RIVERSIDE COUNTY EDUCATIONAL AND TRAINING (EIN 237134143) - 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

1971

Legal Domicile

Principal Officer

JON ROWE

Phone

9098901703

Tax Period

2024-07-01 to 2025-06-30

RIVERSIDE COUNTY EDUCATIONAL AND TRAINING, founded in 1971, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $766K, a strong 47% operating margin.

Mission

ELECTRICAL APPRENTICESHIP TRAINING.

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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 $226,564

Program Service Revenue $1,196,745

Investment Income $214,855

Other Revenue $459

TOTAL REVENUE $1,638,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $873,089

TOTAL EXPENSES $873,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,638,623	$2,257,177	-0.3%
Expenses	$873,089	$933,211	-0.1%
Net Income	$765,534	$1,323,966	-0.4%

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

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
JEREMY FORSHAW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ASHLEY BERG	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL LUTHER	TRUSTEE	1.00	Director	$0	$0	$0
RANDY OLMOS	TRUSTEE	1.00	Director	$0	$0	$0
JACOB GRAY	TRUSTEE	1.00	Director	$0	$0	$0
MANNY MACIAS	TRUSTEE	1.00	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	$1,638,623	$873,089	$6,467,182	$765,534
2024	No data	No data	No data	No data
2023	$2,026,459	$853,717	$4,364,936	$1,172,742
2022	$1,880,484	$1,001,993	$3,206,865	$878,491
2021	$1,631,190	$848,232	$2,304,687	$782,958
2020	$1,084,417	$976,855	$1,543,374	$107,562
2019	$863,169	$828,578	$1,432,580	$34,591
2018	$784,889	$800,904	$1,447,420	$-16,015

RIVERSIDE COUNTY EDUCATIONAL AND TRAINING