Independent Electrical Contractors (EIN 730944018) - 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

1961

Legal Domicile

Principal Officer

Mike Bass

Phone

4053190800

Tax Period

2024-01-01 to 2024-12-31

Independent Electrical Contractors, founded in 1961, is a small nonprofit that reported $201K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $184K left a modest 9% surplus.

Mission

Hold seminars for electrical regulations as required by Oklahoma law. Seminars reached over 200 individuals through December, 2009. Setting up apprentice programs and lobbying regulations.

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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 $0

Program Service Revenue $195,789

Investment Income $0

Other Revenue $5,057

TOTAL REVENUE $200,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,751

Fundraising Expenses $0

Other Expenses $67,980

TOTAL EXPENSES $183,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,846	$281,214	-0.3%
Expenses	$183,731	$287,852	-0.4%
Net Income	$17,115	$-6,638	-3.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Cooke	Trustee	001.00	Director	$0	$0	$0
David Williams	Trustee	001.00	Director	$0	$0	$0
Jack Bradley	ATC Chairman	001.00	Director	$0	$0	$0
Mitch Allen	Trustee	001.00	Director	$0	$0	$0
John Woodworth	Immediate Past President	001.00	Director	$0	$0	$0
Tadd Bliss	Trustee	001.00	Director	$0	$0	$0
Josh Sweet	Vice President	001.00	Officer	$0	$0	$0
Tadd Bliss Jr	Treasurer	001.00	Officer	$0	$0	$0
Justin Hopkins	Secretary	001.00	Officer	$0	$0	$0
Mike Bass	President	001.00	Officer	$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	$200,846	$183,731	$221,411	$17,115
2023	$281,214	$287,852	$208,459	$-6,638
2022	$239,598	$238,767	$209,735	$831
2021	$241,670	$251,183	$202,645	$-9,513
2020	$247,082	$234,075	$224,970	$13,007
2019	$241,078	$244,260	$217,344	$-3,182
2018	$240,751	$252,980	$224,366	$-12,229

Independent Electrical Contractors