TENNESSEE CONCRETE ASSOCIATION INC (EIN 621316557) - 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

1986

Legal Domicile

Principal Officer

ALAN SPARKMAN

Phone

6153607393

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE CONCRETE ASSOCIATION INC, founded in 1986, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

TENNESSEE CONCRETE ASSOCIATION (TCA) WAS FORMED IN 1986 AS THE TENNESSEE READY MIX CONCRETE ASSOCIATION AND SERVES THE CONCRETE INDUSTRY IN TENNESSEE BY PROVIDING SERVICES TO MEMBERS IN THE AREAS OF CONCRETE PROMOTION AND MARKETING; REGULATORY ASSISTANCE; TRAINING AND RESEARCH; C

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,355,386

Investment Income $279,438

Other Revenue $7,127

TOTAL REVENUE $1,641,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,470

Fundraising Expenses $0

Program Expenses $1,338,410

Other Expenses $1,069,956

TOTAL EXPENSES $1,542,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,641,951	$1,251,411	+0.3%
Expenses	$1,542,426	$1,196,770	+0.3%
Net Income	$99,525	$54,641	+0.8%

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

$172,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SPARKMAN	EXECUTIVE DIRECTOR	40.00	Officer Highest	$159,352	$12,731	$172,083
COLE DODDS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE KING	EXECUTIVE COMM	1.00	Director	$0	$0	$0
SCOTT ELLER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SCHAFFNER	DIRECTOR	1.00	Director	$0	$0	$0
HEATH ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BALTZ	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SCHWEIGHARDT	DIRECTOR	1.00	Director	$0	$0	$0
DON CHILDRESS	DIRECTOR	1.00	Director	$0	$0	$0
KEN LOVELACE	DIRECTOR	1.00	Director	$0	$0	$0
MARK CASEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH EVANS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSH RICHARDSON	SECRETARY TREASURER	2.00	Officer 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	$1,641,951	$1,542,426	$4,447,078	$99,525
2023	$1,251,411	$1,365,796	$4,030,911	$-114,385
2022	$964,239	$1,210,216	$3,911,891	$-245,977
2021	$1,174,393	$940,271	$4,811,060	$234,122
2020	$1,051,958	$890,028	$4,542,049	$161,930
2019	$4,768,911	$871,758	$4,388,081	$3,897,153
2018	$829,552	$779,687	$797,598	$49,865

TENNESSEE CONCRETE ASSOCIATION INC