IEC OF THE TEXAS PANHANDLE INC (EIN 752743603) - 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

1997

Legal Domicile

Principal Officer

CHRIS SUGAR

Phone

8066901124

Tax Period

2021-01-01 to 2021-12-31

IEC OF THE TEXAS PANHANDLE INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2021. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $576K represent 34 months of operating reserves.

Mission

PROVIDE TRAINING SCHOOL PROGRAM FOR ELECTRICAL APPRENTICES AND MANAGEMENT TRAINING FOR ELECTRICAL CONTRACTORS

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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 (2021)

Revenue Breakdown

Contributions & Grants $88,397

Program Service Revenue $108,151

Investment Income $200

Other Revenue $3,852

TOTAL REVENUE $200,600

Expense Breakdown

Grants Paid $19,509

Salaries & Benefits $22,779

Fundraising Expenses $12,835

Other Expenses $162,946

TOTAL EXPENSES $205,234

Year-over-Year Comparison

	2021	2020	Change
Revenue	$200,600	$431,422	-0.5%
Expenses	$205,234	$152,781	+0.3%
Net Income	$-4,634	$278,641	-1.0%

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

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

$19,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY BOLTON	EXECUTIVE DI	26.00	Director	$12,533	$0	$12,533
DEVE MCLEMORE	EXECUTIVE DI	15.00	Director	$7,297	$0	$7,297
BEN ARCHER	DIRECTOR	0.10	Director	$0	$0	$0
PARKER BURRESS	BOARD MEMBER	0.10	Director	$0	$0	$0
BOB CHAMBERS	BOARD MEMBER	0.10	Director	$0	$0	$0
CHRIS HONEA	PRESIDENT	0.50	Officer Director	$0	$0	$0
JERIMIAH MONTGOMERY	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
MIKE MORELAND	DIRECTOR	0.10	Director	$0	$0	$0
TONY MUSICK	DIRECTOR	0.10	Director	$0	$0	$0
JONATHAN PLUMLEY	DIRECTOR	0.10	Director	$0	$0	$0
CHRIS SUGAR	TREASURER	0.50	Officer Director	$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
2021	$200,600	$205,234	$583,609	$-4,634
2020	$431,422	$152,781	$581,859	$278,641

IEC OF THE TEXAS PANHANDLE INC