Newark Electrical Joint Apprenticeship And Training Trust
EIN: 310993761 · Heath, OH
Is Newark Electrical Joint Apprenticeship And Training Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newark Electrical Joint Apprenticeship And Training Trust
Newark Electrical Joint Apprenticeship And Training Trust (EIN: 310993761) is a nonprofit organization based in Heath, OH. The organization reported total revenue of $4.0M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Electrical Joint Apprenticeship And Training Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Electrical Joint Apprenticeship And Training Trust is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-170,360 |
| Total Assets | $3.3M |
| Total Liabilities | $540K |
| Net Assets | $2.7M |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 23.4 months |
Financial Health Grade: B
In 2023, Newark Electrical Joint Apprenticeship And Training Trust reported a deficit of $170K with expenses exceeding revenue, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newark Electrical Joint Apprenticeship And Training Trust's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | +23.1% | +13.5% |
| 2022 | +31.3% | +88.2% | +9.3% |
| 2021 | +33.6% | +24.6% | +23.1% |
| 2020 | +8.3% | -5.7% | +33.5% |
| 2019 | +30.7% | +32.2% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newark Electrical Joint Apprenticeship And Training Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Newark Electrical Joint Apprenticeship And Training Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $170K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.6%.
Frequently Asked Questions about Newark Electrical Joint Apprenticeship And Training Trust
Is Newark Electrical Joint Apprenticeship And Training Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark Electrical Joint Apprenticeship And Training Trust (EIN: 310993761) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newark Electrical Joint Apprenticeship And Training Trust spend its money?
Detailed spending breakdown data is not yet available for Newark Electrical Joint Apprenticeship And Training Trust. Check back for updated IRS 990 analysis.
Are donations to Newark Electrical Joint Apprenticeship And Training Trust tax-deductible?
Newark Electrical Joint Apprenticeship And Training Trust is registered as a tax-exempt nonprofit (EIN: 310993761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Newark Electrical Joint Apprenticeship And Training Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newark Electrical Joint Apprenticeship And Training Trust's revenue has grown by 330.2%, moving from $349K to $1.5M. Total assets increased by 355.1% over the same period, from $716K to $3.3M. Total functional expenses rose by 736.2%, from $200K to $1.7M. In its most recent filing year (2023), Newark Electrical Joint Apprenticeship And Training Trust reported a deficit of $170K, with expenses exceeding revenue. The organization holds $540K in liabilities against $3.3M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $3.3M | $540K | — | — |
| 2022 | $1.7M | $1.4M | $2.9M | $3K | — | View 990 |
| 2021 | $1.3M | $722K | $2.6M | $479 | — | View 990 |
| 2020 | $949K | $579K | $2.1M | $25K | — | View 990 |
| 2019 | $876K | $615K | $1.6M | $26K | — | View 990 |
| 2018 | $670K | $465K | $1.3M | $5K | — | View 990 |
| 2017 | $417K | $315K | $1.1M | $3K | — | View 990 |
| 2016 | $412K | $336K | $1.0M | $4K | — | View 990 |
| 2015 | $351K | $253K | $957K | $2K | — | View 990 |
| 2014 | $312K | $265K | $859K | $2K | — | View 990 |
| 2013 | $252K | $233K | $812K | $2K | — | View 990 |
| 2012 | $244K | $169K | $791K | $473 | — | View 990 |
| 2011 | $349K | $200K | $716K | $410 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $3.3M (revenue -9.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.4M, and assets of $2.9M (revenue +31.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $722K, and assets of $2.6M (revenue +33.6% year-over-year).
- 2020: Revenue of $949K, expenses of $579K, and assets of $2.1M (revenue +8.3% year-over-year).
- 2019: Revenue of $876K, expenses of $615K, and assets of $1.6M (revenue +30.7% year-over-year).
- 2018: Revenue of $670K, expenses of $465K, and assets of $1.3M (revenue +60.7% year-over-year).
- 2017: Revenue of $417K, expenses of $315K, and assets of $1.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $412K, expenses of $336K, and assets of $1.0M (revenue +17.4% year-over-year).
- 2015: Revenue of $351K, expenses of $253K, and assets of $957K (revenue +12.3% year-over-year).
- 2014: Revenue of $312K, expenses of $265K, and assets of $859K (revenue +24.0% year-over-year).
- 2013: Revenue of $252K, expenses of $233K, and assets of $812K (revenue +3.3% year-over-year).
- 2012: Revenue of $244K, expenses of $169K, and assets of $791K (revenue -30.1% year-over-year).
- 2011: Revenue of $349K, expenses of $200K, and assets of $716K.
Data Sources and Methodology
This transparency report for Newark Electrical Joint Apprenticeship And Training Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.