WATERLOO JOINT APPRENTICESHIP TRAI… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

CHRIS REITER

Phone

3192325374

Tax Period

2024-06-01 to 2025-05-31

WATERLOO JOINT APPRENTICESHIP TRAINING TRUST, founded in 2014, is a small nonprofit in the Education sector that reported $276K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO ADMINISTER THE APPRENTICESHIP AND TRAINING PROGRAMS FOR THE ELECTRICAL CONTRACTING INDUSTRY IN THE WATERLOO AREA OF IOWA.

Program Service Accomplishments

Program 1

Expenses: $219,291

TRAINING SERVICES FOR APPRENTICES AND JOURNEYMEN ELECTRICIANS.

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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 $23,356

Program Service Revenue $239,165

Investment Income $13,449

Other Revenue $0

TOTAL REVENUE $275,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,858

Fundraising Expenses $0

Program Expenses $219,291

Other Expenses $243,132

TOTAL EXPENSES $293,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,970	$299,592	-0.1%
Expenses	$293,990	$241,596	+0.2%
Net Income	$-18,020	$57,996	-1.3%

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

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

$37,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA HENZEN	TRAINING DIR	25.00	Director	$36,802	$1,004	$37,806
TOM ADAMSON	TRUSTEE	1.00	Director	$0	$0	$0
JOE DETERMAN	TRUSTEE	1.00	Director	$0	$0	$0
ED FOLLMUTH	TRUSTEE	1.00	Director	$0	$0	$0
MATT HOLCOMB	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES KACHER	TRUSTEE	1.00	Director	$0	$0	$0
IVAN KOZLOVSKYI	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS REITER	CHAIRMAN	1.00	Director	$0	$0	$0
CHRIS WELLS	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	$275,970	$293,990	$448,223	$-18,020
2024	$299,592	$241,596	$460,969	$57,996
2023	$285,588	$216,510	$385,865	$69,078
2022	$217,627	$190,758	$319,621	$26,869
2021	$207,155	$202,664	$301,897	$4,491

WATERLOO JOINT APPRENTICESHIP TRAINING TRUST