REDWOOD EMPIRE ELECTRICAL TRAINING TRUST (EIN 946137691) - 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

1960

Legal Domicile

Principal Officer

ANISA THOMSEN

Phone

7075233837

Tax Period

2023-01-01 to 2023-12-31

REDWOOD EMPIRE ELECTRICAL TRAINING TRUST, founded in 1960, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 12% surplus.

Mission

TO EDUCATE APPRENTICES AND JOURNEYMEN IN THE ELECTRICAL INDUSTRY WHO ARE COVERED BY A COLLECTIVE BARGAINING AGREEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $456,825

Program Service Revenue $729,584

Investment Income $6,618

Other Revenue $131,240

TOTAL REVENUE $1,324,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,757

Fundraising Expenses $0

Program Expenses $839,196

Other Expenses $573,224

TOTAL EXPENSES $1,170,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,324,267	$1,160,793	+0.1%
Expenses	$1,170,981	$1,119,024	+0.0%
Net Income	$153,286	$41,769	+2.7%

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
ROBERT BARSI	TRAINING DIRECTOR	40.0	Highest	$147,713	$64,539	$212,252
KEVIN CUNNINGHAM	INSTRUCTOR	40.0	Highest	$119,787	$52,034	$171,821
THOMAS RITCH	INSTRUCTOR	40.0	Highest	$104,489	$45,278	$149,767
JOHN MCENTAGART	TRUSTEE	1.0	Director	$0	$0	$0
ANISA THOMSEN	TRUSTEE	1.0	Director	$0	$0	$0
NICK PAGLIA	TRUSTEE	1.0	Director	$0	$0	$0
ED GUGEL	TRUSTEE	1.0	Director	$0	$0	$0
JARED MUMM	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK WHEELER	TRUSTEE	1.0	Director	$0	$0	$0
JOLENE CORCORAN	TRUSTEE	1.0	Director	$0	$0	$0
JIM CHIAPPARI	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$1,324,267	$1,170,981	$3,250,655	$153,286
2022	$1,160,793	$1,119,024	$3,116,068	$41,769
2021	$1,307,468	$1,190,282	$3,133,617	$117,186
2020	$1,222,002	$1,115,709	$3,139,545	$106,293
2019	$1,225,370	$959,796	$3,010,616	$265,574
2018	$933,773	$859,538	$2,656,641	$74,235

REDWOOD EMPIRE ELECTRICAL TRAINING TRUST