ELECTRICAL CONTRACTORS' ASSOCIATIO… - 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

1903

Legal Domicile

Principal Officer

MARK THOMAS

Phone

7085310022

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL CONTRACTORS' ASSOCIATION CITY OF CHICAGO, founded in 1903, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROTECTING AND FURTHERING THE MEMBERS' (PRINCIPALLY VARIOUS ELECTRICAL CONTRACTORS OPERATING IN THE CHICAGO AREA) COMMON INTERESTS AND IMAGE.

Program Service Accomplishments

Program 1

Expenses: $2,240,871 Revenue: $2,969,282

TO PROTECT THE MEMBERS' COMMON INTEREST IN SOUND LABOR RELATIONS, TRAINING OF APPRENTICES, AND SUPPORT THE STANDARDS SET FORTH BY THE NATIONAL ELECTRICAL CODE.

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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 $0

Program Service Revenue $2,969,282

Investment Income $6,891

Other Revenue $0

TOTAL REVENUE $2,976,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,697,244

Fundraising Expenses $0

Program Expenses $2,240,871

Other Expenses $1,634,463

TOTAL EXPENSES $3,331,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,976,173	$2,842,941	+0.0%
Expenses	$3,331,707	$2,882,242	+0.2%
Net Income	$-355,534	$-39,301	+8.0%

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

$594,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK THOMAS	EXEC VP/SECR	40.00	Officer	$358,121	$236,181	$594,302
TIMOTHY TAYLOR	ASST. MANAGE	40.00	Highest	$163,432	$112,218	$275,650
ELBERT WALTERS	DIRECTOR	0.00	Highest	$42,469	$80,568	$275,629
GINA FLORO	OFFICE MANAG	30.00	Highest	$139,667	$104,878	$244,545
CARRIE SPAETH	ASST. MANAGE	25.00	Highest	$171,203	$63,651	$234,854
SAMUEL LACHER	ASST. MANAGE	25.00	Highest	$113,733	$19,494	$133,227
KATIE CANINO	V.P. AND TRE	1.00	Officer Director	$0	$0	$0
STEVEN DIAMOND	DIRECTOR	1.00	Director	$0	$0	$0
KENDRA DINKINS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FIMBIANTI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MALLORY GURTZ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CULLEN III	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A JAMERSON	GOVERNOR	1.00	Officer Director	$0	$0	$0
JERRY MCGLYNN	DIRECTOR	1.00	Director	$0	$0	$0
GARY MISICKA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC NIXON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PEDERGNANA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS RIVI	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS SANTORO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SCHULT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHWARZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WITZ	DIRECTOR	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	No data	No data	No data	No data
2023	$2,976,173	$3,331,707	$5,684,844	$-355,534
2022	$2,842,941	$2,882,242	$5,291,087	$-39,301
2021	$3,260,604	$2,837,347	$6,537,476	$423,257
2020	$2,741,428	$2,394,522	$6,169,717	$346,906
2019	$2,936,523	$2,582,610	$5,437,626	$353,913
2018	$2,813,349	$2,539,011	$4,747,099	$274,338

ELECTRICAL CONTRACTORS' ASSOCIATION CITY OF CHICAGO