INDEPENDENT ELECTRICAL CONTRACTORS OF NEW ENGLAND INC (EIN 237121437) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

RICH BIRD

Phone

8605634953

Tax Period

2024-10-01 to 2025-09-30

INDEPENDENT ELECTRICAL CONTRACTORS OF NEW ENGLAND INC, founded in 1957, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 12% surplus.

Mission

TO ADVANCE THE INTERESTS OF THE INDEPENDENT ELECTRICAL CONTRACTOR

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $30,250

Program Service Revenue $1,111,843

Investment Income $18,640

Other Revenue $47,789

TOTAL REVENUE $1,208,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,326

Fundraising Expenses $0

Program Expenses $467,261

Other Expenses $652,895

TOTAL EXPENSES $1,069,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,208,522	$1,150,547	+0.1%
Expenses	$1,069,221	$969,449	+0.1%
Net Income	$139,301	$181,098	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH BIRD	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURENCE VALLERES	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
PHIL NIZZARDO	TREASURER	5.00	Officer Director	$0	$0	$0
JASON JACARUSO	SECRETARY	5.00	Officer Director	$0	$0	$0
JOE FONTANA	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BERUBE	DIRECTOR	1.00	Director	$0	$0	$0
MARK MADORE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MIVILLE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ONESSIMO	DIRECTOR	1.00	Director	$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
2025	$1,208,522	$1,069,221	$2,109,729	$139,301
2024	$1,150,547	$969,449	$2,122,046	$181,098
2023	$952,712	$912,802	$1,919,618	$39,910
2022	$870,872	$901,582	$930,157	$-30,710
2021	$933,229	$754,089	$893,643	$179,140
2020	$663,642	$737,359	$721,470	$-73,717
2019	$872,153	$819,336	$776,325	$52,817
2018	$794,471	$737,550	$699,277	$56,921

INDEPENDENT ELECTRICAL CONTRACTORS OF NEW ENGLAND INC