B — EducationEIN: 522048675· Ruling Year: 1998

I E C Chesapeake Apprenticeship & Training Inc

Laurel, Maryland

AHealth Score
85A

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Excellent

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.50×
Peer Median20.77×
💰
$3.7M
Total Revenue
📊
$3.0M
Total Expenses
🏦
$4.5M
Net Assets
📋
$505K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+17.3%
Year-over-year change (2023 → 2024)
Net Margin
+19.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.50
Net assets divided by total expenses
Liabilities-to-Assets
10.1%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2024$3,705,880↑17%$2,981,891↑17%$4,985,820↑21%
2023$3,158,956↑9%$2,559,369↑14%$4,111,600↑32%
2022$2,893,289↑12%$2,252,233↑12%$3,113,507↑13%
2021$2,574,008↑20%$2,002,774↑6%$2,760,006↑61%
2020$2,149,694↑9%$1,891,431↑16%$1,710,939↑26%
2019$1,969,849↑7%$1,625,007↑1%$1,355,643↑18%
2018$1,832,996↑7%$1,602,861↑19%$1,152,712↑46%
2017$1,709,614↑26%$1,351,341↑11%$790,276↑10%
2016$1,356,682↑358%$1,215,117↑125%$715,580↑34%
2015$295,934↓76%$540,248↓49%$535,930
2014$1,212,039↑25%$1,058,628↓4%$535,178↑41%
2013$969,931↑4%$1,098,665↑15%$378,946↓44%
2012$929,038↓1%$956,058↑4%$675,265↑28%
2011$939,663$915,043$526,695

Frequently Asked Questions

What does I E C Chesapeake Apprenticeship & Training Inc do?▼

I E C Chesapeake Apprenticeship & Training Inc is a education nonprofit organization based in Maryland. It is classified under NTEE code B80 and is registered as a 501(c) tax-exempt organization with the IRS.

Is I E C Chesapeake Apprenticeship & Training Inc financially healthy?▼

Based on our 9-metric Financial Health Score model, I E C Chesapeake Apprenticeship & Training Inc has a score of 85/100 (Grade: A). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does I E C Chesapeake Apprenticeship & Training Inc generate?▼

I E C Chesapeake Apprenticeship & Training Inc reports $4.1M in annual revenue and holds $6.4M in total assets, based on IRS filings.

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