Tucson Electrical Joint Apprenticeship & Training Trust Fund (EIN 866050928) - 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

1981

Legal Domicile

Principal Officer

Board of Trustees

Phone

5207904690

Tax Period

2025-01-01 to 2025-12-31

Tucson Electrical Joint Apprenticeship & Training Trust Fund, founded in 1981, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $333K, a strong 25% operating margin.

Mission

TO PROVIDE MEANS FOR OPERATING THE ELECTRICAL APPRENTICESHIP PROGRAMS FOR THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 570 IN CONJUNCTION WITH THE LABOR AGREEMENT BETWEEN THE Southern Arizona CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, INC. TUCSON DIVISION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,307,135

Investment Income $28,834

Other Revenue $12,875

TOTAL REVENUE $1,348,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,338

Fundraising Expenses $0

Other Expenses $638,181

TOTAL EXPENSES $1,015,519

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,348,844	$1,142,731	+0.2%
Expenses	$1,015,519	$952,697	+0.1%
Net Income	$333,325	$190,034	+0.8%

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
Karen King	Training Director	40.00		$97,890	$24,957	$122,847
Josh DeSpain	Chairman	2.00	Officer Director	$0	$0	$0
Dwight Price	Trustee	1.00	Director	$0	$0	$0
Jay Hoobler	Trustee	1.00	Director	$0	$0	$0
Scott Toot	Trustee	1.00	Director	$0	$0	$0
Jesse Towle	Secretary	1.00	Officer Director	$0	$0	$0
Richard Solomon	Trustee	1.00	Director	$0	$0	$0
Wesley Stark	Trustee	1.00	Director	$0	$0	$0
Sasha Escarcega	Trustee	1.00	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
2025	$1,348,844	$1,015,519	$4,018,837	$333,325
2024	$1,142,731	$952,697	$3,777,850	$190,034
2023	$834,600	$723,241	$2,902,198	$111,359
2022	$1,002,497	$579,812	$1,577,213	$422,685
2021	$653,257	$519,096	$1,295,484	$134,161
2020	$723,159	$560,481	$1,081,994	$162,678

Tucson Electrical Joint Apprenticeship & Training Trust Fund