ALBANY ELECTRICAL CONTRACTORS ASSOCIATION INC (EIN 146018839) - 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

1937

Legal Domicile

Principal Officer

STEPHEN CHAMBERLAIN

Phone

5187855876

Tax Period

2024-01-01 to 2024-12-31

ALBANY ELECTRICAL CONTRACTORS ASSOCIATION INC, founded in 1937, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. The organization ran a surplus of $80K, a strong 18% operating margin.

Mission

ALBANY ELECTRICAL CONTRACTORS ASSOCIATION, INC. WAS FOUNDED TO UNITE THE ELECTRICAL CONTRACTORS OF THE ALBANY, NEW YORK CAPITAL REGION SO AS TO GIVE THEM ONE COMBINED VOICE BOTH LOCALLY AND AT THE NATIONAL ASSOCIATION LEVEL AS WELL AS TO PROMOTE AND SUPPORT THE MISSION OF NATIONAL ELECTRICAL CONTRACTORS ASSOC. IN THE AREA.

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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 $103,083

Program Service Revenue $0

Investment Income $88,519

Other Revenue $244,213

TOTAL REVENUE $435,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,935

Fundraising Expenses $0

Other Expenses $151,398

TOTAL EXPENSES $355,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,815	$412,785	+0.1%
Expenses	$355,333	$305,049	+0.2%
Net Income	$80,482	$107,736	-0.3%

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

$123,817

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN CHAMBERLAIN	EXECUTIVE DIRECTOR	035.00	Key Emp Highest	$123,817	$0	$123,817
JOSEPH GROSS	GOVERNOR	001.00	Director	$0	$0	$0
RALPH CIOFFI	DIRECTOR	001.00	Director	$0	$0	$0
SIMEON HUNSDON	DIRECTOR	001.00	Director	$0	$0	$0
BRIAN HART	PRESIDENT	001.00	Officer	$0	$0	$0
CHRIS SPRARAGEN	TREASURER	001.00	Officer	$0	$0	$0
DONALD JAY MCBAIN	VICE PRESIDENT	001.00	Officer	$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	$435,815	$355,333	$1,559,575	$80,482
2023	$412,785	$305,049	$1,452,431	$107,736
2022	$372,446	$292,710	$1,337,306	$79,736
2021	$277,422	$293,457	$1,433,337	$-16,035
2020	$401,700	$262,918	$1,333,225	$138,782
2019	$323,891	$338,022	$1,155,946	$-14,131
2018	$396,224	$320,565	$1,084,005	$75,659

ALBANY ELECTRICAL CONTRACTORS ASSOCIATION INC