ANN ARBOR ELECTRICAL JOINT APPRENT… - 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

1975

Legal Domicile

Principal Officer

CHRIS PARKS

Phone

7344751180

Tax Period

2024-07-01 to 2025-06-30

ANN ARBOR ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMMITTEE, founded in 1975, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 13% surplus.

Mission

THE PRIMARY PURPOSE IS TO PROVIDE EDUCATION TO QUALIFY NEW ELECTRICIANS, PROVIDE NECESSARY CONTINUING EDUCATION TO LICENSE HOLDERS TO UPGRADE SKILLS INTO EMERGING TECHNICAL AREAS OF EXPERTISE. THE VARIOUS CLASSES ARE FIRST AID, OSHA, SAFETY TRAINING, CPR, COMMERCIAL, RESIDENTIAL, VDV.

Program Service Accomplishments

Program 1

Expenses: $1,257,465 Revenue: $1,803,479

TRAINING & CONTINUING EDUCATION FOR APPRENTICE AND JOURNEYMAN ELECTRICIANS.

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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 $259,077

Program Service Revenue $1,786,928

Investment Income $206,303

Other Revenue $866

TOTAL REVENUE $2,253,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,356,310

Fundraising Expenses $0

Program Expenses $1,257,465

Other Expenses $598,246

TOTAL EXPENSES $1,954,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,253,174	$1,744,594	+0.3%
Expenses	$1,954,556	$1,320,905	+0.5%
Net Income	$298,618	$423,689	-0.3%

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

$189,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KOEPP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK COLVIA	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM WHISENANT	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY WALLS	TRUSTEE	1.00	Director	$0	$0	$0
JACOB VONDRASEK	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER PARKS	TRAINING DIRECTOR	40.00	Officer	$134,719	$55,031	$189,750
JOHN SALYER	TRAINING DIRECTOR	40.00	Highest	$141,098	$55,031	$196,129
WILLIAM WHITE	INSTRUCTOR	40.00	Highest	$129,115	$55,031	$184,146
HOPE SALYER	OFFICE ADMINISTRATOR	40.00	Highest	$114,400	$55,031	$169,431

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	$2,253,174	$1,954,556	$3,290,234	$298,618
2024	$1,744,594	$1,320,905	$3,032,120	$423,689
2023	$1,062,980	$1,222,729	$2,496,657	$-159,749
2022	$1,025,647	$1,247,874	$2,673,295	$-222,227
2021	$1,227,011	$1,120,967	$3,209,938	$106,044
2020	$1,320,195	$1,110,293	$2,964,896	$209,902
2019	$1,095,470	$1,200,556	$2,806,378	$-105,086
2018	$1,138,488	$1,097,790	$2,898,208	$40,698

ANN ARBOR ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMMITTEE