RIO GRANDE VALLEY CHAPTER INDEPENDENT ELECTRICAL CONTRACTORS INC

EIN: 237127834

HARLINGEN, TX

Total Revenue
$195,065
Total Expenses
$181,044
Total Assets
$287,938
Net Assets
$284,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
TX
Principal Officer
AGAPITO PEREZ JR
Phone
9564284878
Tax Period
2023-01-01 to 2023-12-31

RIO GRANDE VALLEY CHAPTER INDEPENDENT ELECTRICAL CONTRACTORS INC, founded in 1966, is a small nonprofit that reported $195K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $181K left a modest 7% surplus.

Mission

RGV IEC OFFERS INDEPENDENT ELECTRICAL CONTRACTORS QUALITY EDUCATIONAL PROGRAMS, INFORMATION AND SERVICES TO ASSIST THEM IN THE ELECTRICAL FIELD. TRAINING IS PROVIDED FOR HIGH SCHOOL GRADUATES THAT ARE EMPLOYED BY INDEPENDENT ELECTRICAL CONTRACTORS. THE PROGRAM IS A FOUR YEAR EDUCATIONAL PROGRAM SUPPORTED BY CONTRACTORS' DUES. AT COMPLETION OF THE PROGRAM THE STUDENTS WILL BE JOURNEYMAN ELECTRICIANS. RGV IEC ALSO PROVIDES CONTINUING EDUCATION FOR LICENSED ELECTRICIANS.

Program Service Accomplishments

Program 1
Expenses: $126,870

RGV IEC PROVIDES THE EDUCATION NECESSARY FOR APPRENTICE ELECTRICIANS TO OBTAIN A JOURNEYMAN ELECTRICIAN LICENSE AND CONTINUING EDUCATION TO ELECTRICAL CONTRACTORS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,814
Program Service Revenue $112,218
Investment Income $33
Other Revenue $0
TOTAL REVENUE $195,065

Expense Breakdown

Grants Paid $419
Salaries & Benefits $68,422
Fundraising Expenses $0
Program Expenses $126,870
Other Expenses $112,203
TOTAL EXPENSES $181,044

Year-over-Year Comparison

2023 2022 Change
Revenue $195,065 $175,360 +0.1%
Expenses $181,044 $153,696 +0.2%
Net Income $14,021 $21,664 -0.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
7
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
0
$0
Total Directors
4
$19,865
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT ROCHA SEC/TREAS 1.00
Director
$0 $0 $0
MICHAEL GERDES PRESIDENT 1.00
Director
$0 $0 $0
AGAPITO PEREZ JR EXECUTIVE DIRECTOR 20.00
Director
$19,865 $0 $19,865
AMADOR PEREZ VICE PRESIDENT 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
2024 No data No data No data No data
2023 $195,065 $181,044 $287,938 $14,021
2022 $175,360 $153,696 $274,349 $21,664
2021 $272,030 $160,222 $249,985 $111,808
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