NATIONAL ASPHALT PAVEMENT ASSOC RESEARCH & EDUCATION FOUNDATIONINC

EIN: 521139667 501(c)(3) Community Improvement

GREENBELT, MD

Total Revenue
$374,963
Total Expenses
$372,349
Total Assets
$5,234,510
Net Assets
$5,234,510
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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
MD
Principal Officer
AUDREY COPELAND
Phone
3017314748
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASPHALT PAVEMENT ASSOC RESEARCH & EDUCATION FOUNDATIONINC, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $375K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $5.2M represent 168 months of operating reserves.

Mission

TO RAISE, MANAGE AND DISBURSE FUNDS TO CONDUCT AND IMPLEMENT RESEARCH AND EDUCATION PROGRAMS TO IMPROVE THE KNOWLEDGE, UNDERSTANDING AND SKILLS IN TECHNICAL AND MANAGEMENT AREAS RELATED TO ASPHALT DESIGN AND CONSTRUCTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $149,226
Program Service Revenue $0
Investment Income $216,059
Other Revenue $9,678
TOTAL REVENUE $374,963

Expense Breakdown

Grants Paid $318,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $318,300
Other Expenses $54,049
TOTAL EXPENSES $372,349

Year-over-Year Comparison

2023 2022 Change
Revenue $374,963 $303,267 +0.2%
Expenses $372,349 $397,352 -0.1%
Net Income $2,614 $-94,085 -1.0%
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
13
Independent Members
13
Employees
N/A
Volunteers
13

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
$877,996
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WINFORD CHAIRMAN 1.00
Officer Director
$0 $0 $0
DANIEL J GALLAGHER SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES A MITCHELL TREASURER 1.00
Officer Director
$0 $0 $0
JOHN J KEATING TRUSTEE 1.00
Director
$0 $0 $0
KURT BECHTHOLD TRUSTEE 1.00
Director
$0 $0 $0
JOHN L HARPER TRUSTEE 1.00
Director
$0 $0 $0
BAXTER BURNS TRUSTEE 1.00
Director
$0 $0 $0
RON SINES TRUSTEE 1.00
Director
$0 $0 $0
VINCE HAFELI TRUSTEE 1.00
Director
$0 $0 $0
PAULA G SHUFORD TRUSTEE 1.00
Director
$0 $0 $0
CHRISTIAN ZIMMERMAN TRUSTEE 1.00
Director
$0 $0 $0
BRADY D MELDREM TRUSTEE 1.00
Director
$0 $0 $0
PATRICK NELSON TRUSTEE 1.00
Director
$0 $0 $0
AUDREY COPELAND PRESIDENT & CEO 2.50
Officer
$0 $103,643 $588,771
MELANIE RICHARDSON VP OF FINANCE & OPERATIONS 5.00
Officer
$0 $79,283 $289,225
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 $374,963 $372,349 $5,234,510 $2,614
2022 $303,267 $397,352 $4,985,842 $-94,085
2021 $388,872 $446,413 $5,964,767 $-57,541
2020 $334,786 $346,987 $5,722,651 $-12,201
2019 $286,351 $295,261 $5,489,620 $-8,910
2018 $1,228,523 $258,191 $5,173,420 $970,332
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