ASPHALT INSTITUTE FOUNDATION INC

EIN: 471154832 501(c)(3) Employment

LEXINGTON, KY

Total Revenue
$661,373
Total Expenses
$499,077
Total Assets
$4,849,437
Net Assets
$4,686,454
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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
2014
Legal Domicile
KY
Principal Officer
REED RYAN
Phone
8592884960
Tax Period
2024-01-01 to 2024-12-31

ASPHALT INSTITUTE FOUNDATION INC, founded in 2014, is a small nonprofit in the Employment sector that reported $661K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $162K, a strong 25% operating margin.

Mission

TO CONDUCT STRATEGIC RESEARCH AND EDUCATIONAL ACTIVITIES - "SEE SCHEDULE O FOR CONTINUATION"

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $490,402
Program Service Revenue $0
Investment Income $214,022
Other Revenue $-43,051
TOTAL REVENUE $661,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,315
Program Expenses $413,160
Other Expenses $499,077
TOTAL EXPENSES $499,077

Year-over-Year Comparison

2024 2023 Change
Revenue $661,373 $890,236 -0.3%
Expenses $499,077 $244,265 +1.0%
Net Income $162,296 $645,971 -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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
54

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
2
$725,132
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BARRINGTON CHAIR 3.00
Director
$0 $0 $0
BOB CHEEVER VICE CHAIR 1.00
Director
$0 $0 $0
SEAN JENDRY TREASURER 1.00
Director
$0 $0 $0
JEREMY ALEXANDER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
DAVE HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
LEE SCHLOSS DIRECTOR 1.00
Director
$0 $0 $0
PATRICK NATION DIRECTOR 1.00
Director
$0 $0 $0
CHARLES BOAN AI VICE CHAIR 1.00
Director
$0 $0 $0
HAROLD CHIP RAY IMMEDIATE PAST AIF BOARD CHAIR 1.00
Director
$0 $0 $0
RALPH SHIRTS DIRECTOR 1.00
Director
$0 $0 $0
LAURAND LEWANDOWSKI DIRECTOR 1.00
Director
$0 $0 $0
PETER GRASS PRESIDENT 7.30
Officer
$0 $27,083 $538,643
DANIELLE STEINBERG DIRECTOR OF FINANCE AND ADMINISTRATION 4.50
Officer
$0 $34,603 $186,489
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 $661,373 $499,077 $4,849,437 $162,296
2023 $890,236 $244,265 $4,453,054 $645,971
2022 $895,988 $337,089 $3,122,274 $558,899
2021 $874,436 $249,471 $3,293,757 $624,965
2020 $334,003 $83,268 $2,655,907 $250,735
2019 $1,486,913 $92,496 $2,119,591 $1,394,417
2018 $264,871 $52,749 $642,405 $212,122
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