DAKOTAS AREA ELECTRICAL APPRENTICESHIP AND TRAINING FUND (EIN 450341316) - Form 990 Financial Analysis & Trantor Score

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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

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

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

DAKOTAS AREA ELECTRICAL APPRENTICESHIP AND TRAINING FUND