MINNESOTA TRAINING PARTNERSHIP INC

EIN: 823613104 501(c)(3) Education

SAINT PAUL, MN

Total Revenue
$1,536,357
Total Expenses
$1,456,995
Total Assets
$774,028
Net Assets
$692,548
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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
2017
Legal Domicile
MN
Principal Officer
BERNIE BURNHAM
Phone
6124050894
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA TRAINING PARTNERSHIP INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 5% surplus.

Mission

MINNESOTA TRAINING PARTNERSHIP, INC. WILL PROVIDE TRAINING SERVICES TO EMPLOYED AND UNEMPLOYED WORKERS IN THE STATE OF MN. THE AUDIENCE WILL INCLUDE INCUMBENT WORKERS UPGRADING THEIR SKILLS, YOUTH OUT OF HIGH SCHOOL, RE-ENTERING WORKFORCE, UNDER-SERVED COMMUNITIES OF COLOR.

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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 $1,378,577
Program Service Revenue $157,780
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,536,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $993,722
Fundraising Expenses $0
Program Expenses $1,118,965
Other Expenses $463,273
TOTAL EXPENSES $1,456,995

Year-over-Year Comparison

2024 2023 Change
Revenue $1,536,357 $993,275 +0.5%
Expenses $1,456,995 $1,038,814 +0.4%
Net Income $79,362 $-45,539 -2.7%
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

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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
12
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
3
$138,751
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEROME BALSIMO EXECUTIVE DI 40.00
Officer
$98,074 $40,677 $138,751
BERNIE BURNHAM CO-BOARD CHA 1.00
Officer Director
$0 $0 $0
CINDY GREEN DIRECTOR 1.00
Director
$0 $0 $0
MARCEL HOFKER DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS LOHMANN SECRETARY-TR 1.00
Officer Director
$0 $0 $0
WADE LUNEBURG DIRECTOR 1.00
Director
$0 $0 $0
GREG NAMMACHER DIRECTOR 1.00
Director
$0 $0 $0
ALLIE RIKKE CO-BOARD CHA 1.00
Director
$0 $0 $0
RICHARD SHORTER DIRECTOR 1.00
Director
$0 $0 $0
LISA SIGNORELLI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH SOBOLIK DIRECTOR 1.00
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
2024 $1,536,357 $1,456,995 $774,028 $79,362
2023 $993,275 $1,038,814 $656,010 $-45,539
2022 $542,748 $586,244 $814,140 $-43,496
2021 $736,566 $436,743 $860,892 $299,823
2020 $565,007 $162,703 $403,161 $402,304
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