CAROLINAS READY MIXED CONCRETE ASS… - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

CAROLINE P SUTTON

Phone

7047179199

Tax Period

2023-01-01 to 2023-12-31

CAROLINAS READY MIXED CONCRETE ASSOCIATION INC, founded in 1951, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 10% surplus.

Mission

TO PROVIDE MEMBER SUPPORT FOR PRODUCT PROMOTION, INDUSTRY ADVOCACY, EDUCATION, AND TECHNICAL SERVICES.

Program Service Accomplishments

Program 1

THE CRMCA CONVENTION IS AN EDUCATIONAL EVENT WHICH PROVIDES WORKING AREAS FOR MEMBERS TO COORDINATE THEIR EFFORTS IN SOLVING COMMON INDUSTRY PROBLEMS. THE EVENT OFFERS NETWORKING, PROFESSIONAL...

THE CRMCA CONVENTION IS AN EDUCATIONAL EVENT WHICH PROVIDES WORKING AREAS FOR MEMBERS TO COORDINATE THEIR EFFORTS IN SOLVING COMMON INDUSTRY PROBLEMS. THE EVENT OFFERS NETWORKING, PROFESSIONAL SPEAKERS, AND AREAS FOR COMMITTEES TO MEET AND SOLVE PROBLEMS. THE CRMCA FALL WORKSHOP PROMOTES THE HIGHEST STANDARDS OF BUSINESS PRACTICES AMONG ITS MEMBERS AND THE INCREASED USE AND APPLICATION OF READY MIXED CONCRETE.

Program 2

SPONSORSHIP OF EDUCATIONAL PROGRAMS AND SEMINARS TO PROMOTE THE LATEST ADVANCES IN CONCRETE TECHNOLOGY AND ADDRESS OTHER ISSUES OF INTEREST TO THE INDUSTRY.

Program 3

CRMCA PRODUCES AND DISTRIBUTES A MEMBERSHIP DIRECTORY AND NEWSLETTER. CRMCA HOSTS VARIOUS EDUCATION COURSES AND CERTIFICATION PROGRAMS THROUGHOUT THE YEAR TO EDUCATE MEMBERS ON BEST MANAGEMENT...

CRMCA PRODUCES AND DISTRIBUTES A MEMBERSHIP DIRECTORY AND NEWSLETTER. CRMCA HOSTS VARIOUS EDUCATION COURSES AND CERTIFICATION PROGRAMS THROUGHOUT THE YEAR TO EDUCATE MEMBERS ON BEST MANAGEMENT PRACTICES, INDUSTRY CHANGES, ENVIRONMENTAL REGULATIONS, AND OTHER INDUSTRY TOPICS WITH A FOCUS ON RAISING THE LEVEL OF PROFESSIONALISM WITHIN THE READY MIXED CONCRETE 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 $1,264,871

Investment Income $3,647

Other Revenue $21,478

TOTAL REVENUE $1,289,996

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $419,591

Fundraising Expenses $0

Other Expenses $742,168

TOTAL EXPENSES $1,162,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,289,996	$1,106,362	+0.2%
Expenses	$1,162,759	$931,208	+0.2%
Net Income	$127,237	$175,154	-0.3%

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

$244,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRYSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETE KNIGHT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMIE NELMS	SECRETARY	1.00	Officer Director	$0	$0	$0
SHAWN BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
HENRY MARTIN	IMMEDIATE PA	1.00	Director	$0	$0	$0
MICHAEL KANLIC	DIR AT LARGE	1.00	Director	$0	$0	$0
LEE AMICK	DIR AT LARGE	1.00	Director	$0	$0	$0
LAUREN BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
REID HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK HARTSELL	DIRECTOR	1.00	Director	$0	$0	$0
BART JONES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM LOFTIN	DIRECTOR	1.00	Director	$0	$0	$0
RICH MOSES	DIRECTOR	1.00	Director	$0	$0	$0
BERT NUNN	DIRECTOR	1.00	Director	$0	$0	$0
ZACH SATTERWHITE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
TODD THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE P SUTTON	EXECUTIVE DI	40.00	Officer	$228,688	$16,101	$244,789
JESSICA L WILSON	DIR OF EDUCA	40.00	Highest	$115,550	$20,048	$135,598

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	$1,289,996	$1,162,759	$1,582,106	$127,237
2022	$1,106,362	$931,208	$1,456,612	$175,154
2021	$1,169,552	$1,016,441	$1,282,555	$153,111
2020	$835,498	$791,505	$1,177,100	$43,993
2019	$1,139,785	$1,070,991	$1,106,212	$68,794
2018	$1,097,201	$1,014,538	$999,004	$82,663

CAROLINAS READY MIXED CONCRETE ASSOCIATION INC