NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION OF IOWA (EIN 420663119) - 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

1947

Legal Domicile

Principal Officer

ANGELA BOWERSOX

Phone

5152782341

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION OF IOWA, founded in 1947, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 20% operating margin.

Mission

SEE FORM 990, PART III, LINE 1

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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 $36,510

Program Service Revenue $882,161

Investment Income $129,251

Other Revenue $0

TOTAL REVENUE $1,047,922

Expense Breakdown

Grants Paid $22,000

Salaries & Benefits $370,430

Fundraising Expenses $0

Program Expenses $458,778

Other Expenses $441,572

TOTAL EXPENSES $834,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,922	$863,389	+0.2%
Expenses	$834,002	$895,008	-0.1%
Net Income	$213,920	$-31,619	-7.8%

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

$225,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REAMES	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS WELLS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT HANSEN	TREASURER	2.00	Officer Director	$0	$0	$0
MARVIN POTTEBAUM	GOVERNOR	2.00	Officer Director	$0	$0	$0
TIM GERALD	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW GENTHE	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW BEMRICH	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS KECK	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS AZINGER	DIRECTOR	0.50	Director	$0	$0	$0
MATT SHAVER	MEMBER AT LARGE	0.50	Director	$0	$0	$0
ANGELA BOWERSOX	SECRETARY/MANAGER	40.00	Officer	$200,000	$25,041	$225,041

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	$1,047,922	$834,002	$2,455,991	$213,920
2023	$863,389	$895,008	$2,195,729	$-31,619
2022	$702,199	$873,711	$1,220,879	$-171,512
2021	$788,587	$770,179	$1,244,376	$18,408
2020	$692,395	$643,117	$1,250,280	$49,278
2019	$707,383	$736,698	$1,142,190	$-29,315
2018	$724,894	$773,216	$1,110,360	$-48,322

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION OF IOWA