IEC FOUNDATION FOR TRAINING

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

SHAUN HEINZELMAN

Phone

3175621102

Tax Period

2024-07-01 to 2025-06-30

IEC FOUNDATION FOR TRAINING, founded in 2021, is a small nonprofit that reported $965K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF IEC IS TO ENHANCE THE INDEPENDENT ELECTRICAL CONTRACTOR'S SUCCESS BY DEVELOPING A PROFESSIONAL WORKFORCE, COMMUNICATING CLEARLY WITH GOVERNMENT, PROMOTING ETHICAL BUSINESSPRACTICES, AND PROVIDING LEADERSHIP FOR THE ELECTRICAL INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $774,168 Revenue: $955,479

TO ENHANCE THE INDEPENDENT ELECTRICAL CONTRACTOR'S SUCCESS BYDEVELOPING A PROFESSIONAL WORKFORCE, COMMUNICATING CLEARLY WITHGOVERNMENT, PROMOTING ETHICAL BUSINESS PRACTICES, AND PROVIDINGLEADERSHIP...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $955,479

Investment Income $9,931

Other Revenue $0

TOTAL REVENUE $965,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,739

Fundraising Expenses $0

Program Expenses $774,168

Other Expenses $709,360

TOTAL EXPENSES $1,022,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$965,410	$1,022,453	-0.1%
Expenses	$1,022,099	$1,030,670	0.0%
Net Income	$-56,689	$-8,217	+5.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$125,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KINDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BLAKE BEHR	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MATT KINDER	SECRETARY	0.50	Officer Director	$0	$0	$0
SHAUN HEINZELMAN	TREASURER	1.00	Officer Director	$0	$0	$0
ANDY TOTH	MEMBER	0.50	Director	$0	$0	$0
HARRY BEAN	MEMBER	0.50	Director	$0	$0	$0
CLAY HAMILTON	MEMBER	0.50	Director	$0	$0	$0
RAUL VASQUEZ	EXECUTIVE DIRECTOR	2.00	Director	$125,602	$0	$125,602
TONY STRACK	MEMBER	0.50	Director	$0	$0	$0
JOSEPH BANFIELD	MEMBER	0.50	Director	$0	$0	$0
JORDAN CROSS	MEMBER	0.50	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
2025	$965,410	$1,022,099	$537,276	$-56,689
2023	$772,942	$756,948	$382,024	$15,994