Western New York Chapter National Electrical Contractors Association (EIN 160951042) - 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

1940

Legal Domicile

Principal Officer

Renee LaMonaco

Phone

7168101664

Tax Period

2024-01-01 to 2024-12-31

Western New York Chapter National Electrical Contractors Association, founded in 1940, is a small nonprofit that reported $705K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 37% operating margin.

Mission

Provide representation to Electrical Contractors; Administer substance abuse program

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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 $46,575

Investment Income $68,712

Other Revenue $589,977

TOTAL REVENUE $705,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,501

Fundraising Expenses $0

Program Expenses $269,104

Other Expenses $333,516

TOTAL EXPENSES $441,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,264	$579,175	+0.2%
Expenses	$441,017	$450,489	0.0%
Net Income	$264,247	$128,686	+1.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil Binkiwitz	Director	1.00	Director	$0	$0	$0
Mark Melber	Director	1.00	Director	$0	$0	$0
Jim Andrews	Director	1.00	Director	$0	$0	$0
David Painter	Director	1.00	Director	$0	$0	$0
Marty Carollo	Director	1.00	Director	$0	$0	$0
Anthony Sciandra	Director	1.00	Director	$0	$0	$0
Rick Lombard	President	3.00	Officer	$0	$0	$0
Marc Brunelle	Vice President	2.00	Officer	$0	$0	$0
Jennifer Miller	Treasurer	2.00	Officer	$0	$0	$0
Robert Hobba	Governor	3.00	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	$705,264	$441,017	$1,674,803	$264,247
2023	$579,175	$450,489	$1,408,437	$128,686
2022	$539,189	$431,570	$1,278,448	$107,619
2021	$563,756	$397,734	$1,258,633	$166,022
2020	$577,074	$348,713	$1,092,436	$228,361

Western New York Chapter National Electrical Contractors Association