CAROLINA ASPHALT PAVEMENT ASSOCIATION I (EIN 560511901) - 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

1949

Legal Domicile

Principal Officer

ELLIS POWELL

Phone

9198388004

Tax Period

2023-01-01 to 2023-12-31

CAROLINA ASPHALT PAVEMENT ASSOCIATION I, founded in 1949, is a small nonprofit that reported $992K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $954K left a modest 4% surplus.

Mission

REPRESENT NC ASPHALT PRODUCERS AND OTHER COMPANIES INVOLVED IN THE ASPHALT PAVEMENT INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $956,748

Investment Income $17,996

Other Revenue $17,736

TOTAL REVENUE $992,480

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $455,776

Fundraising Expenses $0

Other Expenses $487,914

TOTAL EXPENSES $953,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$992,480	$911,906	+0.1%
Expenses	$953,690	$959,455	0.0%
Net Income	$38,790	$-47,549	-1.8%

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

$339,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVAN CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
READE DAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY KATHERINE HARBIN	EX-OFFICIO	1.00	Officer Director	$0	$0	$0
JOHN BARRETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DON DEDMON SR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB BARNHILL III	BOARD MEMBER	1.00	Director	$0	$0	$0
THUMPER SWANN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLEN HENDRICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MCCAULEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE TOM HUDSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILEY ROARK	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD QUIGG	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LITTELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN GURGANUS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LARRY BRICKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIS POWELL	EXECUTIVE DIRECTOR	40.00	Officer	$306,046	$33,600	$339,646

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	$992,480	$953,690	$1,687,383	$38,790
2022	$911,906	$959,455	$1,622,137	$-47,549
2021	$779,094	$702,734	$1,361,344	$76,360
2020	$721,843	$793,335	$1,272,070	$-71,492
2019	$1,012,170	$859,600	$1,360,538	$152,570
2018	$892,470	$793,413	$1,199,194	$99,057

CAROLINA ASPHALT PAVEMENT ASSOCIATION I