NATIONAL ELEVATOR INDUSTRY EDUCATI… - 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

1967

Legal Domicile

Principal Officer

DAVID MORGAN

Phone

5086992200

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM, founded in 1967, is a mid-sized nonprofit that reported $50.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $47.3M left a modest 6% surplus.

Mission

TO DELIVER WORLD-CLASS EDUCATION, TRAINING, AND SAFETY AWARENESS TO ELEVATOR CONSTRUCTORS, MAINTAINING OUR POSITION AS THE MOST HIGHLY-SKILLED LABOR FORCE IN THE CONVEYANCE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $40,172,836 Revenue: $41,031,348

EDUCATION AND TRAINING PROGRAMS WERE PROVIDED TO ELEVATOR CONSTRUCTOR MECHANICS, ASSISTANT MECHANICS, HELPERS, AND APPRENTICES THROUGH EMPLOYER CONTRIBUTIONS TO A TRUST FUND, APTITUDE TEST RECEIPTS, AND REIMBURSEMENTS FOR EDUCATIONAL MATERIALS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

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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 $13,642

Program Service Revenue $41,031,348

Investment Income $9,160,681

Other Revenue $17,867

TOTAL REVENUE $50,223,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,325,097

Fundraising Expenses $0

Program Expenses $40,172,836

Other Expenses $21,949,320

TOTAL EXPENSES $47,274,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,223,538	$43,762,043	+0.1%
Expenses	$47,274,417	$43,594,607	+0.1%
Net Income	$2,949,121	$167,436	+16.6%

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

Governance

Voting Members

Independent Members

Employees

871

Volunteers

530

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

$744,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
ABEL J ARABITG	TRUSTEE	2.00	Director	$0	$0	$0
PAUL CAFFARELLI	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT P CAPUANI JR	TRUSTEE	2.00	Director	$0	$0	$0
RANDY J CHISTOLINI	TRUSTEE	2.00	Director	$0	$0	$0
JOHN FAURE	TRUSTEE	2.00	Director	$0	$0	$0
MARC J HOLYOKE	TRUSTEE	2.00	Director	$0	$0	$0
LEONARD R LEGOTTE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID LOPEZ JR	TRUSTEE	2.00	Director	$0	$0	$0
MARK MANNING	TRUSTEE	2.00	Director	$0	$0	$0
LARRY J MCGANN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID T MORGAN	EXECUTIVE DIRECTOR	50.00	Officer	$321,548	$83,756	$405,304
JOHN J CAUGHEY	ASSISTANT EXECUTIVE DIRECTOR	50.00	Officer	$255,327	$83,756	$339,083
EDWARD L CHRISTENSEN JR	NATIONAL COORDINATOR	45.00	Highest	$220,403	$81,073	$301,476
JOEL M ROBERTS	AREA COORDINATOR	45.00	Highest	$212,612	$81,073	$293,685
LESTER E WHITE	DEPARTMENT HEAD OF DEVELOPMENT	45.00	Highest	$210,948	$77,300	$288,248
PHILIP J DUCATELLI	AREA COORDINATOR	45.00	Highest	$209,779	$81,073	$290,852
CURTIS R DEVILLERS	SUBJECT MATTER EXPERT	45.00	Highest	$188,560	$77,300	$265,860

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	$50,223,538	$47,274,417	$181,428,025	$2,949,121
2024	No data	No data	No data	No data
2023	$36,692,886	$40,069,195	$171,999,806	$-3,376,309
2022	$36,648,824	$34,986,846	$171,436,015	$1,661,978
2021	$37,822,732	$24,749,858	$187,712,359	$13,072,874
2020	$37,777,918	$34,814,050	$159,111,688	$2,963,868
2019	$36,761,307	$37,069,437	$156,666,433	$-308,130
2018	$45,427,645	$34,952,766	$154,776,522	$10,474,879

NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM