PLANTMIX ASPHALT INDUSTRY OF KY

EIN: 610309765

FRANKFORT, KY

Total Revenue
$1,247,717
Total Expenses
$1,109,522
Total Assets
$1,312,732
Net Assets
$1,297,509
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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
KY
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.

Program Service Accomplishments

Program 1

TRAINING SCHOOLS DESIGNED TO TRAIN MEMBERS AND TO PROMOTE RESEARCH INTEREST AND BUSINESS RELATIONSHIPS BETWEEN THE INDUSTRY AND THE COMMUNITY.

Program 2

MARKETING THE INDUSTRY AS THE PROVIDER OF THE MOST ENDURING TYPE OF MATERIAL FOR STREET AND ROAD BUILDING PURPOSES.

Program 3

GOVERNMENT RELATIONS - REPRESENTATION BEFORE STATE AND LOCAL AGENCIES TO ADVOCATE FOR INCREASED FUNDING AND ALSO TO BE SURE THE INDSUTRY IS TREATED FAIRLY WITH ANY LEGAL, REGULATORY OR ENVIRONMENTAL...

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GOVERNMENT RELATIONS - REPRESENTATION BEFORE STATE AND LOCAL AGENCIES TO ADVOCATE FOR INCREASED FUNDING AND ALSO TO BE SURE THE INDSUTRY IS TREATED FAIRLY WITH ANY LEGAL, REGULATORY OR ENVIRONMENTAL CHANGES.

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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 $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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Governance

Voting Members
13
Independent Members
12
Employees
3
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
4
$213,294
Total Directors
13
$213,294
Key Employees
0
$0
Highest Compensated
0
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
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