THE MARYLAND ASPHALT ASSOCIATION I… - 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

1954

Legal Domicile

Principal Officer

TIM SMITH

Phone

4107612160

Tax Period

2024-01-01 to 2024-12-31

THE MARYLAND ASPHALT ASSOCIATION INC, founded in 1954, is a small nonprofit that reported $856K in total revenue in fiscal year 2024. Expenses of $747K left a modest 13% surplus.

Mission

TO EDUCATE THE PAVING INDUSTRY THROUGH SEMINARS AND CONFERENCES. TO IMPROVE AND EXTEND THE USE OF ASPHALT IN PAVING ROADS. TO RENDER INFORMATION ON THE ASPHALT AND PAVING INDUSTRY TO ALL INTERESTED PARTIES.

Program Service Accomplishments

Program 1

IN PARTNERSHIP WITH THE MARYLAND DEPARTMENT OF TRANSPORTATION STATE HIGHWAY ADMINISTRATION (MDOT SHA), THE MARYLAND ASPHALT ASSOCIATION (MAA) OFFERS COMPREHENSIVE, SELF-PACED ONLINE TRAINING FOR HOT MIX ASPHALT (HMA) FIELD TECHNICIAN CERTIFICATION, BASED ON CURRENT STATE SPECIFICATIONS. REGISTRANTS RECEIVE ACCESS TO THE TRAINING, AS WELL AS A SUPPLEMENTAL MANUAL. THEY WORK THROUGH 13 TRAINING MODULES, FOLLOWED BY A REVIEW OF THE COURSEWORK. UPON PASSING THE ONLINE REVIEW, THEY MAY THEN REGISTER FOR AND TAKE THE CERTIFICATION EXAM, GIVEN BY MDOT SHA. THE MAA AND MDOT SHA ALSO OFFER ONCE-YEARLY HMA PLANT TECHNICIAN TRAINING (SUPERPAVE LEVEL II). FOR THIS, THE MAA COLLECTS REGISTRATION ON BEHALF OF THE MDOT SHA AND SECURES THE INSTRUCTOR.

Program 2

EACH YEAR, THE MARYLAND ASPHALT ASSOCIATION AND THE MARYLAND DEPARTMENT OF TRANSPORTATION STATE HIGHWAY ADMINISTRATION HOST THE ANNUAL PAVING CONFERENCE. THIS EVENT AVERAGES 500 ATTENDEES PER YEAR...

EACH YEAR, THE MARYLAND ASPHALT ASSOCIATION AND THE MARYLAND DEPARTMENT OF TRANSPORTATION STATE HIGHWAY ADMINISTRATION HOST THE ANNUAL PAVING CONFERENCE. THIS EVENT AVERAGES 500 ATTENDEES PER YEAR. THE PAVING CONFERENCE OFFERS RELEVANT PROGRAMMING TO GET THE ASPHALT INDUSTRY READY FOR A SUCCESSFUL PAVING SEASON. THE DAY OF EDUCATION CONCLUDES WITH A SHOWCASE OF PAVING BEST PRACTICES: THE MARYLAND EXCELLENCE IN PAVING AWARDS.

Program 3

THE MARYLAND ASPHALT ASSOCIATION WORKS THROUGHOUT THE YEAR TO INFORM ITS MEMBERS OF POTENTIALLY INTRUSIVE LEGISLATION, PROTECTING THE INDUSTRYS MARKET SHARE IN THE STATE. THIS IS ACCOMPLISHED THROUGH GRASSROOTS EFFORTS SUCH AS LETTER WRITING, CALLS, AND EMAILS. MAA LEADERS ALSO MEET WITH MARYLAND LEGISLATORS AND KEY ADMINISTRATIVE STAFF TO EDUCATE THEM ON THE ASPHALT INDUSTRY, ITS NEEDS AND ITS VITAL IMPACT IN THE STATE.

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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 $463,009

Program Service Revenue $361,652

Investment Income $31,104

Other Revenue $144

TOTAL REVENUE $855,909

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $384,571

Fundraising Expenses $0

Other Expenses $357,532

TOTAL EXPENSES $746,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$855,909	$891,884	0.0%
Expenses	$746,603	$652,211	+0.1%
Net Income	$109,306	$239,673	-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

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

$265,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM SMITH	PRESIDENT	40.00	Officer	$262,327	$3,334	$265,661
G MARSHALL KLINEFLTER	PAST PRESIDE	0.00		$13,399	$0	$13,399
BRUCE BERGERON	DIRECTOR	0.25	Director	$0	$0	$0
PAUL BRAMBLE	TREASURER	0.50	Officer Director	$0	$0	$0
JEREMY DICKSON	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS EISENHART	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM C ENSOR	DIRECTOR	0.25	Director	$0	$0	$0
DEANNA EWING-EVANS	DIRECTOR	0.25	Director	$0	$0	$0
DENNIS FAVERO	DIRECTOR	0.25	Director	$0	$0	$0
JAMES FOLDEN	DIRECTOR	0.25	Director	$0	$0	$0
JEFF GRAF	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CURTIS HALL	SECRETARY	0.25	Officer Director	$0	$0	$0
MILTON HERGET	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES J MILLER III	DIRECTOR	0.25	Director	$0	$0	$0
FRANCIS DAY IV	DIRECTOR	0.25	Director	$0	$0	$0
DAVID JONES	DIRECTOR	0.25	Director	$0	$0	$0
TONY KERNS	DIRECTOR	0.25	Director	$0	$0	$0
JOE LANEY	DIRECTOR	0.25	Director	$0	$0	$0
JIM LANGLEY	DIRECTOR	0.25	Director	$0	$0	$0
PAUL LESTER	DIRECTOR	0.25	Director	$0	$0	$0
DAVID LOVE	DIRECTOR	0.25	Director	$0	$0	$0
CHARL MARAIS	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN MCGRATH	DIRECTOR	0.25	Director	$0	$0	$0
MIKE MOSES	DIRECTOR	0.25	Director	$0	$0	$0
MEGAN OWINGS	DIRECTOR	0.25	Director	$0	$0	$0
LANCE PRICE	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS RUMER	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN RUSSELL	PAST CHAIRMA	0.25	Director	$0	$0	$0
NATHAN SCRIVENER	DIRECTOR	0.25	Director	$0	$0	$0
DAVE SLAUGHTER	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
MARK STERLING	DIRECTOR	0.25	Director	$0	$0	$0
ANTHONY TADDEO	DIRECTOR	0.25	Director	$0	$0	$0
CARL VOIGT	DIRECTOR	0.25	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	$855,909	$746,603	$1,179,055	$109,306
2023	$891,884	$652,211	$1,233,099	$239,673
2022	$772,892	$548,245	$815,973	$224,647
2021	$622,797	$485,582	$591,914	$137,215
2020	$560,628	$451,892	$452,586	$108,736
2019	$728,743	$597,568	$351,061	$131,175

THE MARYLAND ASPHALT ASSOCIATION INC