JOINT ELECTRICAL INDUSTRY TRAINING FUND (EIN 941617976) - 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

1987

Legal Domicile

Phone

5592515174

Tax Period

2025-01-01 to 2025-12-31

JOINT ELECTRICAL INDUSTRY TRAINING FUND, founded in 1987, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $735K, a strong 25% operating margin.

Mission

TO PROVIDE INDUSTRY RESEARCH PROGRAMS & TRAINING FOR APPRENTICES AND SUPPLEMENTAL TRAINING FOR JOURNEYMEN AND OTHERS IN THE ELECTRICAL INDUSTRY.

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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 $2,780,444

Investment Income $180,017

Other Revenue $0

TOTAL REVENUE $2,960,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,368,442

Fundraising Expenses $0

Program Expenses $1,708,136

Other Expenses $857,152

TOTAL EXPENSES $2,225,594

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,960,461	$2,703,511	+0.1%
Expenses	$2,225,594	$1,900,774	+0.2%
Net Income	$734,867	$802,737	-0.1%

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

$215,826

Total Directors

$215,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TORRENCE	TR COORDINATOR	40.00	Officer Director	$157,259	$58,567	$215,826
DAVID HELSEL	MGMT TRUSTEE	2.00	Director	$0	$0	$0
DAVE CLARK	MGMT TRUSTEE	2.00	Director	$0	$0	$0
DAVE HELSEL	LABOR TRUSTEE	2.00	Director	$0	$0	$0
JAKE PILAND	LABOR TRUSTEE	2.00	Director	$0	$0	$0
RYAN HARRELL	LABOR TRUSTEE	2.00	Director	$0	$0	$0
DEVON FULLNER	MGMT 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	$2,960,461	$2,225,594	$6,497,656	$734,867
2024	$2,703,511	$1,900,774	$5,761,562	$802,737
2023	$2,718,361	$1,670,197	$4,919,268	$1,048,164
2022	$1,811,614	$1,503,876	$3,871,706	$307,738
2021	$1,897,627	$1,407,020	$3,566,863	$490,607
2020	$1,744,059	$1,177,324	$3,085,136	$566,735
2019	$1,270,293	$1,150,922	$2,512,956	$119,371
2018	$1,138,358	$1,066,940	$2,389,808	$71,418

JOINT ELECTRICAL INDUSTRY TRAINING FUND