BEAUMONT ELECTRICAL JOINT APPRENTIC

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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

1962

Legal Domicile

Principal Officer

KORY GADDIS

Phone

4097273102

Tax Period

2024-01-01 to 2024-12-31

BEAUMONT ELECTRICAL JOINT APPRENTIC, founded in 1962, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $962K left a modest 6% surplus.

Mission

BEAUMONT ELECTRICAL JOINT APPRENTICESHIP TRAINING FUND IS A NOT FOR PROFIT ORGANIZATION ESTABLISHED TO TRAINING FOR ELECTRICAL APPRENTICES, JOURNEYMEN, AND OTHER APPROPRIATE PERSONNEL AND OBTAIN REVENUE FROM AREA CONTRACTORS BASED UPON A COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

Expenses: $838,385 Revenue: $751,055

PROVIDE TRAINING FOR ELECTRICAL APPRENTICES, JOURNEYMEN, AND OTHER APPROPRIATE PERSONNEL AND OBTAIN SUPPORT FROM AREA CONTRACTORS BASED UPON A COLLECTIVE BARGAINING AGREEMENT. IN 2020 THERE WERE 179 APPRENTICESHIP TRAINEES WORKING FOR 25 CONTRACTORS, APPPROXIMATELY 500 JOUNREYMEN IN CONTINUING EDUCATION, AND APPROXIMATELY 275 JOURNEYMEN IN VARIOUS OTHER TRAINING CLASSES.

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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 $261,944

Program Service Revenue $751,055

Investment Income $4,830

Other Revenue $10,480

TOTAL REVENUE $1,028,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,351

Fundraising Expenses $0

Program Expenses $838,385

Other Expenses $531,403

TOTAL EXPENSES $961,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,028,309	$1,090,980	-0.1%
Expenses	$961,754	$1,090,432	-0.1%
Net Income	$66,555	$548	+120.5%

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
MARK BANKS	OFFICER	N/A	Director	$0	$0	$0
RYAN BLOSS	OFFICER	N/A	Director	$0	$0	$0
JUSTIN COOPER	OFFICER	N/A	Director	$0	$0	$0
WADE COOLEY	SECRETARY	N/A	Director	$0	$0	$0
KORY GADDIS	OFFICER	N/A	Director	$0	$0	$0
BRENT LABORDE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ROBERT MARTIN	OFFICER	N/A	Director	$0	$0	$0
SID PICARD	OFFICER	N/A	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	$1,028,309	$961,754	$1,049,063	$66,555
2023	$1,090,980	$1,090,432	$976,994	$548
2022	$978,246	$952,515	$981,841	$25,731
2021	$702,499	$867,097	$950,663	$-164,598
2020	$796,841	$850,253	$1,136,332	$-53,412
2019	$912,013	$995,944	$1,185,759	$-83,931
2018	$894,683	$936,333	$1,232,361	$-41,650