Lake County JATC (EIN 237299610) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Phone

8475662200

Tax Period

2024-07-01 to 2025-06-30

Lake County JATC, founded in 1978, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $912K left a modest 11% surplus.

Mission

THE EDUCATION OF APPRENTICE AND JOURNEYMEN ELECTRICIANS FOR IBEW LOCAL 150

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,000

Program Service Revenue $965,049

Investment Income $45,942

Other Revenue $4,613

TOTAL REVENUE $1,027,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $609,880

Fundraising Expenses $0

Program Expenses $611,152

Other Expenses $302,358

TOTAL EXPENSES $912,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,027,604	$1,018,226	+0.0%
Expenses	$912,238	$1,023,657	-0.1%
Net Income	$115,366	$-5,431	-22.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$5,946

Key Employees

$226,978

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN SORENSEN	TRAINING DIRECTOR	45.00	Key Emp	$135,051	$91,927	$226,978
MICHAEL PATENAUDE	TRUSTEE	2.00	Director	$2,131	$0	$2,131
JOSEPH CATELLA	TRUSTEE	2.00	Director	$2,034	$0	$2,034
CHRISTOPHER HAAG	TRUSTEE	2.00	Director	$1,781	$0	$1,781
CARL EHR	TRUSTEE	2.00	Director	$0	$0	$0
TOBIAS HOGAN	TRUSTEE	2.00	Director	$0	$0	$0
DAVE AHERN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HUSKO	TRUSTEE	2.00	Director	$0	$0	$0
STEVE SMART	TRUSTEE	2.00	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	$1,027,604	$912,238	$1,826,441	$115,366
2023	$901,529	$1,002,154	$1,639,000	$-100,625
2022	$859,663	$1,024,178	$1,688,676	$-164,515
2021	$976,421	$875,176	$1,967,810	$101,245

Lake County JATC