Joint Apprenticeship Committee Tidewater Electrical Industry (EIN 540618019) - 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

1960

Legal Domicile

Principal Officer

DENNIS FLOYD

Phone

7574802812

Tax Period

2025-01-01 to 2025-12-31

Joint Apprenticeship Committee Tidewater Electrical Industry, founded in 1960, is a small nonprofit that reported $314K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year.

Mission

The organization provides training to apprentices for the electrical industry in the Hampton Roads area.

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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 (2025)

Revenue Breakdown

Contributions & Grants $27,500

Program Service Revenue $840,917

Investment Income $22,462

Other Revenue $27,257

TOTAL REVENUE $918,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,568

Fundraising Expenses $0

Other Expenses $492,307

TOTAL EXPENSES $777,875

Year-over-Year Comparison

	2025	2024	Change
Revenue	$918,136	$773,232	+0.2%
Expenses	$777,875	$663,096	+0.2%
Net Income	$140,261	$110,136	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN HURT	TRAINING DIRECTOR	40.00		$95,846	$15,854	$111,700
BRIAN MARTIN	Trustee	5.00	Director	$0	$0	$0
PHILLIP JAMES	Trustee	5.00	Director	$0	$0	$0
LOUIS RICK	Trustee	5.00	Director	$0	$0	$0
RANDY HEWITT	Trustee	5.00	Director	$0	$0	$0
scott blankenburg	Trustee	5.00	Director	$0	$0	$0
DEREK SAMUELSON	Trustee	5.00	Director	$0	$0	$0
DENNIS FLOYD	Trustee	5.00	Director	$0	$0	$0
Larry Shaffer	Trustee	5.00	Director	$0	$0	$0
Kyler Cattrell	Trustee	5.00	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	$918,136	$777,875	$2,637,387	$140,261
2024	$773,232	$663,096	$2,529,578	$110,136
2023	$561,375	$553,963	$2,449,618	$7,412
2022	$761,934	$348,593	$1,274,103	$413,341
2021	$697,253	$356,476	$906,559	$340,777
2020	$349,142	$394,037	$566,040	$-44,895
2019	$314,001	$342,384	$615,299	$-28,383

Joint Apprenticeship Committee Tidewater Electrical Industry