INTERNATIONAL BROTHERHOOD OF ELECTRICAL TRAINING TRUST FUND 60 (EIN 746107143) - 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

1991

Legal Domicile

Principal Officer

JOHN MARTIN

Phone

2102258900

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL TRAINING TRUST FUND 60, founded in 1991, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $552K, a strong 24% operating margin.

Mission

TRAIN INDIVIDUALS AS ELECTRICIANS OR TELECOMMUNICATION TECHNICIANS.

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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 $307,072

Program Service Revenue $1,964,883

Investment Income $53,690

Other Revenue $803

TOTAL REVENUE $2,326,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $817,140

Fundraising Expenses $0

Program Expenses $1,376,026

Other Expenses $957,314

TOTAL EXPENSES $1,774,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,326,448	$1,664,423	+0.4%
Expenses	$1,774,454	$1,451,142	+0.2%
Net Income	$551,994	$213,281	+1.6%

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

$139,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FORREST WILSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARY AIKEN	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG PADALECKI	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH WEYEL	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LEE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MARTIN	TRAINING DIR	50.00	Officer	$115,399	$23,796	$139,195

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	$2,326,448	$1,774,454	$3,549,238	$551,994
2023	$1,664,423	$1,451,142	$2,984,146	$213,281
2022	$1,370,039	$1,192,955	$2,735,400	$177,084
2021	$1,498,351	$1,238,257	$2,658,114	$260,094
2020	$1,121,090	$1,135,784	$2,514,361	$-14,694
2019	$1,052,383	$901,425	$2,419,479	$150,958
2018	$873,231	$823,671	$2,245,078	$49,560

INTERNATIONAL BROTHERHOOD OF ELECTRICAL TRAINING TRUST FUND 60