IEC OF THE BLUEGRASS INC (EIN 611170072) - 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

1989

Legal Domicile

Principal Officer

NATHAN NELSON

Phone

8592664968

Tax Period

2024-01-01 to 2024-12-31

IEC OF THE BLUEGRASS INC, founded in 1989, is a small nonprofit that reported $616K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $682K exceeded revenue, resulting in a 11% operating deficit.

Mission

EDUCATION AND TRAINING OF ELECTRICAL CONTRACTORS AND WORKERS BY PROVIDING SUPPORT TO IEC OF THE BLUEGRASS INC.

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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 $596,207

Program Service Revenue $0

Investment Income $4,798

Other Revenue $14,649

TOTAL REVENUE $615,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,525

Fundraising Expenses $15,531

Program Expenses $358,075

Other Expenses $217,252

TOTAL EXPENSES $682,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,654	$682,022	-0.1%
Expenses	$682,190	$560,877	+0.2%
Net Income	$-66,536	$121,145	-1.5%

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

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

$151,339

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA BARNS	EXEC DIRECTOR	040.00	Key Emp Highest	$85,000	$0	$85,000
NOLENA CALK	EMPLOYEE	040.00	Key Emp	$40,192	$0	$40,192
BRANDON SLOVER	EMPLOYEE	010.00	Key Emp	$4,815	$0	$4,815
JASON WADE	EMPLOYEE	010.00	Key Emp	$4,675	$0	$4,675
RUSSELL PAGE	EMPLOYEE	010.00	Key Emp	$3,960	$0	$3,960
KENYON COOK	EMPLOYEE	020.00	Key Emp	$3,767	$0	$3,767
CHRISTOPHER FRAZIER	EMPLOYEE	010.00	Key Emp	$3,700	$0	$3,700
CHRIS WARREN ADAMS	EMPLOYEE	040.00	Key Emp	$3,340	$0	$3,340
TILER CROSS	EMPLOYEE	010.00	Key Emp	$1,890	$0	$1,890
NATHAN NELSON	PRESIDENT	010.00	Officer Director	$0	$0	$0
A J HORVATH	SECRETARY	005.00	Officer Director	$0	$0	$0
BRANDON KISER	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
TIM ROBERTSON	TREASURER	005.00	Officer Director	$0	$0	$0
JASON STAPLES	DIRECTOR	005.00	Director	$0	$0	$0
JEREMY STARNS	DIRECTOR	005.00	Director	$0	$0	$0
KEITH GRUPKE	DIRECTOR	005.00	Director	$0	$0	$0
ADAM TERRY	DIRECTOR	005.00	Director	$0	$0	$0
GEORGE HALL	DIRECTOR	005.00	Director	$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	$615,654	$682,190	$556,054	$-66,536
2023	$682,022	$560,877	$845,438	$121,145
2022	$414,813	$539,942	$617,161	$-125,129
2021	$462,516	$399,626	$772,173	$62,890
2020	$412,120	$344,867	$740,328	$67,253
2019	$429,491	$370,769	$698,905	$58,722
2018	$381,162	$321,822	$664,367	$59,340

IEC OF THE BLUEGRASS INC