MINNESOTA LABORERS HEALTH AND WELFARE FUND

EIN: 416187750

MENDOTA HEIGHTS, MN

Total Revenue
$185,231,991
Total Expenses
$153,445,501
Total Assets
$810,855,453
Net Assets
$806,983,287
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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
1968
Legal Domicile
MN
Principal Officer
HEATHER GRAZZINI-SIMS
Phone
6512561900
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA LABORERS HEALTH AND WELFARE FUND, founded in 1968, is a major nonprofit that reported $185.2M in total revenue in fiscal year 2023. The organization ran a surplus of $31.8M, a strong 17% operating margin.

Mission

PROVIDE HEALTH AND WELFARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $169,777,995
Investment Income $15,453,996
Other Revenue $0
TOTAL REVENUE $185,231,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,936,910
TOTAL EXPENSES $153,445,501

Year-over-Year Comparison

2023 2022 Change
Revenue $185,231,991 $171,607,729 +0.1%
Expenses $153,445,501 $159,944,023 0.0%
Net Income $31,786,490 $11,663,706 +1.7%
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
14
Independent Members
1
Employees
69
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
0
$0
Total Directors
15
$1,902,247
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL SMITH TRUSTEE-UNION (CHAIRMAN) 1.00
Director
$0 $111,401 $304,579
JOSEPH FOWLER TRUSTEE-UNION 1.00
Director
$0 $121,606 $318,340
SHELDON STEELE TRUSTEE-UNION-PAST 1.00
Director
$0 $74,523 $178,207
DEREK PEDERSON TRUSTEE-UNION 1.00
Director
$0 $76,267 $185,205
DANIEL BRADY TRUSTEE-UNION 1.00
Director
$0 $116,025 $300,283
KEITH PETERSEN TRUSTEE-UNION 1.00
Director
$0 $105,197 $265,116
SHAWN BRAFORD TRUSTEE-UNION 1.00
Director
$0 $84,007 $217,822
LORNE LUNDEEN TRUSTEE-UNION 1.00
Director
$0 $57,542 $132,695
HEATHER GRAZZINI-SIMS TRUSTEE-EMPLOYER (SECRETARY) 1.00
Director
$0 $0 $0
DANIEL SHOEMAKER TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
MARTHA HENRICKSON TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
CHRIS BRINK TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
CHRIS SANDBERG TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
BRIAN HOOK TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
BRENDAN CARTER TRUSTEE-EMPLOYER 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $185,231,991 $153,445,501 $810,855,453 $31,786,490
2022 $171,607,729 $159,944,023 $721,335,627 $11,663,706
2021 $178,568,553 $155,102,302 $803,063,036 $23,466,251
2020 $146,749,595 $125,297,885 $725,048,577 $21,451,710
2019 $162,627,248 $127,152,413 $639,783,478 $35,474,835
2018 $144,975,742 $119,455,524 $541,439,116 $25,520,218
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