INDEPENDENT ELECTRICAL CONTRACTORS DALLAS CHAPTER (EIN 756043850) - 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

1974

Legal Domicile

Principal Officer

JEROLD NICHOLS

Phone

9725501133

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT ELECTRICAL CONTRACTORS DALLAS CHAPTER, founded in 1974, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE IT'S MEMBERS AND THE ELECTRICAL INDUSTRY WITH INFORMATION, SERVICES, AND EDUCATION TO FURTHER ADVANCE THE INDUSTRY AND IT'S MEMBERS. THE CHAPTER'S RESPONSIBILITIES ARE TO MAINTAIN A LIASON BETWEEN BUSINESS, ORGANIZATIONS AND GOVERNMENTAL ENTITIES, KEEPING ABREAST OF CHANGES, OPPORTUNITIES, RULES AND REGULATIONS WHICH EFFECT THE ELECTRICAL INDUSTRY AND IT'S MEMBERS. THE CHAPTER SUPPORTS A US DEPARTMENT OF LABOR APPROVED APPRENTICESHIP TRAINING PROGRAM TO FURTHER PROVIDE THE ELECTRICAL INDUSTRY WITH TRAINED CRAFTSPEOPLE FOR FUTURE GROWTH AND MAINTENANCE OF THE ELECTRICAL TRADE.

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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 $436,356

Program Service Revenue $1,016,872

Investment Income $1,930

Other Revenue $11,384

TOTAL REVENUE $1,466,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $878,275

Fundraising Expenses $0

Program Expenses $1,323,822

Other Expenses $832,095

TOTAL EXPENSES $1,710,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,466,542	$1,860,651	-0.2%
Expenses	$1,710,370	$1,731,474	0.0%
Net Income	$-243,828	$129,177	-2.9%

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

$265,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROLD NICHOLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DANNY ESPINO	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN RICHARDSON	DIRECTOR	2.00	Director	$0	$0	$0
KEITH BELL	DIRECTOR	2.00	Director	$0	$0	$0
MIKE BOUCHARD	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL FERRARO	DIRECTOR	2.00	Director	$0	$0	$0
TERRY FAGALA	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WOLFA	DIRECTOR	2.00	Director	$0	$0	$0
SIMON ZUBRAS	DIRECTOR	2.00	Director	$0	$0	$0
ERIN STEWART	EXECUTIVE DI	40.00	Officer	$265,953	$0	$265,953
PAUL LOZOYA	TRAINING DIR	40.00	Highest	$119,150	$0	$119,150

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	$1,466,542	$1,710,370	$2,762,566	$-243,828
2022	$1,860,651	$1,731,474	$2,794,116	$129,177
2021	$1,609,696	$1,411,648	$2,828,362	$198,048
2020	$1,790,461	$1,530,131	$2,601,549	$260,330
2019	$1,904,504	$1,643,695	$2,286,297	$260,809
2018	$1,777,634	$1,540,855	$1,981,652	$236,779

INDEPENDENT ELECTRICAL CONTRACTORS DALLAS CHAPTER