ILLINOIS CONCRETE PAVEMENT ASSOCIATION (EIN 371369089) - 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

1995

Legal Domicile

Principal Officer

ROB RESCOT

Phone

2175534756

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS CONCRETE PAVEMENT ASSOCIATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $273K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 17% operating margin.

Mission

COUNSEL, ADVISE AND RENDER MXIMUM ASSISTANCE IN THE CONCEPTION AND PLANNING OF ROADS AND OTHER

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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 $0

Program Service Revenue $273,444

Investment Income $2

Other Revenue $0

TOTAL REVENUE $273,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,904

Fundraising Expenses $0

Other Expenses $40,075

TOTAL EXPENSES $227,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,446	$149,439	+0.8%
Expenses	$227,979	$228,424	0.0%
Net Income	$45,467	$-78,985	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BARKEMA	DIRECTOR	N/A	Director	$0	$0	$0
JASON CHOJNACKI	DIRECTOR	N/A	Director	$0	$0	$0
GLENN EDER	DIRECTOR	N/A	Director	$0	$0	$0
KURT EWOLDT	DIRECTOR	N/A	Director	$0	$0	$0
GERRY KROZEL	DIRECTOR	N/A	Director	$0	$0	$0
DAVID LORIG	DIRECTOR	N/A	Director	$0	$0	$0
BOB NOWICKI	DIRECTOR	N/A	Director	$0	$0	$0
JIM POSADNY	DIRECTOR	N/A	Director	$0	$0	$0
BILL SAVOREE	DIRECTOR	N/A	Director	$0	$0	$0
ROB RESCOT	EXECUTIVE DI	N/A	Officer	$0	$0	$0
JEL SJOSTROM	SECRETARY/TR	N/A	Officer	$0	$0	$0
RICK SNIEGOWSKI	CHAIRMAN	N/A	Officer	$0	$0	$0
GERALD VOIGT	PRESIDENT	N/A	Officer	$0	$0	$0
JOE WEISHAAR	VICE CHAIRMA	N/A	Officer	$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	$273,446	$227,979	$74,953	$45,467
2023	$149,439	$228,424	$49,297	$-78,985
2022	$198,743	$201,965	$134,626	$-3,222
2021	$250,897	$202,214	$137,848	$48,683
2020	$208,331	$218,224	$128,441	$-9,893
2019	$276,890	$279,189	$164,009	$-2,299

ILLINOIS CONCRETE PAVEMENT ASSOCIATION