NEW YORK ELECTRICAL CONTRACTORS ASSOCIATION INC (EIN 131097700) - 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

1934

Legal Domicile

Principal Officer

KRISTINE DENAPOLI

Phone

2124810530

Tax Period

2023-01-01 to 2023-12-31

NEW YORK ELECTRICAL CONTRACTORS ASSOCIATION INC, founded in 1934, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Net assets of $7.0M represent 25 months of operating reserves.

Mission

SERVES AS PARTY TO COLLECTIVE BARGAINING AGREEMENT WITH IBEW LOCAL UNION NO. 3, WITH OBJECTIVES OF PROMOTING ELECTRICAL CONTRACTING BUSINESS AND THE ELECTRICAL INDUSTRY AS A WHOLE, ESTABLISHING HARMONIOUS RELATION AMONG EMPLOYERS AND EMPLOYEES; ITS MEMBERS AND OTHER TRADES IN THE INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,221,238

Investment Income $96,639

Other Revenue $0

TOTAL REVENUE $3,317,877

Expense Breakdown

Grants Paid $90,434

Salaries & Benefits $1,135,485

Fundraising Expenses $0

Program Expenses $3,585,419

Other Expenses $2,359,500

TOTAL EXPENSES $3,585,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,317,877	$3,449,128	0.0%
Expenses	$3,585,419	$3,893,028	-0.1%
Net Income	$-267,542	$-443,900	-0.4%

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

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

Key Employees

$742,548

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VIEIRA	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
CAROL KLEINBERG	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
ANTHONY E MANN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOHN VILLAFANE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
ANDREW DRAZIC	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
THOMAS PAGLIARO	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
ALEXANER SAMILENKO	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
PARAG KAPADIA	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MICHAEL BIGMAN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
SUSAN PASCALE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MARK KLEINKNECHT	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
RAJ LODAYA	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
KRISTINE DENAPOLI	PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT AMABILE	FIRST VICE PRESIDENT	1.00	Officer	$0	$0	$0
CRAIG GILSTON	TREASURER	1.00	Officer	$0	$0	$0
RON SCIMONE	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT SAVILLE	SECOND VICE PRESIDENT	1.00	Officer	$0	$0	$0
BEN D'ALESSANDRO	GOVERNOR	1.00	Officer	$0	$0	$0
EDWIN LOPEZ	EXECUTIVE SECRETARY	40.00	Key Emp	$396,775	$66,875	$463,650
PETER RESCIGNO JR	DIRECTOR OF OPERATIONS	40.00	Key Emp	$219,211	$59,687	$278,898
ROZAYDA FLEMING	CONTROLLER	40.00	Highest	$100,761	$45,773	$146,534

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	No data	No data	No data	No data
2023	$3,317,877	$3,585,419	$9,222,214	$-267,542
2022	$3,449,128	$3,893,028	$9,707,808	$-443,900
2021	$3,313,908	$3,006,597	$10,864,379	$307,311
2020	$3,008,419	$2,313,462	$10,421,627	$694,957
2019	$3,474,272	$3,400,302	$9,781,247	$73,970
2018	$3,316,744	$2,895,570	$9,526,855	$421,174

NEW YORK ELECTRICAL CONTRACTORS ASSOCIATION INC