INDEPENDENT ELECTRICAL CONTRACTORS ASSOC (EIN 611069341) - Form 990 Financial Analysis & Trantor Score

🔒

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

1984

Legal Domicile

Principal Officer

KENT MCLEMORE

Phone

5024931590

Tax Period

2023-07-01 to 2024-06-30

INDEPENDENT ELECTRICAL CONTRACTORS ASSOC, founded in 1984, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 8% surplus.

Mission

THE PURPOSE OF IEC OF KENTUCKY AND SOUTHERN INDIANA IS TO EMPOWER THE MERIT SHOP ELECTRICAL CONTRACTING COMMUNITY THROUGH SPECIALIZED TRAINING INITIATIVES. WE EXIST TO PROVIDE COMPREHENSIVE APPRENTICESHIP PROGRAMS AND CONTINUING EDUCATION OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES ENGAGED IN ELECTRICAL WORK. OUR COMMITMENT IS TO EQUIP MERIT SHOP CONTRACTORS WITH THE KNOWLEDGE, SKILLS, AND EXPERTISE NEEDED TO THRIVE IN THE DYNAMIC FIELD OF ELECTRICAL SERVICES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $33,000

Program Service Revenue $1,053,581

Investment Income $6,341

Other Revenue $4,082

TOTAL REVENUE $1,097,004

Expense Breakdown

Grants Paid $700

Salaries & Benefits $436,275

Fundraising Expenses $0

Other Expenses $573,973

TOTAL EXPENSES $1,010,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,097,004	$1,044,084	+0.1%
Expenses	$1,010,948	$1,039,679	0.0%
Net Income	$86,056	$4,405	+18.5%

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

$86,851

Total Directors

$23,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
CORY BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN CORRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WEYHING	DIRECTOR	1.00	Director	$0	$0	$0
JACK BROWN	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
RENEE MUENCH	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM KENT MCLEMORE	PRESIDENT	5.00	Officer Director	$9,046	$0	$9,046
KENNETH ADAM WEBER	DIRECTOR	1.00	Director	$6,082	$0	$6,082
BRENT MILLER	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
ERV KLEIN	LOBBYIST/DIRECTOR	5.00	Director	$0	$0	$0
ROBERT BARNETT	DIRECTOR	1.00	Director	$8,589	$0	$8,589
ERIN PRETORIUS	EXECUTIVE DIRECTOR (THRU 10/6/23)	40.00	Officer	$65,585	$9,510	$75,095
KENNETH HOERTER JR	EXECUTIVE DIRECTOR (EFF, 12/15/23)	40.00	Officer	$2,654	$56	$2,710

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	No data	No data	No data	No data
2024	$1,097,004	$1,010,948	$723,049	$86,056
2023	$1,044,084	$1,039,679	$487,549	$4,405
2022	$965,490	$1,083,013	$898,513	$-117,523
2022	$1,726,443	$1,175,926	$872,675	$550,517
2021	$1,355,709	$1,089,737	$444,721	$265,972
2020	$869,188	$828,203	$917,903	$40,985
2019	$851,602	$818,814	$957,652	$32,788
2018	$911,029	$863,581	$698,572	$47,448

INDEPENDENT ELECTRICAL CONTRACTORS ASSOC