NORTHERN ILLINOIS ELECTRICAL JOINT… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

ZACHARY HOLYCROSS

Phone

8159698484

Tax Period

2024-07-01 to 2025-06-30

NORTHERN ILLINOIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST, founded in 1946, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $706K, a strong 29% operating margin.

Mission

THE NORTHERN ILLINOIS ELECTRICAL JOINT APPRENTICESHIP COMMITTEE WAS ESTABLISHED IN ROCKFORD, ILLINOIS IN 1946 AS A PARTNERSHIP BETWEEN INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 364 AND THE NORTHERN ILLINOIS CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION. ITS MISSION IS TO PROVIDE THE BEST AVAILABLE TRAINING TO APPRENTICES OF ALL CLASSIFICATIONS OF THE ELECTRICAL CONSTRUCTION INDUSTRY IN NORTH CENTRAL ILLINOIS, THROUGH RIGOROUS CLASSROOM CURRICULUM AND EXTENSIVE HANDS-ON PRACTICE. APPRENTICES COMPLETING UP TO FIVE YEARS OF STUDY AND ON-THE-JOB TRAINING PROVIDE A SKILLED WORK FORCE FOR OUR CUSTOMERS.

Program Service Accomplishments

Program 1

Expenses: $1,292,324 Revenue: $2,043,654

THE NIEJATC HAS THREE APPRENTICE CLASSIFICATIONS: THE FIRST BEING THE INSIDE CONSTRUCTION DIVISION WHICH IS A FIVE-YEAR PROGRAM. THE INSIDE CONSTRUCTION DIVISION HAS 3 COMPONENTS TO IT. THE FIRST...

THE NIEJATC HAS THREE APPRENTICE CLASSIFICATIONS: THE FIRST BEING THE INSIDE CONSTRUCTION DIVISION WHICH IS A FIVE-YEAR PROGRAM. THE INSIDE CONSTRUCTION DIVISION HAS 3 COMPONENTS TO IT. THE FIRST BEING THE JOURNEYMAN WIREMAN CERTIFICATE WHICH HAS 130 PARTICIPANTS AT A COST OF $2,308.94 PER STUDENT. THE SECOND PART IS THE CERTIFICATE THROUGH ROCK VALLEY COMMUNITY COLLEGE WHICH HAS 91 PARTICIPANTS IN THE PROGRAM WITH A COST OF $3,919.19 PER STUDENT. THE THIRD PART IS THE ASSOCIATE DEGREE PROGRAM THROUGH ROCK VALLEY COMMUNITY COLLEGE WHICH HAS 50 PARTICIPANTS WITH A COST OF $1240.73 PER STUDENT.

Program 2

Expenses: $159,726 Revenue: $252,586

THE SECOND CLASSIFICATION IS THE TELECOMMUNICATIONS TRAINING PROGRAM WHICH IS A FOUR-YEAR PROGRAM AND HAS 35 PARTICIPANTS WITH A COST OF $1,240.73 PER STUDENT.

Program 3

THE THIRD CLASSIFICATION IS THE RESIDENTIAL TRAINING PROGRAM WHICH IS A THREE-YEAR PROGRAM AND HAD 0 PARTICIPANTS

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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 $2,269,814

Investment Income $164,230

Other Revenue $26,426

TOTAL REVENUE $2,460,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $912,305

Fundraising Expenses $0

Program Expenses $1,452,050

Other Expenses $841,766

TOTAL EXPENSES $1,754,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,460,470	$3,392,340	-0.3%
Expenses	$1,754,071	$1,784,917	0.0%
Net Income	$706,399	$1,607,423	-0.6%

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

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

$330,231

Total Directors

$17,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY HOLYCROSS	CHAIRMAN	1.00	Officer Director	$3,272	$2,216	$5,488
JIM SWEDBERG	SECRETARY	0.50	Officer Director	$0	$0	$0
NIK PERKO	TRUSTEE	0.50	Director	$0	$0	$0
ALAN GOLDEN	TRUSTEE	0.50	Director	$0	$0	$0
EZEQUIAS SANCHEZ	TRUSTEE	0.50	Director	$3,388	$2,296	$5,684
FERNANDO PEREZ	TRUSTEE	1.00	Director	$3,504	$2,375	$5,879
JOHN ROBINSON	TRUSTEE	0.50	Director	$0	$0	$0
JIM LEE	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK TOMLIN	TRAINING COORDINATOR-RET. 8-31-24	40.00	Officer	$85,448	$51,543	$136,991
DAVE CARGILL	AST.TD/TRAINING COORDINATOR-BEG 9-1-24	40.00	Officer	$110,006	$77,746	$187,752

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
2025	$2,460,470	$1,754,071	$7,885,882	$706,399
2024	$3,392,340	$1,784,917	$7,180,630	$1,607,423
2023	$2,888,304	$1,690,744	$5,577,502	$1,197,560
2022	$2,385,666	$1,609,338	$4,369,462	$776,328
2021	$1,191,058	$945,636	$3,593,037	$245,422
2020	$993,352	$924,494	$3,418,278	$68,858
2019	$1,045,406	$786,477	$3,278,221	$258,929

NORTHERN ILLINOIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST