IBEW 375 ELECTRICAL JATC FUND (EIN 510244726) - 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

1968

Legal Domicile

Principal Officer

BRIAN WANAMAKER

Phone

6104329762

Tax Period

2023-01-01 to 2023-12-31

IBEW 375 ELECTRICAL JATC FUND, founded in 1968, is a small nonprofit in the Employment sector that reported $727K in total revenue in fiscal year 2023. Expenses of $673K left a modest 7% surplus.

Mission

PROVIDE TRAINING PROGRAMS FOR APPRENTICE ELECTRICIANS AND CONTINUING PROFESSIONAL DEVELOPMENT FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $74,294

Program Service Revenue $634,072

Investment Income $11,181

Other Revenue $7,752

TOTAL REVENUE $727,299

Expense Breakdown

Grants Paid $13,639

Salaries & Benefits $348,953

Fundraising Expenses $0

Program Expenses $637,870

Other Expenses $310,177

TOTAL EXPENSES $672,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,299	$686,145	+0.1%
Expenses	$672,769	$666,989	+0.0%
Net Income	$54,530	$19,156	+1.8%

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

$189,046

Key Employees

$188,223

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WANAMAKER	CHAIRMAN/TRUSTEE	5.00	Officer Director	$0	$0	$0
JUSTIN GRIMSHAW	SECRETARY/TRUSTEE	5.00	Officer Director	$0	$0	$0
CURT HOYAK	TRUSTEE	5.00	Director	$0	$0	$0
COLLIN WALKER	TRUSTEE	5.00	Director	$542	$281	$823
LONNIE HILL	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT FRANKLIN	TRANING DIRECTOR	50.00	Director Key Emp	$126,285	$61,938	$188,223
ROBERT YANKOWY	TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$727,299	$672,769	$1,504,521	$54,530
2022	$686,145	$666,989	$1,465,683	$19,156
2021	$663,083	$611,630	$1,434,913	$51,453
2020	$575,900	$587,611	$1,379,991	$-11,711
2019	$616,169	$620,532	$1,390,103	$-4,363
2018	$620,754	$622,226	$1,397,657	$-1,472

IBEW 375 ELECTRICAL JATC FUND