MIAMI JOINT ELECTRICAL APPRENTICESHIP & TRAINING COMMITTEE (EIN 590657722) - 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

1945

Legal Domicile

Principal Officer

ROCE SIMPSON

Phone

3053251330

Tax Period

2024-01-01 to 2024-12-31

MIAMI JOINT ELECTRICAL APPRENTICESHIP & TRAINING COMMITTEE, founded in 1945, is a small nonprofit that reported $984K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

EDUCATING AND TRAINING 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $857,182

Investment Income $121,211

Other Revenue $5,170

TOTAL REVENUE $983,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,835

Fundraising Expenses $0

Other Expenses $645,997

TOTAL EXPENSES $1,225,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,563	$877,907	+0.1%
Expenses	$1,225,832	$1,206,043	+0.0%
Net Income	$-242,269	$-328,136	-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

$2,930

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SERGIO MAYOR	TRAINING COO	50.00	Highest	$130,779	$34,837	$165,616
MATTHEW AGOSTINI	TRUSTEE	0.30	Director	$2,548	$382	$2,930
KENNETH FENNELL	TRUSTEE	0.30	Director	$0	$0	$0
WADE HELMS	TRUSTEE/SECR	0.30	Officer Director	$0	$0	$0
OTTO KIRCHHEINER	TRUSTEE	0.30	Director	$0	$0	$0
BRIAN RAPPAPORT	TRUSTEE	0.30	Director	$0	$0	$0
LENNY SIEBERT	TRUSTEE	0.30	Director	$0	$0	$0
CHRIS SIMPSON	CHAIRMAN	N/A	Director	$0	$0	$0
ROCE SIMPSON	CHAIRMAN	0.30	Officer Director	$0	$0	$0
WILLIAM RILEY	APPRENTICESH	20.00	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
2024	$983,563	$1,225,832	$3,123,010	$-242,269
2023	$877,907	$1,206,043	$3,277,527	$-328,136
2022	$928,083	$1,127,389	$3,555,798	$-199,306
2021	$1,145,065	$1,229,057	$4,081,534	$-83,992
2020	$1,211,423	$990,596	$4,211,478	$220,827
2019	$1,446,092	$1,026,320	$3,824,929	$419,772
2018	$787,315	$979,088	$3,169,970	$-191,773

MIAMI JOINT ELECTRICAL APPRENTICESHIP & TRAINING COMMITTEE