MIDWEST INDEPENDENT ELECTRICAL CONTRACTORS INC (EIN 352069505) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

DON HULSEY

Phone

2199000091

Tax Period

2023-01-01 to 2023-12-31

MIDWEST INDEPENDENT ELECTRICAL CONTRACTORS INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $269K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $231K left a modest 14% surplus.

Mission

TO ENHANCE THE INDEPENDENT ELECTRICAL CONTRACTOR'S SUCCESS BY DEVELOPING A PROFESSIONAL WORKFORCE, COMMUNICATING CLEARLY WITH THE GOVERNMENT, PROMOTING ETHICAL BUSINESS PRACTICES, AND PROVIDING LEADERSHIP FOR THE ELECTRICAL INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $95,901

Program Service Revenue $0

Investment Income $1,639

Other Revenue $171,884

TOTAL REVENUE $269,424

Expense Breakdown

Grants Paid $100

Salaries & Benefits $76,487

Fundraising Expenses $0

Program Expenses $210,271

Other Expenses $154,186

TOTAL EXPENSES $230,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,424	$213,037	+0.3%
Expenses	$230,773	$214,487	+0.1%
Net Income	$38,651	$-1,450	-27.7%

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

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD HULSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK CAMPBELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN BOENDER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF WIERS	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL RAY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF EVORIK	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE HULSEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$65,000	$0	$65,000

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	No data	No data	No data	No data
2023	$269,424	$230,773	$139,592	$38,651
2022	$213,037	$214,487	$100,941	$-1,450

MIDWEST INDEPENDENT ELECTRICAL CONTRACTORS INC