IEC EDUCATION OF UTAH

🔒

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

2008

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $853,423 Revenue: $1,487,679

THE ORGANIZATION PROVIDES EDUCATIONAL OPPORTUNITIES FOR ELECTRICAL APPRENTICES THROUGH LIVE AND ONLINE INSTRUCTION CLASSES.

🔒

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 (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

🔒

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

Total Directors

Key Employees

Highest Compensated

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