Galveston Electrical Joint Apprenticeship & Training Trust FD

EIN: 741601060 501(c)(3)

Texas City, TX

Total Revenue
$151,000
Total Expenses
$197,975
Total Assets
$85,956
Net Assets
$76,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
TX
Principal Officer
Chris Rhoads
Phone
4094408790
Tax Period
2024-08-01 to 2025-07-31

Galveston Electrical Joint Apprenticeship & Training Trust FD, founded in 1942, is a small nonprofit that reported $151K in total revenue in fiscal year 2024. Expenses of $198K exceeded revenue, resulting in a 31% operating deficit.

Mission

To train members of local 527 to become proficient electricians.

Program Service Accomplishments

Program 1
Expenses: $118,976

SALARIES AND FRINGE BENEFITS FOR THE ADMINISTRATORS OF THE APPRENTICESHIP FUND

Program 2
Expenses: $48,395

EDUCATION EXPENSES FOR THE TRAINING OF APPROXIMATELY 89 STUDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $150,439
Investment Income $561
Other Revenue $0
TOTAL REVENUE $151,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,976
Fundraising Expenses $0
Program Expenses $167,371
Other Expenses $30,604
TOTAL EXPENSES $197,975

Year-over-Year Comparison

2024 2023 Change
Revenue $151,000 $146,536 +0.0%
Expenses $197,975 $198,984 0.0%
Net Income $-46,975 $-52,448 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
1
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
0
$0
Total Directors
1
$84,159
Key Employees
1
$84,159
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Rhoads Director 044.00
Director Key Emp
$84,159 $0 $84,159
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 $151,000 $197,975 $85,956 $-46,975
2024 $146,536 $198,984 $130,947 $-52,448
2023 $171,402 $197,210 $180,809 $-25,808
2022 $152,376 $200,424 $206,854 $-48,048
2021 $151,599 $199,120 $254,507 $-47,521
2020 $176,555 $185,249 $309,010 $-8,694
2019 $183,794 $213,476 $307,944 $-29,682
2018 $257,346 $213,881 $335,470 $43,465
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