Independent Electrical Contractors Assoc Florida West Coast Chapter Inc

What it reported doing in 2018

Education: the iec-fwcc has been training electricians through its apprenticeship program for 35 consecutive years (originally under the sponsorship of the electrical workers association). The Florida west coast chapter is proud of its record of producing highly skilled journeymen electricians for the tampa bay area. Iec-fwcc was the first in the history of iec to have a graduating class with apprentices in three programs (2005): commercial-industrial electricians, residential wireman, and telecommunication technicians programs. In addition to serving students at the hillsborough community college (hcc), tampa, classes are also taught at the pinellas technical college (ptc) clearwater campus, marchman technical college, new port richey, traviss technical college, lakeland and tallahassee community college (tcc), tallahassee. The programs vary in length from 2 1/2 to 4 years and serve approximately 300 apprentices per year. The iec-fwcc was named the 2018 national chapter of the year and earned the distinction of an iec certified chapter training advantage chapter.in addition to the apprenticeship program, the chapter partners with the construction trades preapprenticeship programs of the local school districts. The goal is to generate electrical helpers that can move safely into a job on a construction site, establish themselves as a loyal employee with an iec member contractor, and eventually enroll in an apprenticeship program. Iec-fwcc also recognizes that the state of Florida is in a crisis due to the shortage of tradesmen in the state. Frequent hurricanes and subsequent rebuilding efforts have created a shortage and therefore a demand for electrical trainees. Iec-fwcc wants to offer the best training opportunities in the state, thereby producing the most competent, confident electricians, residential wiremen and telecommunications technicians possible in quantities that will meet the ever-increasing needs of this rapidly growing state. By supporting the construction trades programs within area high schools, students are able to advance in training and therefore articulate into the formal apprenticeship program or the workforce at an advanced level. The pre-apprenticeship program standards were rewritten this year and is considered quite remarkable as it is the only such program in the state that includes paid, on the job training for students .iec-fwcc strives to be a source of innovative education, products and services to enhance member productivity, profitability and competitiveness through appropriate delivery channels, such as seminars, strategic partnerships and various technologies, thereby securing the competitive advantage. Workforce development initiatives are perpetuated to promote the electrical industry and the work of the electrician to schools, parents, teachers, counselors and veterans. Ongoing educational seminars are offered on how to retain, motivate and maintain a quality workforce. Iec-fwcc promotes and provides continuing education for contractors and field employees. Continuing education classes are required for contractors to maintain licensure. Approximately 500 electricians receive continuing education coursework each year from iec-fwcc.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 14.7%; rating input score 75; 75th percentile among comparable filings
• Total-asset coverage ratio: 0.92; rating input score 43; 43rd percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 7.3%; rating input score 47; 47th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 11.3% per year; rating input score 100; 76th percentile among comparable filings
• Asset growth: 20.9% per year; rating input score 100; 85th percentile among comparable filings