NORTH CENTRAL ELECTRICAL MANUFACTU… - 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

1938

Legal Domicile

Principal Officer

ABBY ANDVIK

Phone

9528544405

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL ELECTRICAL MANUFACTURERS CLUB, founded in 1938, is a small nonprofit that reported $914K in total revenue in fiscal year 2023. Revenue surged 906% from the prior year, signaling strong growth momentum. Expenses of $848K left a modest 7% surplus.

Mission

NORTH CENTRAL ELECTRICAL MANUFACTURERS CLUB HAS OPERATED AS A NONPROFIT MEMBERSHIP ORGANIZATION OF ELECTRICAL MANUFACTURERS AND SALES REPRESENTATIVES FROM THROUGHOUT THE UPPER MIDWEST. NCEMC STRIVES TO: PROMOTE HIGH STANDARDS IN THE MARKETING OF ELECTRICAL PRODUCTS, REINFORCE THE MANUFACTURERS ROLE IN THE ELECTRICAL SUPPLY CHAIN, PROMOTE ELECTRICAL EDUCATION PROGRAMS FOR OUR INDUSTRY, PROMOTE GOOD FELLOWSHIP AMONG OUR MEMBERSHIP AND OUR INDUSTRY

Program Service Accomplishments

Program 1

SCHOLARSHIPS AND CONTRIBUTIONS PROVIDE RECOGNITION TO AND PROMOTE PARTICIPATION IN THE INDUSTRY

Program 2

ANNUAL GOLF OUTING IS USED TO PROMOTE THE INDUSTRY TO INDIVIDUALS BOTH IN AND OUTSIDE OF THE INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $902,688

Investment Income $11,152

Other Revenue $0

TOTAL REVENUE $913,840

Expense Breakdown

Grants Paid $20,676

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $827,129

TOTAL EXPENSES $847,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$913,840	$90,838	+9.1%
Expenses	$847,805	$162,498	+4.2%
Net Income	$66,035	$-71,660	-1.9%

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

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
ALANNA HARPER	TREASURER	0.00	Officer Director	$0	$0	$0
ASHLEY SUESS	SECRETARY	0.00	Officer Director	$0	$0	$0
CHRIS LEE	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
DAVE BOEHDE	DIRECTOR	0.00	Director	$0	$0	$0
GABBY HEALY	DIRECTOR	0.00	Director	$0	$0	$0
KURT GREEN	DIRECTOR	0.00	Director	$0	$0	$0
NATE BOIKE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
PETE DEEG	PRESIDENT	0.00	Officer Director	$0	$0	$0
RONNIE DONLEY	DIRECTOR	0.00	Director	$0	$0	$0
TIM MCNABOE	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS YELLE	DIRECTOR	0.00	Director	$0	$0	$0
ABBY ANDVIK	EXECUTIVE DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$913,840	$847,805	$448,762	$66,035
2022	$90,838	$162,498	$532,844	$-71,660
2021	$997,631	$880,826	$448,587	$116,805
2020	$60,736	$131,176	$1,130,447	$-70,440
2019	$99,013	$166,434	$632,122	$-67,421
2018	$962,362	$823,122	$463,643	$139,240

NORTH CENTRAL ELECTRICAL MANUFACTURERS CLUB