National Electrical Contractor (EIN 620451331) - 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

1947

Legal Domicile

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 and meetings and national conventions and conferences.

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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 $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

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

$149,333

Total Directors

$149,333

Key Employees

Highest Compensated

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

National Electrical Contractor