Civic Intelligence

Independent Electrical Contractors Inc

EIN 74-1602512 • 501(c)6 • Nashville, TN

Profile

To be dedicated to the success and advancement of our members within the independent electrical industry.

450 Rev Kelly M Smith WayNashville, TN 37203

www.ieci.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.40x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.23x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

48th percentile

3.9%

Higher net margin than 48% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-0.4%

Faster asset growth than 26% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

38th percentile

3.8%

Faster revenue growth than 38% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,337,920

Up $53,102 (+1.6%) from 2023

Liabilities

Down

$1,347,719

Down $253,302 (-16%) from 2023

Net Assets

Up

$1,990,201

Up $306,404 (+18%) from 2023

Revenue

Down

$5,839,903

Down $656,322 (-10%) from 2023

Expenses

Down

$5,611,072

Down $996,141 (-15%) from 2023

Net Income

Up

$228,831

Up $339,819 (+306%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,479,409Liabilities 2010: $1,102,855Net Assets 2010: $376,5542010Assets 2011: $1,237,064Liabilities 2011: $1,040,249Net Assets 2011: $196,8152011Assets 2012: $1,589,053Liabilities 2012: $950,632Net Assets 2012: $638,4212012Assets 2013: $1,507,844Liabilities 2013: $1,190,172Net Assets 2013: $317,6722013Assets 2014: $1,720,729Liabilities 2014: $1,341,451Net Assets 2014: $379,2782014Assets 2015: $1,820,588Liabilities 2015: $1,336,867Net Assets 2015: $483,7212015Assets 2016: $1,947,488Liabilities 2016: $1,418,767Net Assets 2016: $528,7212016Assets 2017: $1,830,312Liabilities 2017: $1,094,668Net Assets 2017: $735,6442017Assets 2018: $2,346,684Liabilities 2018: $1,500,760Net Assets 2018: $845,9242018Assets 2019: $2,789,537Liabilities 2019: $1,716,298Net Assets 2019: $1,073,2392019Assets 2020: $2,893,594Liabilities 2020: $1,275,814Net Assets 2020: $1,617,7802020Assets 2021: $3,195,715Liabilities 2021: $1,122,029Net Assets 2021: $2,073,6862021Assets 2022: $3,365,392Liabilities 2022: $1,509,697Net Assets 2022: $1,855,6952022Assets 2023: $3,284,818Liabilities 2023: $1,601,021Net Assets 2023: $1,683,7972023Assets 2024: $3,337,920Liabilities 2024: $1,347,719Net Assets 2024: $1,990,2012024

Highlighted filing

2024

Assets$3,337,920
Liabilities$1,347,719
Net Assets$1,990,201

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,929,1022010Expenses 2011: $3,242,1692011Expenses 2012: $2,952,8662012Revenue 2013: $933,278Expenses 2013: $1,280,427Net Income 2013: -$347,1492013Revenue 2014: $3,461,099Expenses 2014: $3,464,156Net Income 2014: -$3,0572014Revenue 2015: $3,730,874Expenses 2015: $3,614,399Net Income 2015: $116,4752015Revenue 2016: $4,196,887Expenses 2016: $4,127,659Net Income 2016: $69,2282016Revenue 2017: $4,361,070Expenses 2017: $4,190,875Net Income 2017: $170,1952017Revenue 2018: $4,457,963Expenses 2018: $4,355,517Net Income 2018: $102,4462018Revenue 2019: $4,978,038Expenses 2019: $4,749,509Net Income 2019: $228,5292019Revenue 2020: $5,531,030Expenses 2020: $4,956,126Net Income 2020: $574,9042020Revenue 2021: $4,728,698Expenses 2021: $4,502,899Net Income 2021: $225,7992021Revenue 2022: $5,422,595Expenses 2022: $5,349,118Net Income 2022: $73,4772022Revenue 2023: $6,496,225Expenses 2023: $6,607,213Net Income 2023: -$110,9882023Revenue 2024: $5,839,903Expenses 2024: $5,611,072Net Income 2024: $228,8312024

Highlighted filing

2024

Revenue$5,839,903
Expenses$5,611,072
Net Income$228,831

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$1.35$1.99$5.84$5.61$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.28$1.60$1.68$6.50$6.61$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.37$1.51$1.86$5.42$5.35$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.20$1.12$2.07$4.73$4.50$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.89$1.28$1.62$5.53$4.96$0.57
2019Detailed filing. Detailed filing data is available for this year.$2.79$1.72$1.07$4.98$4.75$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.35$1.50$0.85$4.46$4.36$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.83$1.09$0.74$4.36$4.19$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.95$1.42$0.53$4.20$4.13$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.82$1.34$0.48$3.73$3.61$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.72$1.34$0.38$3.46$3.46$0.00
2013Summary only. Only limited summary data is available for this year.$1.51$1.19$0.32$0.93$1.28$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.95$0.64$2.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$1.04$0.20$3.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.10$0.38$3.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 9, 2025
Return Version
2024v5.2
Gross Receipts
$6,494,693
Mission and Program Overview

Mission

To promote america's independent electrical contractors to further the growth of the electrical economy through skilled manpower and the principle of free enterprise.

To promote america's independent electrical contractors through the principle of free enterprise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,650,061$1,996,863▲ $346,802
Savings and Temporary Cash Investments$938,870$797,275▼ $141,595
Accounts Receivable$398,995$290,489▼ $108,506
Prepaid Expenses and Deferred Charges$114,652$178,243▲ $63,591
Land, Buildings, and Equipment, Net$79,851$75,050▼ $4,801
Total Assets$3,284,818$3,337,920▲ $53,102
Other Assets Total$102,389$0▼ $102,389
Liabilities
Deferred Revenue$511,349$678,110▲ $166,761
Accounts Payable and Accrued Expenses$773,883$494,058▼ $279,825
Other Liabilities$315,789$175,551▼ $140,238
Total Liabilities$1,601,021$1,347,719▼ $253,302
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,683,797$1,901,596▲ $217,799
Net Assets With Donor Restrictions-$88,605-
Total Net Assets Fund Balance$1,683,797$1,990,201▲ $306,404
Total Liabilities and Net Assets / Fund Balance$3,284,818$3,337,920▲ $53,102

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$75,050$56,535$131,585
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cecil LeedyImmediate Past President (thru 12/24)
Bruce KohanPresident
Don SharkeyVice President
Thayer LongExecutive Director (thru 5/25)
Barry WilliamsMember
Caleb HunterMember
Craig JonesMember
David PonstingleMember
David ScottMember
Don AragonMember
Greg AnzlovarMember
Jerry KentMember
Louis SchulerMember
Mark CampbellMember
Michael J Gaffney IiiMember
Robbie JonesMember
Scott Joseph TesonMember
Tim WhiteMember
Don HulseySecretary
Billy Ross HillTreasurer (thru 12/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Innovatis GroupManagement Services450 REV KELLY M SMITH WAY, Nashville, TN 37203$3,199,168
FreemanExposition ServicesPO BOX 734596, Dallas, TX 75373-4596$316,541
More VangMarketing And DesignPO BOX 16240, Alexandria, VA 22302$179,800
American Technical PublishersCurriculum & Training Publishing10100 ORLAND PKWY STE 200, Orland Park, IL 60467-5756$173,049
InspireAudio Visual Services For Events9150 N ROYAL LN 150, Dallas, TX 75207$127,425
Revenue and Support

Revenue Composition

Contributions and Grants
$96,619
Program Service Revenue
$5,670,230
Investment Income
$45,978
Other Revenue
$27,076
All Other Contributions
$96,619
Change in Net Assets
$228,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,839,903
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$99,189
Total Revenue per Audited Statements
$5,939,092
Total Revenue per Form 990
$5,839,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,611,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$2,718,274
Conferences and Meetings---$949,712
Office Expenses---$536,601
Advertising---$290,463
Fees for Services Other---$225,669
Travel---$152,203
Other Expenses---$106,110
Occupancy---$87,042
Fees for Services Legal---$49,382
Depreciation Depletion---$36,094
Insurance---$35,877
Fees for Services Accounting---$32,310
Fees for Service Investment Mgmnt Fees---$16,658
Interest---$1,953
Total Functional Expenses$0$0$0$5,611,072

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,611,360
Expenses per Audited Statements$5,611,072
Total Expenses per Form 990$5,611,072
Expenses Not Reported on Form 990$288
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$98,100
Total Nondeductible Lobbying and Political Cost$98,100
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$175,551
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Iec has contracted with innovatis to provide day-to-day operational support for the organization. Innovatis hired chrissy skudera and allison keelan as employees.

Form 990, Part VI, Section A, Line 6

Any person, firm, or corporation engaged in the electrical construction industry is eligible to apply for active memberships in one of the following classifications: contractor member, associate member, honorary member, senior active member, or having held the office of the president. Only contractor members may vote and hold office.

Form 990, Part VI, Section A, Line 7A

The board of directors shall consist of 2 contractor members elected from each region, 5 contractor members of the executive committee, and one industry partner. Officers of the board are elected at the annual house of the delegate's meeting.

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to each member of the governing body before it is filed and is reviewed in detail by the treasurer, cfo, and the finance committee before it is filed.

Form 990, Part VI, Section B, Line 12

Only the members of the board of directors sign an annual confict of interest policy. The board chair monitors and enforces compliance with the policy.

Form 990, Part VI, Section B, Line 15

A review of the latest asae compensation survey for the washington d.c. Area is used to determine the compensation of the organization's top management. Employees of the management company go through an annual performance review which includes compensation adjustments.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and audited financial statements are not generally made available to the general public, but if requests for copies of these documents were to be received, the organization would consider making them available to the public.

Filing and Contact Details

Filer

Filer Name
Independent Electrical Contractors Inc
EIN
74-1602512
Phone
7035497351
Address
450 REV KELLY M SMITH WAY, NASHVILLE, TN 37203
Doing Business As
Ieci

Signing Officer

Name
Amy Bidenharn
Title
Executive Director
Phone
7035497351
Signed
2025-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Biedenharn
Formed
1962
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
30

Preparer

Firm
Wipfli Advisory LLC
Address
170 N RADNOR-CHESTER RD SUITE 200, RADNOR, PA 19087
Preparer
Solomon Mardakhaev
Phone
6105653930
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

CONTRIBUTIONS -288.

Financial Statement Notes

PART X, LINE 2:

The organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

CONTRIBUTIONS

Raw XML AppendixShowing 400 of 582 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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