INTERNATIONAL ELECTRICAL TESTING ASSOCIATION INC

EIN: 132983834

PORTAGE, MI

Total Revenue
$4,798,387
Total Expenses
$4,724,833
Total Assets
$5,113,369
Net Assets
$3,637,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
WI
Principal Officer
BRYANT PHILLIPS
Phone
2694886382
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL ELECTRICAL TESTING ASSOCIATION INC, founded in 1972, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TO SERVE THE ELECTRICAL TESTING INDUSTRY BY ESTABLISHING STANDARDS; PUBLISHING SPECIFICATIONS; ACCREDITING INDEPENDENT, THIRD PARTY, ELECTRICAL TESTING COMPANIES; CERTIFYING TEST TECHNICIANS; AND PROMOTING THE PROFESSIONAL SERVICES OF ITS MEMBERS. THE ASSOCIATION ALSO COLLECTS AND DISSEMINATES INFORMATION AND DATA OF VALUE TO THE ELECTRICAL INDUSTRY AND EDUCATES THE PUBLIC AND END USER ABOUT THE MERITS OF ELECTRICAL ACCEPTANCE AND MAINTENANCE TESTING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,367,544
Investment Income $37,567
Other Revenue $393,276
TOTAL REVENUE $4,798,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,193,310
Fundraising Expenses $0
Program Expenses $3,305,599
Other Expenses $3,531,523
TOTAL EXPENSES $4,724,833

Year-over-Year Comparison

2024 2023 Change
Revenue $4,798,387 $3,982,563 +0.2%
Expenses $4,724,833 $4,460,628 +0.1%
Net Income $73,554 $-478,065 -1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
30

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYANT PHILLIPS EXECUTIVE DI 40.00
Officer
$0 $0 $0
DANIEL HOOK PRESIDENT 4.00
Officer Director
$0 $0 $0
CHASEN TEDDER VICE PRESIDE 4.00
Officer Director
$0 $0 $0
VIRGINIA BALITSKI 2ND VICE PRE 4.00
Officer Director
$0 $0 $0
JAMES CIALDEA TREASURER 4.00
Officer Director
$0 $0 $0
SCOTT BLIZARD SECRETARY 4.00
Director
$0 $0 $0
RON WIDUP TRUSTEE 1.00
Director
$0 $0 $0
DAVID KREGER TRUSTEE 1.00
Director
$0 $0 $0
LORNE GARA TRUSTEE 1.00
Director
$0 $0 $0
KEN BASSETT TRUSTEE 1.00
Director
$0 $0 $0
LEIF HOEGBERG TRUSTEE 1.00
Director
$0 $0 $0
DAVID HUFFMAN TRUSTEE 1.00
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 $4,798,387 $4,724,833 $5,113,369 $73,554
2023 $3,982,563 $4,460,628 $4,454,872 $-478,065
2022 $3,429,333 $3,544,124 $4,495,273 $-114,791
2021 $2,870,183 $2,738,996 $4,686,083 $131,187
2020 $1,344,623 $1,348,374 $3,720,214 $-3,751
2020 $3,840,123 $3,492,519 $3,560,862 $347,604
2019 $3,757,187 $3,383,586 $3,355,626 $373,601
2018 $3,686,959 $3,369,607 $3,034,908 $317,352
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