IBEW - NECA JOINT APPRENTICESHIP & TRAINING FUND LOCAL 257 (EIN 436138617) - 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

1963

Legal Domicile

Principal Officer

JOEL VANDERSLICE

Phone

3147522330

Tax Period

2024-01-01 to 2024-12-31

IBEW - NECA JOINT APPRENTICESHIP & TRAINING FUND LOCAL 257, founded in 1963, is a small nonprofit that reported $545K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $515K left a modest 5% surplus.

Mission

PROVIDE FOR THE DEVELOPMENT OF SKILLS OF APPRENTICES OR JOURNEYMEN, OR BOTH, IN THE ELECTRICAL INDUSTRY, WHICH PROVIDES A PROGRAM THAT COMBINES TRAINING SCHOOL EDUCATION AND ON-THE-JOB TRAINING FOR ACCEPTED APPLICANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $421,543

Investment Income $69

Other Revenue $123,469

TOTAL REVENUE $545,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,487

Fundraising Expenses $0

Other Expenses $274,734

TOTAL EXPENSES $515,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,081	$488,065	+0.1%
Expenses	$515,221	$434,033	+0.2%
Net Income	$29,860	$54,032	-0.4%

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
JOEL VANDERSLICE	TRUSTEE	Director	$0	$0	$0
KEVIN BELCHER	TRUSTEE	Director	$0	$0	$0
DENNIS PALMER	TRUSTEE	Director	$0	$0	$0
LEON KELLER	TRUSTEE	Director	$0	$0	$0
MIKE FANNING	CHAIRMAN	Director	$0	$0	$0
XAVIER GASSIER	SECRETARY	Officer 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	$545,081	$515,221	$810,525	$29,860
2023	$488,065	$434,033	$774,864	$54,032
2022	$459,801	$397,184	$725,771	$62,617
2021	$461,502	$386,083	$657,090	$75,419
2020	$374,992	$353,413	$584,467	$21,579
2019	$451,500	$364,067	$579,442	$87,433
2018	$423,317	$338,947	$479,746	$84,370

IBEW - NECA JOINT APPRENTICESHIP & TRAINING FUND LOCAL 257