ELECTRICAL LOCAL 26 JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 526068019) - 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

1966

Legal Domicile

Principal Officer

WILLIAM MURPHY

Phone

3014292575

Tax Period

2024-07-01 to 2025-06-30

ELECTRICAL LOCAL 26 JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $19.7M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.2M, a strong 26% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE, THROUGH CONTRIBUTIONS TO A TRUST FUND, EDUCATION AND TRAINING PROGRAMS FOR APPRENTICE 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 $0

Program Service Revenue $18,787,516

Investment Income $753,044

Other Revenue $187,669

TOTAL REVENUE $19,728,229

Expense Breakdown

Grants Paid $5,907,897

Salaries & Benefits $4,469,552

Fundraising Expenses $0

Program Expenses $13,027,905

Other Expenses $4,124,441

TOTAL EXPENSES $14,501,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,728,229	$16,479,255	+0.2%
Expenses	$14,501,890	$12,164,403	+0.2%
Net Income	$5,226,339	$4,314,852	+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

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

$214,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MURPHY	TRAINING DIRECTOR	40.0	Officer	$168,377	$45,739	$214,116
MARTY MCRAE	ASSISTANT DIRECTOR	40.0	Highest	$154,687	$44,930	$199,617
WILLIAM TRIPLETT	ASSISTANT DIRECTOR	40.0	Highest	$151,905	$45,000	$196,905
JAMES REID	ASSISTANT DIRECTOR	40.0	Highest	$150,939	$44,930	$195,869
JUAN HERNANDEZ	ASSISTANT DIRECTOR	40.0	Highest	$150,858	$44,930	$195,788
AZAMAT ASSATOV	ASSISTANT DIRECTOR	40.0	Highest	$148,760	$44,930	$193,690
THOMAS MYERS	ADVISOR	2.0	Director	$0	$0	$0
CHRISTOPHER CASH	TRUSTEE	2.0	Director	$0	$0	$0
JOE DALEY	CHAIRMAN	2.0	Director	$0	$0	$0
NORM STRICKLAND	Trustee	2.0	Director	$0	$0	$0
KEN BASSETT	TRUSTEE	2.0	Director	$0	$0	$0
GREGG KADERABEK	TRUSTEE until 12/24	2.0	Director	$0	$0	$0
JOE DABBS	CO-CHAIRMAN	2.0	Director	$0	$0	$0
WILLIAM NG	TRUSTEE	2.0	Director	$0	$0	$0
JT THOMAS	ADVISOR	2.0	Director	$0	$0	$0
CHRISTOPHER BROOKS	TRUSTEE	2.0	Director	$0	$0	$0
COLTON PALMER	TRUSTEE from 01/25	2.0	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	$19,728,229	$14,501,890	$45,678,934	$5,226,339
2024	$16,479,255	$12,164,403	$38,794,125	$4,314,852
2023	$15,306,053	$11,194,557	$34,003,434	$4,111,496
2022	$14,296,333	$10,222,980	$29,794,692	$4,073,353
2021	$13,635,455	$8,558,596	$26,929,198	$5,076,859
2020	$12,549,536	$7,946,858	$21,710,401	$4,602,678
2019	$11,627,457	$8,427,885	$17,131,853	$3,199,572
2018	$10,680,012	$8,262,283	$14,572,966	$2,417,729

ELECTRICAL LOCAL 26 JOINT APPRENTICESHIP AND TRAINING TRUST FUND