MID SOUTH INDEPENDENT ELECTRICAL CONTRACTORS INC

EIN: 621502915

BARTLETT, TN

Total Revenue
$118,626
Total Expenses
$254,556
Total Assets
$1,397,412
Net Assets
$1,192,158
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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
1992
Legal Domicile
TN
Principal Officer
KIMBERLY PERKINS
Phone
9016823546
Tax Period
2024-01-01 to 2024-06-30

MID SOUTH INDEPENDENT ELECTRICAL CONTRACTORS INC, founded in 1992, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 115% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE APPRENTICE TRAINING CLASSES AND TRADE ASSOCIATION SERVCES FOR INDEPENDENT ELECTRICAL CONTRACTORS

Program Service Accomplishments

Program 1

PROVIDES APPRENTICE TRAINING CLASSES AND TRADE ASSOCIATION SERVICES FOR INDEPENDENT ELECTRICAL CONTRACTORS

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,516
Program Service Revenue $1,435
Investment Income $9,700
Other Revenue $40,975
TOTAL REVENUE $118,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,603
Fundraising Expenses $0
Other Expenses $110,953
TOTAL EXPENSES $254,556

Year-over-Year Comparison

2023 2022 Change
Revenue $118,626 $645,251 -0.8%
Expenses $254,556 $568,703 -0.6%
Net Income $-135,930 $76,548 -2.8%
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
11
Independent Members
11
Employees
13
Volunteers
27

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY RHODES BOARD MEMBER N/A
Director
$0 $0 $0
SHANE MCCULLEY VICE PRESIDE N/A
Officer Director
$0 $0 $0
TIM SAMMARCO PRESIDENT N/A
Officer Director
$0 $0 $0
RANDY DAVIS TREASURER N/A
Officer Director
$0 $0 $0
ANDY OSBORNE BOARD MEMBER N/A
Director
$0 $0 $0
FRANK FUCHS BOARD MEMBER N/A
Director
$0 $0 $0
MATT SUMMERS BOARD MEMBER N/A
Director
$0 $0 $0
KIMBERLY PERKINS EXECUTIVE DI N/A
Officer
$0 $0 $0
AARON DENNIS BOARD MEMBER N/A
Director
$0 $0 $0
HAYES DENNEY SECRETARY N/A
Officer Director
$0 $0 $0
JONATHAN NICHOLS BOARD MEMBER N/A
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 No data No data No data No data
2024 $118,626 $254,556 $1,397,412 $-135,930
2023 $645,251 $568,703 $1,543,717 $76,548
2022 $523,810 $534,666 $1,478,588 $-10,856
2022 $538,346 $538,380 $1,489,410 $-34
2021 $707,313 $428,089 $1,498,932 $279,224
2020 $671,958 $463,950 $1,242,405 $208,008
2019 $517,605 $407,448 $770,718 $110,157
2018 $493,326 $474,360 $670,907 $18,966
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