LABORERS DISTRICT COUNCIL OF MN & ND REAL ESTATE HOLDINGS CORP (EIN 884309880) - 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

2023

Legal Domicile

Principal Officer

JOEL SMITH

Phone

6516539776

Tax Period

2024-01-01 to 2024-12-31

LABORERS DISTRICT COUNCIL OF MN & ND REAL ESTATE HOLDINGS CORP, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $151K in total revenue in fiscal year 2024. Revenue surged 288% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 33% operating deficit.

Mission

BUILDING CORPORATION

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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 $0

Program Service Revenue $151,250

Investment Income $10

Other Revenue $0

TOTAL REVENUE $151,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $201,889

TOTAL EXPENSES $201,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,260	$39,002	+2.9%
Expenses	$201,889	$104,380	+0.9%
Net Income	$-50,629	$-65,378	-0.2%

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

N/A

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

$321,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL SMITH	PRESIDENT/BUSINESS MANAGER	1.00	Director	$0	$114,694	$313,462
DAN OLSON	SECRETARY-TREASURER	1.00	Director	$0	$1,740	$7,740
JOE FOWLER	VICE PRESIDENT	1.00	Director	$0	$0	$0
DAN BRADY	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
SHELDON STEELE	EXECUTIVE BOARD - PAST	1.00	Director	$0	$0	$0
PATRICK O'CONNELL	AUDITOR	1.00	Director	$0	$0	$0
STACEY KARELS	AUDITOR	1.00	Director	$0	$0	$0
DEREK PEDERSON	AUDITOR	1.00	Director	$0	$0	$0
SHAWN BRAFORD	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
AJ LANGE	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
LORNE LUNDEEN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MITCHELL CLENDENEN	SERGEANT AT ARMS	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	$151,260	$201,889	$1,370,193	$-50,629
2023	$39,002	$104,380	$1,302,822	$-65,378

LABORERS DISTRICT COUNCIL OF MN & ND REAL ESTATE HOLDINGS CORP