MARYLAND READY-MIX CONCRETE ASSOCIATION INC (EIN 521119344) - 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

1978

Legal Domicile

Principal Officer

DOLORES KENNEDY

Phone

4102966777

Tax Period

2024-01-01 to 2024-12-31

MARYLAND READY-MIX CONCRETE ASSOCIATION INC, founded in 1978, is a small nonprofit that reported $621K in total revenue in fiscal year 2024.

Mission

SPONSORSHIP OF AND PARTICIPATION IN VARIOUS SHOWS AND CONFERENCES PROMOTING THE READY MIX CONCRETE INDUSTRY. COORDINATE AND HOST MEMBERSHIP SEMINARS AND MEETINGS AND CONDUCT INSTRUCTIONAL CLASSES TO TRAIN AND CERTIFY TRADESPEOPLE IN THE PROPER USE OF READY MIX CONCRETE.

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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 $288,350

Program Service Revenue $314,136

Investment Income $18,852

Other Revenue $0

TOTAL REVENUE $621,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,128

Fundraising Expenses $0

Other Expenses $401,398

TOTAL EXPENSES $637,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,338	$631,434	0.0%
Expenses	$637,526	$567,752	+0.1%
Net Income	$-16,188	$63,682	-1.3%

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

123

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

$117,710

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOLORES KENNEDY	EXECUTIVE DI	40.00	Officer	$110,710	$7,000	$117,710
BRENDAN QUINN	DIRECTOR - P	1.00	Officer Director	$0	$0	$0
MATTHEW KNIGHTS	DIRECTOR - S	1.00	Officer Director	$0	$0	$0
JOE BARTLEY	DIRECTOR - T	1.00	Officer Director	$0	$0	$0
MICHAEL NEALE	PAST PRESIDE	1.00	Director	$0	$0	$0
BRANDON MYERS	DIRECTOR	1.00	Director	$0	$0	$0
GLENN KEITH	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK BRANDENBURG	DIRECTOR	1.00	Director	$0	$0	$0
TIM ALMANY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCPHEETERS	DIRECTOR	1.00	Director	$0	$0	$0
SAM SCHUSTER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KAVKA	DIRECTOR	1.00	Director	$0	$0	$0
SRIDHAR GOTETI	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PRIFTIS	DIRECTOR	1.00	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	$621,338	$637,526	$393,858	$-16,188
2023	$631,434	$567,752	$398,293	$63,682
2022	$507,671	$551,919	$313,306	$-44,248
2021	$425,324	$455,024	$420,751	$-29,700
2020	$366,162	$341,405	$428,403	$24,757
2019	$492,641	$509,204	$403,646	$-16,563
2018	$537,063	$522,635	$431,904	$14,428

MARYLAND READY-MIX CONCRETE ASSOCIATION INC