ILLINOIS CHAPTER NATIONAL ELECTRICAL CONTRACTORS' ASSOCIATION (EIN 370608857) - 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

1948

Legal Domicile

Principal Officer

BILLY SERBOUSEK

Phone

2175859500

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS CHAPTER NATIONAL ELECTRICAL CONTRACTORS' ASSOCIATION, founded in 1948, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $263K, a strong 15% operating margin.

Mission

ORGANIZED TO REPRESENT, PROMOTE AND ADVANCE THE INTERESTS OF THE ELECTRICAL CONTRACTING 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,458,950

Investment Income $120,475

Other Revenue $156,497

TOTAL REVENUE $1,735,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,405

Fundraising Expenses $0

Other Expenses $886,777

TOTAL EXPENSES $1,473,182

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,735,922	$1,970,692	-0.1%
Expenses	$1,473,182	$1,317,342	+0.1%
Net Income	$262,740	$653,350	-0.6%

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

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

$244,574

Total Directors

$5,914

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY GLAENZER	GOVERNOR	2.00	Officer Director	$1,770	$0	$1,770
LES BENTON	PRESIDENT	2.00	Officer Director	$3,019	$0	$3,019
RON MASTERS	VICE-PRESIDENT	2.00	Officer Director	$1,125	$0	$1,125
RODNEY FREY JR	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID RATHJE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CONDER	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW HINCHEE	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN VEST	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW EICHHOLZ	DIRECTOR	2.00	Director	$0	$0	$0
BILLY SERBOUSEK	EXECUTIVE VICE-PRESIDENT	40.00	Officer	$198,494	$40,166	$238,660
BLAINE O'CONNELL	CHAPTER ASSISTANT	40.00	Highest	$100,301	$29,531	$129,832

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	$1,735,922	$1,473,182	$6,282,184	$262,740
2024	$1,970,692	$1,317,342	$5,888,248	$653,350
2023	$1,464,782	$1,258,259	$5,066,606	$206,523
2022	$1,152,208	$1,115,335	$4,672,692	$36,873
2021	$1,425,447	$884,336	$5,023,556	$541,111
2020	$1,117,474	$835,032	$4,470,346	$282,442
2019	$1,134,606	$1,022,844	$3,979,099	$111,762
2018	$1,065,760	$986,143	$3,700,365	$79,617

ILLINOIS CHAPTER NATIONAL ELECTRICAL CONTRACTORS' ASSOCIATION