LOUISVILLE ELECTRICAL JOINT APPREN… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

ROBERT SHELTON

Phone

5025819210

Tax Period

2024-07-01 to 2025-06-30

LOUISVILLE ELECTRICAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE, founded in 1955, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 24% operating margin.

Mission

THE MISSION OF LEJATC IS TO PROVIDE EDUCATION, TRAINING, AND DEVELOPMENT FOR INDIVIDUALS IN THE ELECTRICAL INDUSTRY THROUGH APPRENTICESHIP PROGRAMS, JOURNEYMAN TRAINING, AND CONTINUING EDUCATION, GOVERNED BY IBEW LOCAL 369 AND NECA.

Program Service Accomplishments

Program 1

Expenses: $4,061,914 Revenue: $5,465,119

LEJATC PROVIDES TRAINING AND EXPERIENCE FOR UNION ELECTRICAL WORKERS. EXPENSES INCLUDE PAYMENTS FOR INSTRUCTORS, TEACHING SUPPLIES AND OTHER RELATED EXPENSES.

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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 $5,454,544

Investment Income $396,596

Other Revenue $36,102

TOTAL REVENUE $5,887,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,930,825

Fundraising Expenses $0

Program Expenses $4,061,914

Other Expenses $2,535,127

TOTAL EXPENSES $4,465,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,887,242	$8,005,826	-0.3%
Expenses	$4,465,952	$3,879,903	+0.2%
Net Income	$1,421,290	$4,125,923	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE PETERS	TRUSTEE - CHAIRMAN	0.50	Director	$0	$0	$0
ED DEVINE	TRUSTEE	0.50	Director	$0	$0	$0
DAVE PARKER	TRUSTEE	0.50	Director	$0	$0	$0
DUJUAN BROADUS	TRUSTEE	0.50	Director	$0	$0	$0
JOE LOGAN	TRUSTEE	0.50	Director	$0	$0	$0
JAMES STRANGE	TRUSTEE	0.50	Director	$0	$0	$0
JOE HEGER	TRUSTEE - SECRETARY	0.50	Director	$0	$0	$0
RICKY GEORGE	TRUSTEE	0.50	Director	$0	$0	$0
DAKOTA COLLINS	TRAINING INSTRUCTOR	40.00	Highest	$116,305	$53,287	$169,592
CONNER HALL	TRAINING INSTRUCTOR	40.00	Highest	$109,907	$49,939	$159,846
NICHOLAS NELSON	TRAINING INSTRUCTOR	40.00	Highest	$116,641	$52,241	$168,882
ROBERT SHELTON JR	TRAINING DIRECTOR	40.00	Highest	$133,124	$58,781	$191,905
LOUIS COMPTON	TRAINING INSTRUCTOR	40.00	Highest	$123,710	$49,059	$172,769
RODNEY BOWMAN	TRAINING INSTRUCTOR	40.00	Highest	$107,660	$50,746	$158,406
ANDREW ROLFE	TRAINING INSTRUCTOR	40.00	Highest	$110,313	$51,522	$161,835

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	$5,887,242	$4,465,952	$13,411,380	$1,421,290
2024	$8,005,826	$3,879,903	$11,894,639	$4,125,923
2023	$3,417,336	$3,065,734	$7,680,542	$351,602
2022	$2,457,846	$2,929,066	$7,320,533	$-471,220
2021	$2,404,649	$3,000,569	$7,866,439	$-595,920
2020	$2,979,221	$3,070,631	$8,449,255	$-91,410
2019	$2,707,385	$3,056,553	$8,548,702	$-349,168

LOUISVILLE ELECTRICAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE