ELECTRICAL INDUSTRY APPRENTICE TRAINING PROGRAM

EIN: 611735214 Employment

FLUSHING, NY

Total Revenue
$12,016,238
Total Expenses
$17,871,037
Total Assets
$44,367,060
Net Assets
$19,581,518
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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
2014
Legal Domicile
NY
Principal Officer
HUMBERTO J RESTREPO
Phone
7185912000
Tax Period
2023-10-01 to 2024-09-30

ELECTRICAL INDUSTRY APPRENTICE TRAINING PROGRAM, founded in 2014, is a mid-sized nonprofit in the Employment sector that reported $12.0M in total revenue in fiscal year 2023. Expenses of $17.9M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE TRAINING FOR PARTICIPANTS OF THE INSIDE ELECTRICIANS APPRENTICESHIP PROGRAM WHICH INCLUDES ON THE JOB TRAINING AND HIGHER EDUCATION COURSE WORK. THE PLAN ALSO COVERS ADMINISTRATIVE AND OTHER EXPENSES ASSOCIATED WITH THIS TRAINING. THE PLAN IS COVERED UNDER THE TERMS OF THREE-YEAR COLLECTIVE BARGAINING AGREEMENTS AND THE RELATED AGREEMENTS AND WORKING RULES BETWEEN LOCAL UNION NO. 3 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL-CIO AND THE ELECTRICAL CONTRACTORS' ASSOCIATIONS AND INDEPENDENT ELECTRICAL CONTRACTORS.

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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 $0
Program Service Revenue $10,211,087
Investment Income $1,805,151
Other Revenue $0
TOTAL REVENUE $12,016,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $388,638
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,317,310
TOTAL EXPENSES $17,871,037

Year-over-Year Comparison

2023 2022 Change
Revenue $12,016,238 $11,413,766 +0.1%
Expenses $17,871,037 $15,947,977 +0.1%
Net Income $-5,854,799 $-4,534,211 +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

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Governance

Voting Members
20
Independent Members
N/A
Employees
N/A
Volunteers
20

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
20
$388,638
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Schuck Director 1
Director
$0 $0 $194,940
George White Director 1
Director
$0 $0 $193,698
CAROL KLEINBERG TRUSTEE 1
Director
$0 $0 $0
CHRISTOPHER ERIKSON TRUSTEE 1
Director
$0 $0 $0
MICHAEL BIGMAN TRUSTEE 1
Director
$0 $0 $0
THOMAS CLEARY TRUSTEE 1
Director
$0 $0 $0
DOMINIC PARISI TRUSTEE 1
Director
$0 $0 $0
KRISTINE DENAPOLI TRUSTEE 1
Director
$0 $0 $0
MICHAEL JORDAN TRUSTEE 1
Director
$0 $0 $0
ANTHONY FALLEO TRUSTEE 1
Director
$0 $0 $0
RAJ LADOYA TRUSTEE 1
Director
$0 $0 $0
RICARDO ROLLINS TRUSTEE 1
Director
$0 $0 $0
JOSEPH SANTIGATE TRUSTEE 1
Director
$0 $0 $0
John Mannino TRUSTEE 1
Director
$0 $0 $0
ROBERT ROMANOFF TRUSTEE 1
Director
$0 $0 $0
RICHARD DUVA JR TRUSTEE 1
Director
$0 $0 $0
JEFFREY MILAD TRUSTEE 1
Director
$0 $0 $0
ROBERT J SAVILLE TRUSTEE 1
Director
$0 $0 $0
CHRISTOPHER ERIKSON JR TRUSTEE 1
Director
$0 $0 $0
NICHOLAS STEFANOU TRUSTEE 1
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
2024 $12,016,238 $17,871,037 $44,367,060 $-5,854,799
2023 $11,413,766 $15,947,977 $44,544,642 $-4,534,211
2022 $10,841,092 $13,850,817 $29,869,961 $-3,009,725
2021 $11,913,903 $13,410,123 $39,217,868 $-1,496,220
2020 $12,386,569 $12,939,327 $35,261,847 $-552,758
2019 $13,780,384 $15,585,740 $35,817,250 $-1,805,356
2018 $13,672,995 $11,939,354 $36,363,288 $1,733,641
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