NATIONAL ELECTRICAL CONTRACTORS AS… - 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

1945

Legal Domicile

Principal Officer

RORY BERUMEN

Phone

3039373900

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION ROCKY MOUNTAIN CHAPTER, founded in 1945, is a small nonprofit that reported $885K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $831K left a modest 6% surplus.

Mission

TO PROMOTE THE ELECTRICAL CONTRACTING INDUSTRY BY PROVIDING TRAINING, PROMOTION AND TO ASSIST IN THE NEGOTIATION AND ADMINISTRATION OF COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

TO PROVIDE TRAINING, PROMOTION AND LABOR RELATIONS TO ELECTRICAL CONTRACTING EMPLOYERS IN THE STATE OF COLORADO.

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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 $0

Program Service Revenue $857,043

Investment Income $8,427

Other Revenue $19,696

TOTAL REVENUE $885,166

Expense Breakdown

Grants Paid $10,250

Salaries & Benefits $367,809

Fundraising Expenses $0

Other Expenses $452,799

TOTAL EXPENSES $830,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,166	$968,262	-0.1%
Expenses	$830,858	$879,058	-0.1%
Net Income	$54,308	$89,204	-0.4%

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

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

$233,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS MARCOTTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY WILSON	VICE PRESIDENT (NEW)/ DIRECTOR (PAST)	1.00	Officer Director	$0	$0	$0
JASON CLAY	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS OLSON	GOVERNOR (NEW) / VICE PRES. (PAST)	1.00	Director	$0	$0	$0
VICKI WREN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VERA	DIRECTOR	1.00	Director	$0	$0	$0
ROB LONG	DIRECTOR (NEW)	1.00	Director	$0	$0	$0
GINA CULLEN	GOVERNOR (PAST)	1.00	Director	$0	$0	$0
RORY BERUMEN	EXECUTIVE DIRECTOR	40.00	Officer	$206,515	$26,864	$233,379

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	$885,166	$830,858	$1,136,673	$54,308
2023	$968,262	$879,058	$1,040,543	$89,204
2022	$724,730	$758,557	$958,706	$-33,827
2021	$664,692	$615,184	$1,033,029	$49,508
2020	$534,892	$552,933	$982,255	$-18,041
2019	$624,713	$620,212	$1,012,601	$4,501

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION ROCKY MOUNTAIN CHAPTER