Joint Apprenticeship Committee of the Tidewater Plumbing Heating and AC Ind (EIN 540626978) - 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

1959

Legal Domicile

Phone

7574801027

Tax Period

2024-05-01 to 2025-04-30

JOINT APPRENTICESHIP COMMITTEE OF THE TIDEWATER PLUMBING HEATING AND A/C IND, founded in 1959, is a small nonprofit that reported $538K in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE TRAINING TO APPRENTICES.

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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 $1,091,523

Investment Income $151

Other Revenue $1,917

TOTAL REVENUE $1,093,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,257

Fundraising Expenses $0

Program Expenses $0

Other Expenses $436,107

TOTAL EXPENSES $970,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,093,591	$970,175	+0.1%
Expenses	$970,364	$863,171	+0.1%
Net Income	$123,227	$107,004	+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

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

$122,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS BEGOLLY	SECRETARY	1.0	Officer Director	$0	$0	$0
TERRY GREGORY	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
ETHAN BROWN	DIRECTOR	1.0	Director	$0	$0	$0
JOSH SHELTON	DIRECTOR	1.0	Director	$0	$0	$0
JOSHUA BOYD	DIRECTOR	1.0	Director	$0	$0	$0
MIKE JOHNSTON	DIRECTOR	1.0	Director	$0	$0	$0
STEVEN MASTERSON	COORDINATOR	40.0	Officer	$81,020	$41,686	$122,706

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	$1,093,591	$970,364	$2,123,646	$123,227
2024	$970,175	$863,171	$2,000,419	$107,004
2023	$861,505	$835,149	$1,900,237	$26,356
2022	$1,116,061	$1,018,961	$1,881,886	$97,100
2021	$796,252	$672,377	$1,774,485	$123,875
2020	$765,139	$590,996	$1,650,974	$174,143
2019	$1,026,471	$586,826	$1,476,349	$439,645
2018	$538,066	$554,007	$1,036,019	$-15,941

Joint Apprenticeship Committee of the Tidewater Plumbing Heating and AC Ind