NATIONAL ELECTRICAL CONTRACTORS AS… - 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

1929

Legal Domicile

Phone

4196666040

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, founded in 1929, is a small nonprofit that reported $972K in total revenue in fiscal year 2024.

Mission

PROMOTE GENERAL WELFARE IN ELECTRICAL CONTRACTOR INDUSTRY

Program Service Accomplishments

Program 1

TO PROMOTE THE GENERAL WELFARE OF THE ELECTRICAL INDUSTRY AND ITS MEMBERS AND TO IMPROVE THE ELECTRICAL SERVICES RENDERED TO THE PUBLIC

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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 $820,311

Program Service Revenue $0

Investment Income $67,203

Other Revenue $84,000

TOTAL REVENUE $971,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,652

Fundraising Expenses $0

Other Expenses $543,636

TOTAL EXPENSES $1,011,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$971,514	$945,189	+0.0%
Expenses	$1,011,288	$851,229	+0.2%
Net Income	$-39,774	$93,960	-1.4%

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

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
TODD MICHAELSEN	CHAPTER MANAGER	40.00	Highest	$149,419	$42,573	$191,992
KEVIN MCCARTHY	TREASURER	1.00	Director	$0	$0	$0
DAN BOLLIN	PRESIDENT	1.00	Director	$0	$0	$0
SCOTT KORCZYNSKI	GOVERNOR	1.00	Director	$0	$0	$0
STAN CHLEBOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SUSOR	BOARD MEMBER	1.00	Director	$0	$0	$0
SPURG TEDROW	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA HOSTETLER	VICE PRESIDENT	1.00	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
2024	$971,514	$1,011,288	$1,574,535	$-39,774
2023	$945,189	$851,229	$1,607,552	$93,960
2022	$855,807	$798,494	$1,509,067	$57,313
2021	$782,716	$751,775	$1,446,594	$30,941
2020	$839,400	$642,598	$1,417,732	$196,802
2019	$781,955	$703,578	$1,218,044	$78,377
2018	$699,619	$731,407	$1,137,328	$-31,788

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION