IBEW LOCAL #1 APPRENTICESHIP AND TRAINING FUND (EIN 430695816) - 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

1954

Legal Domicile

Principal Officer

KYLE MCKENNA

Phone

3147522230

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL #1 APPRENTICESHIP AND TRAINING FUND, founded in 1954, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

APPRENTICE TRAINING

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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 $4,777,875

Investment Income $128,800

Other Revenue $-314,780

TOTAL REVENUE $4,591,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,164,862

Fundraising Expenses $0

Other Expenses $710,559

TOTAL EXPENSES $2,875,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,591,895	$3,905,610	+0.2%
Expenses	$2,875,421	$2,422,583	+0.2%
Net Income	$1,716,474	$1,483,027	+0.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBERT KAEMMERLEN JR	TRUSTEE	Director	$0	$0	$0
FRANK JACOBS	CHAIRMAN	Officer Director	$0	$0	$0
KYLE MCKENNA	SECRETARY	Officer Director	$0	$0	$0
STEVEN MUEHLING	TRUSTEE	Director	$0	$0	$0
BOB SENF	TRUSTEE	Director	$0	$0	$0
JIM REINHEIMER JR	TRUSTEE	Director	$0	$0	$0
DAVID GRALIKE	TRUSTEE	Director	$0	$0	$0
DOUG BOYER	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$4,591,895	$2,875,421	$5,951,637	$1,716,474
2022	$3,905,610	$2,422,583	$4,134,097	$1,483,027
2021	$2,853,389	$2,377,491	$2,963,592	$475,898
2020	$2,577,438	$2,031,046	$2,295,911	$546,392
2019	$2,793,639	$2,384,249	$1,760,670	$409,390
2018	$2,299,164	$2,269,897	$1,229,592	$29,267

IBEW LOCAL #1 APPRENTICESHIP AND TRAINING FUND