Asphalt Roofing Manufacturers Association (EIN 130452220) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

Reed Hitchcock

Phone

4436401075

Tax Period

2024-01-01 to 2024-12-31

Asphalt Roofing Manufacturers Association, founded in 1979, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024.

Mission

To promote and publicize the sale and use of asphalt roofing products, to collect and disseminate information regarding production, distribution and use of asphalt roofing products, to assist in the development of codes and standards for asphalt roofing products, to develop, through research, new uses and markets for asphalt roofing products, and in general, engage in any legal and proper activities that will be of benefit to the asphalt roofing industry and to users.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,632,298

Program Service Revenue $752,733

Investment Income $23,540

Other Revenue $3,779

TOTAL REVENUE $2,412,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $616,309

Fundraising Expenses $0

Other Expenses $1,789,346

TOTAL EXPENSES $2,405,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,412,350	$2,338,970	+0.0%
Expenses	$2,405,655	$2,403,371	+0.0%
Net Income	$6,695	$-64,401	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$314,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gunner Smith	ARMA President	4.00	Officer Director	$0	$0	$0
David Humphreys	ARMA Vice President	4.00	Officer Director	$0	$0	$0
Carmen Bodden	ARMA Treasurer/Secretary	4.00	Officer Director	$0	$0	$0
Tim Kersey	ARMA At Large Member	1.00	Officer Director	$0	$0	$0
Ken Roberts	ARMA Board of Director Member	1.00	Director	$0	$0	$0
John Altmeyer	ARMA Board of Director Member	1.00	Officer Director	$0	$0	$0
Katie Domenico	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Robert Almon	ARMA Board of Director Member	1.00	Director	$0	$0	$0
David Koschitzky	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Joe Smith	ARMA Board of Director Member	1.00	Director	$0	$0	$0
John Quante	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Brian Hobdy	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Betiana Acha	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Steve Ratcliff	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Dale Rushing	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Julianna Grippa	ARMA Board of Director Member	1.00	Director	$0	$0	$0
Reed Hitchcock	Arma Executive Vice President	40.00	Officer	$313,050	$1,417	$314,467
Aaron Phillips	Vice President of Technical Services	40.00	Highest	$222,607	$38,802	$261,409

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	$2,412,350	$2,405,655	$964,455	$6,695
2023	$2,338,970	$2,403,371	$1,037,520	$-64,401
2022	$2,288,624	$2,321,412	$1,041,322	$-32,788
2021	$2,097,606	$1,868,726	$998,398	$228,880
2020	$1,990,627	$1,714,788	$830,878	$275,839
2019	$2,097,086	$2,091,990	$510,589	$5,096
2018	$1,766,394	$1,968,673	$509,283	$-202,279

Asphalt Roofing Manufacturers Association