IEC APPRENTICESHIP & TRAINING INC

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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

1982

Legal Domicile

Principal Officer

GRANT SHMELZER

Phone

3016219545

Tax Period

2023-07-01 to 2024-06-30

IEC APPRENTICESHIP & TRAINING INC, founded in 1982, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $724K, a strong 20% operating margin.

Mission

TO PROVIDE TRAINING TO SKILLED AND KNOWLEDGEABLE TRADESMAN AND PROVIDE CONTINUING EDUCATION AND SEMINARS TO ELECTRICAL JOURNEYMAN IN THE ELECTRICAL FIELD.

Program Service Accomplishments

Program 1

Expenses: $2,519,768 Revenue: $3,426,221

TO PROVIDE TRAINING TO SKILLED AND KNOWLEDGEABLE TRADESMAN AND PROVIDE CONTINUING EDUCATION AND SEMINARS TO ELECTRICAL JOURNEYMAN IN THE ELECTRICAL FIELD.

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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 $112,075

Program Service Revenue $3,426,221

Investment Income $78,685

Other Revenue $88,899

TOTAL REVENUE $3,705,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,453,685

Fundraising Expenses $0

Program Expenses $2,519,768

Other Expenses $1,528,206

TOTAL EXPENSES $2,981,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,705,880	$3,158,956	+0.2%
Expenses	$2,981,891	$2,559,369	+0.2%
Net Income	$723,989	$599,587	+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

Employees

N/A

Volunteers

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

$200,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY WEISMAN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT R BOWERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE VELTRI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD COOK	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
FRANKLN CHANEY	APPRENTICE COMMITTE CHAIR	1.00	Officer Director	$0	$0	$0
DALE KERNS	GOVERNMENTAL AFFIARS COMMI	1.00	Director	$0	$0	$0
DUDLEY HARRIS	MEMBERSHIP COMMITTEE CHAIR	1.00	Director	$0	$0	$0
VICKIE DOLS	FINANCE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
GRANT SHMELZER	EXECUTIVE DIRECTOR	20.00	Officer	$0	$15,444	$200,447

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	$3,705,880	$2,981,891	$4,985,820	$723,989
2023	$3,158,956	$2,559,369	$4,111,600	$599,587
2022	$2,893,289	$2,252,233	$3,113,507	$641,056
2021	$2,574,008	$2,002,774	$2,760,006	$571,234
2020	$2,149,694	$1,891,431	$1,710,939	$258,263
2019	$1,969,849	$1,625,007	$1,355,643	$344,842
2018	$1,832,996	$1,602,861	$1,152,712	$230,135