VIRGINIA READY MIXED CONCRETE ASSOCIATION INCORPORATED (EIN 540490367) - 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

1949

Legal Domicile

Principal Officer

DOUG EASTER

Phone

4349773716

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA READY MIXED CONCRETE ASSOCIATION INCORPORATED, founded in 1949, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Expenses of $900K left a modest 11% surplus.

Mission

THE MISSION OF THE ASSOCIATION IS TO PROVIDE THE ENVIRONMENT, PROGRAMS, ACTIVE MEMBERSHIP BASE, AND STAFF TO ADVANCE THE READY-MIXED CONCRETE INDUSTRY IN VIRGINIA THROUGH EDUCATION, GOVERNMENT RELATIONS, COMPLIANCE WITH FEDERAL AND STATE REGULATIONS, AND THE PROMOTION OF THE USE OF CONCRETE.

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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 $8,945

Program Service Revenue $957,422

Investment Income $15,012

Other Revenue $0

TOTAL REVENUE $981,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,768

Fundraising Expenses $0

Other Expenses $839,460

TOTAL EXPENSES $1,002,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$981,379	$998,992	0.0%
Expenses	$1,002,228	$935,379	+0.1%
Net Income	$-20,849	$63,613	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT O'BRIAN JR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TED KNIGHT	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
JEFF SLAGLE	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
TIM ALMANY	DIRECTOR	2.00	Director	$0	$0	$0
JOE BARTLEY	DIRECTOR	2.00	Director	$0	$0	$0
LARRY BULLOCK	DIRECTOR	2.00	Director	$0	$0	$0
MATT ERWIN	DIRECTOR	2.00	Director	$0	$0	$0
DON INGRASSANO	DIRECTOR	2.00	Director	$0	$0	$0
BRAD MEYERS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MIKE THOMPSON	DIRECTOR	2.00	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	$981,379	$1,002,228	$1,227,767	$-20,849
2022	$998,992	$935,379	$1,157,686	$63,613
2021	$933,633	$861,112	$1,052,298	$72,521
2020	$841,849	$772,116	$911,894	$69,733
2019	$1,045,877	$947,864	$899,282	$98,013
2018	$1,012,687	$900,450	$791,199	$112,237

VIRGINIA READY MIXED CONCRETE ASSOCIATION INCORPORATED