INDEPENDENT TRAINING AND APPRENTICESHIP PROGRAM

EIN: 810920262 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$2,373,006
Total Expenses
$2,414,911
Total Assets
$1,791,197
Net Assets
$1,024,349
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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
2016
Legal Domicile
CA
Principal Officer
CAROLYN NUTTER
Phone
9163323332
Tax Period
2024-01-01 to 2024-12-31

INDEPENDENT TRAINING AND APPRENTICESHIP PROGRAM, founded in 2016, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

I-TAP'S MISSION IS TO PROVIDE INDIVIDUALS WITH THE EDUCATIONAL TOOLS TO OBTAIN AND MAINTAIN EMPLOYMENT AS COMMERCIAL ELECTRICIANS, THEREBY ENRICHING AND IMPROVING THE LIVES OF THE STUDENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $1,532,117 Revenue: $2,364,652

ELECTRICIAN TRAINEE COURSES: I-TAP PROVIDES STATE MANDATED ELECTRICAL TRAINING THAT COVERS THE REQUIRED ELEMENTS BY THE CALIFORNIA ELECTRICIAN CERTIFICATION COMMITTEE. WE OFFER THIS TRAINING AS A...

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ELECTRICIAN TRAINEE COURSES: I-TAP PROVIDES STATE MANDATED ELECTRICAL TRAINING THAT COVERS THE REQUIRED ELEMENTS BY THE CALIFORNIA ELECTRICIAN CERTIFICATION COMMITTEE. WE OFFER THIS TRAINING AS A FULL TIME PROGRAM AND PART TIME PROGRAM. OUR FOCUS IS PROVIDING STUDENTS WITH THE HANDS ON SKILLS REQUIRED TO BE SUCCESSFUL

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,358,234
Investment Income $8,354
Other Revenue $6,418
TOTAL REVENUE $2,373,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,306,383
Fundraising Expenses $0
Program Expenses $1,532,117
Other Expenses $1,108,528
TOTAL EXPENSES $2,414,911

Year-over-Year Comparison

2024 2023 Change
Revenue $2,373,006 $2,570,268 -0.1%
Expenses $2,414,911 $2,266,384 +0.1%
Net Income $-41,905 $303,884 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
13
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
3
$275,131
Total Directors
4
$275,131
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN NUTTER PRESIDENT 40.00
Officer Director
$158,974 $0 $158,974
CARL MARTINEZ SECRETARY 40.00
Officer Director
$116,157 $0 $116,157
NICHOLAS MALLORY TREASURY 0.00
Officer Director
$0 $0 $0
SHAWN CARTER DIRECTOR 0.00
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 $2,373,006 $2,414,911 $1,791,197 $-41,905
2023 $2,570,268 $2,266,384 $2,074,866 $303,884
2022 $2,332,243 $1,961,940 $1,579,812 $370,303
2021 $1,732,270 $1,539,719 $964,046 $192,551
2020 $1,393,028 $1,345,941 $615,923 $47,087
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