INDIANA MINERAL AGGREGATES ASSOCIATION (EIN 350410458) - 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

1947

Legal Domicile

Principal Officer

CALVIN LEE

Phone

3175809100

Tax Period

2023-01-01 to 2023-12-31

INDIANA MINERAL AGGREGATES ASSOCIATION, founded in 1947, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

TO PROVIDE ADVOCACY FOR THE INDIANA AGGREGATES INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $457,349

Program Service Revenue $658,374

Investment Income $71,110

Other Revenue $57,494

TOTAL REVENUE $1,244,327

Expense Breakdown

Grants Paid $107,706

Salaries & Benefits $410,611

Fundraising Expenses $0

Other Expenses $635,565

TOTAL EXPENSES $1,153,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,244,327	$1,015,547	+0.2%
Expenses	$1,153,882	$1,058,762	+0.1%
Net Income	$90,445	$-43,215	-3.1%

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

175

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

$191,908

Total Directors

$191,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN LEE	EXECUTIVE DIRECTOR	40.00	Officer Director	$170,444	$21,464	$191,908
LARRY SIMONS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WANSTRATH	DIRECTOR	1.00	Director	$0	$0	$0
JOE CZARNECKI	DIRECTOR	1.00	Director	$0	$0	$0
CASEY JONES	DIRECTOR	1.00	Director	$0	$0	$0
KIP BANCROFT	DIRECTOR	1.00	Director	$0	$0	$0
CALEB BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SAM VERNON	DIRECTOR	1.00	Director	$0	$0	$0
KRIS LUCE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GUS DIEHR	TREASURER	1.00	Officer Director	$0	$0	$0
GREGG HEBBE	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL OVERTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DUNCAN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SPENCER DEPOY	PRESIDENT	1.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,244,327	$1,153,882	$1,791,764	$90,445
2022	$1,015,547	$1,058,762	$1,575,611	$-43,215
2021	$867,294	$830,892	$1,805,255	$36,402
2020	$1,099,599	$924,729	$1,367,422	$174,870

INDIANA MINERAL AGGREGATES ASSOCIATION