RICHMOND ELECTRICIANS' JOINT APPRENTICE- SHIP AND TRAINING COMMITTEE (EIN 540566042) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

STEVEN SPICER

Phone

8047528266

Tax Period

2024-01-01 to 2024-12-31

RICHMOND ELECTRICIANS' JOINT APPRENTICE- SHIP AND TRAINING COMMITTEE, founded in 1946, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2018. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 32% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO ESTABLISH AND MAINTAIN JOINT APPRENTICESHIP AND VOCATIONAL TRAINING, EDUCATION, AND RETRAINING PROGRAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,120,276

Investment Income $565,243

Other Revenue $0

TOTAL REVENUE $2,685,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,226

Fundraising Expenses $0

Program Expenses $1,215,863

Other Expenses $969,306

TOTAL EXPENSES $2,034,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,685,519	$1,777,956	+0.5%
Expenses	$2,034,532	$1,591,724	+0.3%
Net Income	$650,987	$186,232	+2.5%

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

$378,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JS RUDACILLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL W STONE	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL BAYS	TRUSTEE/SECRETARY	1.00	Director	$0	$0	$0
BRAD RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
WALTER T GOREE	TRUSTEE/CHAIRMAN	1.00	Director	$0	$0	$0
WILLIAM FINO	TRUSTEE (P)	1.00	Director	$0	$0	$0
WILLIAM MERRIMAN	TRUSTEE	1.00	Director	$0	$0	$0
MARY HEAVENER	TRUSTEE (P)	1.00	Director	$0	$0	$0
EDWARD L CROCKETT	TRUSTEE	1.00	Director	$0	$0	$0
RICARDO AMELCO	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN SPICER	DIRECTOR	50.00	Officer	$95,059	$39,770	$134,829
MACROS E HERRERA	ASSISTANT DIRECTOR	50.00	Officer	$84,078	$37,057	$121,135
BRYAN HALSTEAD	ASSISTANT DIRECTOR	50.00	Officer	$85,563	$37,423	$122,986

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	$2,685,519	$2,034,532	$5,230,312	$650,987
2023	$1,777,956	$1,591,724	$5,905,988	$186,232
2022	$2,419,610	$1,469,978	$4,320,577	$949,632
2021	$2,021,776	$1,368,366	$3,753,813	$653,410
2020	$1,648,322	$1,138,835	$3,152,766	$509,487
2019	$1,943,769	$995,961	$2,710,879	$947,808
2018	$1,376,019	$934,054	$1,809,373	$441,965

RICHMOND ELECTRICIANS' JOINT APPRENTICE- SHIP AND TRAINING COMMITTEE