LOCAL 697 IBEW APPRENTICE (EIN 351001586) - 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

1964

Legal Domicile

Principal Officer

MATTHEW VALANT

Phone

2198453454

Tax Period

2024-07-01 to 2025-06-30

LOCAL 697 IBEW APPRENTICE, founded in 1964, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2024. Net assets of $12.2M represent 50 months of operating reserves.

Mission

APPRENTICE TRAINING

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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 $0

Program Service Revenue $2,795,460

Investment Income $123,832

Other Revenue $15,407

TOTAL REVENUE $2,934,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,515,182

Fundraising Expenses $0

Program Expenses $2,310,343

Other Expenses $1,399,139

TOTAL EXPENSES $2,914,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,934,699	$2,737,778	+0.1%
Expenses	$2,914,321	$2,510,337	+0.2%
Net Income	$20,378	$227,441	-0.9%

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

$213,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL SHIKANY	TRUSTEE	1.00	Officer Director	$0	$0	$0
WILLIAM WALTON JR	TRUSTEE	1.00	Officer Director	$0	$0	$0
RONALD GOODMAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
DODY RUSSELL	TRUSTEE	1.00	Officer Director	$0	$0	$0
NICK HARDESTY	TRUSTEE	1.00	Officer Director	$0	$0	$0
JESUS LUNA	TRUSTEE	1.00	Officer Director	$0	$0	$0
MATTHEW VALANT	DIRECTOR	40.00	Officer	$146,646	$66,628	$213,274
JOE DANCHO	SPECIAL ASSIGNMENTS	40.00	Highest	$110,304	$38,866	$149,170
DAN SCHAUB	INSTRUCTOR	40.00	Highest	$118,743	$66,628	$185,371
JOSEPH PFISTER	INSTRUCTOR	40.00	Highest	$112,930	$66,628	$179,558
DEREK POPOVICH	INSTRUCTOR	40.00	Highest	$112,930	$66,628	$179,558
FRANK LENNON	INSTRUCTOR	40.00	Highest	$113,793	$66,628	$180,421

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	$2,934,699	$2,914,321	$12,176,560	$20,378
2024	$2,737,778	$2,510,337	$12,158,912	$227,441
2023	$2,430,138	$2,240,519	$11,931,296	$189,619
2022	$2,415,349	$1,872,146	$11,741,133	$543,203
2021	$1,857,779	$1,895,891	$11,383,800	$-38,112
2020	$1,815,551	$1,878,154	$11,583,849	$-62,603
2019	$2,217,118	$1,803,989	$11,298,841	$413,129

LOCAL 697 IBEW APPRENTICE