Portland Electrical Joint Apprenticeship & Training Fund
Portland Electrical JATC shows strong financial growth and zero reported officer compensation.
EIN: 10315000 · Lewiston, ME · NTEE: J22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $886K |
| Total Expenses | $525K |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Portland Electrical Joint Apprenticeship & Training Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Electrical Joint Apprenticeship & Training Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Electrical Joint Apprenticeship & Training Fund
Portland Electrical Joint Apprenticeship & Training Fund (EIN: 10315000) is a nonprofit organization based in Lewiston, ME, classified under NTEE code J22Z. The organization reported total revenue of $886K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Electrical Joint Apprenticeship & Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Electrical Joint Apprenticeship & Training Fund is a small nonprofit that has been operating for 54 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $740K |
| Total Expenses | $525K |
| Surplus / Deficit | +$215K |
| Total Assets | $1.0M |
| Total Liabilities | $7K |
| Net Assets | $1.0M |
| Operating Margin | 29.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 24.0 months |
Financial Health Grade: A
In 2023, Portland Electrical Joint Apprenticeship & Training Fund reported a surplus of $215K with revenue exceeding expenses, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Portland Electrical Joint Apprenticeship & Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +10.3% | +26.2% |
| 2022 | +13.7% | +18.2% | +37.3% |
| 2021 | +37.0% | +13.7% | +36.1% |
| 2020 | +18.6% | +8.5% | +28.8% |
| 2019 | +9.7% | +6.7% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Portland Electrical Joint Apprenticeship & Training Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Portland Electrical Joint Apprenticeship & Training Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $215K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is not directly compensated through traditional officer salaries, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Portland Electrical Joint Apprenticeship & Training Fund's IRS 990 filings:
- Lack of detailed breakdown on program vs. administrative expenses in provided data, making precise efficiency calculation difficult without full 990 forms.
Strengths
The following positive indicators were identified for Portland Electrical Joint Apprenticeship & Training Fund:
- Consistent revenue growth over a decade, from $200,359 in 2014 to $740,212 in 2023.
- Zero reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Strong asset accumulation, reaching over $1 million in 2023, while maintaining very low liabilities.
- Expenses consistently lower than revenue, demonstrating sound financial management and sustainability.
- Clear alignment between organization name, NTEE code (J22Z - Apprenticeship Programs), and implied mission.
Frequently Asked Questions about Portland Electrical Joint Apprenticeship & Training Fund
Is Portland Electrical Joint Apprenticeship & Training Fund a legitimate charity?
Portland Electrical Joint Apprenticeship & Training Fund (EIN: 10315000) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $886K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Portland Electrical Joint Apprenticeship & Training Fund spend its money?
Portland Electrical Joint Apprenticeship & Training Fund directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Portland Electrical Joint Apprenticeship & Training Fund tax-deductible?
Portland Electrical Joint Apprenticeship & Training Fund is registered as a tax-exempt nonprofit (EIN: 10315000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Electrical Joint Apprenticeship & Training Fund's spending goes to programs?
Portland Electrical Joint Apprenticeship & Training Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Electrical Joint Apprenticeship & Training Fund compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Portland Electrical Joint Apprenticeship & Training Fund is above average for NTEE category J22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Electrical Joint Apprenticeship & Training Fund located?
Portland Electrical Joint Apprenticeship & Training Fund is headquartered in Lewiston, Maine and files with the IRS under EIN 10315000. It is classified under NTEE code J22Z.
How many years of IRS 990 filings does Portland Electrical Joint Apprenticeship & Training Fund have?
Portland Electrical Joint Apprenticeship & Training Fund has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $886K in total revenue.
Is Portland Electrical Joint Apprenticeship & Training Fund a good charity?
Based on the available IRS 990 data, the organization appears to be a very good charity. It demonstrates strong financial growth, low liabilities, and a remarkable commitment to its mission by reporting 0% officer compensation for over a decade.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $200,359 in 2014 to $740,212 in 2023, representing a substantial increase in financial support.
What is the organization's asset-to-liability ratio?
In 2023, the organization had assets of $1,049,683 and liabilities of $7,218, resulting in a very strong asset-to-liability ratio, indicating excellent financial stability.
Filing History
IRS 990 filing history for Portland Electrical Joint Apprenticeship & Training Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Portland Electrical Joint Apprenticeship & Training Fund's revenue has grown by 194.7%, moving from $251K to $740K. Total assets increased by 235.5% over the same period, from $313K to $1.0M. Total functional expenses rose by 82.5%, from $288K to $525K. In its most recent filing year (2023), Portland Electrical Joint Apprenticeship & Training Fund reported a surplus of $215K, with revenue exceeding expenses. The organization holds $7K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $740K | $525K | $1.0M | $7K | — | — |
| 2022 | $704K | $476K | $831K | $4K | — | View 990 |
| 2021 | $619K | $403K | $605K | $6K | — | View 990 |
| 2020 | $452K | $354K | $445K | $11K | — | View 990 |
| 2019 | $381K | $326K | $346K | $9K | — | View 990 |
| 2018 | $347K | $306K | $305K | $24K | — | View 990 |
| 2017 | $366K | $297K | $257K | $17K | — | View 990 |
| 2016 | $303K | $301K | $193K | $22K | — | View 990 |
| 2015 | $259K | $291K | $195K | $26K | — | View 990 |
| 2014 | $200K | $269K | $214K | $13K | — | View 990 |
| 2013 | $239K | $273K | $284K | $14K | — | View 990 |
| 2012 | $251K | $288K | $313K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $740K, expenses of $525K, and assets of $1.0M (revenue +5.2% year-over-year).
- 2022: Revenue of $704K, expenses of $476K, and assets of $831K (revenue +13.7% year-over-year).
- 2021: Revenue of $619K, expenses of $403K, and assets of $605K (revenue +37.0% year-over-year).
- 2020: Revenue of $452K, expenses of $354K, and assets of $445K (revenue +18.6% year-over-year).
- 2019: Revenue of $381K, expenses of $326K, and assets of $346K (revenue +9.7% year-over-year).
- 2018: Revenue of $347K, expenses of $306K, and assets of $305K (revenue -5.2% year-over-year).
- 2017: Revenue of $366K, expenses of $297K, and assets of $257K (revenue +21.0% year-over-year).
- 2016: Revenue of $303K, expenses of $301K, and assets of $193K (revenue +16.8% year-over-year).
- 2015: Revenue of $259K, expenses of $291K, and assets of $195K (revenue +29.2% year-over-year).
- 2014: Revenue of $200K, expenses of $269K, and assets of $214K (revenue -16.2% year-over-year).
- 2013: Revenue of $239K, expenses of $273K, and assets of $284K (revenue -4.8% year-over-year).
- 2012: Revenue of $251K, expenses of $288K, and assets of $313K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Electrical Joint Apprenticeship & Training Fund:
Data Sources and Methodology
This transparency report for Portland Electrical Joint Apprenticeship & Training Fund 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.