INDEPENDENT ELECTRICAL CONTRACTORS… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

JEFF KIRSTEIN

Phone

6052710395

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT ELECTRICAL CONTRACTORS- DAKOTAS EDUCATION FUND, founded in 2012, is a small nonprofit in the Education sector that reported $908K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATION AND TRAINING TO ELECTRICAL CONTRACT WORKERS.

Program Service Accomplishments

Program 1

Expenses: $556,848 Revenue: $845,096

PROVIDING EDUCATIONAL AND TRAINING OPPORTUNITES FOR APPROXIMATELY 85 MEMBER CONTRACTORS AND APPROXIMATELY 525 CONTRACTOR EMPLOYEE/STUDENTS.

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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 $62,500

Program Service Revenue $839,296

Investment Income $0

Other Revenue $5,800

TOTAL REVENUE $907,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,103

Fundraising Expenses $0

Program Expenses $556,848

Other Expenses $523,733

TOTAL EXPENSES $910,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,596	$637,226	+0.4%
Expenses	$910,836	$631,585	+0.4%
Net Income	$-3,240	$5,641	-1.6%

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

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
KS INDUSTRIES	DIRECTOR	1.00	Director	$0	$0	$0
DAKOTA ELECTRIC	DIRECTOR	1.00	Director	$0	$0	$0
FREEMAN'S ELECTRIC	DIRECTOR	1.00	Director	$0	$0	$0
CENTURY ELECTRIC	DIRECTOR	1.00	Director	$0	$0	$0
BAUMGARTNER'S ELECTRIC	DIRECTOR	1.00	Director	$0	$0	$0
DESIGN SOLUTIONS INTEGRATIONS	DIRECTOR	1.00	Director	$0	$0	$0
AL SUTTON ELECTRIC	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
JDP ELECTRIC	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MUTH ELECTIC	PRESIDENT	1.00	Officer	$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	$907,596	$910,836	$293,772	$-3,240
2024	No data	No data	No data	No data
2023	$506,920	$445,526	$226,600	$61,394
2022	$407,559	$403,940	$165,705	$3,619
2021	$392,927	$361,356	$197,876	$31,571
2020	$371,514	$318,864	$192,085	$52,650
2018	$274,359	$360,601	$69,038	$-86,242

INDEPENDENT ELECTRICAL CONTRACTORS- DAKOTAS EDUCATION FUND