Wire & Cable Manufacturers Alliance Inc

Is Wire & Cable Manufacturers Alliance Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Wire & Cable Manufacturers Alliance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wire & Cable Manufacturers Alliance Inc

Wire & Cable Manufacturers Alliance Inc (EIN: 203384124) is a nonprofit organization based in Wethersfield, CT, classified under NTEE code S41. The organization reported total revenue of $203K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wire & Cable Manufacturers Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wire & Cable Manufacturers Alliance Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Wire & Cable Manufacturers Alliance Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer channels, which is highly favorable for resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Wire & Cable Manufacturers Alliance Inc:

• Consistent 0% officer compensation across all filings, indicating efficient use of funds.
• Steady growth in assets over the past decade, from $24,288 in 2014 to $108,757 in 2023.
• Revenues generally exceed expenses, contributing to financial stability (e.g., 2023 revenue $84,452 vs. expenses $74,822).
• Low liabilities relative to assets (e.g., 2023 liabilities $2,750 vs. assets $108,757).
• Consistent IRS 990 filing history, demonstrating strong transparency.

Frequently Asked Questions about Wire & Cable Manufacturers Alliance Inc

Filing History

IRS 990 filing history for Wire & Cable Manufacturers Alliance Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wire & Cable Manufacturers Alliance Inc's revenue has grown by 283.1%, moving from $22K to $84K. Total assets increased by 2044.3% over the same period, from $5K to $109K. Total functional expenses rose by 221%, from $23K to $75K. In its most recent filing year (2023), Wire & Cable Manufacturers Alliance Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $3K in liabilities against $109K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $106K.

Year-by-Year Financial Summary

• 2023: Revenue of $84K, expenses of $75K, and assets of $109K (revenue -17.2% year-over-year).
• 2022: Revenue of $102K, expenses of $76K, and assets of $97K (revenue +87.4% year-over-year).
• 2021: Revenue of $54K, expenses of $41K, and assets of $70K (revenue +28.8% year-over-year).
• 2020: Revenue of $42K, expenses of $62K, and assets of $59K (revenue -46.9% year-over-year).
• 2019: Revenue of $80K, expenses of $67K, and assets of $83K (revenue +14.2% year-over-year).
• 2018: Revenue of $70K, expenses of $41K, and assets of $65K (revenue +9.8% year-over-year).
• 2017: Revenue of $63K, expenses of $54K, and assets of $37K (revenue +46.6% year-over-year).
• 2016: Revenue of $43K, expenses of $46K, and assets of $27K (revenue +18.5% year-over-year).
• 2015: Revenue of $37K, expenses of $30K, and assets of $31K (revenue -2.1% year-over-year).
• 2014: Revenue of $37K, expenses of $24K, and assets of $24K (revenue +38.9% year-over-year).
• 2013: Revenue of $27K, expenses of $23K, and assets of $11K (revenue +9.1% year-over-year).
• 2012: Revenue of $25K, expenses of $23K, and assets of $7K (revenue +11.7% year-over-year).
• 2011: Revenue of $22K, expenses of $23K, and assets of $5K.

Data Sources and Methodology

This transparency report for Wire & Cable Manufacturers Alliance Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.