MEMPHIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST (EIN 626080004) - 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

1947

Legal Domicile

Principal Officer

J GLENN GREENWELL

Phone

9013862301

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST, founded in 1947, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $749K, a strong 38% operating margin.

Mission

THE TRUST SUPPORTS EDUCATION PROGRAMS FOR ELECTRICAL APPRENTICES AND JOURNEYMEN.

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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 $9,466

Program Service Revenue $1,931,809

Investment Income $26,954

Other Revenue $0

TOTAL REVENUE $1,968,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,157

Fundraising Expenses $0

Program Expenses $897,364

Other Expenses $849,754

TOTAL EXPENSES $1,218,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,968,229	$1,127,370	+0.7%
Expenses	$1,218,911	$1,016,623	+0.2%
Net Income	$749,318	$110,747	+5.8%

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	Role	Reportable Comp	Other Comp	Total
J GLENN GREENWALL	CHAIRMAN	Officer Director	$0	$0	$0
KEVIN M COMBS	MEMBER	Director	$0	$0	$0
COLE BRYAN	MEMBER	Director	$0	$0	$0
J LEE WOOD	SECRETARY	Officer Director	$0	$0	$0
I LEE JOLLY	MEMBER	Director	$0	$0	$0
NIQUALUS A NIBLEY	MEMBER	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	No data	No data	No data	No data
2023	$1,968,229	$1,218,911	$3,763,210	$749,318
2022	$1,127,370	$1,016,623	$2,906,120	$110,747
2021	$1,106,468	$864,666	$2,908,856	$241,802
2020	$1,014,594	$760,337	$2,707,605	$254,257
2019	$1,057,900	$871,709	$2,397,954	$186,191
2018	$1,044,614	$866,819	$2,213,121	$177,795

MEMPHIS ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST