NEWARK ELECTRICAL JOINT APPRENTICESHIP TRAINING COMMITTEE

EIN: 310993761 501(c)(3)

HEATH, OH

Total Revenue
$3,433,818
Total Expenses
$2,503,226
Total Assets
$4,129,820
Net Assets
$3,615,437
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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
1976
Legal Domicile
OH
Principal Officer
BILL HAMILTON
Phone
8886524007
Tax Period
2024-01-01 to 2024-12-31

NEWARK ELECTRICAL JOINT APPRENTICESHIP TRAINING COMMITTEE, founded in 1976, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $931K, a strong 27% operating margin.

Mission

TRAINING FOR APPRENTICES, JOURNEYMEN OR OTHER APPROPRIATE PERSONS AND GROUPS.

Program Service Accomplishments

Program 1
Expenses: $1,957,288

TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES, JOURNEYMEN OR OTHER APPROPRIATE PERSONS AND PROGRAM DURING THE CURRENT YEAR.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $101,190
Program Service Revenue $3,219,051
Investment Income $113,577
Other Revenue $0
TOTAL REVENUE $3,433,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,211,321
Fundraising Expenses $0
Program Expenses $1,957,288
Other Expenses $1,291,905
TOTAL EXPENSES $2,503,226

Year-over-Year Comparison

2024 2023 Change
Revenue $3,433,818 $1,502,585 +1.3%
Expenses $2,503,226 $1,672,945 +0.5%
Net Income $930,592 $-170,360 -6.5%
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

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Governance

Voting Members
9
Independent Members
9
Employees
23
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
2
$0
Total Directors
9
$3,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON DAVIS EXECUTIVE BO 2.00
Director
$1,906 $0 $1,906
JUSTEN RILEY EXECUTIVE BO 2.00
Director
$1,509 $0 $1,509
DAKOTA HREHA EXECUTIVE BO 2.00
Director
$262 $0 $262
BILL HAMILTON CHAIRMAN 2.00
Officer Director
$0 $0 $0
NICK HAMILTON EXECUTIVE BO 2.00
Director
$0 $0 $0
CLINT HEINEY EXECUTIVE BO 2.00
Director
$0 $0 $0
LUKE HOWARD EXECUTIVE BO 2.00
Director
$0 $0 $0
JEREMY RYAN EXECUTIVE BO 2.00
Director
$0 $0 $0
COREY SMITH SECRETARY 2.00
Officer 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 $3,433,818 $2,503,226 $4,129,820 $930,592
2023 $1,502,585 $1,672,945 $3,256,897 $-170,360
2022 $1,664,746 $1,359,291 $2,868,654 $305,455
2021 $1,267,914 $722,188 $2,623,534 $545,726
2020 $949,107 $579,450 $2,131,978 $369,657
2020 $952,172 $581,380 $2,133,106 $370,792
2019 $876,017 $614,775 $1,596,903 $261,242
2018 $670,429 $464,925 $1,314,208 $205,504
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