New Orleans Electrical Joint Apprentices Training Trust Plan (EIN 720491768) - 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

1957

Principal Officer

David Crumb

Phone

5048359899

Tax Period

2024-01-01 to 2024-12-31

New Orleans Electrical Joint Apprentices Training Trust Plan, founded in 1957, is a small nonprofit in the Education sector that reported $630K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $715K exceeded revenue, resulting in a 13% operating deficit.

Mission

To provide Training & Assistance to the Apprentices in School

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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 $541,108

Investment Income $29,679

Other Revenue $59,206

TOTAL REVENUE $629,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,742

Fundraising Expenses $0

Other Expenses $444,039

TOTAL EXPENSES $714,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$629,993	$462,681	+0.4%
Expenses	$714,781	$646,350	+0.1%
Net Income	$-84,788	$-183,669	-0.5%

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

120

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

$84,389

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Crumb	Director	40.00	Director	$84,389	$0	$84,389
Jonathan Frishherts	Director	0.00	Director	$0	$0	$0
Ricky Kastner Sr	Trustee	0.00	Director	$0	$0	$0
Shawn Martinez	Trustee	0.00	Director	$0	$0	$0
E J Deubler	Trustee	0.00	Director	$0	$0	$0
Ernest Cortez	Trustee	0.00	Director	$0	$0	$0
Butch Naquin	Trustee	0.00	Director	$0	$0	$0
Rodney Wallis	Trustee	0.00	Director	$0	$0	$0
Paul Zulli	Trustee	0.00	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	$629,993	$714,781	$1,011,368	$-84,788
2023	$462,681	$646,350	$1,019,383	$-183,669
2023	$538,325	$646,034	$1,020,749	$-107,709
2022	$432,304	$708,271	$1,128,458	$-275,967
2021	$463,564	$622,207	$1,404,425	$-158,643
2020	$359,240	$613,556	$1,636,368	$-254,316
2019	$797,537	$925,196	$1,817,384	$-127,659
2018	$929,126	$1,084,882	$1,945,043	$-155,756

New Orleans Electrical Joint Apprentices Training Trust Plan