National Electrical Contractors As… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

Larry K LaFave

Phone

9187499449

Tax Period

2024-01-01 to 2024-12-31

National Electrical Contractors Assn Eastern OK Chapter, founded in 1946, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $302K exceeded revenue, resulting in a 10% operating deficit.

Mission

Provide management and administrative services for the electrical contractors of Eastern Oklahoma and to promote the electrical trade.

Program Service Accomplishments

Program 1

Management and administrative services for the electrical contractors of Eastern OK and to promote the electrical trade.

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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 $82,966

Program Service Revenue $99,304

Investment Income $92,208

Other Revenue $0

TOTAL REVENUE $274,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,123

Fundraising Expenses $0

Other Expenses $187,160

TOTAL EXPENSES $302,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,478	$182,554	+0.5%
Expenses	$302,283	$261,909	+0.2%
Net Income	$-27,805	$-79,355	-0.6%

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

Total Directors

$88,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry LaFave	Executive Director	40.00	Director Highest	$88,413	$0	$88,413
Audie Strickland	President	2.00	Officer Director	$0	$0	$0
Jerry Brown	Treasurer	2.00	Officer Director	$0	$0	$0
Robert Holtz	Governor	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
2024	$274,478	$302,283	$472,525	$-27,805
2023	$182,554	$261,909	$485,996	$-79,355
2022	$108,432	$312,587	$521,833	$-204,155
2021	$254,782	$282,825	$870,765	$-28,043
2020	$484,458	$184,163	$901,617	$300,295
2019	$375,729	$145,236	$595,424	$230,493

National Electrical Contractors Assn Eastern OK Chapter