MICHIGAN AGGREGATES ASSOCIATION (EIN 382343279) - 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

1980

Legal Domicile

Principal Officer

DOUGLAS NEEDHAM

Phone

5173811732

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN AGGREGATES ASSOCIATION, founded in 1980, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $261K, a strong 23% operating margin.

Mission

TO PROTECT AND PROMOTE THE INTERESTS, GROWTH AND WELFARE OF THE MICHIGAN AGGREGATES INDUSTRY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,067,947

Investment Income $60,108

Other Revenue $27,283

TOTAL REVENUE $1,155,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,218

Fundraising Expenses $0

Other Expenses $546,462

TOTAL EXPENSES $894,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,155,338	$992,600	+0.2%
Expenses	$894,680	$897,769	0.0%
Net Income	$260,658	$94,831	+1.7%

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

$265,905

Total Directors

$265,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SCHLEGEL	CHAIR	2.00	Officer Director	$0	$0	$0
SKY CHENEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TODD COLBERG	TREASURER	2.00	Officer Director	$0	$0	$0
RICK KIDD	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
JOHN ABBITT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI CARR	DIRECTOR	1.00	Director	$0	$0	$0
TERRY ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHAUNCEY HALLIDAY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN O'MARA	DIRECTOR	1.00	Director	$0	$0	$0
DAN SNIEGOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
GREG PEASE	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GATES	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ROUTLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER TOMICIC	DIRECTOR	1.00	Director	$0	$0	$0
DAN BALKEMA	EX-OFFICIO D	1.00	Director	$0	$0	$0
RICK BECKER	EX-OFFICIO D	1.00	Director	$0	$0	$0
ROBERT W WILSON	EX-OFFICIO D	1.00	Director	$0	$0	$0
GREG THOMAS	EX-OFFICIO D	1.00	Director	$0	$0	$0
CLIFF HALLIDAY JR	EX-OFFICIO D	1.00	Director	$0	$0	$0
BOB NOBBS	EX-OFFICIO D	1.00	Director	$0	$0	$0
JEFFERY W WILSON	EX-OFFICIO D	1.00	Director	$0	$0	$0
G CHARLES HUBSCHER	EX-OFFICIO D	1.00	Director	$0	$0	$0
DOUGLAS NEEDHAM	EXECUTIVE DI	40.00	Officer Director	$245,400	$20,505	$265,905

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	$1,155,338	$894,680	$1,211,718	$260,658
2022	$992,600	$897,769	$848,837	$94,831
2021	$875,502	$691,247	$924,230	$184,255
2020	$776,836	$593,071	$649,102	$183,765
2019	$968,177	$838,603	$449,718	$129,574
2018	$815,967	$693,528	$319,821	$122,439

MICHIGAN AGGREGATES ASSOCIATION