Minneapolis Regional Labor Federation (EIN 640965590) - 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

1912

Legal Domicile

Principal Officer

Chelsie M Glaubitz Gabiou

Phone

6123794206

Tax Period

2024-01-01 to 2024-12-31

Minneapolis Regional Labor Federation, founded in 1912, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $275K, a strong 17% operating margin.

Mission

TO PROMOTE UNIONS AND THEIR MEMBERS RIGHTS THROUGH PROMOTING THE UNIONS BEST INTERESTS AND GENERAL WELFARE

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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 (2024)

Revenue Breakdown

Contributions & Grants $179,543

Program Service Revenue $1,152,632

Investment Income $25,799

Other Revenue $211,406

TOTAL REVENUE $1,569,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,318

Fundraising Expenses $0

Program Expenses $1,294,770

Other Expenses $524,452

TOTAL EXPENSES $1,294,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,569,380	$1,222,418	+0.3%
Expenses	$1,294,770	$1,395,715	-0.1%
Net Income	$274,610	$-173,297	-2.6%

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

$182,335

Total Directors

$182,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chelsie M Glaubitz Gabiou	President & CEO	40.00	Officer Director	$125,592	$56,743	$182,335
Uriel Perez Espinoza	Trustee	1.00	Director	$0	$0	$0
Aaron Hill	Trustee	1.00	Director	$0	$0	$0
Mary Turner	Trustee	1.00	Director	$0	$0	$0
Jigme Ugen	Trustee	1.00	Director	$0	$0	$0
Russ Scherber	Trustee	1.00	Director	$0	$0	$0
Sterling Sanders	At Large	1.00	Director	$0	$0	$0
Ed Jaramillo	At Large	1.00	Director	$0	$0	$0
Judy Russel Martin	At Large	1.00	Director	$0	$0	$0
Greta Callahan	Exec Vice President	1.00	Officer Director	$0	$0	$0
Cabbas Abdi	Recording Secretary	1.00	Officer Director	$0	$0	$0
Ternesha Burroughs	Register Clerk	1.00	Officer Director	$0	$0	$0
Dan McConnell	Financial SecretaryTreasurer	1.00	Officer Director	$0	$0	$0
Grace Baltich	Reading Clerk	1.00	Officer Director	$0	$0	$0
Jeff Heimerl	1st Vice President	1.00	Officer Director	$0	$0	$0
Scott Bultena	2nd Vice President	1.00	Officer Director	$0	$0	$0
Annette Davis	Deputy Register Clerk	1.00	Officer Director	$0	$0	$0
Tommy Bellfield	Sargeant at Arms	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,569,380	$1,294,770	$1,230,230	$274,610
2023	$1,222,418	$1,395,715	$969,574	$-173,297
2022	$1,402,979	$1,412,390	$1,138,142	$-9,411
2021	$1,302,484	$1,325,244	$1,213,256	$-22,760
2020	$1,298,184	$1,278,599	$1,252,827	$19,585
2019	$1,201,745	$1,226,160	$1,227,455	$-24,415
2018	$1,417,859	$1,530,713	$1,228,504	$-112,854

Minneapolis Regional Labor Federation