NATIONAL ELECTRICAL CONTRACTORS ASSN (EIN 910552828) - 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

1947

Legal Domicile

Principal Officer

JAMESON SCHWETZ

Phone

2062842150

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ELECTRICAL CONTRACTORS ASSN, founded in 1947, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE CONTRACTORS WITH UPDATED INFORMATION CONCERNING THE ELECTRICAL CONTRACTING INDUSTRY AND TO HELP IMPROVE ELECTRICAL CODES AND REGULATION AND TO HELP IN LABOR RELATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $46,680

Program Service Revenue $1,689,000

Investment Income $741,929

Other Revenue $143,244

TOTAL REVENUE $2,620,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,179,560

Fundraising Expenses $0

Other Expenses $2,210,379

TOTAL EXPENSES $3,389,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,620,853	$3,537,768	-0.3%
Expenses	$3,389,939	$3,271,388	+0.0%
Net Income	$-769,086	$266,380	-3.9%

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

$719,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD KING	BOARD MEMBER	5.00	Director	$0	$0	$0
BRUCE MACKENZIE	BOARD MEMBER	5.00	Director	$0	$0	$0
DOMINIC BURKE	PRESDENT	5.00	Officer Director	$0	$0	$0
DREW MACKEY	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
GLORIA ASHFORD	BOARD MEMBER	5.00	Director	$0	$0	$0
JACOB BOYER	BOARD MEMBER	5.00	Director	$0	$0	$0
LAURA RICHARDSON	TREASURER	5.00	Officer Director	$0	$0	$0
LEEANN COCHRAN	GOVERNOR	5.00	Officer Director	$0	$0	$0
MAHMOOD GHASSEMI	BOARD MEMBER	5.00	Director	$0	$0	$0
MARV NELSON	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE HOLMES	BOARD MEMBER	5.00	Director	$0	$0	$0
OLIVER WHITEHEAD	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF HUMANN	BOARD MEMBER	5.00	Director	$0	$0	$0
BARRY SHERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$459,025	$0	$459,025
JAMESON SCHWETZ	ASSISTANT EXECUTIVE DIRECTOR	40.00	Officer	$260,175	$0	$260,175
JUDI SAGER	BOOKKEEPER	5.00	Highest	$129,374	$0	$129,374
JUSTYN THAYER	DIRECTOR OF SAFETY	40.00	Highest	$218,851	$0	$218,851

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	$2,620,853	$3,389,939	$19,556,846	$-769,086
2022	$3,537,768	$3,271,388	$18,861,957	$266,380
2021	$1,922,005	$2,455,315	$21,896,033	$-533,310
2020	$1,219,085	$1,813,858	$21,761,328	$-594,773

NATIONAL ELECTRICAL CONTRACTORS ASSN