ICPI Foundation for Education and … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Wendel Stewart

Phone

7037131900

Tax Period

2024-07-01 to 2025-06-30

ICPI Foundation for Education and Research, founded in 2000, is a small nonprofit in the Education sector that reported $601K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $275K, a strong 46% operating margin.

Mission

To fund targeted educational and research programs and industry tools that will benefit the segmental concrete paver industry, in line with the strategic goals of Concrete Masonry and Hardscape Association, in a financially sustainable way.

Program Service Accomplishments

Program 1

Expenses: $80,000

Oklahoma State University Research- Developing deflection acceptance criteria for compacted, open-graded aggregate bases for permeable pavements using lightweight deflectometers (LWDS): This project included an extensive literature review, laboratory testing in a large test bed with compacted aggregate, full-scale field testing on open-graded aggregate bases typical to Permable Interlocking Concrete Pavement was tested. This was accompanied by finite element modeling and a compaction control specification written in AASHTO format for eventual submission to AASHTO.

Program 2

Expenses: $75,972

CMHA Lab Projects- CO2 Sequestration and Edge Restraint ResearchCMHA's Research and Development Laboratory exists to serve the association in its vital role as a catalyst for the progression and...

CMHA Lab Projects- CO2 Sequestration and Edge Restraint ResearchCMHA's Research and Development Laboratory exists to serve the association in its vital role as a catalyst for the progression and advancement of the industry. Staffed by professional, qualified engineers and technicians with years of experience in material testing, the lab has the ability to perform virtually any physical testing of concrete masonry, hardscape units, and other manufactured concrete products and assemblies.

Program 3

Expenses: $56,500

Wireless EV charging on Seg Conc Pvmnt - ASPIRE

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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 $3,635

Program Service Revenue $0

Investment Income $597,148

Other Revenue $0

TOTAL REVENUE $600,783

Expense Breakdown

Grants Paid $257,677

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $268,231

Other Expenses $68,121

TOTAL EXPENSES $325,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,783	$376,119	+0.6%
Expenses	$325,798	$280,301	+0.2%
Net Income	$274,985	$95,818	+1.9%

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

N/A

Volunteers

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

$613,506

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Hilldore	Chair	1.00	Officer Director	$0	$0	$0
Kevin Earley	Vice Chair	1.00	Officer Director	$0	$0	$0
Joseph Kerrigan	Secretary	1.00	Officer Director	$0	$0	$0
Ted Light	Immediate Past Chair	1.00	Director	$0	$0	$0
Fred Adams Jr	Director	1.00	Director	$0	$0	$0
Steve Berry	Director	1.00	Director	$0	$0	$0
David Carter	Director	1.00	Director	$0	$0	$0
Ed Fioroni	Director	1.00	Director	$0	$0	$0
Drew Helon	Director	1.00	Director	$0	$0	$0
Starling Johnson	Director	1.00	Director	$0	$0	$0
Grady Jurrens	Director	1.00	Director	$0	$0	$0
Matt Lynch	Director	1.00	Director	$0	$0	$0
Matt Moore	Director	1.00	Director	$0	$0	$0
Larry Nicolai	Director	1.00	Director	$0	$0	$0
Roberto Nicolia	Director	1.00	Director	$0	$0	$0
Paul Pignatelli	Director	1.00	Director	$0	$0	$0
David Pitre	Director	1.00	Director	$0	$0	$0
Ryan Suszek	Director	1.00	Director	$0	$0	$0
Robert Thomas	Treasurer/ CMHA President & CEO	1.00	Officer	$0	$40,403	$384,682
Wendel Stewart	COO/ Executive Director	1.00	Officer	$0	$12,952	$228,824

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
2025	$600,783	$325,798	$7,286,226	$274,985
2024	No data	No data	No data	No data
2023	$155,870	$322,336	$6,430,561	$-166,466
2022	$297,588	$198,842	$6,237,814	$98,746
2021	$557,036	$402,896	$7,327,522	$154,140
2020	$332,306	$142,410	$6,522,984	$189,896
2019	$231,453	$117,815	$6,240,078	$113,638
2018	$268,236	$290,352	$5,949,332	$-22,116

ICPI Foundation for Education and Research