MICHIGAN CONCRETE ASSOCIATION (EIN 381871689) - 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

1968

Legal Domicile

Phone

5173477720

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN CONCRETE ASSOCIATION, founded in 1968, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 13% surplus.

Mission

PROMOTE AND ENCOURAGE THE USE AND CONSUMPTION OF THE CONCRETE INDUSTRY'S PRODUCTS AND SERVICES. FOCUSED ON THE HIGHWAY, LOCAL ROADS, PARKING LOT MARKET, AND HIGH RISE BUILDINGS.

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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 $103,262

Program Service Revenue $2,320,545

Investment Income $60,741

Other Revenue $2,177

TOTAL REVENUE $2,486,725

Expense Breakdown

Grants Paid $103,100

Salaries & Benefits $1,061,741

Fundraising Expenses $0

Program Expenses $0

Other Expenses $994,038

TOTAL EXPENSES $2,158,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,486,725	$2,291,311	+0.1%
Expenses	$2,158,879	$2,066,508	+0.0%
Net Income	$327,846	$224,803	+0.5%

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

100

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

$181,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIENNE HEIDEMA	SECRETARY	1.0	Officer Director	$0	$0	$0
DAVE DIEDRICK	E.C. MEMBER AT LARGE	1.0	Officer Director	$0	$0	$0
DOREEN LANNI	TREASURER	1.0	Officer Director	$0	$0	$0
JEFF ARDELEAN	PRESIDENT	1.0	Officer Director	$0	$0	$0
KEVIN COTTER	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
TOM MCCURRY	PAST PRESIDENT	1.0	Officer Director	$0	$0	$0
ANDREW DEFINIS	DIRECTOR	1.0	Director	$0	$0	$0
BILL HARTSOCK	DIRECTOR	1.0	Director	$0	$0	$0
BOB NAGLE	DIRECTOR	1.0	Director	$0	$0	$0
BRAD STOVER	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES DAY	DIRECTOR	1.0	Director	$0	$0	$0
HUGO GALLEGOS	DIRECTOR	1.0	Director	$0	$0	$0
JAMES MALENICH II	DIRECTOR - PART YEAR	1.0	Director	$0	$0	$0
JEFF KRUPCALE	DIRECTOR	1.0	Director	$0	$0	$0
LORI SPEARE	DIRECTOR	1.0	Director	$0	$0	$0
MIKE ARNOLD	DIRECTOR	1.0	Director	$0	$0	$0
MIKE DEFINIS	DIRECTOR - PART YEAR	1.0	Director	$0	$0	$0
MILO EISENSTEIN	DIRECTOR	1.0	Director	$0	$0	$0
ROB VIOLA	DIRECTOR	1.0	Director	$0	$0	$0
STEVEN WAALKES	EXECUTIVE DIRECTOR/CEO	40.0	Officer	$149,414	$31,676	$181,090

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	$2,486,725	$2,158,879	$2,638,399	$327,846
2024	$2,291,311	$2,066,508	$2,326,774	$224,803
2023	$2,117,430	$2,057,241	$2,059,213	$60,189
2022	$1,998,106	$1,889,485	$1,979,902	$108,621
2021	$1,735,066	$1,810,322	$1,873,181	$-75,256
2020	$1,849,850	$1,736,909	$2,005,816	$112,941
2019	$2,005,669	$1,716,417	$1,853,048	$289,252
2018	$1,915,648	$1,700,817	$1,883,585	$214,831

MICHIGAN CONCRETE ASSOCIATION