INDEPENDENT TRAINING AND APPRENTICESHIP PROGRAM (EIN 810920262) - 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

2016

Legal Domicile

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

PROVIDE INDIVIDUALS WITH THE EDUCATION TO BECOME COMMERCIAL 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 $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

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

$275,131

Total Directors

$275,131

Key Employees

Highest Compensated

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

INDEPENDENT TRAINING AND APPRENTICESHIP PROGRAM