VERMONT JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 030223187) - 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

1992

Legal Domicile

Principal Officer

JEFFREY WIMETTE

Phone

8024793044

Tax Period

2024-01-01 to 2024-12-31

VERMONT JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1992, is a small nonprofit that reported $188K in total revenue in fiscal year 2024. The organization ran a surplus of $73K, a strong 39% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE EDUCATIONAL AND TRAINING PROGRAM FOR ELECTRICAL APPRENTICES AND JOURNEYMEN IN VERMONT.

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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 $100,157

Investment Income $0

Other Revenue $87,503

TOTAL REVENUE $187,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,656

Fundraising Expenses $0

Other Expenses $86,665

TOTAL EXPENSES $114,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,660	$178,235	+0.1%
Expenses	$114,321	$128,940	-0.1%
Net Income	$73,339	$49,295	+0.5%

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

$249,322

Total Directors

$267,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY WIMETTE	LABOR CHAIR	1.00	Officer Director	$0	$0	$159,223
TIMOTHY LABOMBARD	LABOR TRUSTEE	1.00	Director	$0	$0	$107,709
VINCENT BENT	LABOR TRUSTEE	1.00	Director	$1,020	$0	$1,020
KENDRICK PELKEY	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
KENNETH DOUGLAS III	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
PAUL ROCHE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MIKE PONCE	DIRECTOR	1.00	Officer	$0	$0	$90,099

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	$187,660	$114,321	$187,757	$73,339
2023	$178,235	$128,940	$127,123	$49,295
2022	$118,670	$96,732	$59,792	$21,938
2021	$72,710	$99,087	$37,484	$-26,377
2020	$39,087	$73,210	$40,055	$-34,123
2019	$89,755	$114,189	$78,349	$-24,434
2018	$36,248	$74,022	$100,029	$-37,774

VERMONT JOINT APPRENTICESHIP AND TRAINING TRUST FUND