CONSTRUCTION LABORERS EDUCATION AN… - 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

1989

Legal Domicile

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

TO PROVIDE ELIGIBLE PARTICIPANTS WITH EDUCATION, TRAINING AND APPRENTICESHIP PROGRAMS IN THE CONSTRUCTION INDUSTRY AND RELATED OCCUPATIONS.

Program Service Accomplishments

Program 1

TO ESTABLISH, OPERATE AND MAINTAIN A SCHOOL, AND EDUCATION AND TRAINING PROGRAMS FOR AND ON BEHALF OF PARTICIPANTS, INCLUDING SKILL IMPROVEMENT, SAFETY AND TRAINING, FOR UNSKILLED WORKERS AND...

TO ESTABLISH, OPERATE AND MAINTAIN A SCHOOL, AND EDUCATION AND TRAINING PROGRAMS FOR AND ON BEHALF OF PARTICIPANTS, INCLUDING SKILL IMPROVEMENT, SAFETY AND TRAINING, FOR UNSKILLED WORKERS AND TRAINEES, EMPLOYEE OR INSTRUCTOR TRAINING IN THE CONSTRUCTION INDUSTRY AND RELATED OCCUPATIONS,INCLUDING, WITHOUT LIMITATION, COURSES OF INSTRUCTION, INSTITUTES, CONFERENCES AND EDUCATIONAL MEETINGS, AND TO PAY THE EXPENDITURES FOR THE OPERATION AND MAINTENANCE OF SUCH SCHOOL OR TRAINING PROGRAMS.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$313,118

Total Directors

$1,404,582

Key Employees

Highest Compensated

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

CONSTRUCTION LABORERS EDUCATION AND TRAINING FUND OF MNESOTA & N DKOTA