SAN LUIS OBISPO COUNTY ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 770123661) - 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

1970

Legal Domicile

Principal Officer

MARK SIMONIN

Phone

8055435693

Tax Period

2024-02-01 to 2025-01-31

SAN LUIS OBISPO COUNTY ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1970, is a small nonprofit in the Education sector that reported $659K in total revenue in fiscal year 2024. The organization ran a surplus of $265K, a strong 40% operating margin.

Mission

TO ESTABLISH AND MAINTAIN THE LOCAL STANDARDS GOVERNING THE SELECTION, QUALIFICATIONS, EDUCATION AND TRAINING OF ALL APPRENTICES, JOURNEYMEN AND OTHER PERSONNEL IN THE ELECTRICAL CONSTRUCTION INDUSTRY.

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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 $178,230

Program Service Revenue $347,124

Investment Income $125,017

Other Revenue $8,752

TOTAL REVENUE $659,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,974

Fundraising Expenses $0

Program Expenses $304,823

Other Expenses $141,254

TOTAL EXPENSES $394,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,123	$610,718	+0.1%
Expenses	$394,228	$405,772	0.0%
Net Income	$264,895	$204,946	+0.3%

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
JOSEPH FITZER	TRAINING DIRECTOR	40.0	Highest	$122,408	$49,768	$172,176
MARK SIMONIN	TRUSTEE	1.0	Director	$0	$0	$0
JAIME QUINTANA	TRUSTEE	1.0	Director	$0	$0	$0
JACK JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
SHARI BRUNNER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN W TREDER	TRUSTEE	1.0	Director	$0	$0	$0
RAYMOND SCHMIDT	TRUSTEE	1.0	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
2025	$659,123	$394,228	$2,921,564	$264,895
2024	$610,718	$405,772	$2,654,157	$204,946
2023	$470,702	$374,906	$2,447,342	$95,796
2022	$408,398	$341,686	$2,349,643	$66,712
2021	$380,422	$320,589	$2,280,940	$59,833
2020	$472,382	$372,357	$2,221,431	$100,025
2019	$372,626	$357,051	$2,079,454	$15,575

SAN LUIS OBISPO COUNTY ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST FUND