LORAIN COUNTY ELECTRICAL JOINT (EIN 237080461) - 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

2000

Legal Domicile

Principal Officer

ANDREW KASUBIENSKI

Phone

4402337156

Tax Period

2023-07-01 to 2024-06-30

LORAIN COUNTY ELECTRICAL JOINT, founded in 2000, is a small nonprofit that reported $550K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 35 months of operating reserves.

Mission

PROVIDE TRAINING AND DEVELOPMENT TO APPRENTICES DESIRING TO BECOME QUALIFIED ELECTRICAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $386,214

Program Service Revenue $0

Investment Income $8,719

Other Revenue $155,401

TOTAL REVENUE $550,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,399

Fundraising Expenses $0

Program Expenses $476,662

Other Expenses $366,075

TOTAL EXPENSES $543,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,334	$714,550	-0.2%
Expenses	$543,474	$540,807	+0.0%
Net Income	$6,860	$173,743	-1.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD ROARK	TRUSTEE	4.00	Director	$0	$0	$0
TOM NAGY	TRUSTEE	4.00	Director	$0	$0	$0
MARK DAY	TRUSTEE	4.00	Director	$0	$0	$0
JIM DECKERT	TRUSTEE	4.00	Director	$0	$0	$0
TOM SHREVES	TRUSTEE	4.00	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
2025	No data	No data	No data	No data
2024	$550,334	$543,474	$1,631,262	$6,860
2023	$714,550	$540,807	$1,624,132	$173,743
2022	$717,715	$491,706	$1,556,987	$226,009
2021	$521,601	$414,423	$1,485,328	$107,178
2020	$564,883	$435,407	$1,453,045	$129,476
2019	$503,057	$419,432	$1,405,894	$83,625
2018	$419,229	$413,895	$1,393,988	$5,334

LORAIN COUNTY ELECTRICAL JOINT