ELECTRICAL APPARATUS SERVICE ASSOCIATION INC (EIN 430647984) - 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

1938

Legal Domicile

Principal Officer

LINDA J RAYNES

Phone

3149932220

Tax Period

2024-09-01 to 2025-08-31

ELECTRICAL APPARATUS SERVICE ASSOCIATION INC, founded in 1938, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 11% surplus.

Mission

ELEVATE THE PERFORMANCE AND ACCELERATE THE SUCCESS OF THE ELECTRO-MECHANICAL INDUSTRY THROUGH WORLD-CLASS TECHNICAL SUPPORT, EDUCATION, AND INDUSTRY REPRESENTATION FOR OUR MEMBERS.

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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 $4,847,485

Investment Income $726,047

Other Revenue $247,538

TOTAL REVENUE $5,821,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,067,050

Fundraising Expenses $0

Program Expenses $3,873,952

Other Expenses $2,088,789

TOTAL EXPENSES $5,155,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,821,070	$5,170,603	+0.1%
Expenses	$5,155,839	$4,343,526	+0.2%
Net Income	$665,231	$827,077	-0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

$275,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ROSSITER	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILLY JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CULVER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HATFIELD	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BULLARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CALVIN EARP	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MILBANK	DIRECTOR	1.00	Director	$0	$0	$0
MATHIS MENZEL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIM BROWNE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KRUPP	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
DERRY SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA RAYNES	PRESIDENT/CEO	40.00	Officer	$222,832	$52,382	$275,214
CARL FIELDS	PRODUCT DEVELOPMENT MANAGE	40.00	Highest	$128,700	$9,681	$138,381
DONALD HOWELL	TECHNICAL SUPPORT SPECIALIST	40.00	Highest	$169,300	$24,168	$193,468
THOMAS BISHOP	SENIOR TECHNICAL SUPPORT SPECIALIST	40.00	Highest	$183,700	$13,531	$197,231
BENJAMIN SPIRK	CONTROLLER	40.00	Highest	$142,501	$22,457	$164,958
CHARLES YUNG	SENIOR TECHNICAL SUPPORT SPECIALIST	40.00	Highest	$182,584	$15,372	$197,956

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	$5,821,070	$5,155,839	$11,690,019	$665,231
2024	$5,170,603	$4,343,526	$10,722,317	$827,077
2023	$4,623,197	$4,180,577	$9,099,121	$442,620
2022	$4,092,412	$4,043,228	$8,707,931	$49,184
2021	$4,157,244	$3,650,159	$9,873,981	$507,085
2020	$3,657,044	$3,360,437	$8,747,870	$296,607
2019	$4,121,296	$4,091,077	$8,164,519	$30,219
2018	$4,035,563	$3,946,052	$8,204,149	$89,511

ELECTRICAL APPARATUS SERVICE ASSOCIATION INC