IEC Inc Southern CO Training Fund

EIN: 841437348 501(c)(3) Education

Colorado Springs, CO

Total Revenue
$1,660,475
Total Expenses
$1,379,423
Total Assets
$1,320,678
Net Assets
$923,659
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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
CO
Tax Period
2023-01-01 to 2023-12-31

IEC Inc Southern CO Training Fund, founded in 1997, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $281K, a strong 17% operating margin.

Mission

Apprenticeship training and education for electricians in southern 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,655
Program Service Revenue $1,263,623
Investment Income $914
Other Revenue $356,283
TOTAL REVENUE $1,660,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $339,023
Fundraising Expenses $0
Program Expenses $1,192,765
Other Expenses $1,040,200
TOTAL EXPENSES $1,379,423

Year-over-Year Comparison

2023 2022 Change
Revenue $1,660,475 $1,449,602 +0.1%
Expenses $1,379,423 $1,263,965 +0.1%
Net Income $281,052 $185,637 +0.5%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
24
Volunteers
9

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
0
$0
Total Directors
1
$4,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dale Weis Executive Director 40.00
Director
$4,550 $0 $4,550
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 $1,660,475 $1,379,423 $1,320,678 $281,052
2022 $1,449,602 $1,263,965 $1,070,218 $185,637
2021 $1,262,960 $1,164,984 $945,690 $97,976
2020 $1,217,274 $1,072,236 $897,718 $145,038
2019 $905,329 $926,336 $791,226 $-21,007
2018 $850,991 $824,124 $833,731 $26,867
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