WISCONSIN NECAIBEW JOINT APPRENTIC… - 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

1993

Legal Domicile

Principal Officer

JAMES COOK

Phone

6082213321

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN NECAIBEW JOINT APPRENTICESHIP AND TRAINING TRUST AGREEMENT, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $217K, a strong 15% operating margin.

Mission

THE WISCONSIN NECA-IBEW JOINT APPRENTICESHIP AND TRAINING TRUST IS A TRUST FUND THAT SUPPORTS A STATEWIDE PROGRAM FOR THE TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS AND JOURNEYWORKER ELECTRICIANS.

Program Service Accomplishments

Program 1

THE WISCONSIN NECA-IBEW JOINT APPRENTICESHIP AND TRAINING TRUST PROVIDED TRUSTEE TRAINING TO ONE OF THREE TRAINING DIRECTORS SPONSORED BY INTERNATIONAL FOUNDATION FOR EMPLOYEE BENEFIT PLANS. IT...

THE WISCONSIN NECA-IBEW JOINT APPRENTICESHIP AND TRAINING TRUST PROVIDED TRUSTEE TRAINING TO ONE OF THREE TRAINING DIRECTORS SPONSORED BY INTERNATIONAL FOUNDATION FOR EMPLOYEE BENEFIT PLANS. IT PARTNERED WITH THE CONSTRUCTION WORKFORCE DIVERSITY ALLIANCE TO INCREASE THE RECRUITMENT AND RETENTION OF WOMEN IN ELECTRICAL APPRENTICESHIP PROGRAMS. CURRENTLY MONITORING 975 APPRENTICES, 85 COMMITTEE MEMBERS, AND APPROXIMATELY 20 PART-TIME INSTRUCTORS FROM EIGHT DIFFERENT JURISDICTIONS. IT FACILITATED ADVANCED INSTRUCTOR TRAINING, PROVIDED BY THE ELECTRICAL TRAINING ALLIANCE, AND TRAINING FOR INSTRUCTORS IN THE ONLINE DELIVERY METHOD FOR THE RELATED INSTRUCTION TO A BLENDED LEARNING MODEL FOR 15 FULL-TIME INSTRUCTORS AND 4 TRAINING DIRECTORS.

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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 $0

Program Service Revenue $1,398,546

Investment Income $4,935

Other Revenue $0

TOTAL REVENUE $1,403,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $738,360

Fundraising Expenses $0

Other Expenses $448,249

TOTAL EXPENSES $1,186,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,403,481	$1,220,372	+0.2%
Expenses	$1,186,609	$1,174,389	+0.0%
Net Income	$216,872	$45,983	+3.7%

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

$163,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN FRANK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DARREN JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM SCHLENDER	TRUSTEE	1.00	Director	$0	$0	$0
JON CHERMACK	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL LARSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS GULBRANDSON	TRUSTEE	1.00	Director	$0	$0	$0
DEAN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JIM ELAND II	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GERLACH	TRUSTEE	1.00	Director	$0	$0	$0
BEN MYERS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BALTHAZOR	TRUSTEE	1.00	Director	$0	$0	$0
STEVE FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
GREG HARTJES	TRUSTEE	1.00	Director	$0	$0	$0
MIKE KILLIAN	TRUSTEE	1.00	Director	$0	$0	$0
JESSE JACQUES	TRUSTEE	1.00	Director	$0	$0	$0
JAMES COOK	COORDINATOR/TRAINING DIRECTOR	40.00	Officer	$121,487	$41,852	$163,339
MICHAEL WAGNER	TRAINING DIRECTOR	40.00	Highest	$116,275	$30,191	$146,466

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	$1,403,481	$1,186,609	$1,459,554	$216,872
2022	$1,220,372	$1,174,389	$1,146,012	$45,983
2021	$1,097,690	$1,036,944	$1,040,598	$60,746
2020	$1,073,848	$1,028,458	$1,000,378	$45,390
2019	$1,078,902	$951,219	$948,322	$127,683
2018	$955,610	$934,367	$824,280	$21,243

WISCONSIN NECAIBEW JOINT APPRENTICESHIP AND TRAINING TRUST AGREEMENT