PLANTMIX ASPHALT INDUSTRY OF KY (EIN 610309765) - 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

1938

Legal Domicile

Principal Officer

BRIAN WOOD

Phone

5022233415

Tax Period

2023-01-01 to 2023-12-31

PLANTMIX ASPHALT INDUSTRY OF KY, founded in 1938, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 11% surplus.

Mission

TO SERVE OUR MEMBERSHIP, EXPAND THE USE OF PLANT MIX ASPHALT AND PROMOTE IT AS THE PAVEMENT MATERIAL OF CHOICE THROUGHOUT KENTUCKY BY ADVOCATING, COMMUNICATING AND EDUCATING OUR CUSTOMERS, GOVERNMENT AGENCIES AND THE GENERAL PUBLIC ON THE BENEFITS OF QUALITY ASPHALT.

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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 $820,247

Program Service Revenue $350,669

Investment Income $23,773

Other Revenue $53,028

TOTAL REVENUE $1,247,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,473

Fundraising Expenses $0

Other Expenses $603,049

TOTAL EXPENSES $1,109,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,247,717	$1,152,068	+0.1%
Expenses	$1,109,522	$996,297	+0.1%
Net Income	$138,195	$155,771	-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

$213,294

Total Directors

$213,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WOOD	EXEC DIRECTO	40.00	Officer Director	$207,897	$5,397	$213,294
DREW BEARD	DIRECTOR 25	3.00	Director	$0	$0	$0
TRAVIS CARRICO	DIRECTOR 26	3.00	Director	$0	$0	$0
SPENCER COE	DIRECTOR 26	3.00	Director	$0	$0	$0
MIKE CONNELLY	VP/TREASURER	3.00	Officer Director	$0	$0	$0
GRANT GABBARD	DIRECTOR 25	3.00	Director	$0	$0	$0
ARTHUR E WALKER III	DIRECTOR 24	3.00	Director	$0	$0	$0
JOHN T DOUGHERTY JR	IMMEDIATE PA	3.00	Officer Director	$0	$0	$0
JASON JURGENSEN	DIRECTOR 24	3.00	Director	$0	$0	$0
NIKA MATHIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
TOM RALSTON	DIRECTOR 26	3.00	Director	$0	$0	$0
MARK REED	DIRECTOR 24	3.00	Director	$0	$0	$0
BOBBY UPCHURCH	DIRECTOR 25	3.00	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	$1,247,717	$1,109,522	$1,312,732	$138,195
2022	$1,152,068	$996,297	$1,122,318	$155,771
2021	$930,611	$793,947	$985,584	$136,664
2020	$765,800	$766,981	$842,475	$-1,181
2019	$1,042,146	$974,968	$845,117	$67,178
2018	$974,135	$864,746	$778,519	$109,389

PLANTMIX ASPHALT INDUSTRY OF KY