Charity Search / SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC
Employment (J30Z) IRS Verified DX Registered 990 on File

SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC

EIN: 41-1487964 · MARSHALL, MN 56258-3021 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 82/100
Reliability (20%) 55/100
Effectiveness (25%) 97/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

The mission of Southwest Minnesota Private Industry Council is Building Tomorrow’s Workforce through partnerships with a shared focus on training, leadership, and education.

Financial Overview — FY 2023
$3.4M
Total Revenue
$3.4M
Total Expenses
$1.2M
Net Assets
114
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.9%
Fundraising Efficiency N/A
Operating Reserve 4.37x
Liability-to-Asset 23.3%
Revenue Diversification 99.1%
Executive Compensation $216K
Compared with Peers
FY 2023
Compared with 1,161 similar organizations (United States, Employment, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.9% 84.8%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
11.1% 13.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
4.4 mo 9.3 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
23.3% 16.9%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
99.1% 92.8%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
1.0% 7.6%
P10P90
Expense growth
Year over year expense growth
4.2% 8.9%
P10P90
Surplus margin
Surplus as a share of revenue
0.1% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $3.4M $3.4M $1.2M 88.9% 114
2022 $3.4M $3.3M $1.2M 88.7% 94
2021 $3.3M $3.2M N/A 88
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Organization Details
EIN
41-1487964
State
MN
City
MARSHALL
ZIP
56258-3021
Classification
J30Z
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1985
Foundation Code
15
Form 990
On File
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