ELECTRICAL WORKERS LOCAL NO 292 VACATION & HOLIDAY TRUST FUND

EIN: 411701466

BROOKLYN PARK, MN

Total Revenue
$31,273,396
Total Expenses
$30,727,557
Total Assets
$2,761,493
Net Assets
$2,634,601
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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
1991
Legal Domicile
MN
Principal Officer
JENNIFER MUDGE
Phone
7634938830
Tax Period
2024-05-01 to 2025-04-30

ELECTRICAL WORKERS LOCAL NO 292 VACATION & HOLIDAY TRUST FUND, founded in 1991, is a mid-sized nonprofit that reported $31.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AND MAINTAIN BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.

Program Service Accomplishments

Program 1

TO PROVIDE VACATION AND HOLIDAY BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE PLAN DOCUMENT.

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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 $0
Program Service Revenue $31,232,218
Investment Income $41,178
Other Revenue $0
TOTAL REVENUE $31,273,396

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $71,489
TOTAL EXPENSES $30,727,557

Year-over-Year Comparison

2024 2023 Change
Revenue $31,273,396 $27,693,068 +0.1%
Expenses $30,727,557 $27,718,712 +0.1%
Net Income $545,839 $-25,644 -22.3%
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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Governance

Voting Members
6
Independent Members
1
Employees
N/A
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
$204,264
Total Directors
8
$885,799
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY HEIMERL LABOR TRUSTEE 0.50
Director
$0 $68,203 $258,865
DAN FERGUSON LABOR TRUSTEE - CHAIRMAN 2.00
Officer Director
$0 $58,426 $204,264
JENNIFER MUDGE LABOR TRUSTEE 2.00
Director
$0 $61,558 $218,406
JOHN KRIPOTOS LABOR TRUSTEE - ALTERNATE 2.00
Director
$0 $58,426 $204,264
KRISTIN CAUSBY MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
JERRY HEIN MANAGEMENT TRUSTEE - SECRE 0.50
Officer Director
$0 $0 $0
LAURA KAROW MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
RYAN MORRIS MANAGEMENT TRUSTEE - ALTER 1.00
Director
$0 $0 $0
CARLA GRUETZMACHER ADMINISTRATIVE MANAGER 1.00
Highest
$0 $43,503 $216,478
ANN KELLEN FINANCE MANAGER 2.00
Highest
$0 $40,260 $183,967
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 $31,273,396 $30,727,557 $2,761,493 $545,839
2024 $27,693,068 $27,718,712 $2,267,493 $-25,644
2023 $24,847,703 $24,754,878 $2,220,835 $92,825
2022 $20,631,517 $22,113,263 $2,002,234 $-1,481,746
2022 $20,526,517 $22,113,290 $1,897,234 $-1,586,773
2021 $18,054,884 $17,898,894 $3,394,255 $155,990
2020 $22,609,918 $21,195,180 $3,238,265 $1,414,738
2019 $20,884,004 $20,980,343 $1,835,312 $-96,339
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