ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND LOCAL 388 (EIN 396259511) - 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

Formation Year

2006

Legal Domicile

Principal Officer

PATRICK PALECEK

Phone

6082213321

Tax Period

2024-06-01 to 2025-05-31

ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND LOCAL 388, founded in 2006, is a small nonprofit that reported $231K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 34% operating margin.

Mission

SUPPORT TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS IN THE AREA COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.

🔒

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 $220,934

Investment Income $10,305

Other Revenue $0

TOTAL REVENUE $231,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $149,725

TOTAL EXPENSES $151,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,239	$211,057	+0.1%
Expenses	$151,565	$168,133	-0.1%
Net Income	$79,674	$42,924	+0.9%

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

N/A

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
PATRICK PALECEK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEAN MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL VAN ERT	TRUSTEE	1.00	Director	$0	$0	$0
ZACH NEWTON	TRUSTEE	1.00	Director	$0	$0	$0
JASON KAY	TRUSTEE	1.00	Director	$0	$0	$0
ANDY BECKER	TRUSTEE	1.00	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	$231,239	$151,565	$481,026	$79,674
2024	$211,057	$168,133	$401,352	$42,924
2023	$209,462	$173,494	$358,428	$35,968

ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND LOCAL 388