APPRENTICESHIP EDUCATION AND TRAINING FUND INC (EIN 844631510) - 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

2020

Legal Domicile

Principal Officer

JOSEPH SPINELLA

Phone

7322762295

Tax Period

2023-01-01 to 2023-12-31

APPRENTICESHIP EDUCATION AND TRAINING FUND INC, founded in 2020, is a small nonprofit in the Education sector that reported $411K in total revenue in fiscal year 2023. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 16% operating margin.

Mission

TO CONDUCT AND HELP FACILITATE CRAFT TRAINING PROGRAMS SPONSORED BY THE NJ INDEPENDENT ELECTRICAL CONTRACTORS, A NONPROFIT TRADE ASSOCIATION TAX EXEMPT UNDER SECTION 501(C)(6) OF THE CODE, FOR INDIVIDUALS WHO ARE SEEKING TO BECOME ELECTRICIANS IN THE ELECTRICAL INDUSTRY. THE PROGRAMS WILL CONSIST OF A MIX OF CLASSROOM INSTRUCTION AND MANUAL TRAINING TAUGHT BY SKILLED INSTRUCTIONS.

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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 $397,850

Program Service Revenue $12,975

Investment Income $0

Other Revenue $0

TOTAL REVENUE $410,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $310,710

Other Expenses $345,233

TOTAL EXPENSES $345,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,825	$132,838	+2.1%
Expenses	$345,233	$316,696	+0.1%
Net Income	$65,592	$-183,858	-1.4%

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
JOSEPH ESPOSITO	President	5.00	Officer Director	$0	$0	$0
JOSEPH SPINELLA	Treasurer	5.00	Officer Director	$0	$0	$0
JOE COVIELLO	Board Member	5.00	Officer 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	$410,825	$345,233	$376,421	$65,592
2021	$388,875	$123,469	$482,005	$265,406
2020	$274,150	$57,651	$216,599	$216,499

APPRENTICESHIP EDUCATION AND TRAINING FUND INC