NORTH ALABAMA ELECTRICAL TRAINING … - 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

1946

Legal Domicile

Principal Officer

HEATH ROBB

Phone

2563839507

Tax Period

2024-08-01 to 2025-07-31

NORTH ALABAMA ELECTRICAL TRAINING ALLIANCE, founded in 1946, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 15% surplus.

Mission

THE PURPOSE OF THE ALLIANCE IS TO PROVIDE EDUCATION, INSTRUCTION AND TRAINING TO, AMONG OTHERS, APPRENTICES, JOURNEYMEN, INSTALLERS, AND TECHNICIANS AFFILIATED WITH NECA AND IBEW, IN ORDER TO DEVELOP OR IMPROVE THE CAPABILITIES OF SUCH PERSONS.

Program Service Accomplishments

Program 1

Expenses: $686,924 Revenue: $1,255,432

PROVISION OF CLASSROOM INSTRUCTION AND SAFETY TRAINING TO APPRENTICES AND JOURNEYMEN IN SHEFFIELD, ALABAMA PURSUANT TO FOUR YEAR PROGRAM REGISTERED WITH THE DEPARTMENT OF LABOR.

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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 $1,255,432

Investment Income $9,124

Other Revenue $0

TOTAL REVENUE $1,264,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $471,817

Fundraising Expenses $0

Program Expenses $686,924

Other Expenses $603,093

TOTAL EXPENSES $1,074,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,264,556	$816,270	+0.5%
Expenses	$1,074,910	$909,341	+0.2%
Net Income	$189,646	$-93,071	-3.0%

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
RON WEAVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DARRELL MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
WES STUTTS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JESSE ATKINSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JAMES BOWLES	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOHN CHARLES CROW	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOSH HAND	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
FRANKIE TUBBS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
WAYMON MCCRELESS JR	TRAINING COORDINATOR	40.00	Highest	$111,700	$28,918	$140,618
HEATH ROBB	TRAINING DIRECTOR	40.00	Highest	$115,320	$28,918	$144,238

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	$1,264,556	$1,074,910	$2,274,174	$189,646
2024	$816,270	$909,341	$2,048,905	$-93,071
2023	$1,234,256	$985,683	$2,123,105	$248,573
2022	$1,129,699	$947,952	$1,874,575	$181,747
2021	$806,887	$573,815	$1,695,034	$233,072
2020	$1,117,425	$912,361	$1,470,480	$205,064
2019	$712,728	$751,183	$1,265,173	$-38,455
2018	$615,182	$532,162	$1,322,259	$83,020

NORTH ALABAMA ELECTRICAL TRAINING ALLIANCE