NORTH CENTRAL ELECTRICAL LEAGUE INC

EIN: 410445720

BLOOMINGTON, MN

Total Revenue
$567,311
Total Expenses
$435,042
Total Assets
$790,888
Net Assets
$771,935
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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
1945
Legal Domicile
MN
Principal Officer
ABBY ANDVIK
Phone
9528544405
Tax Period
2023-01-01 to 2023-12-31

NORTH CENTRAL ELECTRICAL LEAGUE INC, founded in 1945, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 23% operating margin.

Mission

NCEL WORKS FOR THE OVERALL ADVANCEMENT OF THE ELECTRICAL INDUSTRY IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA, AND WISCONSIN BY PROVIDING DISCUSSION FORUMS ON HOT TOPICS AND OFFERING VARIOUS OUTLETS FOR PEER INTEREACTION.

Program Service Accomplishments

Program 1

ELECTRICAL TRADE SHOW AND MEETINGS USED TO UPDATE AND EDUCATE MEMBERSHIP ON ADVANCES IN THE INDUSTRY AND PROMOTE THE INDUSTRY.

Program 2

SCHOLARSHIPS PROVIDED TO COLLEGE STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $542,046
Investment Income $25,265
Other Revenue $0
TOTAL REVENUE $567,311

Expense Breakdown

Grants Paid $35,035
Salaries & Benefits $269,537
Fundraising Expenses $0
Other Expenses $130,470
TOTAL EXPENSES $435,042

Year-over-Year Comparison

2023 2022 Change
Revenue $567,311 $297,817 +0.9%
Expenses $435,042 $412,562 +0.1%
Net Income $132,269 $-114,745 -2.2%
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

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Governance

Voting Members
13
Independent Members
12
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
4
$113,000
Total Directors
13
$113,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF STARKMAN CHAIR 0.00
Officer Director
$0 $0 $0
KYLE BRENDEFUR VICE CHAIR 0.00
Officer Director
$0 $0 $0
ANDY GIEFER TREASURER 0.00
Director
$0 $0 $0
ABBY ANDVIK SECRETARY 40.00
Officer Director
$113,000 $0 $113,000
TOM QUINN PAST CHAIR 0.00
Director
$0 $0 $0
KELLY BLOCH DIRECTOR 0.00
Director
$0 $0 $0
BYRON FERGUSON DIRECTOR 0.00
Director
$0 $0 $0
DAN GUNDERSON DIRECTOR 0.00
Director
$0 $0 $0
SEAEN KOSMIDES DIRECTOR 0.00
Director
$0 $0 $0
CHAD KURDI DIRECTOR 0.00
Officer Director
$0 $0 $0
ALEX PIWOSCHUK DIRECTOR 0.00
Director
$0 $0 $0
DERRICK SCHLANGEN DIRECTOR 0.00
Director
$0 $0 $0
TAYLOR WIECHERT DIRECTOR 0.00
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 $567,311 $435,042 $790,888 $132,269
2022 $297,817 $412,562 $603,037 $-114,745
2021 $607,660 $400,298 $794,432 $207,362
2020 $375,033 $448,458 $621,523 $-73,425
2019 $346,536 $479,634 $624,068 $-133,098
2018 $595,281 $448,686 $696,407 $146,595
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