INDIANA READY MIXED CONCRETE ASSOCIATION INC (EIN 351040833) - 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

1943

Legal Domicile

Principal Officer

ADAM KRESS

Phone

5747801549

Tax Period

2024-01-01 to 2024-12-31

INDIANA READY MIXED CONCRETE ASSOCIATION INC, founded in 1943, is a small nonprofit that reported $769K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

EXPAND THE USE OF READY MIXED CONCRETE IN THE STATE OF INDIANA.

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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 $563,606

Program Service Revenue $157,863

Investment Income $47,210

Other Revenue $0

TOTAL REVENUE $768,679

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $192,108

Fundraising Expenses $0

Other Expenses $576,519

TOTAL EXPENSES $771,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$768,679	$1,363,213	-0.4%
Expenses	$771,627	$783,542	0.0%
Net Income	$-2,948	$579,671	-1.0%

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

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

$112,340

Total Directors

$112,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD MONTGOMERY	EXECUTIVE DIRECTOR	45.00	Officer Director	$103,056	$9,284	$112,340
ADAM KRESS	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL WINKLE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN LEMLER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DUSTIN HARTMAN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KIP BANCROFT	AT LARGE DIRECTOR, ASSOCIATE	2.00	Director	$0	$0	$0
DANA BOYD	AT LARGE DIRECTOR, CENTRAL	2.00	Director	$0	$0	$0
TOBY KNOTT	AT LARGE DIRECTOR, CEMENT	2.00	Director	$0	$0	$0
MATT MORRISON	AT LARGE DIRECTOR, CEMENT	2.00	Director	$0	$0	$0
DOUG SMITH	AT LARGE DIRECTOR, NORTH	2.00	Director	$0	$0	$0
TYLER STANLEY	AT LARGE DIRECTOR, SOUTH	2.00	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	$768,679	$771,627	$1,468,900	$-2,948
2023	$1,363,213	$783,542	$1,421,630	$579,671
2022	$680,470	$723,585	$818,420	$-43,115
2021	$591,766	$580,905	$863,900	$10,861
2020	$693,477	$628,900	$818,811	$64,577
2019	$756,453	$694,425	$781,646	$62,028
2018	$735,275	$685,304	$696,674	$49,971

INDIANA READY MIXED CONCRETE ASSOCIATION INC