IEC OF UTAH (EIN 481273742) - 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

2003

Legal Domicile

Principal Officer

SCOTT WARD

Phone

8012553880

Tax Period

2024-01-01 to 2024-12-31

IEC OF UTAH, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $947K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROMOTES EDUCATIONAL AND NETWORKING OPPORTUNITIES FOR ELECTRICAL CONTRACTORS AND ASSOCIATE MEMBERS NOT CONNECTED WITH ANY FORM OF UNION. SUPPORT IS PROVIDED THROUGH EDUCATIONAL MATERIAL, EDUCATIONAL SEMINARS, AND VARIOUS GROUP EVENTS.

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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 $291,853

Program Service Revenue $587,725

Investment Income $13,810

Other Revenue $54,096

TOTAL REVENUE $947,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,614

Fundraising Expenses $0

Program Expenses $861,276

Other Expenses $314,737

TOTAL EXPENSES $934,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$947,484	$839,947	+0.1%
Expenses	$934,030	$780,269	+0.2%
Net Income	$13,454	$59,678	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ADAMS	COORD DIRECT	20.00	Highest	$75,346	$0	$150,692
DAVID ALLRED	BOARD MEMBER	1.00	Director	$0	$0	$0
DARREN BOLLINGBROKE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELDON DALE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYCE DIXON	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
COLIN EYRE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HURST	BOARD MEMBER	1.00	Director	$0	$0	$0
DUSTIN JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM SMART	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN SMITH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOSHUA TURNBOW	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT WARD	PRESIDENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$947,484	$934,030	$634,739	$13,454
2023	$839,947	$780,269	$608,037	$59,678
2022	$864,067	$854,017	$549,172	$10,050
2021	$662,545	$563,279	$558,321	$99,266
2020	$674,055	$532,475	$439,069	$141,580
2019	$544,333	$440,963	$308,396	$103,370
2018	$493,095	$487,667	$198,067	$5,428

IEC OF UTAH