CENTRAL NEW YORK ELECTRICAL TRAINING ALLIANCE (EIN 166049686) - 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

1995

Legal Domicile

Principal Officer

JOSEPH LORMAND

Phone

3155460221

Tax Period

2024-07-01 to 2025-06-30

CENTRAL NEW YORK ELECTRICAL TRAINING ALLIANCE, founded in 1995, is a community nonprofit in the Employment sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 4% surplus.

Mission

ESTABLISHED TO PROVIDE FUNDING FOR THE TRAINING OF APPRENTICES AND CONTINUING EDUCATION TO ESTABLISHED UNION MEMBERS WORKING IN THE ELECTRICAL TRADE IN THE CENTRAL NEW YORK 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 (2024)

Revenue Breakdown

Contributions & Grants $76,370

Program Service Revenue $2,437,069

Investment Income $76,127

Other Revenue $13,788

TOTAL REVENUE $2,603,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,361,926

Fundraising Expenses $0

Program Expenses $2,050,254

Other Expenses $1,140,766

TOTAL EXPENSES $2,502,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,603,354	$2,054,654	+0.3%
Expenses	$2,502,692	$2,141,192	+0.2%
Net Income	$100,662	$-86,538	-2.2%

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

$398,155

Total Directors

$467,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH LORMAND	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PATRICK HARRINGTON	SECRETARY	2.00	Officer Director	$0	$85,623	$225,152
WILLIAM BURNS	TRUSTEE	2.00	Director	$0	$0	$0
ALAN MARZULLO	TRUSTEE	2.00	Director	$0	$85,623	$241,876
BRANDON ISAACS	TRUSTEE	2.00	Director	$0	$0	$0
MARILYN OPPEDISANO	NECA REPRESENTATIVE	2.00	Director	$0	$0	$0
RAY TUCKER	TRAINING DIRECTOR	40.00	Officer	$105,881	$67,122	$173,003

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	$2,603,354	$2,502,692	$2,786,685	$100,662
2024	No data	No data	No data	No data
2023	$1,914,716	$2,062,636	$2,591,176	$-147,920
2022	$2,175,054	$1,669,698	$2,598,374	$505,356
2021	$1,812,346	$1,547,633	$2,219,881	$264,713
2020	$1,622,393	$1,429,928	$1,952,894	$192,465
2019	$1,577,316	$1,500,249	$1,717,227	$77,067

CENTRAL NEW YORK ELECTRICAL TRAINING ALLIANCE