LUBBOCK CHAPTER OF INDEPENDENT ELECTRICAL CONTRACTORS INC (EIN 751836863) - 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

1978

Legal Domicile

Principal Officer

MIKE TEMPLE JR

Phone

8067983660

Tax Period

2024-01-01 to 2024-12-31

LUBBOCK CHAPTER OF INDEPENDENT ELECTRICAL CONTRACTORS INC, founded in 1978, is a small nonprofit that reported $343K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 33% operating margin.

Mission

PROVIDE EDUCATIONAL TRAINING IN THE TRADE OF ELECTRICIANS.

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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 $57,386

Program Service Revenue $282,709

Investment Income $8,143

Other Revenue $-5,245

TOTAL REVENUE $342,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,232

Fundraising Expenses $0

Other Expenses $149,942

TOTAL EXPENSES $230,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,993	$306,519	+0.1%
Expenses	$230,174	$271,062	-0.2%
Net Income	$112,819	$35,457	+2.2%

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

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

$40,000

Total Directors

$2,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE TEMPLE JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK CHAPMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY BROWN	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
CHESTER WALKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CLARK	ASSOCIATE DIRECTOR	2.00	Director	$2,887	$0	$2,887
LESLIE YATES	EXECUTIVE DIRECTOR	40.00	Officer	$40,000	$0	$40,000

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	$342,993	$230,174	$420,168	$112,819
2023	$306,519	$271,062	$307,005	$35,457
2022	$268,220	$212,348	$277,207	$55,872
2021	$198,927	$188,940	$215,458	$9,987
2020	$187,888	$167,276	$206,605	$20,612
2019	$173,457	$164,388	$185,135	$9,069
2018	$217,370	$185,283	$176,488	$32,087

LUBBOCK CHAPTER OF INDEPENDENT ELECTRICAL CONTRACTORS INC