DAKOTAS AREA ELECTRICAL APPRENTICESHIP AND TRAINING FUND

EIN: 450341316 501(c)(3) Education

FARGO, ND

Total Revenue
$1,835,180
Total Expenses
$1,597,697
Total Assets
$2,690,734
Net Assets
$2,372,330
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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
1958
Legal Domicile
ND
Principal Officer
ED CHRISTIAN
Phone
7012931300
Tax Period
2023-07-01 to 2024-06-30

DAKOTAS AREA ELECTRICAL APPRENTICESHIP AND TRAINING FUND, founded in 1958, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 13% surplus.

Mission

APPRENTICESHIP AND TRAINING PROGRAM

Program Service Accomplishments

Program 1
Expenses: $1,270,293 Revenue: $1,534,635

THE TRUST FUND EXISTS FOR THE SOLE PURPOSE OF SUPPORTING A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES, JOURNEYMEN, AND OTHERS AND FOR PROGRAMS IN FURTHERANCE OF THE ELECTRICAL...

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THE TRUST FUND EXISTS FOR THE SOLE PURPOSE OF SUPPORTING A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES, JOURNEYMEN, AND OTHERS AND FOR PROGRAMS IN FURTHERANCE OF THE ELECTRICAL APPRENTICESHIP AND TRAINING PROGRAM AND THE ELECTRICAL INDUSTRY. THIS TRAINING IS PROVIDED THROUGH EMPLOYER CONTRIBUTIONS SET ASIDE THROUGH A COLLECTIVE BARGAINING AGREEMENT.

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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 $177,271
Program Service Revenue $1,534,635
Investment Income $123,274
Other Revenue $0
TOTAL REVENUE $1,835,180

Expense Breakdown

Grants Paid $123,027
Salaries & Benefits $819,257
Fundraising Expenses $0
Program Expenses $1,270,293
Other Expenses $655,413
TOTAL EXPENSES $1,597,697

Year-over-Year Comparison

2023 2022 Change
Revenue $1,835,180 $1,539,831 +0.2%
Expenses $1,597,697 $1,468,127 +0.1%
Net Income $237,483 $71,704 +2.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
43
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED CHRISTIAN TRUSTEE 1.00
Officer Director
$0 $0 $0
JAY SODERQUIST TRUSTEE 1.00
Director
$0 $0 $0
LANCE JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
BRENT MICHELSEN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT WOLF TRUSTEE 1.00
Director
$0 $0 $0
DYLAN MEYER TRUSTEE 1.00
Officer Director
$0 $0 $0
JEREMY DENAULT TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PLANK TRUSTEE 1.00
Director
$0 $0 $0
ADAM KIDWELL DIRECTOR OF EDUCATION 54.00
Highest
$112,489 $31,876 $144,365
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 No data No data No data No data
2024 $1,835,180 $1,597,697 $2,690,734 $237,483
2023 $1,539,831 $1,468,127 $2,509,773 $71,704
2022 $1,480,136 $1,411,360 $2,225,203 $68,776
2021 $1,301,898 $1,399,396 $2,437,176 $-97,498
2020 $1,309,453 $1,045,062 $2,459,520 $264,391
2019 $1,256,919 $1,101,767 $2,079,265 $155,152
2018 $1,075,082 $1,332,605 $1,884,945 $-257,523
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