NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (EIN 050250559) - 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

2008

Legal Domicile

Principal Officer

SPENCER A MARKS

Phone

4017380222

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, founded in 2008, is a small nonprofit that reported $820K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 18% operating margin.

Mission

THE ORGANIZATION ARRANGES AND PROMOTES MEETINGS WITH ELECTRICAL CONTRACTORS AND PROVIDES THEM WITH A FORUM TO EXPRESS THEIR COLLECTIVE VOICE. THE ORGANIZATION PROMOTES SOUND LABOR RELATIONS ON THE BASIS OF LABOR AND MANAGEMENT COOPERATION IN PUBLIC INTEREST.

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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 $0

Program Service Revenue $811,350

Investment Income $9,111

Other Revenue $0

TOTAL REVENUE $820,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,790

Fundraising Expenses $0

Other Expenses $379,062

TOTAL EXPENSES $671,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$820,461	$648,916	+0.3%
Expenses	$671,852	$550,261	+0.2%
Net Income	$148,609	$98,655	+0.5%

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

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

Total Directors

$179,404

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER MARKS	EXECUTIVE MANAGER	40.00	Director	$179,404	$0	$179,404
JEFF NOLIN	TREASURER/DIRECTOR	5.00	Director	$0	$0	$0
GEORGE OULLETTE	PRESIDENT/DIRECTOR	5.00	Director	$0	$0	$0
ROBERT COTE	SECRETARY/DIRECTOR	5.00	Director	$0	$0	$0
JEFF AUDET	V.PRESIDENT/DIRECTOR	5.00	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
2024	$820,461	$671,852	$836,433	$148,609
2023	$648,916	$550,261	$686,983	$98,655
2022	$479,799	$492,930	$589,213	$-13,131
2021	$397,795	$438,426	$601,620	$-40,631
2020	$398,607	$330,165	$650,238	$68,442
2019	$407,741	$366,915	$574,779	$40,826
2018	$353,336	$282,113	$532,851	$71,223

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION