THE ELECTRICAL ASSOCIATION OF PHIL… - Form 990 Financial Data

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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

1923

Legal Domicile

Principal Officer

HENRY BARUSEVICIUS JR

Phone

6108251600

Tax Period

2024-01-01 to 2024-12-31

THE ELECTRICAL ASSOCIATION OF PHILADELPH, founded in 1923, is a small nonprofit that reported $722K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $839K exceeded revenue, resulting in a 16% operating deficit.

Mission

ADVANCING THE SUCCESS OF ENERGY INDUSTRY CONTRACTORS AND PROFESSIONALS WORKING WITHIN THE GREATER PHILADELPHIA REGION.

Program Service Accomplishments

Program 1

Expenses: $612,713

THE ELECTRICAL ASSOCIATION OF PHILADELPHIA FACILITATES BUSINESS CONNECTIONS BETWEEN SUPPLIERS AND CONTRACTORS, AND CONTRACTORS AND CUSTOMERS. PROGRAMS INCLUDE LOCATE A CONTRACTOR, ELECTRIC EXPO...

THE ELECTRICAL ASSOCIATION OF PHILADELPHIA FACILITATES BUSINESS CONNECTIONS BETWEEN SUPPLIERS AND CONTRACTORS, AND CONTRACTORS AND CUSTOMERS. PROGRAMS INCLUDE LOCATE A CONTRACTOR, ELECTRIC EXPO TRADESHOW, CONTINUING EDUCATION, HVAC REBATES AND MORE.

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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 $43,241

Program Service Revenue $624,156

Investment Income $54,737

Other Revenue $0

TOTAL REVENUE $722,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,069

Fundraising Expenses $0

Program Expenses $612,713

Other Expenses $476,497

TOTAL EXPENSES $838,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722,134	$454,089	+0.6%
Expenses	$838,566	$503,270	+0.7%
Net Income	$-116,432	$-49,181	+1.4%

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

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

$139,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS DEFURIA	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID OLIVER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY BARUSEVICIUS JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK BALSAMA	TREASURER	1.00	Officer Director	$0	$0	$0
JANET BENVENUTO	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MIKE MEDAGLIA	DIRECTOR	1.00	Director	$0	$0	$0
JOE DEANE	DIRECTOR	1.00	Director	$0	$0	$0
CARL IPPOLITI	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN POWELL	DIRECTOR	1.00	Director	$0	$0	$0
MADDI ARNOTT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MACWILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
HARRY MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HAGY CAE	EXECUTIVE DIRECTOR	40.00	Officer	$121,306	$17,977	$139,283

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	$722,134	$838,566	$1,638,046	$-116,432
2023	$454,089	$503,270	$1,577,811	$-49,181
2022	$759,210	$758,665	$1,463,465	$545
2021	$320,595	$581,678	$1,776,991	$-261,083
2020	$491,945	$570,630	$1,875,895	$-78,685
2019	$698,487	$884,067	$1,886,752	$-185,580
2018	$338,115	$562,106	$1,969,092	$-223,991

THE ELECTRICAL ASSOCIATION OF PHILADELPH