CAROLINAS ELECTRICAL CONTRACTORS ASSOCIATION INC (EIN 560521364) - 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

1946

Legal Domicile

Principal Officer

SUE GIBBS

Phone

7043634960

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS ELECTRICAL CONTRACTORS ASSOCIATION INC, founded in 1946, is a small nonprofit that reported $397K in total revenue in fiscal year 2024. Net assets of $865K represent 26 months of operating reserves.

Mission

TO ASSIST AND PROMOTE THE COLLECTIVE INTERESTS OF THE ELECTRICAL CONTRACTOR, BY FACILITATING AND COORDINATING ACTIVITIES THAT ENHANCE THE ELECTRICAL INDUSTRY IN THE CAROLINAS.

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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 $8,100

Program Service Revenue $302,238

Investment Income $33,102

Other Revenue $53,429

TOTAL REVENUE $396,869

Expense Breakdown

Grants Paid $33,451

Salaries & Benefits $175,070

Fundraising Expenses $0

Other Expenses $224,975

TOTAL EXPENSES $433,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,869	$373,149	+0.1%
Expenses	$433,496	$327,079	+0.3%
Net Income	$-36,627	$46,070	-1.8%

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

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
DONNIE BELK	TREASURER	N/A	Officer Director	$0	$0	$0
PHIL CAMPOLO	PRESIDENT	N/A	Director	$0	$0	$0
MICHAEL CHAPMAN	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
SCOTT COLTER	IMMED PAST P	N/A	Officer Director	$0	$0	$0
RON HINSON	SECRETARY	N/A	Officer Director	$0	$0	$0
TOM JACKSON	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
SUE GIBBS	EXECUTIVE DI	N/A	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
2024	$396,869	$433,496	$882,231	$-36,627
2023	$373,149	$327,079	$888,825	$46,070
2022	$320,740	$306,690	$819,504	$14,050
2021	$308,310	$287,443	$822,211	$20,867
2020	$237,593	$224,307	$780,435	$13,286
2019	$320,834	$292,121	$760,463	$28,713
2018	$296,872	$264,948	$684,436	$31,924

CAROLINAS ELECTRICAL CONTRACTORS ASSOCIATION INC