OMAHA ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND (EIN 470446551) - 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

1974

Legal Domicile

Principal Officer

KEVIN WETUSKI

Phone

4023313103

Tax Period

2023-07-01 to 2024-06-30

OMAHA ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND, founded in 1974, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 36% operating deficit.

Mission

TRAINING & EDUCATION OF ELECTRICIANS. THIS IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

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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 $997,722

Investment Income $207,849

Other Revenue $0

TOTAL REVENUE $1,205,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $975,412

Fundraising Expenses $0

Program Expenses $1,344,929

Other Expenses $659,760

TOTAL EXPENSES $1,635,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,205,571	$1,333,419	-0.1%
Expenses	$1,635,172	$1,618,944	+0.0%
Net Income	$-429,601	$-285,525	+0.5%

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

$154,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN WETUSKI	TRAINING DIR	48.00	Director	$105,909	$45,057	$150,966
DANIEL BOUCKAERT	TRUSTEE	2.00	Director	$1,528	$46	$1,574
RAFAEL VALDEZ	TRUSTEE	2.00	Director	$1,528	$46	$1,574
ROGER KNOBBE	TRUSTEE	2.00	Director	$0	$0	$0
BARRY MAYFIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK MILOTA	TRUSTEE	2.00	Director	$0	$0	$0
DAN SMITH	CHAIRMAN	2.00	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
2025	No data	No data	No data	No data
2024	$1,205,571	$1,635,172	$7,070,022	$-429,601
2023	$1,333,419	$1,618,944	$6,854,744	$-285,525
2022	$925,962	$1,452,962	$6,809,179	$-527,000
2021	$1,060,498	$1,289,457	$7,974,699	$-228,959
2020	$2,624,606	$1,159,093	$6,778,603	$1,465,513
2019	$1,958,253	$1,065,845	$6,745,766	$892,408

OMAHA ELECTRICAL JOINT APPRENTICESHIP & TRAINING FUND