NORTHERN ILLINOIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST

EIN: 363153674 501(c)(3) Employment

ROCKFORD, IL

Total Revenue
$2,460,470
Total Expenses
$1,754,071
Total Assets
$7,885,882
Net Assets
$7,880,747
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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
IL
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 ORGANIZATION PROVIDES EDUCATION AND TRAINING TO ELECTRICIAN APPRENTICES, ALONG WITH CONTINUING EDUCATION CLASSES TO UNION ELECTRICIANS OF IBEW LOCAL 364.

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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 $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

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Governance

Voting Members
8
Independent Members
7
Employees
22
Volunteers
30

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
4
$330,231
Total Directors
8
$17,051
Key Employees
0
$0
Highest Compensated
0
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
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