National Electrical Contractor

EIN: 620451331

Cordova, TN

Total Revenue
$1,473,027
Total Expenses
$850,601
Total Assets
$3,270,768
Net Assets
$3,237,803
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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
1947
Legal Domicile
TN
Principal Officer
Zachary Casutt
Phone
9017576292
Tax Period
2024-04-01 to 2025-03-31

National Electrical Contractor, founded in 1947, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $622K, a strong 42% operating margin.

Mission

The organization serves Memphis area electrical contractors by providing training and networking opportunities through both local workshops, meetings, national conventions, and conferences.

Program Service Accomplishments

Program 1
Expenses: $634,412 Revenue: $1,322,666

Approximately 50 electrical contractors served. Amount allocated to conducting meetings and workshops, issuing publications and negotiating labor relation issues.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,650
Program Service Revenue $1,322,666
Investment Income $133,711
Other Revenue $0
TOTAL REVENUE $1,473,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $280,591
Fundraising Expenses $0
Program Expenses $634,412
Other Expenses $570,010
TOTAL EXPENSES $850,601

Year-over-Year Comparison

2024 2023 Change
Revenue $1,473,027 $1,154,525 +0.3%
Expenses $850,601 $653,120 +0.3%
Net Income $622,426 $501,405 +0.2%
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
6
Independent Members
5
Employees
2
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
6
$149,333
Total Directors
6
$149,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zachary Casutt Chapter Executive 40.00
Officer Director
$149,333 $0 $149,333
Chris McLemore Governor 1.00
Officer Director
$0 $0 $0
Melissa Beggs President 1.00
Officer Director
$0 $0 $0
Kyle Lynch Vice-President 1.00
Officer Director
$0 $0 $0
Jordan Seward Treasurer 1.00
Officer Director
$0 $0 $0
Tommy Lewis Director 1.00
Officer 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
2025 $1,473,027 $850,601 $3,270,768 $622,426
2024 $1,154,525 $653,120 $2,625,570 $501,405
2023 $557,385 $453,293 $1,867,011 $104,092
2022 $595,826 $416,616 $1,910,982 $179,210
2021 $503,013 $376,328 $1,691,166 $126,685
2020 $505,326 $412,524 $1,178,146 $92,802
2019 $553,159 $429,432 $1,245,388 $123,727
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