IEC NORTH AMERICA INC (EIN 043561636) - 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

2001

Legal Domicile

Principal Officer

PETER J LANCTOT

Phone

5087555663

Tax Period

2024-01-01 to 2024-12-31

IEC NORTH AMERICA INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $900K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO CARRY ON THE SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE INTERNATIONAL ELECTROTECHNICAL COMMISSION IN THE UNITED STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $900,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $900,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $789,641

Fundraising Expenses $0

Other Expenses $276,537

TOTAL EXPENSES $1,066,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$900,000	$1,000,000	-0.1%
Expenses	$1,066,178	$1,102,290	0.0%
Net Income	$-166,178	$-102,290	+0.6%

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

N/A

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

$259,263

Total Directors

Key Employees

$197,644

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIPPE METZGER	PRESIDENT	6.00	Officer Director	$0	$0	$0
FABIENNE VIERIRA	TREASURER	10.00	Officer Director	$0	$0	$0
PETER J LANCTOT	CLERK	40.00	Officer	$254,943	$4,320	$259,263
ANDREW REDGATE	TECHNICAL OF	40.00	Key Emp	$181,230	$16,414	$197,644
PHILIPPE METZGER	DIRECTOR	6.00	Officer Director	$0	$0	$0
MARLENE MAILLET	TECHNICAL OF	40.00	Highest	$144,872	$9,042	$153,914

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	$900,000	$1,066,178	$148,821	$-166,178
2023	$1,000,000	$1,102,290	$314,999	$-102,290
2022	$1,400,000	$1,031,123	$417,289	$368,877
2021	$545,000	$989,930	$48,412	$-444,930
2021	$545,000	$989,930	$48,412	$-444,930
2020	$1,300,000	$931,318	$493,343	$368,682
2019	$980,000	$1,045,145	$124,661	$-65,145
2018	$1,100,000	$975,958	$189,806	$124,042

IEC NORTH AMERICA INC