LOUISVILLE CHAPTER NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (EIN 610703525) - 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

1935

Legal Domicile

Principal Officer

MICHAEL BUCKMAN

Phone

5028932713

Tax Period

2025-01-01 to 2025-12-31

LOUISVILLE CHAPTER NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, founded in 1935, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $312K, a strong 29% operating margin.

Mission

TO SERVE MANAGEMENT INTEREST OF THE ENTIRE ELECTRICAL CONTRACTING INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $37,200

Program Service Revenue $944,590

Investment Income $76,243

Other Revenue $0

TOTAL REVENUE $1,058,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,534

Fundraising Expenses $0

Other Expenses $484,924

TOTAL EXPENSES $746,458

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,058,033	$1,704,381	-0.4%
Expenses	$746,458	$729,094	+0.0%
Net Income	$311,575	$975,287	-0.7%

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

$90,884

Total Directors

$90,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY GEORGE JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN LASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES E STRANGE III	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER BREWER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GROSS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT DAUGHERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
HAYNES PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE HEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BUCKMAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$80,761	$10,123	$90,884
JOSH QUINN	FORMER EXECUTIVE VICE PRESIDENT	40.00		$34,569	$3,476	$38,045

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	$1,058,033	$746,458	$3,460,222	$311,575
2024	$1,704,381	$729,094	$3,149,727	$975,287
2023	$991,095	$566,697	$2,169,758	$424,398
2022	$682,608	$558,164	$1,749,681	$124,444
2021	$686,383	$473,476	$1,624,751	$212,907
2020	$591,470	$400,623	$1,412,973	$190,847

LOUISVILLE CHAPTER NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION