LOCAL UNION 400 IBEW JOINT APPRENTICE & TRAINING COMMITTEE (EIN 221951385) - 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

1940

Legal Domicile

Principal Officer

TODD J LARSEN

Phone

7322807703

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION 400 IBEW JOINT APPRENTICE & TRAINING COMMITTEE, founded in 1940, is a small nonprofit in the Education sector that reported $849K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $2.0M represent 28 months of operating reserves.

Mission

THE ORGANIZATION TRAINS INDIVIDUALS TO SERVE AS QUALIFIED ELECTRICIANS.

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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 $702,967

Investment Income $46,555

Other Revenue $99,633

TOTAL REVENUE $849,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,970

Fundraising Expenses $0

Program Expenses $572,179

Other Expenses $491,837

TOTAL EXPENSES $873,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$849,155	$760,074	+0.1%
Expenses	$873,807	$870,039	+0.0%
Net Income	$-24,652	$-109,965	-0.8%

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

$713,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SHIMKO	TRUSTEE	0.00	Director	$0	$159,459	$384,049
MICHAEL J RICCA	TRUSTEE	0.00	Director	$0	$136,677	$329,179
MICHAEL TOMASIELLO	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL MCKIEVER	TRUSTEE	0.00	Director	$0	$0	$0
PHIL O' NEILL	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH SOLE	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
TODD J LARSEN	TRAINING DIRECTOR	40.00	Highest	$134,168	$99,209	$233,377

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	$849,155	$873,807	$2,135,143	$-24,652
2024	No data	No data	No data	No data
2023	$773,116	$874,580	$2,462,272	$-101,464
2022	$662,943	$788,678	$2,260,826	$-125,735
2021	$598,846	$590,552	$2,361,039	$8,294
2020	$902,331	$598,817	$2,344,884	$303,514
2019	$901,328	$630,040	$2,042,478	$271,288

LOCAL UNION 400 IBEW JOINT APPRENTICE & TRAINING COMMITTEE