SAINT PAUL, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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.
TRAINING CONSISTS OF A VARIETY OF EDUCATIONAL ACTIVITIES CUSTOMIZED TO THE INDUSTRY AND THE NEEDS OF THE WORKFORCE AND EMPLOYERS. TYPES OF TRAINING INCLUDES ESTABLISHMENT OF APPRENTICESHIP PROGRAMS...
TRAINING CONSISTS OF A VARIETY OF EDUCATIONAL ACTIVITIES CUSTOMIZED TO THE INDUSTRY AND THE NEEDS OF THE WORKFORCE AND EMPLOYERS. TYPES OF TRAINING INCLUDES ESTABLISHMENT OF APPRENTICESHIP PROGRAMS WITHIN A SPECIFIC INDUSTRY OR COMPANY, JOB READINESS, LIFE SKILLS, AND SAFETY. LENGTH OF TRAINING RANGES FROM ONE WEEK TO 18 MONTHS, DEPENDING ON TYPE AND SUBJECT. FIRST SECTORS WHERE SERVICES ARE BEING PROVIDED ARE MANUFACTURING AND HOSPITALITY AND APPRENTICESHIP PROGRAM FOR INDUSTRIAL MANUFACTURING TECHNICIANS WITH TRAINING CONDUCTED IN SPECIFIC WORKPLACES FOR INCUMBENT WORKERS. THE EMPLOYER AND LABOR UNION (IF THERE IS ONE) AUTHORIZE THE TRAINING AND ARE INVOLVED IN ITS PLANNING AND IMPLEMENTATION. IN HOSPITALITY, SERVICES ARE BEING FOCUSED ON PROVIDING PRE-EMPLOYMENT TRAINING TO INTERESTED WORKERS WITH THE GOAL OF PLACING PEOPLE IN HOSPITALITY JOBS. THESE PROGRAMS FILL AN UNMET NEED, INCLUDING DEVELOPMENT OF NEW OR INNOVATIVE TRAINING AND APPRENTICESHIP PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare MINNESOTA TRAINING PARTNERSHIP INC with other nonprofits in Minnesota and across the country.