SAN MATEO ELECTRICAL APPRENTICESHIP & TRAINING TRUST (EIN 237225581) - 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

KASITALEA TALAKAI JR

Phone

4082884400

Tax Period

2023-11-01 to 2024-10-31

SAN MATEO ELECTRICAL APPRENTICESHIP & TRAINING TRUST, founded in 1971, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 46% operating margin.

Mission

TO PROVIDE JOURNEYMEN AND APPRENTICE TRAINING FOR ELECTRICAL WORKERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND ELECTRICAL CONTRACTORS

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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 $2,793,311

Program Service Revenue $3,736,104

Investment Income $383,669

Other Revenue $0

TOTAL REVENUE $6,913,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000,782

Fundraising Expenses $0

Program Expenses $2,908,278

Other Expenses $1,705,095

TOTAL EXPENSES $3,705,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,913,084	$4,991,512	+0.4%
Expenses	$3,705,877	$3,779,065	0.0%
Net Income	$3,207,207	$1,212,447	+1.6%

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

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

$242,940

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS AGRESTI	TRUSTEE	0.00	Director	$0	$0	$0
DEWELL GOODMAN	CHAIRMAN	0.00	Director	$0	$0	$0
BILL KUHR	TRUSTEE	0.00	Director	$0	$0	$0
THOMAS SCHERER	TRUSTEE	0.00	Director	$0	$0	$0
FRANCISCO CASTANO	TRUSTEE	0.00	Director	$0	$0	$0
SCOTT WEIN	SECRETARY	0.00	Director	$0	$0	$0
DAVE MAURO	TRUSTEE	0.00	Director	$0	$0	$0
DAN PASINI	TRUSTEE	0.00	Director	$0	$0	$0
CATHERINE LYNCH	TRUSTEE	0.00	Director	$0	$0	$0
MAX SCHUMKEL	TRUSTEE	0.00	Director	$0	$0	$0
GLENN ARVIN	TRAINING DIRECTOR	48.00	Key Emp	$242,940	$0	$242,940
BARBARA COX	LEAD INSTRUCTOR	48.00	Highest	$241,729	$0	$241,729
DEANNA STOKES	ADMINISTRATIVE ASSISTANT	40.00	Highest	$126,351	$0	$126,351

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	$6,913,084	$3,705,877	$19,957,319	$3,207,207
2023	$4,991,512	$3,779,065	$16,633,620	$1,212,447
2022	$3,711,703	$3,280,599	$15,589,102	$431,104
2021	$4,504,879	$3,166,369	$15,665,138	$1,338,510
2020	$3,815,941	$2,916,263	$14,638,732	$899,678
2019	$4,804,808	$2,426,954	$14,088,731	$2,377,854
2018	$4,237,028	$2,092,010	$12,060,588	$2,145,018

SAN MATEO ELECTRICAL APPRENTICESHIP & TRAINING TRUST