CHARLESTON ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST FUND (EIN 550559580) - 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

1976

Legal Domicile

Principal Officer

BRIAN THOMAS

Phone

3043455166

Tax Period

2024-01-01 to 2024-12-31

CHARLESTON ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST FUND, founded in 1976, is a small nonprofit that reported $602K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $150K, a strong 25% operating margin.

Mission

THE TRUST WAS CREATED SOLELY AND EXCLUSIVELY TO SUPPORT TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN AND RELATED PROGRAMS.

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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 $568,248

Program Service Revenue $0

Investment Income $29,511

Other Revenue $3,867

TOTAL REVENUE $601,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,003

Fundraising Expenses $0

Program Expenses $273,328

Other Expenses $221,765

TOTAL EXPENSES $451,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,626	$520,710	+0.2%
Expenses	$451,768	$419,175	+0.1%
Net Income	$149,858	$101,535	+0.5%

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

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

$89,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN THOMAS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CHRIS SAMPLES	SECRETARY	3.00	Officer Director	$0	$0	$0
PR BURDETTE	EXECUTIVE BOARD	3.00	Director	$0	$0	$0
TIM REED	EXECUTIVE BOARD	3.00	Director	$0	$0	$0
COLLIN WRIGHT	EXECUTIVE BOARD	3.00	Director	$0	$0	$0
CHRIS TINCHER	EXECUTIVE BOARD	3.00	Director	$0	$0	$0
DUSTIN VAUGHAN	DIRECTOR	40.00	Officer	$89,680	$0	$89,680

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	$601,626	$451,768	$1,587,493	$149,858
2023	$520,710	$419,175	$1,427,922	$101,535
2022	$558,381	$388,608	$1,327,916	$169,773
2021	$338,582	$346,967	$1,154,774	$-8,385
2020	$225,534	$344,604	$1,164,294	$-119,070
2019	$264,121	$279,530	$1,287,440	$-15,409
2018	$259,969	$299,762	$1,297,721	$-39,793

CHARLESTON ELECTRICAL JOINT APPRENTICESHIP & TRAINING TRUST FUND