CEDAR RAPIDS ELECTRICAL APPRENTICESHIP TRAINING AND EDUCATIONAL TRUST (EIN 426603775) - 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

2000

Legal Domicile

Phone

3196549238

Tax Period

2024-06-01 to 2025-05-31

CEDAR RAPIDS ELECTRICAL APPRENTICESHIP TRAINING AND EDUCATIONAL TRUST, founded in 2000, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 15% surplus.

Mission

TO PROVIDE TRAINING AND EDUCATION FOR APPRENTICES & JOURNEYMEN ELECTRICIANS IN EASTERN IOWA.

🔒

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 $1,263,301

Program Service Revenue $76,398

Investment Income $27,907

Other Revenue $293,669

TOTAL REVENUE $1,661,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $983,985

Fundraising Expenses $0

Program Expenses $1,166,613

Other Expenses $431,726

TOTAL EXPENSES $1,415,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,275	$1,569,134	+0.1%
Expenses	$1,415,711	$1,191,739	+0.2%
Net Income	$245,564	$377,395	-0.3%

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

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

Total Directors

$103,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEBEDIAH NOVAK	Director	42.50	Director	$103,078	$0	$103,078
JEFF COOLING	Trustee	0.00	Director	$0	$0	$0
JAKE ISBELL	Trustee	0.00	Director	$0	$0	$0
BRAD HACKETT	Trustee	0.00	Director	$0	$0	$0
JONATHAN FAFSELIUS	Trustee	0.00	Director	$0	$0	$0
JOHN FRANKLIN	Trustee	0.00	Director	$0	$0	$0
MATT SHAVER	Trustee	0.00	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	$1,661,275	$1,415,711	$3,645,185	$245,564
2024	$1,569,134	$1,191,739	$3,400,034	$377,395
2023	$1,252,597	$1,042,014	$3,027,610	$210,583
2022	$1,136,825	$1,063,463	$2,818,153	$73,362
2021	$1,394,767	$1,019,538	$2,747,719	$375,229
2020	$1,125,027	$979,180	$2,508,228	$145,847
2019	$1,058,214	$885,468	$2,286,368	$172,746
2018	$1,040,712	$899,696	$2,423,460	$141,016

CEDAR RAPIDS ELECTRICAL APPRENTICESHIP TRAINING AND EDUCATIONAL TRUST