ELECTRICAL INDUSTRY SERVICE CORPORATION

EIN: 943053367

PLEASANTON, CA

Total Revenue
$593,335
Total Expenses
$352,237
Total Assets
$2,950,464
Net Assets
$673,780
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
GREG ARMSTRONG
Phone
9252089999
Tax Period
2023-01-01 to 2023-12-31

ELECTRICAL INDUSTRY SERVICE CORPORATION, founded in 1989, is a small nonprofit that reported $593K in total revenue in fiscal year 2023. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $241K, a strong 41% operating margin.

Mission

THE CORPORATION IS A NONPROFIT ORGANIZATION CREATED IN 1989 BY THE NORTHERN CALIFORNIA CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (THE "CHAPTER") AND INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 595 ("LOCAL 595"). THE CORPORATION IS DEDICATED TO THE IMPROVEMENT OF BUSINESS CONDITIONS AND HIGHER EFFICIENCIES IN THE ELECTRICAL INDUSTRY, THE PROMOTION OF A PRODUCTIVE AND STABLE WORK FORCE AND BETTER EMPLOYMENT CONDITIONS AND IS ORGANIZED TO CARRY OUT THE BETTERMENT OF THE CONDITIONS OF WORKERS IN THE ELECTRICAL INDUSTRY. THE CHAPTER AND LOCAL 595 ARE SIGNATORIES TO A SERIES OF COLLECTIVE BARGAINING AGREEMENTS WHICH SET FORTH TERMS AND CONDITIONS OF EMPLOYMENT FOR ELECTRICAL INDUSTRY EMPLOYEES. UNDER THOSE AGREEMENTS, EMPLOYERS ARE OBLIGATED TO MAKE CONTRIBUTIONS TO VARIOUS FRINGE BENEFIT PLANS ON BEHALF OF EMPLOYEES. THE CORPORATION PROVIDES ASSISTANCE AS THE CUSTODIAN OF THESE FRINGE BENEFITS BY RECEIVING, ALLOCATING AND ACCOUNTING FOR CONTRIBUTIONS BY EMPLOYERS TO THE BENEFIT PLANS. THE CORPORATION ALSO OFFERS COLLECTION ASSISTANCE IN THE EVENT A CONTRIBUTING EMPLOYER IS DELINQUENT IN ITS REQUIRED PAYMENTS OR CONTRIBUTIONS TO THE BENEFIT PLANS AS REQUIRED BY COLLECTIVE BARGAINING AGREEMENTS. IN ADDITION, THE CORPORATION MAINTAINS AN ON-GOING EMPLOYER PAYROLL COMPLIANCE PROGRAM TO FACILITATE UNIFORMITY IN THE REPORTING OF EMPLOYER CONTRIBUTIONS TO THE BENEFIT PLANS.

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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 $0
Program Service Revenue $593,333
Investment Income $2
Other Revenue $0
TOTAL REVENUE $593,335

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $352,237
TOTAL EXPENSES $352,237

Year-over-Year Comparison

2023 2022 Change
Revenue $593,335 $192,409 +2.1%
Expenses $352,237 $282,221 +0.2%
Net Income $241,098 $-89,812 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG BONATO CO DIRECTOR 2.0
Director
$0 $0 $0
GREG ARMSTRONG CO DIRECTOR 2.0
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
2024 No data No data No data No data
2023 $593,335 $352,237 $2,950,464 $241,098
2022 $192,409 $282,221 $2,686,698 $-89,812
2021 $56,584 $356,826 $3,271,382 $-300,242
2020 $124,810 $392,471 $12,623,858 $-267,661
2019 $214,732 $352,951 $3,276,592 $-138,219
2018 $611,822 $345,634 $4,508,498 $266,188
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