NATIONAL READY MIXED CONCRETE ASSOCIATION (EIN 530116046) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

MICHAEL PHILIPPS

Phone

7037064800

Tax Period

2023-01-01 to 2023-12-31

NATIONAL READY MIXED CONCRETE ASSOCIATION, founded in 1930, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2018. Expenses of $13.8M left a modest 6% surplus.

Mission

THE NATIONAL READY MIXED CONCRETE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROVIDE A MEANS THROUGH WHICH MEMBERS OF THE READY MIXED CONCRETE INDUSTRY MAY COORDINATE THEIR EFFORTS IN HANDLING ISSUES OF COMMON CONCERN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $925,897

Program Service Revenue $15,379,333

Investment Income $135,167

Other Revenue $4,472,493

TOTAL REVENUE $20,912,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,702,812

Fundraising Expenses $0

Other Expenses $9,472,655

TOTAL EXPENSES $20,175,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,912,890	$18,607,848	+0.1%
Expenses	$20,175,467	$17,787,243	+0.1%
Net Income	$737,423	$820,605	-0.1%

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

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

$553,475

Total Directors

$553,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PHILIPPS	President	37.50	Officer Director	$488,328	$65,147	$553,475
Joseph Roche	CFO	37.50		$262,127	$56,161	$318,288
Brian Killingsworth	EVP, Local Paving	37.50		$221,524	$51,693	$273,217
Greg Lewis	CCO	37.50		$239,799	$29,232	$269,031
Nicole Maher	COO	37.50		$238,613	$27,859	$266,472
Lionel Lemay	EVP, Stuct & Sust	37.50		$212,463	$44,210	$256,673
Adam Manatt	Chairman	1.00	Officer Director	$0	$0	$0
Nathan McKean	Vice Chairman	1.00	Officer Director	$0	$0	$0
Hall Chaney	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
John Holliday	Imm Past Chair	1.00	Officer Director	$0	$0	$0
DOUGLAS ANDERSON	Director	1.00	Director	$0	$0	$0
ANDREW ARNOLD	Director	1.00	Director	$0	$0	$0
SARAH BEASLEY	Director	1.00	Director	$0	$0	$0
Thor Becken	Director	1.00	Director	$0	$0	$0
Judd Beech	Director	1.00	Director	$0	$0	$0
STEVEN BISHOP	Director	1.00	Director	$0	$0	$0
JASON BLASE	Director	1.00	Director	$0	$0	$0
SCOTT BREWER	Director	1.00	Director	$0	$0	$0
Oliver Brooks	Director	1.00	Director	$0	$0	$0
Daryn Bundtrock	Director	1.00	Director	$0	$0	$0
EDILSON CHIMILOVSKI	Director	1.00	Director	$0	$0	$0
Herbert Burton	Director	1.00	Director	$0	$0	$0
Alex Car	Director	1.00	Director	$0	$0	$0
Bob Chandler	Director	1.00	Director	$0	$0	$0
Brendan Clemente	Director	1.00	Director	$0	$0	$0
John Cook	Director	1.00	Director	$0	$0	$0
Kurt Croell	Director	1.00	Director	$0	$0	$0
Craig Dauphinais	Director	1.00	Director	$0	$0	$0
G Carlton Golden Jr	Director	1.00	Director	$0	$0	$0
Derek Gordon	Director	1.00	Director	$0	$0	$0
Brian Gray	Director	1.00	Director	$0	$0	$0
Ron Hall	Director	1.00	Director	$0	$0	$0
Jarod Hendricks	Director	1.00	Director	$0	$0	$0
Les Howell	Director	1.00	Director	$0	$0	$0
Bart Jones	Director	1.00	Director	$0	$0	$0
Pete Knight	Director	1.00	Director	$0	$0	$0
Toby Lee	Director	1.00	Director	$0	$0	$0
Michael LeMonds	Director	1.00	Director	$0	$0	$0
Pete Lyons	Director	1.00	Director	$0	$0	$0
Rebecca McCollum	Director	1.00	Director	$0	$0	$0
Victor McMillan	Director	1.00	Director	$0	$0	$0
William Mullen	Director	1.00	Director	$0	$0	$0
David Nabavi	Director	1.00	Director	$0	$0	$0
Robert O'Brien	Director	1.00	Director	$0	$0	$0
Scott Olin	Director	1.00	Director	$0	$0	$0
TJ Oneglia	Director	1.00	Director	$0	$0	$0
Michael O'Regan	Director	1.00	Director	$0	$0	$0
Justin Ozinga	Director	1.00	Director	$0	$0	$0
Louis Petrillo	Director	1.00	Director	$0	$0	$0
Stephen Render	Director	1.00	Director	$0	$0	$0
Scott Reynolds	Director	1.00	Director	$0	$0	$0
Jay Ritchie	Director	1.00	Director	$0	$0	$0
Charles Rohde	Director	1.00	Director	$0	$0	$0
Terrence Savage	Director	1.00	Director	$0	$0	$0
James Schelzi	Director	1.00	Director	$0	$0	$0
Camilla Schroeder	Director	1.00	Director	$0	$0	$0
Cherish Schwenn	Director	1.00	Director	$0	$0	$0
Miles Shiver	Director	1.00	Director	$0	$0	$0
Larry Silvi III	Director	1.00	Director	$0	$0	$0
Brad Slabaugh	Director	1.00	Director	$0	$0	$0
D Van Smith	Director	1.00	Director	$0	$0	$0
Kirk Taylor	Director	1.00	Director	$0	$0	$0
Marc Tyson	Director	1.00	Director	$0	$0	$0
Rich Umbel	Director	1.00	Director	$0	$0	$0
Robb Vanderschaaff	Director	1.00	Director	$0	$0	$0
Tim Vaughn	Director	1.00	Director	$0	$0	$0
Joel Waters	Director	1.00	Director	$0	$0	$0
Kent Webber	Director	1.00	Director	$0	$0	$0
Chip Wildman	Director	1.00	Director	$0	$0	$0
TOM ZAIS	Director	1.00	Director	$0	$0	$0
TIM ZYNDA	Director	1.00	Director	$0	$0	$0
ALLEN HAMBLEN	Past Chairman	1.00	Director	$0	$0	$0
TED CHANDLER	Past Chairman	1.00	Director	$0	$0	$0
SCOTT PARSON	Past Chairman	1.00	Director	$0	$0	$0
Abbott Lawrence	Past Chairman	1.00	Director	$0	$0	$0
HENRY BATTEN	Past Chairman	1.00	Director	$0	$0	$0
TIMOTHY BECKEN	Past Chairman	1.00	Director	$0	$0	$0
RIC SUZIO	Past Chairman	1.00	Director	$0	$0	$0
Rodney Grogan	Past Chairman	1.00	Director	$0	$0	$0
John Carew	Past Chairman	1.00	Director	$0	$0	$0
JEFF BRYAN	Ex-officio vote	1.00	Director	$0	$0	$0
DAVID OJEDA	Ex-officio vote	1.00	Director	$0	$0	$0
Pierre Villere	Ex-officio vote	1.00	Director	$0	$0	$0
Matthew Walter	Ex-officio vote	1.00	Director	$0	$0	$0
Steve Antonoff	Ex-off non-vote	1.00	Director	$0	$0	$0
Duane Coy	Ex-off non-vote	1.00	Director	$0	$0	$0
DREW TURNER	Ex-off non-vote	1.00	Director	$0	$0	$0
Mike Brekken	Ex-off non-vote	1.00	Director	$0	$0	$0
Albert Romanach	Ex-off non-vote	1.00	Director	$0	$0	$0
Melissa Verwest	Ex-off non-vote	1.00	Director	$0	$0	$0
Corey Zollinger	Ex-off non-vote	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	No data	No data	No data	No data
2023	$20,912,890	$20,175,467	$17,538,689	$737,423
2022	$18,607,848	$17,787,243	$16,593,136	$820,605
2021	$17,293,907	$15,942,189	$12,636,357	$1,351,718
2020	$16,969,360	$15,688,109	$11,563,707	$1,281,251
2019	$15,604,293	$16,278,027	$10,391,111	$-673,734
2018	$14,706,022	$13,780,286	$8,252,809	$925,736

NATIONAL READY MIXED CONCRETE ASSOCIATION