SOUTH BEND & VICINITY ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST (EIN 356059198) - 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

1966

Legal Domicile

Principal Officer

NICK SHAFFER

Phone

5742331721

Tax Period

2023-10-01 to 2024-09-30

SOUTH BEND & VICINITY ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST, founded in 1966, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

TO PROVIDE APPRENTICESHIP AND JOURNEYMAN 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 (2023)

Revenue Breakdown

Contributions & Grants $110,600

Program Service Revenue $1,143,981

Investment Income $22,176

Other Revenue $40,458

TOTAL REVENUE $1,317,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $671,415

Fundraising Expenses $0

Program Expenses $977,896

Other Expenses $559,665

TOTAL EXPENSES $1,231,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,317,215	$954,456	+0.4%
Expenses	$1,231,080	$1,034,574	+0.2%
Net Income	$86,135	$-80,118	-2.1%

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

$144,752

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN GANSER	TRUSTEE	1.00	Director	$0	$0	$0
MICAH WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TAFF	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS SCHMIDT	TRUSTEE	1.00	Director	$0	$0	$0
TOM YANT	TRUSTEE	1.00	Director	$0	$0	$0
NICK SHAFFER	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA HENRY	TRUSTEE	1.00	Director	$0	$0	$0
BOB BANASZAK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GAMBILL	TRAINING COORDINATOR	40.00	Officer	$94,789	$49,963	$144,752

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	$1,317,215	$1,231,080	$1,760,376	$86,135
2023	$954,456	$1,034,574	$1,462,338	$-80,118
2022	$866,857	$924,284	$1,529,110	$-57,427
2021	$825,060	$896,795	$1,655,040	$-71,735
2020	$782,798	$754,202	$1,701,090	$28,596
2019	$870,938	$882,672	$1,643,725	$-11,734
2018	$884,629	$823,192	$1,721,479	$61,437

SOUTH BEND & VICINITY ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST