LANSING ELECTRICAL JOINT APPRENTICE AND TRAINING COMMITTEE TRUST FUND (EIN 386157466) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

TROY STRANG

Phone

5174839688

Tax Period

2023-01-01 to 2023-12-31

LANSING ELECTRICAL JOINT APPRENTICE AND TRAINING COMMITTEE TRUST FUND, founded in 1948, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $411K, a strong 29% operating margin.

Mission

TO PROVIDE TRAINING TO EDUCATE THE APPRENTICES AND JOURNEYMAN OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 665 AND THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, LANSING DIVISION, MICHIGAN CHAPTER; INSURING AND PROVIDING THE ELECTRICAL CONSTRUCTION INDUSTRY WITH THE MOST HIGHLY TRAINED AND HIGHLY SKILLED WORKFORCE POSSIBLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,005

Program Service Revenue $1,290,042

Investment Income $47,965

Other Revenue $2,564

TOTAL REVENUE $1,425,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $590,000

Fundraising Expenses $0

Program Expenses $883,385

Other Expenses $424,315

TOTAL EXPENSES $1,014,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,425,576	$1,030,264	+0.4%
Expenses	$1,014,315	$880,206	+0.2%
Net Income	$411,261	$150,058	+1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY STRANG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KIMBERLY FAST	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON PANGBORN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ENGARDIO	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN WEMPLE	TRUSTEE	1.00	Director	$0	$0	$0
TODD BROWN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE MCCRACKIN	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR BIEGAJ	TRUSTEE	1.00	Director	$0	$0	$0
TRACY SEARS ENDED	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY FRYER ENDED	TRUSTEE	1.00	Director	$0	$0	$0
DALE GEORGE	TRAINING DIR	40.00	Highest	$107,285	$56,525	$163,810

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	No data	No data	No data	No data
2023	$1,425,576	$1,014,315	$1,941,408	$411,261
2022	$1,030,264	$880,206	$1,530,147	$150,058
2021	$1,099,627	$752,476	$1,380,089	$347,151
2020	$966,729	$731,640	$1,032,938	$235,089
2019	$781,822	$727,130	$797,849	$54,692
2018	$710,269	$739,483	$743,157	$-29,214

LANSING ELECTRICAL JOINT APPRENTICE AND TRAINING COMMITTEE TRUST FUND