ITHACA ELECTRICAL JOINT EDUCATIONAL AND TRAINING TRUST FUND (EIN 237257515) - 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

1983

Legal Domicile

Principal Officer

TODD BRUER

Phone

6072722809

Tax Period

2024-06-01 to 2025-05-31

ITHACA ELECTRICAL JOINT EDUCATIONAL AND TRAINING TRUST FUND, founded in 1983, is a small nonprofit in the Education sector that reported $637K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $167K, a strong 26% operating margin.

Mission

EDUCATIONAL TRAINING FUND FOR APPRENTICES & JOURNEYMEN OF IBEW LOCAL 241.

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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 $54,186

Program Service Revenue $578,361

Investment Income $4,726

Other Revenue $0

TOTAL REVENUE $637,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,709

Fundraising Expenses $0

Program Expenses $325,630

Other Expenses $159,936

TOTAL EXPENSES $469,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$637,273	$549,968	+0.2%
Expenses	$469,882	$446,550	+0.1%
Net Income	$167,391	$103,418	+0.6%

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

$176,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH KUMPON	TRUSTEE	0.50	Director	$0	$0	$0
STEVE JACKSON	TRUSTEE	0.50	Director	$640	$0	$640
GEORGE DENMARK	TRUSTEE	0.50	Director	$0	$0	$0
DAN CONWAY	TRUSTEE	0.50	Director	$0	$0	$0
TODD BRUER	ADMINISTRATOR	0.50	Director	$0	$66,102	$175,102
PAT HOUSWORTH	TRUSTEE	0.50	Director	$640	$0	$640

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	$637,273	$469,882	$1,572,188	$167,391
2024	$549,968	$446,550	$1,398,162	$103,418
2023	$447,876	$411,552	$1,295,682	$36,324
2022	$396,532	$459,183	$1,289,808	$-62,651
2021	$439,103	$330,714	$1,374,658	$108,389
2020	$392,187	$326,947	$1,232,196	$65,240
2019	$472,612	$314,178	$1,148,650	$158,434
2018	$417,492	$305,191	$1,156,435	$112,301

ITHACA ELECTRICAL JOINT EDUCATIONAL AND TRAINING TRUST FUND