North Texas Electrical Joint Apprenticeship & Training Trust Fund (EIN 752826536) - 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

1999

Legal Domicile

Principal Officer

Karsten Frentrup

Phone

9722668383

Tax Period

2023-01-01 to 2023-12-31

North Texas Electrical Joint Apprenticeship & Training Trust Fund, founded in 1999, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 25% operating margin.

Mission

The North Texas Electrical Joint Apprenticeship and Training Training Trust Fund (the School) provides quality training to those interested in a career in the electrical industry. The School provides classroom training and on-the-job training.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,237,226

Investment Income $171,322

Other Revenue $12,953

TOTAL REVENUE $2,421,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $946,876

Fundraising Expenses $0

Program Expenses $1,615,891

Other Expenses $862,622

TOTAL EXPENSES $1,809,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,421,501	$1,781,127	+0.4%
Expenses	$1,809,498	$1,644,729	+0.1%
Net Income	$612,003	$136,398	+3.5%

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
Price Warwick Jr	Chairman	1.00	Officer Director	$0	$0	$0
Michael Oltean	Director	1.00	Director	$0	$0	$0
Scott Huyck	Trustee	1.00	Director	$0	$0	$0
Jake Hopkins	Trustee	1.00	Director	$0	$0	$0
David Byrd	Secretary	1.00	Officer Director	$0	$0	$0
Price Warwick III	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	No data	No data	No data	No data
2023	$2,421,501	$1,809,498	$6,938,290	$612,003
2022	$1,781,127	$1,644,729	$6,330,304	$136,398
2021	$1,821,382	$1,556,844	$6,189,233	$264,538
2020	$1,599,873	$1,283,945	$5,924,690	$315,928
2019	$1,768,455	$1,419,211	$5,608,762	$349,244
2018	$1,690,274	$1,126,016	$5,247,857	$564,258

North Texas Electrical Joint Apprenticeship & Training Trust Fund