INDEPENDENT ELECTRICAL CONTRACTORS- DAKOTAS EDUCATION FUND

EIN: 270932196 501(c)(3) Education

SIOUX FALLS, SD

Total Revenue
$907,596
Total Expenses
$910,836
Total Assets
$293,772
Net Assets
$221,430
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
SD
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 $274K in total revenue in fiscal year 2017. Expenses of $361K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE EDUCATION AND TRAINING TO ELECTRICAL CONTRACT WORKERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
26
Volunteers
25

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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