FP2 INC

EIN: 364658147 Community Improvement

GLEN ELLYN, IL

Total Revenue
$401,909
Total Expenses
$337,340
Total Assets
$336,727
Net Assets
$333,485
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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
2009
Legal Domicile
DC
Principal Officer
RICK CHURCH
Phone
6302301397
Tax Period
2024-01-01 to 2024-12-31

FP2 INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $402K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $65K, a strong 16% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION SHALL BE TO PROMOTE PAVEMENT PRESERVATION AS A PROACTIVE APPROACH IN MAINTAINING OUR HIGHWAYS; TO PROMOTE AND EDUCATE THE PUBLIC ON THE VALUE OF PAVEMENT PRESERVATION IN REDUCING THE USE OF NEW VIRGIN ROAD MATERIALS, REDUCING ENERGY COSTS AND REDUCING GREEN HOUSE GASES; AND TO CONDUCT RESEARCH AND STUDIES ON PAVEMENT PRESERVATION METHODOLOGIES.

Program Service Accomplishments

Program 1

THE ORGANIZATION SEEKS TO EDUCATE, INFLUENCE, AND INFORM THE PUBLIC, AGENCIES, TRADE ASSOCIATIONS, LEGISLATORS, AND PRESERVATION PARTNERSHIPS ABOUT THE BENEFITS OF PRESERVING OUR EXISTING HIGHWAY...

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THE ORGANIZATION SEEKS TO EDUCATE, INFLUENCE, AND INFORM THE PUBLIC, AGENCIES, TRADE ASSOCIATIONS, LEGISLATORS, AND PRESERVATION PARTNERSHIPS ABOUT THE BENEFITS OF PRESERVING OUR EXISTING HIGHWAY SYSTEM IN AN ACCEPTABLE MANNER TO USERS AND FREIGHT HAULERS. THE GOAL OF PRESERVATION IS ACHIEVED BY ADVOCATING NATIONAL POLICIES; BY PROMOTIONAL ACTIVITIES LIKE TRADE SHOWS AND OTHER VENUES; AND BY SUPPORTING RESEARCH PROGRAMS LIKE THE NATIONAL CENTER FOR PAVEMENT PRESERVATION AT MICHIGAN STATE UNIVERSITY IN ACCORDANCE WITH THE PRESERVATION RESEARCH ROADMAP RECENTLY PUBLISHED BY THE FEDERAL HIGHWAY ADMINISTRATION THROUGH GRANTS AND PROJECT SOLICITATIONS.

Program 2

FUNDING OF A TEST TRACK ON WHICH DIFFERENT TYPES OF PAVEMENT VIABILITY STUDIES ARE CONDUCTED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $391,000
Program Service Revenue $0
Investment Income $4,719
Other Revenue $6,190
TOTAL REVENUE $401,909

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $287,340
TOTAL EXPENSES $337,340

Year-over-Year Comparison

2024 2023 Change
Revenue $401,909 $448,404 -0.1%
Expenses $337,340 $270,077 +0.2%
Net Income $64,569 $178,327 -0.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
20

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
5
$80,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE WELBORN DIRECTOR 1.00
Director
$0 $0 $0
PETER GRASS DIRECTOR 1.00
Director
$0 $0 $0
DAN KOENINGER DIRECTOR 1.00
Director
$0 $0 $0
BOB HUITT DIRECTOR 1.00
Director
$0 $0 $0
DARREN COUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
BRETT WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BETSOLD EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
DAVE HENDERSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK ISHEE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM HARRAWOOD PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
RICK CHURCH EXECUTIVE DIRECTOR 60.00
Officer
$80,000 $0 $80,000
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 $401,909 $337,340 $336,727 $64,569
2023 $448,404 $270,077 $272,274 $178,327
2022 $334,249 $385,553 $94,019 $-51,304
2021 $391,983 $329,679 $148,199 $62,304
2020 $366,968 $321,738 $92,413 $45,230
2019 $388,847 $422,057 $47,679 $-33,210
2018 $321,964 $319,783 $73,823 $2,181
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