IBEW LOCAL UNION NO 490 JOINT APPRENTICESHIP AND TRAINING FUND (EIN 020445578) - 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

1972

Legal Domicile

Principal Officer

ERIC BATCHELOR

Phone

6032240139

Tax Period

2024-05-01 to 2025-04-30

IBEW LOCAL UNION NO 490 JOINT APPRENTICESHIP AND TRAINING FUND, founded in 1972, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $1.2M represent 30 months of operating reserves.

Mission

TO PROVIDE ASSISTANCE THROUGH VARIOUS TRAINING PROGRAMS AND JOB PLACEMENT FOR ITS UNION MEMBERS

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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 $402,835

Investment Income $79,476

Other Revenue $25

TOTAL REVENUE $482,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,478

Fundraising Expenses $0

Other Expenses $282,325

TOTAL EXPENSES $502,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,336	$542,757	-0.1%
Expenses	$502,803	$441,736	+0.1%
Net Income	$-20,467	$101,021	-1.2%

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

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

$1,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK SINOTTE	TRUSTEE	1.00	Director	$909	$0	$909
PATRICK STEVENS	TRUSTEE	1.00	Director	$909	$0	$909
DAVID AYER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC BATCHELOR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL KRENZER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MARQUIS	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN WEBB	TRAINING DIRECTOR	40.00	Highest	$105,488	$47,027	$152,515

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
2025	$482,336	$502,803	$1,196,660	$-20,467
2024	$542,757	$441,736	$1,260,355	$101,021
2023	$454,243	$426,585	$1,108,295	$27,658
2022	$499,660	$397,903	$1,106,458	$101,757
2021	$509,467	$381,415	$1,050,158	$128,052
2020	$487,941	$398,478	$842,149	$89,463
2019	$323,236	$364,428	$779,160	$-41,192
2018	$328,366	$352,503	$801,782	$-24,137

IBEW LOCAL UNION NO 490 JOINT APPRENTICESHIP AND TRAINING FUND