APPRENTICE TRAINING FOR THE ELECTRICAL INDUSTRY

EIN: 231308075 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$7,311,209
Total Expenses
$6,422,749
Total Assets
$23,982,011
Net Assets
$23,957,197
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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
1948
Legal Domicile
PA
Principal Officer
BRIAN MYERS
Phone
2155676405
Tax Period
2024-09-01 to 2025-08-31

APPRENTICE TRAINING FOR THE ELECTRICAL INDUSTRY, founded in 1948, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 12% surplus.

Mission

TO PROVIDE EDUCATION AND TRAINING FOR ALL APPRENTICES OF I.B.E.W. LOCAL UNION #98 AND TO PROVIDE CONTINUING EDUCATION FOR LOCAL UNION #98 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $486,094
Program Service Revenue $5,946,153
Investment Income $747,410
Other Revenue $131,552
TOTAL REVENUE $7,311,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,584,038
Fundraising Expenses $0
Program Expenses $4,528,550
Other Expenses $2,106,167
TOTAL EXPENSES $6,422,749

Year-over-Year Comparison

2024 2023 Change
Revenue $7,311,209 $6,617,124 +0.1%
Expenses $6,422,749 $6,658,334 0.0%
Net Income $888,460 $-41,210 -22.6%
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

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Governance

Voting Members
6
Independent Members
4
Employees
22
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
0
$0
Total Directors
6
$367,151
Key Employees
1
$386,407
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES FOY TRUSTEE 1.00
Director
$0 $140,174 $366,594
GABRIELLE EDWARDS SECRETARY 1.00
Director
$0 $0 $557
SHAWN DUFF CHAIRMAN 1.00
Director
$0 $0 $0
TIMOTHY CAHILL TRUSTEE 1.00
Director
$0 $0 $0
KEVIN LYNCH TRUSTEE 1.00
Director
$0 $0 $0
BRUCE D SHELLY TRUSTEE 1.00
Director
$0 $0 $0
BRIAN MYERS TRAINING DIRECTOR 45.00
Key Emp
$233,832 $152,575 $386,407
LOUIS ACAMPORA JR INSTRUCTOR 40.00
Highest
$188,933 $128,663 $317,596
SHAWN MCCARTHY INSTRUCTOR 40.00
Highest
$182,122 $118,835 $300,957
NICHOLAS GUMMEL INSTRUCTOR 40.00
Highest
$167,537 $109,318 $276,855
THOMAS NORESKI INSTRUCTOR 40.00
Highest
$167,015 $108,977 $275,992
LUKE W BIALY INSTRUCTOR 40.00
Highest
$166,088 $108,373 $274,461
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 $7,311,209 $6,422,749 $23,982,011 $888,460
2024 $6,617,124 $6,658,334 $23,201,414 $-41,210
2023 $5,916,445 $5,889,438 $23,668,322 $27,007
2022 $5,518,082 $5,966,677 $22,789,728 $-448,595
2021 $6,523,684 $4,910,140 $24,786,662 $1,613,544
2020 $5,315,522 $4,800,793 $23,105,101 $514,729
2019 $6,281,841 $5,407,628 $22,236,664 $874,213
2018 $5,941,283 $5,123,301 $21,499,358 $817,982
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