CAROLINA ASPHALT PAVEMENT ASSOCIATION I

EIN: 560511901

RALEIGH, NC

Total Revenue
$992,480
Total Expenses
$953,690
Total Assets
$1,687,383
Net Assets
$1,320,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
NC
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

TO PROMOTE THE USE OF HOT MIXED ASPHALT, AND TO PROVIDE MEMBERS WITH THE SERVICES THAT ENABLE THEM TO PRODUCE HIGH QUALITY PAVING MATERIALS IN THE MOST TECHNICALLY AND COST EFFICIENT MANNER. THE ASSOCIATION REGULARLY SPONSORS SEMINARS AND WORKSHOPS ON A VARIETY OF TECHNICAL SUBJECTS. CAPA TAKES AN ACTIVE ROLE IN GOVERNMENTAL AFFAIRS, REPRESENTING THE INDUSTRY'S VIEWPOINTS AND CONCERNS TO VARIOUS PUBLIC AGENGIES AND GOVERNING BODIES ON ENVIRONMENTAL, ENGINEERING, AND LEGISLATIVE ISSUES.

Program Service Accomplishments

Program 1

CAPA PROMOTES SUSTAINED AND INCREASED TRANSPORTATION FUNDING FOR HIGHWAY PROJECTS, CONTRACT RESURFACING AND PAVEMENT PRESERVATION. CAPA BELIEVES THAT INVESTING IN TRANSPORTATION FUNDING IS THE BEST...

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CAPA PROMOTES SUSTAINED AND INCREASED TRANSPORTATION FUNDING FOR HIGHWAY PROJECTS, CONTRACT RESURFACING AND PAVEMENT PRESERVATION. CAPA BELIEVES THAT INVESTING IN TRANSPORTATION FUNDING IS THE BEST INVESTMENT OF NORTH CAROLINA TAX DOLLARS. IT PROVIDES FUNDS TO MAINTAIN AND IMPROVE OUR ROADS. IT ALSO PROVIDES JOBS TO DESIGN AND BUILD THE PROJECTS AS WELL AS JOBS IN RETAINING AND ATTRACTING BUSINESS THAT ENJOY A GREAT TRANSPORTATION SYSTEM.THE ROAD SYSTEM IS THE BACKBONE OF THIS GREAT STATE AND IT SERVES EVERY CITIZEN OF NORTH CAROLINA BY PROVIDING A SAFE METHOD OF TRANSPORTATION FOR PEOPLE, GOODS AND SERVICES. CAPA MEMBERS PAVE THE MAJORITY OF NORTH CAROLINA'S ROADS, AND WORK WITH, AND FOR THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION (NCDOT) TO DELIVER THEIR ROAD PROGRAM. CAPA AND NCDOT CONSTANTLY WORK TOGETHER THROUGH COMMITTEES AND WORKSHOPS, TO ENSURE THE HIGHEST STANDARDS OF ENGINEERING ARE USED IN ROAD DESIGN AND CONSTRUCTION. CAPA MEMBERS, ALSO WORK WITH TOWNS AND MUNICIPALITIES TO DELIVER THEIR ROAD PROGRAMS. CAPA MEMBERS ARE HONORED TO PROVIDE THE MATERIALS AND MANPOWER TO BUILD AND MAINTAIN ROADS IN NORTH CAROLINA.

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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 $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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Governance

Voting Members
22
Independent Members
22
Employees
2
Volunteers
22

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
$339,646
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
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
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