OWENSBORO ELECTRICAL JOINT APPRSHI… - 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

1983

Legal Domicile

Principal Officer

JASON SHARP

Phone

2706843058

Tax Period

2024-07-01 to 2025-06-30

OWENSBORO ELECTRICAL JOINT APPRSHIP & TRAINING COMMITTEE TRUST FUND, founded in 1983, is a small nonprofit that reported $399K in total revenue in fiscal year 2024. The organization ran a surplus of $92K, a strong 23% operating margin.

Mission

TO SELECT AND TRAIN APPRENTICES.

Program Service Accomplishments

Program 1

Expenses: $213,495 Revenue: $9,741

THE ORGANIZATION PROVIDES CLASSES, TESTING AND DRUG TESTING TO ENSURE THE BEST QUALITY APPRENTICES ENTER THE ELECTRICAL WORKFORCE.

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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 $385,866

Program Service Revenue $0

Investment Income $3,068

Other Revenue $9,741

TOTAL REVENUE $398,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,483

Fundraising Expenses $0

Program Expenses $213,495

Other Expenses $228,107

TOTAL EXPENSES $306,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,675	$381,466	+0.0%
Expenses	$306,590	$307,349	0.0%
Net Income	$92,085	$74,117	+0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER DANIEL	TRUSTEE	2.00	Director	$0	$0	$0
JASON SHARP	CONTACT PERSON	2.00	Director	$0	$0	$0
KURTIS FREDERICK	CHAIRMAN	2.00	Director	$0	$0	$0
ARTIE CHANDLER	TRUSTEE	2.00	Director	$0	$0	$0
ANDY DANIEL	SECRETARY	2.00	Director	$0	$0	$0
JONATHAN NUGENT	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS NELSON	TRUSTEE	2.00	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	$398,675	$306,590	$1,052,839	$92,085
2024	$381,466	$307,349	$978,494	$74,117
2023	$311,105	$281,286	$916,960	$29,819
2022	$215,685	$205,696	$897,054	$9,989
2021	$175,871	$215,547	$897,453	$-39,676
2020	$190,582	$245,661	$947,081	$-55,079
2019	$203,112	$196,118	$590,895	$6,994
2018	$256,186	$288,508	$583,901	$-32,322

OWENSBORO ELECTRICAL JOINT APPRSHIP & TRAINING COMMITTEE TRUST FUND