INTERNATIONAL BROTHERHOOD OF LOCAL 426

EIN: 460136667

SIOUX FALLS, SD

Total Revenue
$2,143,698
Total Expenses
$1,661,778
Total Assets
$6,277,241
Net Assets
$6,272,105
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
SD
Principal Officer
CURTIS NELSON
Phone
6053360370
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF LOCAL 426, founded in 1916, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

SUPPORT LOCAL UNION ACTIVITY

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $4,884
Program Service Revenue $2,008,248
Investment Income $117,392
Other Revenue $13,174
TOTAL REVENUE $2,143,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $612,339
Fundraising Expenses $0
Other Expenses $1,049,439
TOTAL EXPENSES $1,661,778

Year-over-Year Comparison

2025 2024 Change
Revenue $2,143,698 $2,159,101 0.0%
Expenses $1,661,778 $1,819,570 -0.1%
Net Income $481,920 $339,531 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
8
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
5
$221,705
Total Directors
11
$194,203
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CURTIS NELSON PRESIDENT 50.00
Officer Director
$105,418 $0 $105,418
NED REITSMA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TONY MINNAERT TREASURER 1.00
Officer Director
$1,273 $0 $1,273
KELLEN HALL SECRETARY 1.00
Officer Director
$424 $0 $424
SHANE LARSON ORGANIZER 45.00
Director
$87,088 $0 $87,088
JUSTIN SETEN MEMBER 1.00
Director
$0 $0 $0
CHRIS FREEMAN MEMBER 1.00
Director
$0 $0 $0
JEROD BRAZEE MEMBER 1.00
Director
$0 $0 $0
ALAN HOGG MEMBER 1.00
Director
$0 $0 $0
MATT WARNE MEMBER 1.00
Director
$0 $0 $0
CHRIS SCHULTHESIS MEMBER 1.00
Director
$0 $0 $0
DYLAN MEYER BUSINESS MANAGER/FINANCE S 55.00
Officer
$114,590 $0 $114,590
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 $2,143,698 $1,661,778 $6,277,241 $481,920
2024 No data No data No data No data
2023 $2,294,702 $1,731,154 $5,455,681 $563,548
2022 $1,884,716 $1,486,200 $4,926,927 $398,516
2021 $1,906,756 $1,410,504 $4,516,936 $496,252
2020 $1,638,052 $938,096 $4,025,341 $699,956
2019 $2,225,696 $1,262,546 $3,607,687 $963,150
2018 $1,429,269 $1,622,684 $2,764,845 $-193,415
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