LIMA AREA ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMITTEE (EIN 310645028) - 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

1970

Legal Domicile

Principal Officer

PAUL CLEMENS

Phone

4192292775

Tax Period

2023-01-01 to 2023-12-31

LIMA AREA ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMITTEE, founded in 1970, is a small nonprofit that reported $730K in total revenue in fiscal year 2023. Expenses of $664K left a modest 9% surplus.

Mission

TO PROVIDE A PROGRAM FOR THE EDUCATION AND TRAINING OF ELECTRICAL APPRENTICES EMPLOYED IN THE LIMA, OHIO AREA.

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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 $0

Program Service Revenue $715,897

Investment Income $14,090

Other Revenue $0

TOTAL REVENUE $729,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,109

Fundraising Expenses $0

Program Expenses $615,533

Other Expenses $468,090

TOTAL EXPENSES $664,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$729,987	$758,670	0.0%
Expenses	$664,199	$687,963	0.0%
Net Income	$65,788	$70,707	-0.1%

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

$77,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CLEMENS	TRAINING DIR	40.00	Officer	$77,931	$0	$77,931
MIKE ELLETT	SECRETARY	3.00	Officer Director	$0	$0	$0
CURT GILLES	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CARTER HARRISON	TRUSTEE	2.00	Director	$0	$0	$0
MARK IIAMES	TRUSTEE	2.00	Director	$0	$0	$0
JARED PARSLEY	TRUSTEE	2.00	Director	$0	$0	$0
MIKE RUPPERT	TRUSTEE	3.00	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
2024	No data	No data	No data	No data
2023	$729,987	$664,199	$3,105,888	$65,788
2022	$758,670	$687,963	$2,964,802	$70,707
2021	$740,387	$633,365	$2,765,338	$107,022
2020	$760,833	$579,431	$2,656,234	$181,402
2019	$1,082,371	$606,839	$2,541,586	$475,532
2018	$668,654	$578,529	$2,393,351	$90,125

LIMA AREA ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMITTEE