Greater Puget Sound Electrical Workers Apprenticeship Committee (EIN 911238402) - 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

1984

Legal Domicile

Principal Officer

Harry Thompson

Phone

2533956500

Tax Period

2024-01-01 to 2024-12-31

Greater Puget Sound Electrical Workers Apprenticeship Committee, founded in 1984, is a small nonprofit that reported $529K in total revenue in fiscal year 2024.

Mission

The plan is for the purpose of supporting and defending programs for the training and education of electrical apprentices and journeymen.

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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 $523,613

Investment Income $5,825

Other Revenue $0

TOTAL REVENUE $529,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,971

Fundraising Expenses $0

Other Expenses $3,047

TOTAL EXPENSES $553,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,438	$494,214	+0.1%
Expenses	$553,018	$498,042	+0.1%
Net Income	$-23,580	$-3,828	+5.2%

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	Role	Reportable Comp	Other Comp	Total
David Green	Trustee	Director	$0	$0	$0
Cory Barkman	President	Officer Director	$0	$0	$0
Fred Schwyhart	Secretary	Officer Director	$0	$0	$0
Myron Dalmida	Trustee	Director	$0	$0	$0
Charles Huff	Trustee	Director	$0	$0	$0
Harry Thompson	Director	Officer	$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	$529,438	$553,018	$667,888	$-23,580
2023	$494,214	$498,042	$692,042	$-3,828
2022	$489,363	$440,056	$692,403	$49,307
2021	$411,770	$298,482	$643,153	$113,288
2020	$307,818	$187,819	$528,912	$119,999
2019	$284,417	$252,276	$409,284	$32,141
2018	$248,352	$223,142	$383,723	$25,210

Greater Puget Sound Electrical Workers Apprenticeship Committee