WISCONSIN READY MIXED CONCRETE ASS… - 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

1949

Legal Domicile

Principal Officer

CHERISH SCHWENN

Phone

6082506304

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN READY MIXED CONCRETE ASSOCIATION INC, founded in 1949, is a small nonprofit that reported $569K in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE WISCONSIN READY MIXED CONCRETE ASSOCIATION IS TO ADVANCE THE CONCRETE INDUSTRY THROUGH ADVOCACY AND LEGISLATIVE ACTION, PROMOTION, AND EDUCATION.

Program Service Accomplishments

Program 1

YOUR MEMBERSHIP WITH THE WISCONSIN READY MIXED CONCRETE ASSOCIATION (WRMCA) PROVIDES VITAL SUPPORT TO AN ORGANIZATION THAT WORKS TO PROTECT YOU LEGISLATIVELY THROUGH REGULATORY IMPROVEMENTS ACROSS...

YOUR MEMBERSHIP WITH THE WISCONSIN READY MIXED CONCRETE ASSOCIATION (WRMCA) PROVIDES VITAL SUPPORT TO AN ORGANIZATION THAT WORKS TO PROTECT YOU LEGISLATIVELY THROUGH REGULATORY IMPROVEMENTS ACROSS WISCONSIN AND NATIONALLY. WRMCA ALSO WORKS TO RAISE THE LEVEL OF PROFESSIONALISM OF THOSE WORKING WITHIN THE INDUSTRY. BY UTILIZING THE SERVICES THE WRMCA HAS TO OFFER--THE MANY MEMBER BENEFITS, THE EDUCATIONAL OPPORTUNITIES, MARKETING TOOLS AND MANY NETWORKING EVENTS--YOU WILL BE ABLE TO IMPROVE YOUR BOTTOM LINE AND BE PART OF A DYNAMIC GROUP OF PROFESSIONALS. THE WRMCA PROVIDES A VALUABLE FORUM OF SUPPORT AND COMMUNICATION AMONG READY MIX INDUSTRY STAKEHOLDERS IN WISCONSIN AND MICHIGAN'S UPPER PENINSULA, ADVANCING THE INDUSTRY THROUGH LEGISLATIVE, PROMOTIONAL, AND EDUCATIONAL ARENAS. AS A WRMCA MEMBER, YOU HAVE THE BENEFIT OF THE ASSOCIATION'S OVER 75 YEARS REPRESENTING THE INTERESTS OF THE READY MIXED INDUSTRY. WE ARE COMPRISED OF OVER 100 MEMBERS INCLUDING READY MIXED PRODUCERS AS WELL AS SUPPLIERS AND SERVICE PROVIDERS.

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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 $559,400

Investment Income $6,850

Other Revenue $2,501

TOTAL REVENUE $568,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $560,642

TOTAL EXPENSES $560,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,751	$535,029	+0.1%
Expenses	$560,642	$548,536	+0.0%
Net Income	$8,109	$-13,507	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE RIVECCA	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE KNADLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON PETERSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT ZIGNEGO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STEFONIK	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HEMENWAY	DIRECTOR	1.00	Director	$0	$0	$0
DAN LARGE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KEPLER	DIRECTOR	1.00	Director	$0	$0	$0
CASSIE KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH NAULT	DIRECTOR	1.00	Director	$0	$0	$0
MATT FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TEWS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DAHL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PIEKARSKI	DIRECTOR	1.00	Director	$0	$0	$0
RICK ROSS	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY OWINGS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BEHNKE	DIRECTOR	1.00	Director	$0	$0	$0
TODD BROCKMAN	DIRECTOR	1.00	Director	$0	$0	$0
TODD SCHULZ	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS WISE	DIRECTOR	1.00	Director	$0	$0	$0
WALLY JANKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHERISH SCHWENN	EXECUTIVE DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$568,751	$560,642	$410,631	$8,109
2022	$535,029	$548,536	$336,363	$-13,507
2021	$487,883	$464,945	$415,153	$22,938
2020	$534,652	$472,539	$355,127	$62,113
2019	$525,229	$512,867	$236,927	$12,362
2018	$545,378	$491,853	$249,674	$53,525

WISCONSIN READY MIXED CONCRETE ASSOCIATION INC