CHATTANOOGA ELECTRICAL JOINT APPRENTICESHIP AND TRAINING CENTER (EIN 626043424) - 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

1968

Legal Domicile

Principal Officer

GREG OWENS

Phone

4238949053

Tax Period

2023-08-01 to 2024-07-31

CHATTANOOGA ELECTRICAL JOINT APPRENTICESHIP AND TRAINING CENTER, founded in 1968, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $618K, a strong 28% operating margin.

Mission

TO TRAIN AND EDUCATE ELECTRICAL WORKERS TO BE QUALIFIED ELECTRICIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,924,766

Investment Income $198,969

Other Revenue $61,800

TOTAL REVENUE $2,185,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $684,699

Fundraising Expenses $0

Program Expenses $1,173,194

Other Expenses $883,261

TOTAL EXPENSES $1,567,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,185,535	$1,802,745	+0.2%
Expenses	$1,567,960	$1,421,858	+0.1%
Net Income	$617,575	$380,887	+0.6%

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

$128,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELI WATKINS	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
DAVID PURSLEY	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
STERLING SHELTON	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
ALAN TONKIN	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
GREG OWENS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CALEB LONG	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL VARNELL	DIRECTOR	40.00	Officer	$93,307	$27,861	$121,168
JESSICA MCCASKILL	TRAINING DIRECTOR	40.00	Officer	$7,266	$0	$7,266

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	$2,185,535	$1,567,960	$9,121,157	$617,575
2023	$1,802,745	$1,421,858	$8,282,321	$380,887
2022	$1,670,748	$1,326,790	$7,838,367	$343,958
2021	$1,587,477	$1,286,232	$7,558,167	$301,245
2020	$1,846,555	$1,300,831	$7,236,315	$545,724
2019	$2,137,732	$1,484,602	$6,691,780	$653,130

CHATTANOOGA ELECTRICAL JOINT APPRENTICESHIP AND TRAINING CENTER