ELECTCRAFTS INC

🔒

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

1959

Legal Domicile

Principal Officer

JACOB HAAS

Phone

7753292566

Tax Period

2023-07-01 to 2024-06-30

ELECTCRAFTS INC, founded in 1959, is a small nonprofit that reported $460K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $283K, a strong 62% operating margin.

Mission

THE ORGANIZATION HOLDS TITLE TO PROPERTY ON BEHALF OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 401.

Program Service Accomplishments

Program 1

TO PROVIDE FACILITIES AND EQUIPMENT TO IBEW LOCAL NO. 401, A TAX-EXEMPT ELECTRICAL UNION AND FOR ITS TAX-EXEMPT AFFILIATES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $458,351

Investment Income $1,629

Other Revenue $0

TOTAL REVENUE $459,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,569

TOTAL EXPENSES $176,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$459,980	$911,926	-0.5%
Expenses	$176,569	$226,320	-0.2%
Net Income	$283,411	$685,606	-0.6%

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

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

$348,982

Total Directors

$350,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB HAAS	BUSINESS MANAGER/FIN SEC	1.00	Officer Director	$0	$39,618	$183,311
JOEL BYRNE	PRESIDENT	0.50	Officer Director	$0	$0	$4,259
ASA BARTON	VICE PRESIDENT	0.50	Officer Director	$0	$37,021	$154,904
THERESA STRAIGHT	TREASURER	0.50	Officer Director	$0	$0	$3,412
THOMAS MOXLEY	SECRETARY	0.50	Officer Director	$0	$0	$3,096
CHRIS BARRETT	EXECUTIVE BOARD	0.50	Director	$0	$0	$0
PAUL DAVIES	EXECUTIVE BOARD	0.50	Director	$0	$0	$0
IAN ROBINSON	EXECUTIVE BOARD	0.50	Director	$0	$0	$1,735
RYAN HUNT	EXECUTIVE BOARD	0.50	Director	$0	$0	$0
SCOTT WILKES	EXECUTIVE BOARD	0.50	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	No data	No data	No data	No data
2024	$459,980	$176,569	$3,454,758	$283,411
2023	$911,926	$226,320	$3,829,914	$685,606
2022	$246,420	$184,677	$3,523,334	$61,743
2021	$251,901	$125,219	$3,511,174	$126,682
2020	$167,357	$85,702	$1,907,953	$81,655