TWIN PORTS-ARROWHEAD(DULUTH) NATL ELECTRICAL CONTRACTORS ASSOC (EIN 410797137) - 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

Legal Domicile

Principal Officer

DAVE HORVATH

Phone

2187228115

Tax Period

2024-01-01 to 2024-12-31

TWIN PORTS-ARROWHEAD(DULUTH) NATL ELECTRICAL CONTRACTORS ASSOC is a small nonprofit that reported $688K in total revenue in fiscal year 2024. Expenses of $632K left a modest 8% surplus.

Mission

PROVIDE A COLLECTIVE VOICE FOR ALL ELECTRICAL CONTRACTORS WORKING IN NE MN AND NW WI. PROVIDE PUBLIC AWARENESS OF THE ELECTRICAL INDUSTRY, TRAINING FOR ELECTRICAL WORKERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $627,708

Investment Income $60,231

Other Revenue $358

TOTAL REVENUE $688,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,339

Fundraising Expenses $0

Other Expenses $301,461

TOTAL EXPENSES $631,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$688,297	$712,935	0.0%
Expenses	$631,800	$516,260	+0.2%
Net Income	$56,497	$196,675	-0.7%

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

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

$23,540

Total Directors

$23,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK ATKINS	SECRETARY/EX	20.00	Officer Director	$23,540	$0	$23,540
RICK HART	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HORVATH	PRESIDENT	1.00	Officer Director	$0	$0	$0
LANCE JOHNSON	GOVERNOR	1.00	Officer Director	$0	$0	$0
CHRIS KROOK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE PEARCE	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	$688,297	$631,800	$1,491,096	$56,497
2023	$712,935	$516,260	$1,278,266	$196,675
2022	$602,472	$512,984	$1,034,575	$89,488
2021	$552,546	$477,419	$1,231,226	$75,127
2020	$416,238	$450,974	$930,034	$-34,736
2019	$423,721	$433,387	$932,410	$-9,666
2018	$417,699	$346,546	$863,685	$71,153

TWIN PORTS-ARROWHEAD(DULUTH) NATL ELECTRICAL CONTRACTORS ASSOC