RICHMOND ELECTRICIANS' JOINT APPRENTICE- SHIP AND TRAINING COMMITTEE

EIN: 540566042 501(c)(3) Education

ASHLAND, VA

Total Revenue
$2,685,519
Total Expenses
$2,034,532
Total Assets
$5,230,312
Net Assets
$5,107,631
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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
1946
Legal Domicile
VA
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 $2.7M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $651K, a strong 24% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $1,215,863 Revenue: $2,120,276

THE ORGANIZATION HAS DEVELOPED, COORDINATED, AND CONDUCTED TRAINING PROGRAMS TO PROVIDE UNION MEMBERS WITH THE COMPREHENSIVE AND EFFECTIVE SKILLS NEEDED TO CONDUCT THEIR JOBS SAFELY AND EFFICIENTLY...

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THE ORGANIZATION HAS DEVELOPED, COORDINATED, AND CONDUCTED TRAINING PROGRAMS TO PROVIDE UNION MEMBERS WITH THE COMPREHENSIVE AND EFFECTIVE SKILLS NEEDED TO CONDUCT THEIR JOBS SAFELY AND EFFICIENTLY WHILE MEETING THE HIGHEST STANDARDS OF QUALITY.

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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 $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

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Governance

Voting Members
11
Independent Members
8
Employees
33
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
3
$378,950
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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