RED RIVER VALLEY CHAPTER NATL ELEC… - 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

1959

Legal Domicile

Principal Officer

CHERYL HOLUB

Phone

9407616020

Tax Period

2023-01-01 to 2023-12-31

RED RIVER VALLEY CHAPTER NATL ELECTRICAL CONTRACTORS ASSOC, founded in 1959, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 24% operating margin.

Mission

TO FACILITATE THE COLLECTIVE VOICE OF THE ELECTRICAL CONTRACTORS IN THE CHAPTER AREA; COLLECT BUSINESS DATA FROM MEMBERS FOR PROPER PRESENTATION TO NATIONAL BODIES; TO PROMOTE PROGRAMS OF PRACTICAL TRAINING AND RELATED INSTRUCTION FOR APPRENTICES AND ADVANCED TRAINING FOR JOURNEYMEN; AND TO SUPPORT NATIONAL ELECTRICAL CODE INSTALLATION STANDARDS.

Program Service Accomplishments

Program 1

TO SERVE ELECTRICAL CONTRACTORS BY INFORMING THEM AND GIVING THEM A MEANS OF EXPRESSING THIER VIEWS AND PROVIDING LEADERSHIP. TO FURTHER SERVE THE CONTRACTORS BY PROVIDING EDUCATION TO PEOPLE...

TO SERVE ELECTRICAL CONTRACTORS BY INFORMING THEM AND GIVING THEM A MEANS OF EXPRESSING THIER VIEWS AND PROVIDING LEADERSHIP. TO FURTHER SERVE THE CONTRACTORS BY PROVIDING EDUCATION TO PEOPLE CONNECTED WITH THE ELECTRICAL INDUSTRY IN THE GENERAL LEADERSHIP. TO PROVIDE ADMINISTRATION ON THE ELECTRICAL CONTRACTORS BENEFIT FUND ON A LOCAL LEVEL.

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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 $193,846

Investment Income $15,112

Other Revenue $9,829

TOTAL REVENUE $218,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,261

Fundraising Expenses $0

Other Expenses $70,728

TOTAL EXPENSES $165,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,787	$151,299	+0.4%
Expenses	$165,528	$153,674	+0.1%
Net Income	$53,259	$-2,375	-23.4%

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

$52,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL HOLUB	EXECUTIVE DI	40.00	Officer	$52,240	$0	$52,240
BOYD BURLESON	DIRECTOR	1.00	Director	$0	$0	$0
MATT MCMAHEN	DIRECTOR	1.00	Director	$0	$0	$0
GREG GILLELAND	VICE-PRESIDE	1.00	Officer	$0	$0	$0
MARVIN GROVES II	GOVERNOR	1.00	Officer	$0	$0	$0
LUKE OECHSNER	PRESIDENT	1.00	Officer	$0	$0	$0
DANNY SHINE	TREASURER	1.00	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	$218,787	$165,528	$658,685	$53,259
2022	$151,299	$153,674	$607,211	$-2,375
2021	$144,758	$135,913	$616,550	$8,845
2020	$189,752	$120,574	$609,227	$69,178
2019	$164,653	$135,792	$528,120	$28,861
2018	$142,194	$137,255	$496,766	$4,939

RED RIVER VALLEY CHAPTER NATL ELECTRICAL CONTRACTORS ASSOC