INDEPENDENT ELECTRICAL CONTRACTORS MIDDLE TN INC (EIN 833456962) - 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

2019

Legal Domicile

Principal Officer

CALEB AKERS

Phone

6156127701

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT ELECTRICAL CONTRACTORS MIDDLE TN INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $317K in total revenue in fiscal year 2024. Expenses of $277K left a modest 13% surplus.

Mission

INDEPENDENT ELECTRICAL CONTRACTORS IS A NONPROFIT FEDERAL TRADE ASSOCIATION FEDERATION THAT REPRESENTS ELECTRICAL AND SYSTEMS WORKERS. THE ASSOCIATION EDUCATES ELECTRICIANS AND SYSTEMS PROFESSIONALS.

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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 $9,700

Program Service Revenue $307,209

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,694

Fundraising Expenses $0

Program Expenses $277,091

Other Expenses $158,397

TOTAL EXPENSES $277,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,909	$294,020	+0.1%
Expenses	$277,091	$199,400	+0.4%
Net Income	$39,818	$94,620	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALEB AKERS	TREASURER	N/A	Officer Director	$0	$0	$0
CHRIS RAIMONDI	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT SHERROD	SECRETARY	N/A	Officer Director	$0	$0	$0
JUSTIN DEGRAAUW	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVEN DAVID	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOE WEBB	DIRECTOR	N/A	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
2024	$316,909	$277,091	$196,309	$39,818
2023	$294,020	$199,400	$163,824	$94,620
2019	$125,717	$59,771	$77,438	$65,946

INDEPENDENT ELECTRICAL CONTRACTORS MIDDLE TN INC