ELECTRICAL WORKERS LOCAL 292 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

EIN: 411876011

BROOKLYN PARK, MN

Total Revenue
$2,133,029
Total Expenses
$1,003,012
Total Assets
$15,873,818
Net Assets
$15,873,818
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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
1997
Legal Domicile
MN
Principal Officer
JENNIFER MUDGE
Phone
7634938830
Tax Period
2024-05-01 to 2025-04-30

ELECTRICAL WORKERS LOCAL 292 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN, founded in 1997, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 53% operating margin.

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS

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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 $1,483,172
Investment Income $649,796
Other Revenue $61
TOTAL REVENUE $2,133,029

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $126,515
TOTAL EXPENSES $1,003,012

Year-over-Year Comparison

2024 2023 Change
Revenue $2,133,029 $1,629,726 +0.3%
Expenses $1,003,012 $1,307,845 -0.2%
Net Income $1,130,017 $321,881 +2.5%
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
6
Independent Members
1
Employees
382
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 - ALTERNATE 1.00
Director
$0 $0 $0
CARLA GRUETZMACHER ADMINISTRATIVE MANAGER 1.00
Highest
$0 $43,503 $216,478
ANN KELLEN FINANCE MANAGER 6.00
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 $2,133,029 $1,003,012 $15,873,818 $1,130,017
2024 $1,629,726 $1,307,845 $14,135,282 $321,881
2023 $1,346,307 $1,247,386 $13,839,749 $98,921
2022 $1,459,997 $1,394,269 $13,983,238 $65,728
2022 $1,418,997 $1,394,387 $13,942,115 $24,610
2021 $1,700,536 $1,666,132 $14,488,728 $34,404
2020 $1,800,652 $1,495,586 $14,157,140 $305,066
2019 $1,733,138 $1,912,857 $13,445,020 $-179,719
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