CENTRAL VIRGINIA ELECTRICAL CONTRA… - Form 990 Financial Data

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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

1987

Legal Domicile

Phone

8043291000

Tax Period

2024-07-01 to 2025-06-30

CENTRAL VIRGINIA ELECTRICAL CONTRACTORS ASSOCIATIO, founded in 1987, is a small nonprofit that reported $390K in total revenue in fiscal year 2024. Expenses of $350K left a modest 10% surplus.

Mission

THE ORGANIZATION SUPPORTS ELECTRICAL CONTRACTORS VIA APPRENTICESHIP PROGRAMS AND MEMBERSHIP

Program Service Accomplishments

Program 1

Expenses: $310,118 Revenue: $357,232

THE CVECA PLEDGES TO SUPPORT THE RELATED TRAINING OF APPRENTICES IN ORDER TO IMPROVE THE QUALITY OF KNOWLEDGE OF THE INDUSTRY AMONG OUR EMPLOYEES, TO IMPROVE THE QUALITY AND QUANTITY OF WORKMANSHIP OF THESE APPRENTICES, TO CREATE A STANDARD OF RELATED TRAINING, AND TO ESTABLISH THE INTENTIONS OF CVECA IN THE REGULATION OF THIS APPRENTICESHIP PROGRAM. OUR STANDARDS OF APPRENTICESHIP GOVERN THESE OBJECTIVES.

Program 2

Expenses: $37,280 Revenue: $32,700

THE MISSION OF THE CVECA: THE CVECA IS DEDICATED TO ENHANCING THE INDUSTRY THROUGH THE PROCESS OF CONTINUING EDUCATION AND LABOR RELATIONS. THIS ORGANIZATION IS THE HEART AND SOUL OF THE AREAS...

THE MISSION OF THE CVECA: THE CVECA IS DEDICATED TO ENHANCING THE INDUSTRY THROUGH THE PROCESS OF CONTINUING EDUCATION AND LABOR RELATIONS. THIS ORGANIZATION IS THE HEART AND SOUL OF THE AREAS ELECTRICAL CONTRACTING INDUSTRY STRIVING TO PROMOTE HIGHER STANDARDS OF WORK, QUALITY WORKMANSHIP, AND A BETTER WORKING ENVIRONMENT.

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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 $32,700

Program Service Revenue $357,232

Investment Income $5

Other Revenue $0

TOTAL REVENUE $389,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,393

Fundraising Expenses $0

Program Expenses $347,398

Other Expenses $61,623

TOTAL EXPENSES $350,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$389,937	$405,889	0.0%
Expenses	$350,016	$310,980	+0.1%
Net Income	$39,921	$94,909	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE CLINE	TRAINING DIRECTOR	4.00	Officer	$0	$0	$0
JAMES TAYLOR	PRESIDENT	2.00	Officer	$0	$0	$0
JULIE HARRIS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARTINE HARRIS	SECRETARY	2.00	Officer	$0	$0	$0
ROBERT BECKSTOFFER	TREASURER	2.00	Officer	$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	$389,937	$350,016	$268,540	$39,921
2024	$405,889	$310,980	$231,755	$94,909
2023	$254,851	$263,012	$135,897	$-8,161
2022	$222,966	$243,300	$143,036	$-20,334
2021	$256,223	$237,667	$163,370	$18,556
2020	$221,928	$204,506	$142,210	$17,422

CENTRAL VIRGINIA ELECTRICAL CONTRACTORS ASSOCIATIO