CAROLINA ELECTRICAL JOINT APPRENTICESHIP TRAIINING (EIN 561107074) - 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

1999

Legal Domicile

Principal Officer

ALVIN WARWICK

Phone

3362857781

Tax Period

2024-06-01 to 2025-05-31

CAROLINA ELECTRICAL JOINT APPRENTICESHIP TRAIINING, founded in 1999, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 77% operating margin.

Mission

TRAINING JOURNEYMEN AS ELECTRICIANS

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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 $0

Program Service Revenue $2,198,744

Investment Income $17,539

Other Revenue $4,984

TOTAL REVENUE $2,221,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,285

Fundraising Expenses $0

Program Expenses $509,471

Other Expenses $325,982

TOTAL EXPENSES $521,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,221,267	$831,642	+1.7%
Expenses	$521,267	$459,813	+0.1%
Net Income	$1,700,000	$371,829	+3.6%

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
VAN MUMFORD	TRUSTEE	N/A	Director	$0	$0	$0
RICHARD PADILLA	TRUSTEE	N/A	Director	$0	$0	$0
RICK SLUDER	TRUSTEE	N/A	Director	$0	$0	$0
TREVOR KRIEG	CHAIRMAN	N/A	Officer	$0	$0	$0
ALVIN WARWICK	SECRETARY	N/A	Officer	$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	$2,221,267	$521,267	$2,236,034	$1,700,000
2024	$831,642	$459,813	$531,669	$371,829
2023	$272,938	$334,588	$310,307	$-61,650
2022	$358,679	$323,233	$367,824	$35,446
2021	$301,032	$263,840	$353,448	$37,192
2020	$261,062	$310,289	$171,411	$-49,227
2019	$233,152	$348,248	$198,789	$-115,096

CAROLINA ELECTRICAL JOINT APPRENTICESHIP TRAIINING