TEXAS GULF COAST ELECTRICAL JOINT APPRENTICESHIP (EIN 741168833) - 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

1942

Legal Domicile

Phone

3618848414

Tax Period

2024-01-01 to 2024-12-31

TEXAS GULF COAST ELECTRICAL JOINT APPRENTICESHIP, founded in 1942, is a small nonprofit that reported $547K in total revenue in fiscal year 2024. Expenses of $499K left a modest 9% surplus.

Mission

ESTABLISHMENT OF EDUCATIONAL AND TRAINING PROGRAMS FOR ELECTRICAL APPRENTICES, JOURNEYMEN, OR OTHER APPROPRIATE PERSONS.

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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 $93,617

Program Service Revenue $453,672

Investment Income $129

Other Revenue $0

TOTAL REVENUE $547,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,832

Fundraising Expenses $0

Other Expenses $262,091

TOTAL EXPENSES $498,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$547,418	$545,715	+0.0%
Expenses	$498,923	$452,104	+0.1%
Net Income	$48,495	$93,611	-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

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
MIKE RILEY	TRUSTEE	5.00	Director	$0	$0	$0
DAVID CARRANCO	TRUSTEE	5.00	Director	$0	$0	$0
JAMIE FAUGHT	TRUSTEE	5.00	Director	$0	$0	$0
JOHN EUGIA	TRUSTEE	5.00	Director	$0	$0	$0
FORREST WILSON	SECRETARY	5.00	Officer	$0	$0	$0
MARSHALL MORIN	CHAIRMAN	5.00	Officer	$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	$547,418	$498,923	$473,955	$48,495
2023	$545,715	$452,104	$424,590	$93,611
2022	$517,524	$425,222	$330,345	$92,302
2021	$499,359	$372,635	$237,954	$126,724
2020	$390,576	$381,262	$104,001	$9,314
2019	$314,543	$385,682	$95,906	$-71,139
2018	$299,477	$402,680	$167,082	$-103,203

TEXAS GULF COAST ELECTRICAL JOINT APPRENTICESHIP