INTERNATIONAL ASSOC OF ELECTRICAL

EIN: 566060663

LEXINGTON, NC

Total Revenue
$53,276
Total Expenses
$66,829
Total Assets
$153,451
Net Assets
$153,451
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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
1950
Legal Domicile
NC
Principal Officer
RICHARD ROWE
Tax Period
2021-01-01 to 2021-12-31

INTERNATIONAL ASSOC OF ELECTRICAL, founded in 1950, is a micro nonprofit that reported $53K in total revenue in fiscal year 2021. Revenue surged 744% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ASSOCIATIONS MISSION IS TO PROMOTE INFORMATION SHARING AND EDUCATION AMONG RELATED PROFESSIONALS

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,923
Program Service Revenue $43,916
Investment Income $442
Other Revenue $5,995
TOTAL REVENUE $53,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,829
Other Expenses $66,829
TOTAL EXPENSES $66,829

Year-over-Year Comparison

2021 2020 Change
Revenue $53,276 $6,312 +7.4%
Expenses $66,829 $5,216 +11.8%
Net Income $-13,553 $1,096 -13.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BUCHANAN WHITT BOARD MEMBER 0.00
Director
$0 $0 $0
TONY BENTON BOARD MEMBER 0.00
Director
$0 $0 $0
DENNIS KERNODDLE BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES STEELE BOARD MEMBER 0.00
Director
$0 $0 $0
AL PARIS PAST PRESIDENT 0.00
Director
$0 $0 $0
MITCHELL BRYANT TREASURER 0.00
Officer
$0 $0 $0
JOHN WEST SECRETARY 0.00
Officer
$0 $0 $0
RICHARD ROWE PRESIDENT 0.00
Officer
$0 $0 $0
JEFF SIMPSON VICE PRESIDENT 0.00
Officer
$0 $0 $0
BRAD SHOAF VICE PRESIDENT 0.00
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
2021 $53,276 $66,829 $153,451 $-13,553
2020 $6,312 $5,216 $167,004 $1,096
2019 $105,697 $104,108 $165,908 $1,589
2018 $96,150 $83,325 $164,319 $12,825
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