MADISON, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
A TRUST FUND THAT SUPPORTS A PROGRAM FOR TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS IN THE AREA COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.
THE TRUST FUND PROVIDED PROGRAMS FOR THE EDUCATION AND TRAINING OF PARTICIPANTS, APPRENTICES, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE...
THE TRUST FUND PROVIDED PROGRAMS FOR THE EDUCATION AND TRAINING OF PARTICIPANTS, APPRENTICES, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT. TRAINING WAS PROVIDED FOR APPROXIMATELY NINETY-ONE (91) APPRENTICES AND THREE-HUNDRED-AND EIGHTY-SIX (386) PARTICIPANTS, JOURNEY LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE INSIDE COLLECTIVE BARGAINING AGREEMENT DURING THE YEAR. THE TRUST FUND ALSO PROVIDED TRAINING TO FIVE (5) INSTRUCTORS THROUGH INSTRUCTOR IMPROVEMENT AND TRAINING COURSES, AND FOUR (4) COMMITTEE MEMBERS THROUGH CONFERENCE(S) AND/OR TRAINING COURSE(S).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND LOCAL 388 with other nonprofits in Wisconsin and across the country.