ASPHALT PAVEMENT ASSOCIATION OF INDIANA INC (EIN 351047773) - 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

1959

Legal Domicile

Principal Officer

KIRSTEN FOWLER

Phone

3172580132

Tax Period

2023-01-01 to 2023-12-31

ASPHALT PAVEMENT ASSOCIATION OF INDIANA INC, founded in 1959, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $911K left a modest 11% surplus.

Mission

ASPHALT PAVEMENT ASSOCIATION OF INDIANA, INC. (THE ASSOCIATION) IS A TRADE ASSOCIATION THAT EXISTS TO PROMOTE THE INCREASED USE OF QUALITY ASPHALT PAVEMENT IN 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 (2023)

Revenue Breakdown

Contributions & Grants $733,016

Program Service Revenue $199,327

Investment Income $59,813

Other Revenue $36,927

TOTAL REVENUE $1,029,083

Expense Breakdown

Grants Paid $32,300

Salaries & Benefits $400,995

Fundraising Expenses $0

Other Expenses $477,923

TOTAL EXPENSES $911,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,029,083	$1,022,991	+0.0%
Expenses	$911,218	$833,055	+0.1%
Net Income	$117,865	$189,936	-0.4%

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

$195,127

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SHUMAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HARTWICK	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HUBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAN FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN HILARY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ARRATIA	DIRECTOR	1.00	Director	$0	$0	$0
JASON HALL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF AUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PEISKER	VOTING PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN KRUCKEBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARGI BROOKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHANIEL RYAN	DIRECTOR	1.00	Director	$0	$0	$0
RICKY LAMASTER	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY URBANO	DIRECTOR	1.00	Director	$0	$0	$0
SAM KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT STINE	TREASURER	1.00	Director	$0	$0	$0
SEAN RIZER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE VARNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD FAWVER	VOTING PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KIRSTEN FOWLER	EXECUTIVE DIRECTOR	40.00	Officer	$173,508	$21,619	$195,127

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	$1,029,083	$911,218	$2,399,316	$117,865
2022	$1,022,991	$833,055	$2,278,178	$189,936
2021	$982,809	$752,649	$1,988,059	$230,160
2020	$829,761	$542,023	$1,655,253	$287,738
2019	$1,058,342	$732,920	$1,280,570	$325,422
2018	$952,218	$851,299	$1,032,267	$100,919

ASPHALT PAVEMENT ASSOCIATION OF INDIANA INC