WARREN ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST (EIN 340872971) - 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

1958

Legal Domicile

Principal Officer

ERIC DAVIS

Phone

3303943606

Tax Period

2023-01-01 to 2023-12-31

WARREN ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST, founded in 1958, is a small nonprofit that reported $876K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $297K, a strong 34% operating margin.

Mission

TO PROVIDE TRAINING CLASSES TO ELECTRICAL APPRENTICES, PREPARING AND EDUCATING THEM TO SAFELY AND PROPERLY WORK IN THE ELECTRICAL FIELD.

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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 $631,792

Program Service Revenue $153,393

Investment Income $54,344

Other Revenue $36,000

TOTAL REVENUE $875,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,517

Fundraising Expenses $0

Program Expenses $414,824

Other Expenses $325,359

TOTAL EXPENSES $578,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$875,529	$1,494,758	-0.4%
Expenses	$578,876	$537,237	+0.1%
Net Income	$296,653	$957,521	-0.7%

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

Key Employees

$96,242

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK CURRAN	TRUSTEE	1.00	Director	$0	$0	$0
TODD AMBROSE	TRUSTEE	1.00	Director	$0	$0	$0
ERIC DAVIS	TRAINING DIR.	40.00	Key Emp	$96,242	$0	$96,242
THOMAS YEKEL	TRUSTEE	1.00	Director	$0	$0	$0
MARK PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
ERIC JAY	TRUSTEE	1.00	Director	$0	$0	$0
JASON RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LIPKA	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY BARBER	TRUSTEE	1.00	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	$875,529	$578,876	$3,508,125	$296,653
2022	$1,494,758	$537,237	$3,211,161	$957,521
2021	$1,627,779	$568,391	$2,254,015	$1,059,388
2020	$618,453	$446,466	$2,165,600	$171,987
2019	$356,079	$478,964	$2,052,116	$-122,885
2018	$817,727	$489,659	$2,226,366	$328,068

WARREN ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST