EQUIPMENT & ENGINE TRAINING COUNCIL INC

EIN: 742833033 501(c)(3) Employment

KINGS MOUNTAIN, NC

Total Revenue
$1,442,610
Total Expenses
$1,259,741
Total Assets
$691,353
Net Assets
$689,510
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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
2002
Legal Domicile
NC
Principal Officer
DAVID ERIK SIDES
Tax Period
2024-01-01 to 2024-12-31

EQUIPMENT & ENGINE TRAINING COUNCIL INC, founded in 2002, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 13% surplus.

Mission

TO SERVE THE OUTDOOR POWER EQUIPMENT INDUSTRY THROUGH EDUCATION, TRAINING AND CERTIFICATION. THE PRIMARY ACTIVITIES ARE TO DEVELOP AND ADMINISTER TECHNICIAN CERTIFICATION TESTS AND TO ACCREDIT POWER EQUIPMENT TRAINING PROGRAMS AT ALL LEVELS OF EDUCATION.

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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 $289,930
Program Service Revenue $1,152,680
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,442,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $179,575
Fundraising Expenses $0
Program Expenses $866,495
Other Expenses $1,080,166
TOTAL EXPENSES $1,259,741

Year-over-Year Comparison

2024 2023 Change
Revenue $1,442,610 $1,124,447 +0.3%
Expenses $1,259,741 $986,863 +0.3%
Net Income $182,869 $137,584 +0.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
6
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
4
$65,772
Total Directors
16
$65,772
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ERIK SIDES EXECUTIVE DI 40.00
Officer Director
$65,772 $0 $65,772
BRIAN CHICK DIRECTOR N/A
Director
$0 $0 $0
BLAIR COATES VICE PRESIDE N/A
Director
$0 $0 $0
DERRICK DALTON DIRECTOR N/A
Director
$0 $0 $0
LYNNETTE FAVOUR DIRECTOR N/A
Director
$0 $0 $0
JOSH GRANDPREY DIRECTOR N/A
Director
$0 $0 $0
JARED HEMLEY DIRECTOR N/A
Director
$0 $0 $0
BRIAN JONES DIRECTOR N/A
Director
$0 $0 $0
DUANE KASPRICK PAST PRESIDE N/A
Officer Director
$0 $0 $0
JOSH KIRBY DIRECTOR N/A
Director
$0 $0 $0
MARK LINEMAN DIRECTOR N/A
Director
$0 $0 $0
BRIAN MARTIN SECRETARY N/A
Director
$0 $0 $0
DON PETRY DIRECTOR N/A
Director
$0 $0 $0
ALLEN SPENCE DIRECTOR N/A
Director
$0 $0 $0
NICK TESTA PRESIDENT N/A
Officer Director
$0 $0 $0
BRAD WRIGHT DIRECTOR N/A
Director
$0 $0 $0
ED COLE TREASURER N/A
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 $1,442,610 $1,259,741 $691,353 $182,869
2023 $1,124,447 $986,863 $509,319 $137,584
2022 $580,534 $584,595 $370,833 $-4,061
2021 $585,880 $617,478 $375,048 $-31,598
2020 $594,631 $495,820 $406,170 $98,811
2019 $601,989 $627,908 $305,905 $-25,919
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