ASPHALT PAVEMENT ASSOCIATION OF NEW MEXICO INC

EIN: 471436284 Community Improvement

ALBUQUERQUE, NM

Total Revenue
$258,966
Total Expenses
$329,857
Total Assets
$301,652
Net Assets
$179,978
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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
NM
Principal Officer
DAN LEWIS
Phone
5058318811
Tax Period
2024-01-01 to 2024-12-31

ASPHALT PAVEMENT ASSOCIATION OF NEW MEXICO INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $259K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $330K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROMOTE IMPROVEMENT AND ADVANCEMENT OF QUALITY ASPHALT PAVEMENT CONSTRUCTION AND TO PROVIDE ASSISTANCE TO MEMBERS IN THE AREAS OF RESEARCH, TECHNICAL SPECIFICATIONS, ENVIRONMENTAL ISSUES, EDUCATION, PROMOTION GOVERNMENT RELATIONS, AND OTHER RELATED AREAS.

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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 $53,617
Program Service Revenue $224,345
Investment Income $1,948
Other Revenue $-20,944
TOTAL REVENUE $258,966

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $169,834
Fundraising Expenses $0
Other Expenses $158,523
TOTAL EXPENSES $329,857

Year-over-Year Comparison

2024 2023 Change
Revenue $258,966 $175,853 +0.5%
Expenses $329,857 $151,684 +1.2%
Net Income $-70,891 $24,169 -3.9%
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
10
Independent Members
10
Employees
1
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
5
$149,200
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LEWIS EXECUTIVE DI 40.00
Officer
$149,200 $0 $149,200
PAUL APPEL PRESIDENT 2.50
Officer Director
$0 $0 $0
DALE ARMSTRONG DIRECTOR 1.50
Director
$0 $0 $0
RYAN BROWN SECRETARY/TR 1.50
Officer Director
$0 $0 $0
GILBERT CLEMENTE VICE PRESIDE 1.50
Officer Director
$0 $0 $0
COLLIN JAMES DIRECTOR 1.50
Director
$0 $0 $0
DAVID OTOSKI DIRECTOR 1.50
Director
$0 $0 $0
CORY PEYTON DIRECTOR/PRE 2.50
Officer Director
$0 $0 $0
MO RAHMON DIRECTOR 1.50
Director
$0 $0 $0
PATRICK SHAW DIRECTOR 1.50
Director
$0 $0 $0
ROBERT WOOD DIRECTOR 1.50
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
2024 $258,966 $329,857 $301,652 $-70,891
2023 $175,853 $151,684 $211,447 $24,169
2022 $196,640 $187,581 $213,461 $9,059
2021 $179,072 $186,828 $194,361 $-7,756
2020 $152,379 $170,761 $204,818 $-18,382
2019 $190,825 $200,220 $223,057 $-9,395
2018 $255,530 $241,374 $236,726 $14,156
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