IBEW LOCAL UNION 607 JOINT APPRENT… - 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

1951

Legal Domicile

Principal Officer

ANTHONY GRATTI

Phone

5706489831

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION 607 JOINT APPRENTICE TRAINING FUND, founded in 1951, is a small nonprofit in the Employment sector that reported $224K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 21% operating margin.

Mission

TO PROVIDE EDUCATION AND TRAINING FOR THE ELECTRICAL INDUSTRY IN SAFETY AND INSTALLATIONS.

Program Service Accomplishments

Program 1

Expenses: $168,619 Revenue: $223,556

PROVIDE EDUCATION AND TRAINING IN THE ELECTRICAL INDUSTRY IN SAFETY AND INSTALLATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,205

Program Service Revenue $2,351

Investment Income $0

Other Revenue $0

TOTAL REVENUE $223,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,789

Fundraising Expenses $0

Program Expenses $168,619

Other Expenses $105,200

TOTAL EXPENSES $175,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,556	$179,474	+0.2%
Expenses	$175,989	$163,987	+0.1%
Net Income	$47,567	$15,487	+2.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ANTHONY GRATTI	BUSINESS MANAGER	Key Emp	$0	$0	$0
ROBERT PHILLIPS	PRESIDENT	Key Emp	$0	$0	$0
ANTHONY PURPURA	CHAIRMAN	Director	$0	$0	$0
ROBERT TRIPLETT	SECRETARY	Director	$0	$0	$0
SETH JACKSON	COMMITTEE MEMBER	Director	$0	$0	$0
JAMES KOFSKIE	COMMITTEE MEMBER	Director	$0	$0	$0
RYAN SEROSKI	COMMITTEE MEMBER	Director	$0	$0	$0
MICHAEL BURST	COMMITTEE MEMBER	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
2024	No data	No data	No data	No data
2023	$223,556	$175,989	$393,329	$47,567
2021	$118,166	$133,678	$331,030	$-15,512
2020	$99,044	$136,430	$346,542	$-37,386
2019	$78,263	$145,817	$383,927	$-67,554

IBEW LOCAL UNION 607 JOINT APPRENTICE TRAINING FUND