Florida East Coast Electrical Joint Apprenticeship Training Trust

EIN: 596147315 501(c)(3) Employment

West Palm Beach, FL

Total Revenue
$1,204,026
Total Expenses
$1,070,628
Total Assets
$1,917,342
Net Assets
$1,771,876
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
FL
Principal Officer
Richard Shawbell
Phone
5619684400
Tax Period
2023-07-01 to 2024-06-30

Florida East Coast Electrical Joint Apprenticeship Training Trust, founded in 1995, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.1M left a modest 11% surplus.

Mission

The Trust isa nonprofit fund, solely and exclusively for the purpose of providing a program for the training and education of electrical apprentices, journeymen, or other appropriate persons and programs.

Program Service Accomplishments

Program 1
Expenses: $1,070,628

The Trust provides training and education for electrical apprentices, journeymen or other appropriate persons in the geographic area covered by Local Union 728 of the IBEW.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $352,936
Program Service Revenue $704,218
Investment Income $38,894
Other Revenue $107,978
TOTAL REVENUE $1,204,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $667,989
Fundraising Expenses $0
Program Expenses $1,070,628
Other Expenses $402,639
TOTAL EXPENSES $1,070,628

Year-over-Year Comparison

2023 2022 Change
Revenue $1,204,026 $1,308,215 -0.1%
Expenses $1,070,628 $1,124,348 0.0%
Net Income $133,398 $183,867 -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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
6
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
0
$0
Total Directors
8
$108,090
Key Employees
1
$108,090
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Shawbell Director 040.00
Director Key Emp
$108,090 $0 $108,090
Lenny Seibert Secretary 002.00
Director
$0 $0 $0
George Adam Campbell Trustee 002.00
Director
$0 $0 $0
Justin McIntosh Chairman 002.00
Director
$0 $0 $0
Vincent Fortune Trustee 002.00
Director
$0 $0 $0
Jim Stubblefield Trustee 002.00
Director
$0 $0 $0
Carl Tirone Trustee 002.00
Director
$0 $0 $0
Jeff Meldrim Trustee 002.00
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 No data No data No data No data
2024 $1,204,026 $1,070,628 $1,917,342 $133,398
2023 $1,308,215 $1,124,348 $1,677,102 $183,867
2022 $996,418 $928,249 $1,480,155 $68,169
2021 $1,085,865 $921,341 $1,480,161 $164,524
2020 $1,099,740 $843,627 $1,310,589 $256,113
2019 $900,712 $890,310 $1,027,393 $10,402
2018 $849,495 $854,309 $992,917 $-4,814
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