ELECTRICAL INDUSTRY EDUCATION FUND

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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

GREGORY INGLUT

Phone

7166626122

Tax Period

2024-01-01 to 2024-12-31

ELECTRICAL INDUSTRY EDUCATION FUND, founded in 1974, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 6% surplus.

Mission

TO PROVIDE FOR THE EDUCATION AND TRAINING OF EMPLOYEES AND OTHERS WITH REGARDS TO ALL ASPECTS OF THE ELECTRICAL INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $855,121 Revenue: $1,070,989

TO PROVIDE FOR THE EDUCATION AND TRAINING OF EMPLOYEES AND OTHERS WITH REGARDS TO ALL ASPECTS OF THE ELECTRICAL 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 (2024)

Revenue Breakdown

Contributions & Grants $5,650

Program Service Revenue $1,070,988

Investment Income $126,164

Other Revenue $1,327

TOTAL REVENUE $1,204,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,919

Fundraising Expenses $0

Program Expenses $855,121

Other Expenses $841,386

TOTAL EXPENSES $1,136,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,204,129	$946,017	+0.3%
Expenses	$1,136,305	$977,534	+0.2%
Net Income	$67,824	$-31,517	-3.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BOVE	SECRETARY	0.30	Officer Director	$0	$0	$0
MARC BRUNELLE	CHAIRMAN	0.30	Officer Director	$0	$0	$0
MATTHEW GAISER	TRUSTEE	0.30	Director	$0	$0	$0
GREGORY INGLUT	TRUSTEE	0.30	Director	$0	$0	$0
RENEE LAMONACO	TRUSTEE	0.30	Director	$0	$0	$0
ANTHONY SCIANDRA	TRUSTEE	0.30	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	$1,204,129	$1,136,305	$3,187,298	$67,824
2023	$946,017	$977,534	$3,100,690	$-31,517
2022	$887,589	$915,639	$3,065,440	$-28,050
2021	$971,682	$799,687	$3,443,415	$171,995
2020	$950,206	$726,056	$3,255,952	$224,150
2019	$824,768	$813,759	$3,088,992	$11,009
2018	$867,104	$749,753	$2,875,647	$117,351