SOUTHEASTERN INSULATION CONTRACTORS ASSOCIATION INC (EIN 237080642) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

DAVID BICKLEY

Phone

7575368437

Tax Period

2023-10-01 to 2024-09-30

SOUTHEASTERN INSULATION CONTRACTORS ASSOCIATION INC, founded in 1949, is a micro nonprofit in the Community Improvement sector that reported $94K in total revenue in fiscal year 2019. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTE INTERESTS OF INSULATION CONTRACTING AND DISTRIBUTING BUSINESS IN THE SOUTHEASTERN STATES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,100

Program Service Revenue $245,940

Investment Income $11,211

Other Revenue $41,975

TOTAL REVENUE $300,226

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $240,246

TOTAL EXPENSES $247,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,226	$440,880	-0.3%
Expenses	$247,246	$263,354	-0.1%
Net Income	$52,980	$177,526	-0.7%

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
DAVID BICKLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRANDON DAMBACH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE BURELL	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRIAN MIZELL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JIMMY ENNIS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOE MACEACHERN	DIRECTOR	1.00	Director	$0	$0	$0
DREW OWENS	DIRECTOR	1.00	Director	$0	$0	$0
JUAN ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
PETE SINGLETARY	DIRECTOR	1.00	Director	$0	$0	$0
GREG BUCY	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOWERDD	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
ERIN PENBERTHY	EXECUTIVE DIRECTOR	6.00	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	$300,226	$247,246	$464,121	$52,980
2023	$440,880	$263,354	$369,287	$177,526
2022	$219,369	$229,665	$102,701	$-10,296
2021	$166,882	$160,851	$110,620	$6,031
2020	$94,395	$119,513	$110,633	$-25,118

SOUTHEASTERN INSULATION CONTRACTORS ASSOCIATION INC