LINCOLN ELECTRICAL CONTRACTORS ASSOCIATION

EIN: 470461460 501(c)(3) Education

LINCOLN, NE

Total Revenue
$865,870
Total Expenses
$524,541
Total Assets
$1,168,269
Net Assets
$1,149,602
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NE
Principal Officer
ROY LAMB II
Phone
4024234519
Tax Period
2024-07-01 to 2025-06-30

LINCOLN ELECTRICAL CONTRACTORS ASSOCIATION, founded in 1959, is a small nonprofit in the Education sector that reported $866K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $341K, a strong 39% operating margin.

Mission

THE ASSOCIATION WAS FORMED SOLELY AND EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN AND PROGRAMS IN FURTHERANCE THEREOF. IT IS TO DEFRAY THE COSTS OF APPRENTICESHIP AND TRAINING PROGRAMS ESTABLISHED UNDER PROVISIONS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (IBEW) LOCAL NO. 265 AND THE NEBRASKA CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (NECA).

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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 $823,814
Investment Income $39,043
Other Revenue $3,013
TOTAL REVENUE $865,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $181,896
Fundraising Expenses $0
Program Expenses $274,400
Other Expenses $342,645
TOTAL EXPENSES $524,541

Year-over-Year Comparison

2024 2023 Change
Revenue $865,870 $590,888 +0.5%
Expenses $524,541 $483,708 +0.1%
Net Income $341,329 $107,180 +2.2%
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

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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
8
Independent Members
8
Employees
5
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
4
$98,152
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SCHEEL CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN WHITMER SECRETARY - 1.00
Officer Director
$0 $0 $0
STEVE STRUNK SECRETARY - 1.00
Officer Director
$0 $0 $0
MIKE ORF TRUSTEE 1.00
Director
$0 $0 $0
TOM EMERSON TRUSTEE 1.00
Director
$0 $0 $0
BRIAN RIDDER TRUSTEE 1.00
Director
$0 $0 $0
DOUG AMEN TRUSTEE 1.00
Director
$0 $0 $0
DON HOLMAN TRUSTEE 1.00
Director
$0 $0 $0
ROY LAMB II TRAINING DIR 40.00
Officer
$82,791 $15,361 $98,152
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 $865,870 $524,541 $1,168,269 $341,329
2024 $590,888 $483,708 $821,581 $107,180
2023 $487,737 $398,089 $712,073 $89,648
2022 $473,109 $389,646 $628,501 $83,463
2021 $359,086 $340,745 $544,164 $18,341
2020 $345,618 $345,978 $519,403 $-360
2019 $384,006 $348,784 $517,961 $35,222
2018 $379,247 $327,687 $486,849 $51,560
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