ASPHALT PAVEMENT ASSOCIATION OF MICHIGAN (EIN 381371248) - 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

1950

Legal Domicile

Principal Officer

BRETT STANTON

Phone

5173237800

Tax Period

2024-01-01 to 2024-12-31

ASPHALT PAVEMENT ASSOCIATION OF MICHIGAN, founded in 1950, is a small nonprofit that reported $973K in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE ASPHALT PAVEMENT INDUSTRY AND REPRESENT AND SERVE THE COMMON INTERESTS OF ITS MEMBERS.

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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 $15,035

Program Service Revenue $909,565

Investment Income $48,464

Other Revenue $0

TOTAL REVENUE $973,064

Expense Breakdown

Grants Paid $62,872

Salaries & Benefits $497,568

Fundraising Expenses $0

Other Expenses $387,378

TOTAL EXPENSES $947,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$973,064	$982,961	0.0%
Expenses	$947,818	$885,587	+0.1%
Net Income	$25,246	$97,374	-0.7%

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

$216,576

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT T STANTON	EXECUTIVE DIRECTOR	40.00	Officer	$183,711	$32,865	$216,576
CHARLES E MILLS	DIRECTOR OF ENGINEERING	40.00	Highest	$146,484	$20,674	$167,158
JON LEACH	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WITT	DIRECTOR	1.00	Director	$0	$0	$0
PETE CAPON	DIRECTOR	1.00	Director	$0	$0	$0
COREY CURNUTTE	DIRECTOR	1.00	Director	$0	$0	$0
DEVEN RAU	DIRECTOR	1.00	Director	$0	$0	$0
RICK THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BODEN	SECRETARY (ENDED 9/24)	1.00	Officer Director	$0	$0	$0
KIRK BREUKINK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE FORTIER	TREASURER	1.00	Officer Director	$0	$0	$0
GERY HARTMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON REINHARDT	PAST PRESIDENT	1.00	Officer Director	$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	$973,064	$947,818	$1,511,499	$25,246
2023	$982,961	$885,587	$1,445,252	$97,374
2022	$976,568	$877,352	$1,221,369	$99,216
2021	$1,053,775	$747,507	$1,181,917	$306,268
2020	$1,138,586	$598,925	$1,318,639	$539,661
2019	$1,209,075	$1,662,340	$1,045,966	$-453,265
2018	$782,264	$664,871	$754,946	$117,393

ASPHALT PAVEMENT ASSOCIATION OF MICHIGAN