HARTFORD ELECTRICIANS JOINT APPRENTICESHIP AND TRAINING COMMITTEE (EIN 060854364) - 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

1994

Legal Domicile

Principal Officer

MICHAEL NEALY

Phone

8605255982

Tax Period

2023-06-01 to 2024-05-31

HARTFORD ELECTRICIANS JOINT APPRENTICESHIP AND TRAINING COMMITTEE, founded in 1994, is a small nonprofit that reported $522K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $472K left a modest 10% surplus.

Mission

EDUCATIONAL TRAINING OF ELECTRICAL APPRENTICES AND JOURNEYMEN

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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 $0

Program Service Revenue $478,841

Investment Income $23,631

Other Revenue $19,419

TOTAL REVENUE $521,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,312

Fundraising Expenses $0

Other Expenses $143,294

TOTAL EXPENSES $471,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$521,891	$331,153	+0.6%
Expenses	$471,606	$469,459	+0.0%
Net Income	$50,285	$-138,306	-1.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R MOCONYI	SECRETARY	1.00	Director	$0	$0	$0
MARCUS MCPHEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BANE JR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BAZINET	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BOWEN	PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL NEALY	BUSINESS MANAGER	1.00	Director	$0	$0	$0
ADAM CASSETTARI	DIRECTOR	1.00	Director	$0	$0	$0
KEITH SAILER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FREDERICK LADD	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
CURTIS DYNAK	DIRECTOR	1.00	Director	$0	$0	$0
HARLEY FONTAINE	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$521,891	$471,606	$473,664	$50,285
2023	$331,153	$469,459	$354,714	$-138,306
2022	$399,518	$400,191	$495,964	$-673
2021	$314,835	$366,249	$518,433	$-51,414
2020	$386,092	$375,524	$522,513	$10,568
2019	$339,820	$406,920	$502,670	$-67,100

HARTFORD ELECTRICIANS JOINT APPRENTICESHIP AND TRAINING COMMITTEE