IEC FOUNDATION FOR TRAINING INC (EIN 853834237) - Form 990 Financial Analysis & Trantor Score

🔒

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

2022-07-01 to 2023-06-30

IEC FOUNDATION FOR TRAINING INC, founded in 2021, is a small nonprofit that reported $773K in total revenue in fiscal year 2022.

Mission

APPRENTICE PROGRAM FOR ELECTRICIANS; ONGOING SKILLED UPDATES; EDUCATIONAL PROGRAMS FOR MEMBERS; AND APPRENTICE TRAINING FOR ELECTRICIANS.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $41,000

Program Service Revenue $824,428

Investment Income $0

Other Revenue $-92,486

TOTAL REVENUE $772,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,996

Fundraising Expenses $0

Program Expenses $439,309

Other Expenses $258,952

TOTAL EXPENSES $756,948

Year-over-Year Comparison

	2022	2021	Change
Revenue	$772,942	N/A	N/A
Expenses	$756,948	N/A	N/A
Net Income	$15,994	$0	N/A

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

$113,859

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KINDER	PRESIDENT	1.00	Director	$0	$0	$0
BLAKE BEHR	VICE PRESIDENT	0.50	Director	$0	$0	$0
MATT KINDER	SECRETARY	0.50	Director	$0	$0	$0
SHAUN HEINZELMAN	TREASURER	1.50	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	$113,859	$0	$113,859
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
2023	$772,942	$756,948	$382,024	$15,994

IEC FOUNDATION FOR TRAINING INC