Metropolitan Electrical Contractors Association Inc

Nonprofit profile at a glance

EIN
921332279
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Staten Island, NY, USA
Phone
3477296569
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$591,846
Expenses
$220,286
Assets
$774,127
Liabilities
$7,894

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHAEL TEK (President)
  • JOSEPH CAFIERO (Vice President)

People named in this filing

  • MICHAEL TEK (President)
  • JOSEPH CAFIERO (Vice President)
  • DIANE CAFIERO (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the association is to promote a high standard of business practices in the electrical industry and related industries; to inculate just and equitable pracites for teh conduct of business; to maintain and foster good will and relations among employers in the elctrcial industry; to foster the growth and progress of the elctrical industry; to encourge high standards of quality and workmanship; to promote and maintain apprenticeship and training programs; to establish ways and means whereby controversies and misunderstandings may be avoided or adjusted; to acuire and disseminate valuable business information; to promote friendly intercourse among those engaged in the electrical industry; to cooperate with other associations in promoting the public welfarer in the respoects aforesaid; to secure freedom from unjust and unlawful exactions; and generally to foster teh business interestes of those engageed in the electrical industry in all ways consisten wtih teh public interest t

What it reported doing in 2024

The purpose of the association is to promote a high standard of business practices in the electrical industry and related industries; to inculate just and equitable pracites for teh conduct of business; to maintain and foster good will and relations among employers in the elctrcial industry; to foster the growth and progress of the elctrical industry; to encourge high standards of quality and workmanship; to promote and maintain apprenticeship and training programs; to establish ways and means whereby controversies and misunderstandings may be avoided or adjusted; to acuire and disseminate valuable business information; to promote friendly intercourse among those engaged in the electrical industry; to cooperate with other associations in promoting the public welfarer in the respoects aforesaid; to secure freedom from unjust and unlawful exactions; and generally to foster teh business interestes of those engageed in the electrical industry in all ways consisten wtih teh public interest to the end that membership in the assoication may be an assurance to the public of skill, integrity and responsonsibility.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 90
  • Accountability: 0
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.7%; rating input score 19
  • Program expense ratio: 50.1%; rating input score 50
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 62.8%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 3.51; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 180.8% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 46.2% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 95.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 18.7% of revenue deployed · 50.1% of spending went to programs
  • Governance: 0 of 6 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 19/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.