NATIONAL ELECTRICAL CONTRACTORS ASSOC NEBRASKA CHAPTER (EIN 470348242) - 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

1945

Legal Domicile

Principal Officer

MICHAEL BUNACH

Phone

4023975105

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSOC NEBRASKA CHAPTER, founded in 1945, is a small nonprofit that reported $939K in total revenue in fiscal year 2023. The organization ran a surplus of $291K, a strong 31% operating margin.

Mission

TO PROMOTE THE SERVICES AND QUALITY OF WORK OF OUR MEMBERS AND TO OUR COMMUNITITES, AND TO EXPAND THE POTENTIAL FOR BUSINESS OPPORTUNITIES. NECA PROVIDES ITS MEMBERS WITH MANY SERVICES AND PROGRAMS BUT NONE MORE IMPORTANT THAN LABOR RELATIONS, ADVOCACY AND EDUCATION. THE ASSOCIATION OFFERS SUPPORT IN THE AREAS OF SAFETY, INNOVATION, BUSINESS, AND LEADERSHIP DEVELOPMENT, AND NETWORKING OPPORTUNITIES THROUGH VARIOUS MEETINGS AND EVENTS, IN ORDER TO ENSURE THE SUCCESS OF OUR INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $922,795

Investment Income $16,634

Other Revenue $0

TOTAL REVENUE $939,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,342

Fundraising Expenses $0

Program Expenses $315,204

Other Expenses $422,991

TOTAL EXPENSES $648,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$939,429	$919,933	+0.0%
Expenses	$648,333	$726,124	-0.1%
Net Income	$291,096	$193,809	+0.5%

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

$94,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN SMITH	GOVERNOR	1.00	Officer Director	$0	$0	$0
NEIL DAVIDSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD BECKER	OMAHA DIVISION PRESIDENT	1.00	Officer Director	$0	$0	$0
MICAH EDSON	LINCOLN DIVISION PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON TAGGE	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSH KALLSEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL SCHEEL	DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL BUNACH	EXECUTIVE DIRECTOR	40.00	Officer	$78,387	$15,649	$94,036
ALLAN HALE	EXECUTIVE DIRECTOR	40.00	Officer	$250	$0	$250

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	$939,429	$648,333	$1,449,231	$291,096
2022	$919,933	$726,124	$1,119,258	$193,809
2021	$694,578	$588,186	$933,883	$106,392
2020	$696,906	$531,134	$828,200	$165,772
2019	$652,801	$573,292	$643,226	$79,509
2018	$517,039	$475,384	$548,267	$41,655

NATIONAL ELECTRICAL CONTRACTORS ASSOC NEBRASKA CHAPTER