WEST TEXAS JOINT ELECTRICAL APPRENTICESHIP AND TRAINING TRUST FUND (EIN 751089308) - 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

JACKIE VEAZEY

Phone

8063769945

Tax Period

2024-01-01 to 2024-12-31

WEST TEXAS JOINT ELECTRICAL APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1991, is a small nonprofit in the Employment sector that reported $827K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $229K, a strong 28% operating margin.

Mission

PROVIDE TRAINING FOR MEMBER ELECTRICIANS

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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 $0

Program Service Revenue $808,861

Investment Income $18,142

Other Revenue $0

TOTAL REVENUE $827,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,344

Fundraising Expenses $0

Program Expenses $584,637

Other Expenses $340,293

TOTAL EXPENSES $597,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$827,003	$625,069	+0.3%
Expenses	$597,637	$521,990	+0.1%
Net Income	$229,366	$103,079	+1.2%

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
JACKIE VEAZEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS AYLESWORTH	TRUSTEE	1.00	Director	$0	$0	$0
TONY CLEMISHIRE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MELTON	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE LLOYD	TRUSTEE	1.00	Director	$0	$0	$0
DREW DOWNS	SECRETARY	1.00	Director	$0	$0	$0
GILBERT SALAZAR	TRUSTEE	1.00	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	$827,003	$597,637	$716,513	$229,366
2023	$625,069	$521,990	$487,147	$103,079
2022	$515,943	$475,861	$384,068	$40,082
2021	$441,618	$436,820	$343,986	$4,798
2020	$348,995	$416,806	$339,188	$-67,811
2019	$299,319	$343,398	$406,997	$-44,079
2018	$274,015	$315,716	$451,076	$-41,701

WEST TEXAS JOINT ELECTRICAL APPRENTICESHIP AND TRAINING TRUST FUND