QUALIFIED ELEVATOR INSPECTOR TRAIN… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

R ALLEN SPEARS

Phone

8885113113

Tax Period

2022-07-01 to 2023-06-30

QUALIFIED ELEVATOR INSPECTOR TRAINING FUND, founded in 2006, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2022. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FUND PROVIDES AN EDUCATION AND TRAINING PROGRAM FOR ELIGIBLE BENEFICIARIES TO CERTIFY QUALIFIED ELEVATOR INSPECTORS.

Program Service Accomplishments

Program 1

Expenses: $397,912 Revenue: $174,956

THE FUND PROVIDES AN EDUCATION AND TRAINING PROGRAM FOR ELIGIBLE BENEFICIARIES TO CERTIFY QUALIFIED ELEVATOR INSPECTORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,500,000

Program Service Revenue $174,956

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,674,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $397,912

Other Expenses $1,877,794

TOTAL EXPENSES $1,877,794

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,674,956	$1,665,946	+0.0%
Expenses	$1,877,794	$1,564,961	+0.2%
Net Income	$-202,838	$100,985	-3.0%

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

N/A

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
ERIC ROGERS	DIRECTOR	40.50	Director	$0	$0	$0
MICHEAL MORAND	DIRECTOR	40.50	Director	$0	$0	$0
GREG CARLISLE	TRUSTEE	1.00	Director	$0	$0	$0
R ALLEN SPEARS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,674,956	$1,877,794	$533,487	$-202,838
2022	$1,665,946	$1,564,961	$593,395	$100,985
2021	$1,547,894	$1,495,957	$488,825	$51,937
2020	$992,753	$1,017,698	$489,427	$-24,945
2019	$876,279	$967,405	$450,482	$-91,126
2018	$868,817	$807,596	$497,518	$61,221

QUALIFIED ELEVATOR INSPECTOR TRAINING FUND