MIDSTATE ELECTRICAL TRAINING CENTER (EIN 370798441) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

JASON DRAKE

Phone

2178753041

Tax Period

2024-01-01 to 2024-12-31

MIDSTATE ELECTRICAL TRAINING CENTER is a small nonprofit that reported $410K in total revenue in fiscal year 2018. Expenses of $367K left a modest 11% surplus.

Mission

TRAINING ELECTRICAL WORKERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $638,997

Investment Income $14,671

Other Revenue $126,029

TOTAL REVENUE $779,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,139

Fundraising Expenses $0

Other Expenses $279,647

TOTAL EXPENSES $692,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,697	$587,538	+0.3%
Expenses	$692,786	$516,470	+0.3%
Net Income	$86,911	$71,068	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$146,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON DRAKE	TRAINING DIR	40.00	Officer	$103,556	$43,156	$146,712
ROBERT BEERY	CHAIRMAN	0.25	Officer Director	$0	$0	$0
ROBERT HART	TRUSTEE	0.25	Director	$0	$0	$0
JAMES MILLER	TRUSTEE	0.25	Director	$0	$0	$0
DOMINIC RUHOLL	TRUSTEE	0.25	Director	$0	$0	$0
JOSHUA SAPP	TRUSTEE	0.25	Director	$0	$0	$0
CHAD WERNSING	SECRETARY	0.25	Officer 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	$779,697	$692,786	$668,435	$86,911
2023	$587,538	$516,470	$581,524	$71,068
2022	$478,476	$465,694	$514,836	$12,782
2021	$413,363	$393,642	$503,319	$19,721
2020	$347,678	$399,575	$482,700	$-51,897
2019	$435,833	$401,473	$530,696	$34,360
2018	$409,996	$366,915	$499,946	$43,081

MIDSTATE ELECTRICAL TRAINING CENTER