South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd
Only null% goes to programs Strong reserves Growing revenue
South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd is a 501(c)(3) organization based in Rochester, Minnesota, registered in 1978, with $1,449,648 in FY2023 revenue. CharityIndex grades it B.
Trust Fund 9 - 80th St Se Suite B, Rochester, MN, 55904 EIN 41-1316134 Since 1978
Revenue (FY2023)
$1.4M
▲ 33.2% vs prior year
Employment median: $367K
Expenses (FY2023)
$1.1M
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd: 17 mo reserves · +25% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Trust Fund 9 - 80th St Se Suite B, Rochester, MN, 55904
- City
- Rochester
- State
- Minnesota
- Category
- Employment
- Subcategory
- Employment Preparation & Placement
- Website
- …
Financial trends
Revenue grew from $766K (FY2014) to $1.4M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $488KNet assets $1.6M
Operating margin
24.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$488K
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,449,648▲33.2% | $1,091,166▼4.3% | $1,588,340▲29.4% | $2,076,676▲26.9% | 990 |
| 2022 | $1,088,402▲1.0% | $1,140,090▲10.6% | $1,227,154▼4.5% | $1,637,036▲24.3% | 990 |
| 2021 | $1,078,051▲14.8% | $1,030,832▲7.2% | $1,284,739▼5.5% | $1,317,240▼5.6% | 990 |
| 2020 | $939,162▼12.7% | $961,336▼5.3% | $1,359,536▲1.2% | $1,395,286▲1.0% | 990 |
| 2019 | $1,075,584▲6.3% | $1,015,451▲9.1% | $1,343,061▲2.9% | $1,381,866▲3.4% | 990 |
| 2018 | $1,011,443▲10.7% | $930,424▲14.2% | $1,305,260▲8.3% | $1,336,292▲6.4% | 990 |
| 2017 | $913,291▼7.8% | $814,656▲10.7% | $1,205,669▲7.0% | $1,255,531▲8.1% | 990 |
| 2016 | $990,506▲12.6% | $736,166▲10.5% | $1,126,968▲30.1% | $1,161,178▲28.4% | 990 |
| 2015 | $879,497▲14.8% | $666,424▲7.2% | $866,425▲30.2% | $904,078▲29.2% | 990 |
| 2014 | $766,444 | $621,720 | $665,345 | $699,775 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd
Frequently asked questions
- Is South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd a legitimate nonprofit?
- Yes. South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1316134, based in Rochester, Minnesota. Donations are tax-deductible.
- What is South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd's EIN?
- South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd's Employer Identification Number (EIN) is 41-1316134.
- How much revenue does South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd report?
- South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd reported $1,449,648 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd have?
- CharityIndex grades South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd B, based on financial health (reserves and operating margin).
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Data for South Central Minn Elec Industry Joint Apprentshp & Train Trust Fd (EIN 41-1316134) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.