INDEPENDENT ELECTRICAL CONTRACTORS INC OF TEXAS (EIN 237382351) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

RENEA BEASLEY

Phone

5123890006

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT ELECTRICAL CONTRACTORS INC OF TEXAS, founded in 1974, is a small nonprofit that reported $579K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PROMOTE AND IMPROVE THE ELECTRICAL CONTRACTING INDUSTRY IN TEXAS

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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 $465,303

Program Service Revenue $17,000

Investment Income $17,517

Other Revenue $79,142

TOTAL REVENUE $578,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,776

Fundraising Expenses $0

Program Expenses $177,671

Other Expenses $312,832

TOTAL EXPENSES $563,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,962	$493,142	+0.2%
Expenses	$563,608	$553,916	+0.0%
Net Income	$15,354	$-60,774	-1.3%

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

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

$237,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HENDERSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT WALKER	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
MARK BOYER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARK MATHENY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RENEA BEASLEY	EXECUTIVE DIRECTOR	40.00	Director	$170,000	$67,728	$237,728
KEVIN RICHARDSON	PAST PRESIDENT	3.00	Officer 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	$578,962	$563,608	$738,448	$15,354
2023	$493,142	$553,916	$680,855	$-60,774
2022	$547,904	$493,035	$709,567	$54,869
2021	$537,277	$456,013	$718,204	$81,264
2020	$451,766	$344,413	$614,015	$107,353
2019	$453,354	$372,277	$500,909	$81,077
2018	$415,842	$323,750	$381,624	$92,092

INDEPENDENT ELECTRICAL CONTRACTORS INC OF TEXAS