LOS ANGELES COUNTY ELECTRICAL EDUCATIONAL AND TRAINING TRUST FUND

EIN: 956123788

CITY OF COMMERCE, CA

Total Revenue
$19,199,038
Total Expenses
$17,775,218
Total Assets
$35,433,857
Net Assets
$35,433,857
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
CA
Principal Officer
DAVID NOTT
Phone
3232215881
Tax Period
2024-07-01 to 2025-06-30

LOS ANGELES COUNTY ELECTRICAL EDUCATIONAL AND TRAINING TRUST FUND, founded in 1964, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $17.8M left a modest 7% surplus.

Mission

the institute provides training and continuing education to apprentices and journeymen in the electrical industry to eligible individuals. approximately 4,500 individuals received training and/or continuing education.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,179,127
Program Service Revenue $13,140,715
Investment Income $869,909
Other Revenue $9,287
TOTAL REVENUE $19,199,038

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $17,775,218
TOTAL EXPENSES $17,775,218

Year-over-Year Comparison

2024 2023 Change
Revenue $19,199,038 $17,739,213 +0.1%
Expenses $17,775,218 $16,462,040 +0.1%
Net Income $1,423,820 $1,277,173 +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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Governance

Voting Members
6
Independent Members
N/A
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
1
$314,151
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID NOTT EXECUTIVE DIRECTOR 40.0
Officer
$0 $77,193 $314,151
Alan Mora assistant director 40.0
Highest
$0 $75,814 $247,872
STEVE ROSE SENIOR INSTRUCTOR 40.0
Highest
$0 $68,987 $243,836
Pete Drimilis Senior Instructor 40.0
Highest
$0 $70,457 $239,274
SUMMER ZACHARY SENIOR INSTRUCTOR 40.0
Highest
$0 $56,497 $226,736
scott arnold senior instructor 40.0
Highest
$0 $57,453 $226,270
Michael Kippendorf trustee 1.0
Director
$0 $0 $0
rick jarvis TRUSTEE 1.0
Director
$0 $0 $0
TONY VALENTINO trustee 1.0
Director
$0 $0 $0
ALTON WILKERSON TRUSTEE 1.0
Director
$0 $0 $0
robert corona trustee 1.0
Director
$0 $0 $0
Kelly Oliver 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
2025 $19,199,038 $17,775,218 $35,433,857 $1,423,820
2024 $17,739,213 $16,462,040 $35,136,787 $1,277,173
2023 $16,315,307 $14,259,896 $34,751,795 $2,055,411
2022 $16,750,183 $12,100,280 $32,592,862 $4,649,903
2021 $15,076,310 $12,460,669 $30,969,232 $2,615,641
2020 $17,719,521 $11,147,421 $26,986,284 $6,572,100
2019 $14,569,075 $11,396,182 $22,672,044 $3,172,893
2018 $11,864,718 $9,564,760 $21,077,654 $2,299,958
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