INDEPENDENT ELECTRICAL CONTRACTORS OF TEXAS GULF COAST INC (EIN 741503969) - 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

1983

Legal Domicile

Principal Officer

CHARLIE PFEIFFER

Phone

7138691976

Tax Period

2023-09-01 to 2024-08-31

INDEPENDENT ELECTRICAL CONTRACTORS OF TEXAS GULF COAST INC, founded in 1983, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 15% surplus.

Mission

TO SUPPORT A PROGRAM OF CONTINUING EDUCATION FOR APPRENTICE, JOURNEYMEN AND MASTER ELECTRICIANS, TO ENCOURAGE HIGH STANDARDS OF PROFESSIONAL CONDUCT FOR ELECTRICIANS, AND TO PROMOTE A SAFE WORK ENVIRONMENT THROUGH BOTH TRAINING AND CHAPTER FUNCTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,685,634

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,685,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $900,543

Fundraising Expenses $0

Program Expenses $3,134,888

Other Expenses $2,234,345

TOTAL EXPENSES $3,134,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,685,634	$2,996,139	+0.2%
Expenses	$3,134,888	$2,981,029	+0.1%
Net Income	$550,746	$15,110	+35.4%

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

N/A

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
CHARLIE PFEIFFER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ROSAS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN COLWELL	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE GASKE	ADVISORY BOARD CHAIRMAN	1.00	Director	$0	$0	$0
CLAUDE CHEATWOOD	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
TOMMY BRANDUM	BOARD POSITION #2	1.00	Director	$0	$0	$0
SEAN GILSTRAP	BOARD POSITION #3	1.00	Director	$0	$0	$0
JEFF BURKE	A&T CHAIRMAN	1.00	Director	$0	$0	$0
CRAIG FORNER	BOARD POSITION #1	1.00	Director	$0	$0	$0
HELENE WEBSTER	EXECUTIVE DIRECTOR	40.00	Highest	$173,055	$0	$173,055

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	$3,685,634	$3,134,888	$2,609,784	$550,746
2023	$2,996,139	$2,981,029	$826,543	$15,110
2022	$2,695,543	$2,862,575	$698,962	$-167,032
2021	$2,819,952	$2,684,884	$839,445	$135,068
2020	$2,467,378	$2,686,570	$854,364	$-219,192
2019	$2,884,550	$2,847,241	$756,307	$37,309
2018	$2,659,125	$2,839,324	$1,121,908	$-180,199

INDEPENDENT ELECTRICAL CONTRACTORS OF TEXAS GULF COAST INC