IEC EDUCATION OF UTAH

EIN: 262410808 501(c)(3) Education

MIDVALE, UT

Total Revenue
$1,542,132
Total Expenses
$926,915
Total Assets
$2,520,188
Net Assets
$2,414,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
UT
Principal Officer
KENNETH ADAMS
Phone
8012553880
Tax Period
2025-01-01 to 2025-12-31

IEC EDUCATION OF UTAH, founded in 2008, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $615K, a strong 40% operating margin.

Mission

THE ORGANIZATION PROVIDES EDUCATIONAL OPPORTUNITIES FOR THE ELECTRICAL COMMUNITY. THESE OPPORTUNITIES INCLUDE APPRENTICE COURSES AND CONTINUING EDUCATION COURSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,487,679
Investment Income $49,631
Other Revenue $4,822
TOTAL REVENUE $1,542,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $221,677
Fundraising Expenses $0
Program Expenses $853,423
Other Expenses $249,973
TOTAL EXPENSES $926,915

Year-over-Year Comparison

2025 2024 Change
Revenue $1,542,132 $1,148,159 +0.3%
Expenses $926,915 $706,745 +0.3%
Net Income $615,217 $441,414 +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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ADAMS EXECUTIVE DI 20.00
Highest
$63,730 $20,319 $147,779
SANDI MONSEN DIR OF MKTG/ 20.00
Highest
$53,424 $0 $106,847
DAVID ALLRED BOARD MEMBER 1.00
Director
$0 $0 $0
DARREN BOLLINGBROKE BOARD MEMBER 1.00
Director
$0 $0 $0
SHELDON DALE BOARD MEMBER 1.00
Director
$0 $0 $0
BRYCE DIXON PAST PRESIDE 1.00
Officer Director
$0 $0 $0
COLIN EYRE BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN HALE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HURST BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTIN JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
BILLY JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM SMART BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN SMITH VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JOSHUA TURNBOW TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT WARD PRESIDENT 1.00
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
2025 $1,542,132 $926,915 $2,520,188 $615,217
2024 $1,148,159 $706,745 $1,804,937 $441,414
2023 $982,188 $646,406 $1,360,286 $335,782
2022 $645,001 $593,025 $1,060,451 $51,976
2021 $792,187 $495,806 $988,727 $296,381
2020 $644,063 $484,083 $694,165 $159,980
2019 $638,920 $528,911 $613,030 $110,009
2018 $543,972 $368,073 $403,611 $175,899
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