MADISON ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 237040550) - 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

1968

Legal Domicile

Principal Officer

RODNEY HOWARD

Phone

6082213321

Tax Period

2023-08-01 to 2024-07-31

MADISON ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1968, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $400K, a strong 19% operating margin.

Mission

TO PROVIDE A PROGRAM FOR TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS AND JOURNEYWORKER ELECTRICIANS IN THE MADISON AREA.

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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 $0

Program Service Revenue $2,151,452

Investment Income $2,317

Other Revenue $6,500

TOTAL REVENUE $2,160,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,737,525

Other Expenses $329,548

TOTAL EXPENSES $1,759,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,160,269	$1,909,846	+0.1%
Expenses	$1,759,897	$1,544,962	+0.1%
Net Income	$400,372	$364,884	+0.1%

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

N/A

Volunteers

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
RODNEY HOWARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MITCH LARSON	TRUSTEE	1.00	Director	$0	$0	$0
CRISTIAN GUTIERREZ	TRUSTEE	1.00	Director	$0	$0	$0
TROY COFFEY	TRUSTEE	1.00	Director	$0	$0	$0
BRENDA EGLI	TRUSTEE	1.00	Director	$0	$0	$0
JOSH STERN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL GRUNDAHL	TRUSTEE (THRU FEBRUARY)	1.00	Director	$0	$0	$0
MIKE KILLIAN	SECRETARY	1.00	Officer	$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	$2,160,269	$1,759,897	$2,003,575	$400,372
2023	$1,909,846	$1,544,962	$1,603,203	$364,884
2022	$1,487,048	$1,386,182	$1,238,319	$100,866
2021	$1,284,519	$849,701	$1,137,453	$434,818
2020	$1,193,431	$1,793,226	$702,635	$-599,795
2019	$1,267,090	$1,600,083	$1,302,430	$-332,993
2018	$1,072,802	$1,044,946	$1,635,423	$27,856

MADISON ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND