NATIONAL ELECTRICAL CONTRACTORS ASS INC

EIN: 410742849

ST LOUIS PARK, MN

Total Revenue
$2,197,802
Total Expenses
$1,510,585
Total Assets
$3,514,641
Net Assets
$3,078,350
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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
1953
Legal Domicile
MN
Principal Officer
KRISTIN CAUSBY
Phone
9525911800
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ELECTRICAL CONTRACTORS ASS INC, founded in 1953, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $687K, a strong 31% operating margin.

Mission

TRADE ASSOCIATION

Program Service Accomplishments

Program 1

TO PROVIDE SERVICES TO THE ELECTRICAL CONSTRUCTION INDUSTRY IN THE MINNEAPOLIS AND SOUTHERN MINNESOTA AREA. TO PROMOTE SOUND LABOR RELATIONS ON THE BASIS OF LABOR AND MANAGEMENT COOPERATION IN THE...

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TO PROVIDE SERVICES TO THE ELECTRICAL CONSTRUCTION INDUSTRY IN THE MINNEAPOLIS AND SOUTHERN MINNESOTA AREA. TO PROMOTE SOUND LABOR RELATIONS ON THE BASIS OF LABOR AND MANAGEMENT COOPERATION IN THE PUBLIC INTEREST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,186,720
Investment Income $11,082
Other Revenue $0
TOTAL REVENUE $2,197,802

Expense Breakdown

Grants Paid $30,601
Salaries & Benefits $671,169
Fundraising Expenses $0
Other Expenses $808,815
TOTAL EXPENSES $1,510,585

Year-over-Year Comparison

2024 2023 Change
Revenue $2,197,802 $1,881,066 +0.2%
Expenses $1,510,585 $1,823,213 -0.2%
Net Income $687,217 $57,853 +10.9%
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
6
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
7
$309,982
Total Directors
17
$309,982
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG KOETZ GOVERNOR 2.00
Officer Director
$0 $0 $0
RICHARD MORRIS PRESIDENT 2.00
Officer Director
$0 $0 $0
SEAEN KOSMIDES PRESIDENT-PAST 2.00
Officer Director
$0 $0 $0
JERRY BECHER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSH SABATINO TREASURER 2.00
Officer Director
$0 $0 $0
KRISTIN CAUSBY EXECUTIVE DIRECTOR 40.00
Officer Director
$236,316 $52,758 $289,074
DAVID MANDERSON EXECUTIVE DIRECTOR-PAST 40.00
Officer Director
$18,833 $2,075 $20,908
BERT BONGARD DIRECTOR 2.00
Director
$0 $0 $0
MATT SCHMOKER DIRECTOR 2.00
Director
$0 $0 $0
LARRY STIER DIRECTOR 2.00
Director
$0 $0 $0
LUYEN LE DIRECTOR 2.00
Director
$0 $0 $0
JEFF BROWN DIRECTOR 2.00
Director
$0 $0 $0
CLINT KRUGER DIRECTOR 2.00
Director
$0 $0 $0
AARON GUNDERSON DIRECTOR 2.00
Director
$0 $0 $0
JEFF PEPER DIRECTOR 2.00
Director
$0 $0 $0
MARK BROADWATER DIRECTOR-PAST 2.00
Director
$0 $0 $0
JERRY HEIN DIRECTOR-PAST 2.00
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 $2,197,802 $1,510,585 $3,514,641 $687,217
2023 $1,881,066 $1,823,213 $2,818,096 $57,853
2022 $1,693,093 $1,669,729 $2,708,500 $23,364
2021 $1,601,210 $1,387,258 $2,504,163 $213,952
2020 $1,435,035 $1,098,573 $2,003,829 $336,462
2019 $1,417,043 $1,593,214 $1,628,196 $-176,171
2018 $1,513,872 $1,388,040 $1,747,440 $125,832
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