CONCRETE PIPE ASSOCIATION OF MICHI… - 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

1950

Legal Domicile

Principal Officer

TOM WASHABAUGH

Phone

9898923545

Tax Period

2024-01-01 to 2024-12-31

CONCRETE PIPE ASSOCIATION OF MICHIGAN, founded in 1950, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. Expenses of $219K left a modest 12% surplus.

Mission

PROMOTE THE USE OF PRECAST CONCRETE PRODUCTS IN MICHIGAN OVER COMPETITIVE PRODUCTS, AND EDUCATE COMMUNITIES AND ENGINEERS ABOUT THE PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $209,128

CONDUCT EDUCATION FOR ENGINEERING STUDENTS, ROAD COMMISSIONS, DRAIN COMMISSIONS AND PROJECT SPECIFIERS TO EXPLAIN THE TECHNOLOGICAL ISSUES INVOLVED IN COMPLEX UNDERGROUND 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $248,655

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $248,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,128

Other Expenses $218,805

TOTAL EXPENSES $218,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,658	N/A	N/A
Expenses	$218,805	N/A	N/A
Net Income	$29,853	$0	N/A

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

N/A

Employees

N/A

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
TOM WASHABAUGH	PRESIDENT	1.00	Officer Director	$0	$0	$0
WES BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN KLOET	SECRETARY	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
2025	No data	No data	No data	No data
2024	$248,658	$218,805	$47,029	$29,853

CONCRETE PIPE ASSOCIATION OF MICHIGAN