SKILLCRAFT INC (EIN 946103270) - 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

1956

Legal Domicile

Principal Officer

TOM HANSEN

Phone

9252282302

Tax Period

2024-01-01 to 2024-12-31

SKILLCRAFT INC, founded in 1956, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 36% operating margin.

Mission

MANAGE PROPERTY HELD BY THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (IBEW) LOCAL 302.

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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 $0

Investment Income $189

Other Revenue $56,200

TOTAL REVENUE $56,389

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,324

TOTAL EXPENSES $35,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,389	$32,824	+0.7%
Expenses	$35,824	N/A	N/A
Net Income	$20,565	$32,824	-0.4%

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

N/A

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

$791,487

Total Directors

$791,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Hansen	Secretary/Treasurer	5.0	Officer Director	$0	$86,570	$289,497
Terry Baldwin	Trustee	5.0	Officer Director	$0	$86,570	$250,236
Rachel Shoemake	President	20.0	Officer Director	$0	$86,570	$250,236
John Sevilla	Trustee	5.0	Officer Director	$0	$0	$1,518
John Stich	Trustee	5.0	Officer Director	$0	$0	$0
Chris Cossey	Vice President	5.0	Officer Director	$0	$0	$0
Mark Ramsey	Trustee	5.0	Officer 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
2024	$56,389	$35,824	$2,516,104	$20,565
2023	$32,824	No data	$2,495,539	No data
2022	$-60,247	No data	$2,539,035	No data
2021	$-9,193	No data	$2,624,558	No data
2020	$-7,694	$11,655	$2,529,580	$-19,349
2019	$-11,252	$13,261	$2,551,607	$-24,513
2018	$-54,279	$11,400	$2,596,158	$-65,679

SKILLCRAFT INC