IBEW Local 163 Joint Apprenticeship & Training Com (EIN 246019387) - 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

1995

Legal Domicile

Phone

5708234028

Tax Period

2024-04-01 to 2025-03-31

IBEW Local 163 Joint Apprenticeship & Training Com, founded in 1995, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $615K, a strong 44% operating margin.

Mission

To provide and administrate training and education for interested individuals necessary to serve their apprenticeships and become licensed electricians.

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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 $210,776

Program Service Revenue $1,167,921

Investment Income $26,344

Other Revenue $2,085

TOTAL REVENUE $1,407,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,054

Fundraising Expenses $0

Program Expenses $690,605

Other Expenses $516,459

TOTAL EXPENSES $792,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,407,126	$1,384,199	+0.0%
Expenses	$792,513	$629,223	+0.3%
Net Income	$614,613	$754,976	-0.2%

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

$138,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Nadolny	Training Director	40.00	Director Highest	$92,801	$45,604	$138,405
Gregory Judd Jr	Chairman	1.00	Officer Director	$0	$0	$0
John J Olejnik	Secretary to 123125	1.00	Officer Director	$0	$0	$0
Woody Covington	Trustee	1.00	Director	$0	$0	$0
Patrick Novakowski III	Trustee	1.00	Director	$0	$0	$0
James Andrews	Trustee	1.00	Director	$0	$0	$0
Michael Brust	Trustee to 123124	1.00	Director	$0	$0	$0
John Onich	Trustee eff 1125	1.00	Director	$0	$0	$0
Jillian Henderson	Secretary eff 1126	1.00	Officer	$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	$1,407,126	$792,513	$4,301,135	$614,613
2024	$1,384,199	$629,223	$3,104,635	$754,976
2023	$904,767	$556,161	$2,392,695	$348,606
2022	$889,490	$474,567	$2,142,158	$414,923
2021	$596,871	$415,167	$1,720,915	$181,704
2020	$539,382	$393,572	$1,515,210	$145,810
2019	$470,455	$395,028	$1,348,282	$75,427

IBEW Local 163 Joint Apprenticeship & Training Com