NORTHERN NEW YORK CHAPTER OF NECA

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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

2000

Legal Domicile

Principal Officer

MIKE NORSTRUD

Phone

3153999342

Tax Period

2024-01-01 to 2024-12-31

NORTHERN NEW YORK CHAPTER OF NECA, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $264K left a modest 10% surplus.

Mission

REPRESENT MEMBER CONTRACTORS IN ESTABLISHING TRADE AGREEMENTS, CONDUCT COLLECTIVE BARGAINING WITH LABOR GROUPS AND HELP PROMOTE THE ELECTRICAL INDUSTRY IN NORTHERN NEW YORK STATE

Program Service Accomplishments

Program 1

REPRESENT MEMBER CONTRACTORS IN ESTABLISHING TRADE AGREEMENTS, CONDUCT COLLECTIVE BARGAINING WITH LABOR GROUPS AND HELP PROMOTE THE ELECTRICAL INDUSTRY IN NORTHERN NEW YORK STATE

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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 $276,784

Investment Income $10,920

Other Revenue $6,716

TOTAL REVENUE $294,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $263,652

TOTAL EXPENSES $263,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,420	$267,216	+0.1%
Expenses	$263,652	$254,122	+0.0%
Net Income	$30,768	$13,094	+1.3%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY BILL	VICE PRESIDE	N/A	Director	$0	$0	$0
JOEL BOVEE	GOVERNOR	N/A	Director	$0	$0	$0
NICHOLAS OPPEDISANO	CHAPTER MANA	N/A	Director	$0	$0	$0
JEREMY BRONSON	TRUSTEE	N/A	Officer	$0	$0	$0
CURT HAMMOND	TREASURER	N/A	Officer	$0	$0	$0
MIKE NORSTRUD	PRESIDENT	N/A	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	$294,420	$263,652	$518,387	$30,768
2023	$267,216	$254,122	$387,995	$13,094
2022	$304,430	$220,694	$391,054	$83,736
2021	$214,620	$188,280	$353,108	$26,340
2020	$296,447	$155,567	$278,552	$140,880
2019	$198,575	$157,763	$209,223	$40,812
2018	$139,059	$165,878	$170,406	$-26,819