ELECTRICAL JOINT APPRENTICESHIP & … - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

KLAAS DEBOUR

Phone

8019751945

Tax Period

2024-07-01 to 2025-06-30

ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMMITTEE, founded in 1965, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

THE ORGANIZATION IS CONDUCTED AS A NONPROFIT ORGANIZATION SOLELY AND EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN AND PROGRAMS IN FURTHERANCE THEREOF.

Program Service Accomplishments

Program 1

Expenses: $2,354,544 Revenue: $1,362,863

UTAH ELECTRICAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE (THE ORGANIZATION) IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1965 UNDER AN AGREEMENT BETWEEN THE INTERMOUNTAIN NATIONAL ELECTRICAL...

UTAH ELECTRICAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE (THE ORGANIZATION) IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1965 UNDER AN AGREEMENT BETWEEN THE INTERMOUNTAIN NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION AND THE LOCAL UNION NUMBER 354 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (THE UNION). THE INDIVIDUAL EMPLOYERS AND THE UNION CONTRIBUTE TO THE ORGANIZATION IN THE AMOUNT AND MANNER PROVIDED IN THE CURRENT COLLECTIVE BARGAINING AGREEMENT. THE ORGANIZATION IS CONDUCTED AS A NONPROFIT ORGANIZATION SOLELY AND EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN AND PROGRAMS IN FURTHERANCE THEREOF.

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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 $2,990,527

Program Service Revenue $1,362,863

Investment Income $110,913

Other Revenue $0

TOTAL REVENUE $4,464,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,893,031

Fundraising Expenses $0

Program Expenses $2,354,544

Other Expenses $1,387,241

TOTAL EXPENSES $3,280,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,464,303	$3,231,068	+0.4%
Expenses	$3,280,272	$2,761,588	+0.2%
Net Income	$1,184,031	$469,480	+1.5%

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

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

$204,836

Total Directors

$7,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN VERMOUTH	EXECUTIVE DIRECTOR FROM APR	40.00	Officer	$120,942	$20,085	$141,027
RANDALL BRYANT	ASSISTANT TRAINING DIRECTOR	40.00	Highest	$115,450	$19,722	$135,172
CASEY WILLESON	INSTRUCTOR	40.00	Highest	$107,155	$19,722	$126,877
CLAYTON CORNIA	INSTRUCTOR	40.00	Highest	$105,677	$19,722	$125,399
JOSH DENYS	INSTRUCTOR	40.00	Highest	$101,801	$19,722	$121,523
MICHAEL LANOUE	EXECUTIVE DIRECTOR THRU APR	40.00	Officer	$57,234	$6,575	$63,809
RYAN SWANN	TRUSTEE	1.00	Director	$6,194	$1,284	$7,478
SERGIO SOTELO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KLAAS DEBOER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE WOODMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA PETTERSSON	TRUSTEE	1.00	Director	$0	$0	$0
JAMMIE GREER	TRUSTEE	1.00	Director	$0	$0	$0
CODY LINDSAY	TRUSTEE	1.00	Director	$0	$0	$0
JOSH MAYCOCK	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	$4,464,303	$3,280,272	$13,128,846	$1,184,031
2024	No data	No data	No data	No data
2023	$3,040,377	$2,580,281	$10,760,823	$460,096
2022	$2,658,001	$2,663,140	$10,301,622	$-5,139
2021	$2,666,640	$2,051,303	$10,372,737	$615,337
2020	$3,694,801	$2,185,330	$9,214,751	$1,509,471
2019	$2,948,233	$1,530,085	$9,720,707	$1,418,148
2018	$4,057,462	$1,371,374	$6,066,315	$2,686,088

ELECTRICAL JOINT APPRENTICESHIP & TRAINING COMMITTEE