BLOOMINGTON-NORMAL JATC

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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

2002

Legal Domicile

Principal Officer

MIKE RAIKES

Phone

3098274868

Tax Period

2024-06-01 to 2025-05-31

BLOOMINGTON-NORMAL JATC, founded in 2002, is a small nonprofit in the Education sector that reported $626K in total revenue in fiscal year 2024.

Mission

TO PREPARE APPRENTICE ELECTRICIANS IN THE PRINCIPLES OF ELECTRICAL INSTALLATION AND SAFETY ON THE JOBSITE.

Program Service Accomplishments

Program 1

Expenses: $304,633 Revenue: $529,843

EDUCATING APPRENTICES IN ELECTRICAL INSTALLATION AND JOB SAFETY

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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 $75,000

Program Service Revenue $507,810

Investment Income $21,193

Other Revenue $22,033

TOTAL REVENUE $626,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,637

Fundraising Expenses $0

Program Expenses $304,633

Other Expenses $327,167

TOTAL EXPENSES $674,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,036	$649,655	0.0%
Expenses	$674,804	$676,860	0.0%
Net Income	$-48,768	$-27,205	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON MASTERS	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW STRUPP	TRUSTEE	2.00	Director	$0	$0	$0
ALEX DICKEY	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY WILCOX	SECRETARY	3.00	Officer Director	$0	$0	$0
WILL HANCOCK	TRUSTEE	2.00	Director	$0	$0	$0
MIKE RAIKES	CHAIRMAN	3.00	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
2025	$626,036	$674,804	$1,248,023	$-48,768
2024	$649,655	$676,860	$1,296,759	$-27,205
2023	$633,227	$624,292	$1,326,585	$8,935
2022	$716,356	$604,465	$1,316,725	$111,891
2021	$956,722	$435,599	$1,182,339	$521,123
2020	$519,480	$337,821	$654,256	$181,659
2019	$319,932	$334,716	$437,143	$-14,784