INDEPENDENT ELECTRICAL CONTRACTORS… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

TOM ALEXANDER

Phone

7039979999

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT ELECTRICAL CONTRACTORS FOUNDATION, founded in 1996, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

TO FUND, PROMOTE, AND SUPPORT EDUCATIONAL OPPORTUNITES IN THE ELECTRICAL AND COMMUNICATIONS INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $2,157,868 Revenue: $47,075

TRAINING EQUIPMENT AND EDUCATION - THE FOUNDATION PROVIDES OPPORTUNITIES FOR INTRODUCING AND GUIDING MEN AND WOMEN TO SUCCESSFUL AND SATISFYING CAREERS IN THE ELECTRICAL AND COMMUNICATIONS INDUSTRIES...

Program 2

Expenses: $213,664

SCHOLARSHIPS - THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING AND QUALIFIED STUDENTS WHO HAVE DEMONSTRATED DRIVE, DEDICATION, AND LEADERSHIP IN THEIR PURSUIT OF CAREERS IN THE ELECTRICAL INDUSTRY...

SCHOLARSHIPS - THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING AND QUALIFIED STUDENTS WHO HAVE DEMONSTRATED DRIVE, DEDICATION, AND LEADERSHIP IN THEIR PURSUIT OF CAREERS IN THE ELECTRICAL INDUSTRY. THE FOUNDATION'S SCHOLARSHIPS ARE OFFERED TO MEMBERS OF THE INDEPENDENT ELECTRICAL CONTRACTORS, INC. ("IEC"), AN AFFILIATED ENTITY OF THE FOUNDATION, AND THEIR IMMEDIATE FAMILIES WHO PLAN TO PURSUE POST-SECONDARY EDUCATION IN COLLEGE OR STATE ACCREDITED APPRENTICESHIP PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,257,479

Program Service Revenue $47,075

Investment Income $56,932

Other Revenue $23,383

TOTAL REVENUE $2,384,869

Expense Breakdown

Grants Paid $1,827,681

Salaries & Benefits $242,025

Fundraising Expenses $7,271

Program Expenses $2,371,532

Other Expenses $492,018

TOTAL EXPENSES $2,561,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,384,869	$3,776,529	-0.4%
Expenses	$2,561,724	$4,243,534	-0.4%
Net Income	$-176,855	$-467,005	-0.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$141,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ALEXANDER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GENE MINI SR	VICE CHAIR UNTIL JAN. 2025	2.00	Officer Director	$0	$0	$0
HELENE WEBSTER	VICE CHAIR AS OF JAN. 2025	2.00	Officer Director	$0	$0	$0
LLOYD QUINNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DEAN KREDIT	TREASURER	1.00	Officer Director	$0	$0	$0
BRET MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN AKERS STANSBURY	TRUSTEE	1.00	Director	$0	$0	$0
BILL FOWLER	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH BARDOT	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY K HILL	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
FRANK MONACELLI	TRUSTEE AS OF FEB. 2025	1.00	Director	$0	$0	$0
DON FERGUSON	TRUSTEE AS OF JUNE 2024	1.00	Director	$0	$0	$0
JESSICA HAYWARD	TRUSTEE AS OF SEP. 2024	1.00	Director	$0	$0	$0
LILY REASONER	TRUSTEE AS OF FEB. 2025	1.00	Director	$0	$0	$0
TARA CANFIELD	TRUSTEE UNTIL JAN. 2025	1.00	Director	$0	$0	$0
LANA AL-AMIN	EXECUTIVE DIRECTOR	40.00	Officer	$122,162	$19,178	$141,340

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	$2,384,869	$2,561,724	$2,259,786	$-176,855
2024	$3,776,529	$4,243,534	$2,370,139	$-467,005
2023	$1,383,626	$1,566,848	$2,479,770	$-183,222
2022	$1,876,841	$1,531,944	$2,463,956	$344,897
2021	$1,132,389	$876,294	$2,373,854	$256,095
2020	$996,988	$927,557	$2,017,417	$69,431
2019	$671,958	$500,204	$1,944,134	$171,754
2018	$739,305	$554,249	$1,680,911	$185,056

INDEPENDENT ELECTRICAL CONTRACTORS FOUNDATION