Charlotte Electrical JATC (EIN 582431633) - 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

1998

Legal Domicile

Principal Officer

Scott Thrower

Phone

7045237011

Tax Period

2025-01-01 to 2025-12-31

Charlotte Electrical JATC, founded in 1998, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2025. Expenses of $1.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

Training for Electrical Workers

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,497

Program Service Revenue $1,393,579

Investment Income $7,028

Other Revenue $0

TOTAL REVENUE $1,442,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $804,840

Fundraising Expenses $0

Program Expenses $1,186,710

Other Expenses $982,622

TOTAL EXPENSES $1,787,462

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,442,104	$1,505,150	0.0%
Expenses	$1,787,462	$1,469,639	+0.2%
Net Income	$-345,358	$35,511	-10.7%

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

$120,469

Total Directors

$120,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Schnell	Director	40.00	Officer Director	$90,021	$30,448	$120,469
Trevor Krieg	Secretary	3.00	Officer Director	$0	$0	$0
Darren Helms	Trustee	3.00	Director	$0	$0	$0
Doug McDaniel	Secretary	3.00	Officer Director	$0	$0	$0
Scott Thrower	Chairman	3.00	Officer Director	$0	$0	$0
Michael Aldorasi	Trustee	3.00	Officer Director	$0	$0	$0
William Malone	Trustee	3.00	Officer Director	$0	$0	$0
Eddie Byrams	Trustee	3.00	Officer Director	$0	$0	$0
Curtis Keener	Trustee	3.00	Officer Director	$0	$0	$0
Gary Alexander	Trustee	3.00	Director	$0	$0	$0
Elijah Flynn	Trustee	3.00	Officer Director	$0	$0	$0
Kevin Primus	Trustee	3.00	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	$1,442,104	$1,787,462	$3,259,734	$-345,358
2024	$1,505,150	$1,469,639	$3,657,730	$35,511
2023	$1,313,139	$1,301,106	$3,690,027	$12,033
2022	$1,101,382	$983,921	$3,743,422	$117,461
2021	$1,212,226	$925,858	$3,697,588	$286,368
2020	$757,518	$785,101	$3,503,392	$-27,583
2018	$1,013,446	$697,766	$3,499,814	$315,680

Charlotte Electrical JATC