ARKANSAS ASPHALT PAVEMENT ASSOCIAT… - 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

PARK ESTES

Phone

5012191100

Tax Period

2024-01-01 to 2024-12-31

ARKANSAS ASPHALT PAVEMENT ASSOCIATION INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $710K in total revenue in fiscal year 2024. Expenses of $618K left a modest 13% surplus.

Mission

A BUSINESS ASSOCIATION TO PROMOTE QUALITY AND SAFETY IN THE ASPHALT PAVING INDUSTRY.

Program Service Accomplishments

Program 1

BUSINESS ASSOCIATION PROVIDING SERVICE TO THE ASPHALT PAVING INDUSTRY PRIMARILY IN THE STATE OF ARKANSAS.

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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 $383,060

Program Service Revenue $306,639

Investment Income $18,054

Other Revenue $2,022

TOTAL REVENUE $709,775

Expense Breakdown

Grants Paid $42,350

Salaries & Benefits $251,078

Fundraising Expenses $2,510

Other Expenses $324,964

TOTAL EXPENSES $618,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,775	$717,098	0.0%
Expenses	$618,392	$560,388	+0.1%
Net Income	$91,383	$156,710	-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

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

$211,492

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON FINN	CHAIRMAN	0.10	Officer Director	$0	$0	$0
BOBBY KENNEDY	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
BENSON CASHION	SECRETARY/TREASURER	0.10	Officer Director	$0	$0	$0
MURRY CLINE	PAST CHAIRMAN	0.10	Officer Director	$0	$0	$0
STEVE FORSGREN	DIRECTOR	0.10	Director	$0	$0	$0
NICK HAYNES	DIRECTOR	0.10	Director	$0	$0	$0
D B HILL III	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN KELSO	DIRECTOR	0.10	Director	$0	$0	$0
LANE LOPER	DIRECTOR	0.10	Director	$0	$0	$0
BRAD MAROTTI	DIRECTOR	0.10	Director	$0	$0	$0
MAX MATHIS	DIRECTOR	0.10	Director	$0	$0	$0
VINCE TATE	DIRECTOR	0.10	Director	$0	$0	$0
PARK ESTES	EXECUTIVE DIRECTOR	40.00	Officer	$211,492	$0	$211,492

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	$709,775	$618,392	$816,859	$91,383
2023	$717,098	$560,388	$701,440	$156,710
2022	$565,892	$495,105	$549,837	$70,787
2021	$432,129	$402,171	$469,214	$29,958
2020	$407,112	$416,391	$440,975	$-9,279

ARKANSAS ASPHALT PAVEMENT ASSOCIATION INC