Quality United Electrical Service … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Jake Hopkins

Phone

8176333332

Tax Period

2024-01-01 to 2024-12-31

Quality United Electrical Service Team Trust, founded in 2000, is a micro nonprofit in the Employment sector that reported $35K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 82% operating margin.

Mission

To establish operating and supporting joint labor management activities designed to improve labor management relations, job security, competitiveness, productivity, and organizational effectiveness

Program Service Accomplishments

Program 1

Expenses: $5,000

Market Recovery Education To educate the members so they can get better jobs.

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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 $2,035

Investment Income $32,968

Other Revenue $0

TOTAL REVENUE $35,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,000

Other Expenses $6,344

TOTAL EXPENSES $6,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,003	$16,932	+1.1%
Expenses	$6,344	$1,510	+3.2%
Net Income	$28,659	$15,422	+0.9%

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

N/A

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
Jacob Hopkins	Management Trustee	005.00	Officer Director	$0	$0	$0
Mike Oltean	Management Trustee	002.00	Director	$0	$0	$0
Hector Reyes	Union Trustee	002.00	Director	$0	$0	$0
Price Warwick III	Union Trustee	002.00	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	$35,003	$6,344	$1,087,717	$28,659
2023	$16,932	$1,510	$1,059,058	$15,422
2022	$5,171	$1,626	$1,027,415	$3,545
2021	$27,084	$1,633	$1,046,491	$25,451
2020	$34,154	$12,306	$1,021,040	$21,848
2019	$62,493	$31,002	$999,192	$31,491
2018	$885	$138,278	$967,255	$-137,393

Quality United Electrical Service Team Trust