WESTERN MARYLAND ELECTRICAL JATC TRUST FUND

EIN: 526060430 501(c)(3) Education

CUMBERLAND, MD

Total Revenue
$601,565
Total Expenses
$319,852
Total Assets
$1,767,764
Net Assets
$1,760,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MD
Principal Officer
RODNEY RICE
Phone
3017245282
Tax Period
2024-05-01 to 2025-04-30

WESTERN MARYLAND ELECTRICAL JATC TRUST FUND, founded in 1965, is a small nonprofit in the Education sector that reported $602K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 47% operating margin.

Mission

THE WESTERN MARYLAND ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND IS AN APPRENTICESHIP AND TRAINING FUND ESTABLISHED TO PROVIDE EDUCATIONAL AND TRAINING PROGRAMS FOR ELECTRICAL APPRENTICES, JOURNEYMEN, OR OTHER APPROPRIATE PERSONS IN THE GEOGRAPHIC JURISDICTION OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL NO. 307.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $594,570
Program Service Revenue $0
Investment Income $11,057
Other Revenue $-4,062
TOTAL REVENUE $601,565

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,620
Fundraising Expenses $0
Program Expenses $270,739
Other Expenses $151,232
TOTAL EXPENSES $319,852

Year-over-Year Comparison

2024 2023 Change
Revenue $601,565 $365,852 +0.6%
Expenses $319,852 $318,327 +0.0%
Net Income $281,713 $47,525 +4.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
9
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODNEY E RICE CHAIRMAN 4.00
Officer Director
$0 $0 $0
JEFFERY MCLAUGHLIN COMMITTEEMAN 4.00
Director
$0 $0 $0
ARTHUR STREITBECK III COMMITTEEMAN 4.00
Director
$0 $0 $0
BRANDON WRIGHT COMMITTEEMAN 4.00
Director
$0 $0 $0
CHRISTOPHER J BENNETT SECRETARY 4.00
Officer Director
$0 $0 $0
GEORGE A KOONTZ COMMITTEEMAN 4.00
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 $601,565 $319,852 $1,767,764 $281,713
2024 $365,852 $318,327 $1,462,080 $47,525
2023 $386,991 $324,878 $1,392,520 $62,113
2022 $420,642 $248,604 $1,323,634 $172,038
2021 $290,885 $203,335 $1,148,017 $87,550
2020 $306,634 $199,929 $1,032,557 $106,705
2019 $608,164 $233,703 $922,423 $374,461
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