 $7,197,005 +0.0%
Expenses $5,638,058 $5,041,779 +0.1%
Net Income $1,703,932 $2,155,226 -0.2%
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
12
Independent Members
1
Employees
22
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
2
$313,118
Total Directors
12
$1,404,582
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORM EVERSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOE FOWLER SECRETARY 1.00
Officer Director
$0 $117,139 $313,118
ERIC ERICKSON TRUSTEE 1.00
Director
$0 $0 $0
SAM LIBKE TRUSTEE 1.00
Director
$0 $0 $0
DAN OLSON TRUSTEE 1.00
Director
$0 $36,440 $66,828
JOEL SMITH TRUSTEE 1.00
Director
$0 $114,694 $313,462
CHRIS PELTIER TRUSTEE 1.00
Director
$0 $93,022 $235,874
JERRY NELSON TRUSTEE 1.00
Director
$0 $0 $0
NAP SCOTT TRUSTEE 1.00
Director
$0 $0 $0
ANDREW KROMROY TRUSTEE 1.00
Director
$0 $0 $0
STACEY KARELS TRUSTEE 1.00
Director
$0 $96,175 $245,980
SHAWN BRAFORD TRUSTEE 1.00
Director
$0 $86,389 $229,320
GARY LARSEN APPRENTICE COORDINATOR 40.00
Highest
$117,910 $44,402 $162,312
DEAN MILLS DIRECTOR APPRENTICE/TRAINING 40.00
Highest
$172,715 $53,210 $225,925
DARELL JONES INSTRUCTOR 40.00
Highest
$110,458 $43,249 $153,707
MATTHEW JOHNSON INSTRUCTOR 40.00
Highest
$113,597 $43,752 $157,349
DALLAS NUSTVOLD INSTRUCTOR 40.00
Highest
$114,771 $43,939 $158,710
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 $7,341,990 $5,638,058 $37,770,570 $1,703,932
2023 $7,197,005 $5,041,779 $35,775,958 $2,155,226
2022 $6,769,789 $4,742,537 $33,363,262 $2,027,252
2021 $7,012,903 $3,799,393 $26,851,237 $3,213,510
2020 $5,542,490 $3,272,423 $18,012,690 $2,270,067
2019 $5,912,597 $3,717,413 $15,033,467 $2,195,184
2018 $4,884,090 $3,663,327 $12,225,866 $1,220,763
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