MINNESOTA LABORERS-EMPLOYERS COOPERATION & EDUCATION TRUST FUND

EIN: 416363196 Employment

MENDOTA HEIGHTS, MN

Total Revenue
$1,405,716
Total Expenses
$1,383,131
Total Assets
$1,093,442
Net Assets
$1,090,983
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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
1992
Legal Domicile
MN
Principal Officer
SHAWN BRAFORD
Phone
6512561900
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA LABORERS-EMPLOYERS COOPERATION & EDUCATION TRUST FUND, founded in 1992, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE UNDERSTANDING, IMPROVE SAFETY, AND ENHANCE COMMUNICATION IN THE LABORERS INDUSTRY.

Program Service Accomplishments

Program 1

THE FUND DIRECTOR MEETS WITH CONTRACTORS, UNION MEMBERS AND LOCAL AND STATE GOVERNMENTAL AGENCIES TO PROMOTE UNDERSTANDING, IMPROVE SAFETY, AND ENHANCE COMMUNICATION IN THE LABORERS INDUSTRY.

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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 $1,405,360
Investment Income $356
Other Revenue $0
TOTAL REVENUE $1,405,716

Expense Breakdown

Grants Paid $8,950
Salaries & Benefits $224,597
Fundraising Expenses $0
Other Expenses $1,149,584
TOTAL EXPENSES $1,383,131

Year-over-Year Comparison

2024 2023 Change
Revenue $1,405,716 $1,180,537 +0.2%
Expenses $1,383,131 $1,346,984 +0.0%
Net Income $22,585 $-166,447 -1.1%
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
10
Independent Members
10
Employees
1
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
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK PEPER TRUSTEE 1.00
Director
$0 $0 $0
DAN OLSON TRUSTEE 1.00
Director
$0 $0 $0
KEITH PETERSEN TRUSTEE 1.00
Director
$0 $0 $0
KIM SCHRUPP TRUSTEE 1.00
Director
$0 $0 $0
SHELDON STEELE TRUSTEE 1.00
Director
$0 $0 $0
SHAWN BRAFORD CO-CHAIRMAN 1.00
Director
$0 $0 $0
PAUL KRIENKE TRUSTEE 1.00
Director
$0 $0 $0
ANDY RISTROM CO-CHAIRMAN 1.00
Director
$0 $0 $0
RANDY KRAMER TRUSTEE 1.00
Director
$0 $0 $0
LAURA ZIEGLER TRUSTEE 1.00
Director
$0 $0 $0
DWIGHT ENGEN MARKETING DIRECTOR 40.00
Highest
$130,044 $84,542 $214,586
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 $1,405,716 $1,383,131 $1,093,442 $22,585
2023 $1,180,537 $1,346,984 $1,169,427 $-166,447
2022 $1,189,484 $1,399,193 $1,371,148 $-209,709
2021 $1,301,340 $1,112,165 $1,525,272 $189,175
2020 $1,077,681 $1,143,089 $1,335,395 $-65,408
2019 $1,240,110 $1,185,158 $1,413,743 $54,952
2018 $1,112,644 $1,156,436 $1,376,061 $-43,792
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