International Brotherhood of Electrical Workers Local No 99-JATC Trust (EIN 050300220) - 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

1957

Legal Domicile

Phone

4019469908

Tax Period

2023-01-01 to 2023-12-31

International Brotherhood of Electrical Workers Local No 99-JATC Trust, founded in 1957, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $506K, a strong 34% operating margin.

Mission

The International Brotherhood of Electrical Workers Local No. 99 Joint Apprenticeship and Training Committee Trust is a RI nonprofit trust organized in July 1957 for the purpose of providing training services for electrical apprentices in the RI area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $948

Program Service Revenue $1,466,271

Investment Income $33,437

Other Revenue $900

TOTAL REVENUE $1,501,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $594,043

Fundraising Expenses $0

Other Expenses $401,277

TOTAL EXPENSES $995,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,501,556	$1,163,724	+0.3%
Expenses	$995,320	$906,754	+0.1%
Net Income	$506,236	$256,970	+1.0%

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

$597,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Walsh	Trustee	1.00	Director	$0	$57,814	$221,768
Wayne Tait	Trustee	1.00	Director	$0	$56,513	$208,148
Michael Petit	Director	40.00	Director	$142,208	$0	$142,208
Mark Shanley	Trustee	3.00	Director	$24,891	$0	$24,891
George Ouellette	Chairman	1.00	Director	$0	$0	$0
Ruddy Branca	Trustee	1.00	Director	$0	$0	$0
Spencer Marks	Trustee	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	No data	No data	No data	No data
2023	$1,501,556	$995,320	$4,293,949	$506,236
2022	$1,163,724	$906,754	$3,787,578	$256,970
2021	$1,236,518	$779,340	$3,529,976	$457,178
2020	$1,155,837	$774,408	$3,073,392	$381,429
2019	$1,200,227	$805,998	$2,690,815	$394,229
2018	$1,075,832	$623,325	$2,296,468	$452,507

International Brotherhood of Electrical Workers Local No 99-JATC Trust