INDEPENDENT ELECTRICAL CONTRACTORS INC

EIN: 741602512

ARLINGTON, VA

Total Revenue
$6,496,225
Total Expenses
$6,607,213
Total Assets
$3,284,818
Net Assets
$1,683,797
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
VA
Principal Officer
THAYER LONG
Phone
7035497351
Tax Period
2023-01-01 to 2023-12-31

INDEPENDENT ELECTRICAL CONTRACTORS INC, founded in 1962, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2017.

Mission

TO PROMOTE AMERICA'S INDEPENDENT ELECTRICAL CONTRACTORS THROUGH THE PRINCIPLE OF FREE ENTERPRISE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,818
Program Service Revenue $6,588,912
Investment Income $-203,514
Other Revenue $29,009
TOTAL REVENUE $6,496,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,607,213
TOTAL EXPENSES $6,607,213

Year-over-Year Comparison

2023 2022 Change
Revenue $6,496,225 $3,866,229 +0.7%
Expenses $6,607,213 $4,008,541 +0.6%
Net Income $-110,988 $-142,312 -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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
30

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
6
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CECIL LEEDY PRESIDENT 1.00
Officer Director
$0 $0 $0
DON HULSEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TROY CORRIGAN IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
BRUCE KOHAN TREASURER 1.00
Officer Director
$0 $0 $0
BILLY ROSS HILL SECRETARY 1.00
Officer Director
$0 $0 $0
DON ARAGON MEMBER 1.00
Director
$0 $0 $0
GREG ANZLOVAR MEMBER 1.00
Director
$0 $0 $0
MARK CAMPBELL MEMBER 1.00
Director
$0 $0 $0
MICHAEL J GAFFNEY III MEMBER 1.00
Director
$0 $0 $0
MATT HITTINGER MEMBER 1.00
Director
$0 $0 $0
JERRY KENT MEMBER 1.00
Director
$0 $0 $0
CRAIG JONES MEMBER 1.00
Director
$0 $0 $0
ROBBIE JONES MEMBER 1.00
Director
$0 $0 $0
SCOTT JOSEPH TESON MEMBER 1.00
Director
$0 $0 $0
TOMMY MONACO MEMBER 1.00
Director
$0 $0 $0
LOUIS SCHULER MEMBER 1.00
Director
$0 $0 $0
DAVID SCOTT MEMBER 1.00
Director
$0 $0 $0
TIM WHITE MEMBER 1.00
Director
$0 $0 $0
BARRY WILLIAMS MEMBER 1.00
Director
$0 $0 $0
THAYER LONG EXECUTIVE DIRECTOR 40.00
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 No data No data No data No data
2023 $6,496,225 $6,607,213 $3,284,818 $-110,988
2022 $5,422,595 $5,349,118 $3,365,392 $73,477
2022 $3,866,229 $4,008,541 $2,458,272 $-142,312
2021 $4,728,698 $4,502,899 $3,195,715 $225,799
2020 $5,531,030 $4,956,126 $2,893,594 $574,904
2019 $4,978,038 $4,749,509 $2,789,537 $228,529
2018 $4,457,963 $4,355,517 $2,346,684 $102,446
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