GREATER CHARLOTTE INDEPENDENT ELEC… - 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

2022

Legal Domicile

Principal Officer

JASON PARKS

Phone

7043964305

Tax Period

2024-01-01 to 2024-12-31

GREATER CHARLOTTE INDEPENDENT ELECTRICAL CONTRACTORS, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2024. The organization ran a surplus of $36K, a strong 15% operating margin.

Mission

OUR MISSION IS TO HELP ELECTRICAL CONTRACTORS SUCCEED IN THE ELECTRICAL INDUSTRY THROUGH EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1

ELECTRICAL APPRENTICESHIP PROGRAM WHICH AIMS TO TRAIN INDIVIDUALS TO BE COME SKILLED JOURNEYMAN ELECTRICIANS.

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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 $70,814

Program Service Revenue $156,295

Investment Income $12,542

Other Revenue $0

TOTAL REVENUE $239,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,701

Fundraising Expenses $6,137

Other Expenses $108,640

TOTAL EXPENSES $203,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,651	N/A	N/A
Expenses	$203,341	N/A	N/A
Net Income	$36,310	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK BENFIELD	SECRETARY	N/A	Director	$0	$0	$0
MIKE WHITSON	TREASURER	N/A	Director	$0	$0	$0
DARMEL LEE	BOARD MEMBER	N/A		$0	$0	$0
JASON PARKS	PRESIDENT	N/A	Officer	$0	$0	$0
DALE WRIGHT	VICE PRESIDE	N/A	Officer	$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
2024	$239,651	$203,341	$88,299	$36,310

GREATER CHARLOTTE INDEPENDENT ELECTRICAL CONTRACTORS