Illinois Asphalt Pavement Association

EIN: 370730508

Springfield, IL

Total Revenue
$914,381
Total Expenses
$939,842
Total Assets
$939,607
Net Assets
$753,570
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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
1938
Legal Domicile
IL
Principal Officer
Kevin Burke III
Phone
2175232208
Tax Period
2023-01-01 to 2023-12-31

Illinois Asphalt Pavement Association, founded in 1938, is a small nonprofit that reported $710K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $673K left a modest 5% surplus.

Mission

To promote and educate the advantages of asphalt pavement construction.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,700
Program Service Revenue $816,311
Investment Income $24,712
Other Revenue $53,658
TOTAL REVENUE $914,381

Expense Breakdown

Grants Paid $23,000
Salaries & Benefits $364,444
Fundraising Expenses $0
Other Expenses $552,398
TOTAL EXPENSES $939,842

Year-over-Year Comparison

2023 2022 Change
Revenue $914,381 $876,939 +0.0%
Expenses $939,842 $883,722 +0.1%
Net Income $-25,461 $-6,783 +2.8%
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
30
Independent Members
30
Employees
1
Volunteers
30

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
$241,251
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Weatherholt Board Member 1.00
Director
$0 $0 $0
Annie Bigane Wilson Board Member 1.00
Director
$0 $0 $0
Art Baker Board Member 1.00
Director
$0 $0 $0
Beck Simonds Board Member 1.00
Director
$0 $0 $0
Ben Holstrom Board Member 1.00
Director
$0 $0 $0
Craig Robeen Board Member 1.00
Director
$0 $0 $0
Dan Gallagher NAPA State Director 5.00
Officer Director
$0 $0 $0
Dan Plote Board Member 1.00
Director
$0 $0 $0
David King Board Member 1.00
Director
$0 $0 $0
Geri Boyer Board Member 1.00
Director
$0 $0 $0
Holly Adams Secretary/Treasurer 5.00
Officer Director
$0 $0 $0
Jason Danielson Board Member 1.00
Director
$0 $0 $0
Jim Bruner Board Member 1.00
Director
$0 $0 $0
Jim Trost Board Member 1.00
Director
$0 $0 $0
Joe Lamb President 5.00
Officer Director
$0 $0 $0
John Healy Board Member 1.00
Director
$0 $0 $0
John Lynch Board Member 1.00
Director
$0 $0 $0
John P Bryan Board Member 1.00
Director
$0 $0 $0
Ken Kilian Board Member 1.00
Director
$0 $0 $0
Ken Sadeno Board Member 1.00
Director
$0 $0 $0
Matt Marketti Board Member 1.00
Director
$0 $0 $0
Matt Vondra Board Member 1.00
Director
$0 $0 $0
Mike Cullinan Board Member 1.00
Director
$0 $0 $0
Mike Leopardo Vice President 5.00
Officer Director
$0 $0 $0
Robert G Krug Board Member 1.00
Director
$0 $0 $0
Rod Beyers Board Member 1.00
Director
$0 $0 $0
Ryan Gandy Board Member 1.00
Director
$0 $0 $0
Steve Kennedy Board Member 1.00
Director
$0 $0 $0
Steve Nelson Board Member 1.00
Director
$0 $0 $0
Steve Peterson Board Member 1.00
Director
$0 $0 $0
Kevin Burke III Executive Vice President 40.00
Officer
$194,588 $46,663 $241,251
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 $914,381 $939,842 $939,607 $-25,461
2022 $876,939 $883,722 $984,556 $-6,783
2021 $703,549 $774,241 $817,747 $-70,692
2020 $733,681 $740,673 $880,745 $-6,992
2019 $782,534 $797,625 $1,127,093 $-15,091
2018 $710,479 $673,246 $1,241,705 $37,233
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