TECHNICAL EMPLOYMENT TRAINING INC (EIN 270152494) - 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

2009

Legal Domicile

Principal Officer

VIRGINIA MARTINEZ

Phone

9093824141

Tax Period

2023-01-01 to 2023-12-31

TECHNICAL EMPLOYMENT TRAINING INC, founded in 2009, is a small nonprofit in the Education sector that reported $656K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $790K exceeded revenue, resulting in a 20% operating deficit.

Mission

TET OFFERS EDUCATION, TRAINING AND NATIONAL CERTIFICATIONS IN CAREER EDUCATION.

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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 $68,026

Program Service Revenue $572,279

Investment Income $15,742

Other Revenue $0

TOTAL REVENUE $656,047

Expense Breakdown

Grants Paid $15,400

Salaries & Benefits $413,932

Fundraising Expenses $0

Program Expenses $495,681

Other Expenses $360,579

TOTAL EXPENSES $789,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,047	$745,395	-0.1%
Expenses	$789,911	$711,983	+0.1%
Net Income	$-133,864	$33,412	-5.0%

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

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

$142,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DONALD F AVERILL	CHAIR	4.00	Officer Director	$0	$0	$0
BILL WADDINGHAM	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY CLARKE	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL GALLO	MEMBER-AT-LARGE (THROUGH 4/3/24)	1.00	Director	$0	$0	$0
MICHAEL GIALLULY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JASON FLEJTER	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DAVID DRAGNICH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
VIRGINIA MARTINEZ	PRESIDENT	40.00	Officer	$114,400	$23,855	$138,255
LORRAINE SHEFFIELD	CEO	20.00	Officer	$4,060	$0	$4,060

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	No data	No data	No data	No data
2023	$656,047	$789,911	$648,396	$-133,864
2022	$745,395	$711,983	$477,819	$33,412
2021	$484,601	$553,909	$230,859	$-69,308
2020	$975,849	$888,277	$320,517	$87,572
2019	$1,416,748	$1,256,970	$351,459	$159,778
2018	$1,607,016	$1,261,658	$406,949	$345,358

TECHNICAL EMPLOYMENT TRAINING INC