ALABAMA CONCRETE INDUSTRIES ASSOCIATION

EIN: 630476189

MONTGOMERY, AL

Total Revenue
$869,490
Total Expenses
$746,438
Total Assets
$1,680,494
Net Assets
$1,581,990
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
AL
Principal Officer
JONATHAN H SORRELL
Phone
3342650501
Tax Period
2023-01-01 to 2023-12-31

ALABAMA CONCRETE INDUSTRIES ASSOCIATION, founded in 1967, is a small nonprofit that reported $752K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $688K left a modest 9% surplus.

Mission

PROMOTE THE CONCRETE INDUSTRY IN THE STATE OF ALABAMA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $342,069
Program Service Revenue $461,287
Investment Income $40,532
Other Revenue $25,602
TOTAL REVENUE $869,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $252,926
Fundraising Expenses $0
Program Expenses $383,997
Other Expenses $493,512
TOTAL EXPENSES $746,438

Year-over-Year Comparison

2023 2022 Change
Revenue $869,490 $724,746 +0.2%
Expenses $746,438 $706,619 +0.1%
Net Income $123,052 $18,127 +5.8%
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
17
Independent Members
17
Employees
2
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
1
$156,211
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CULLY ALGOOD TREASURER 1.00
Director
$0 $0 $0
KURT MILLIMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SPENCER GLASSCO CHAIRMAN 5.00
Director
$0 $0 $0
BOBBY COFFEY PAST CHAIRMAN 5.00
Director
$0 $0 $0
BRENT BRUSER BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY KERR BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN STINSON BOARD MEMBER 1.00
Director
$0 $0 $0
GRADY GUNN BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER FREEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHAY HOLLIDAY BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK CONN VICE-CHAIRMAN 5.00
Director
$0 $0 $0
TIM GARRETT BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE DOVE BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD HANDLEY BOARD MEMBER 1.00
Director
$0 $0 $0
DON CARLISLE BOARD MEMBER 1.00
Director
$0 $0 $0
MARK NEELY BOARD MEMBER 5.00
Director
$0 $0 $0
JONATHAN H SORRELL EXECUTIVE DIRECTOR 40.00
Officer
$156,211 $0 $156,211
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 $869,490 $746,438 $1,680,494 $123,052
2022 $724,746 $706,619 $1,507,051 $18,127
2021 $816,588 $653,366 $1,515,940 $163,222
2020 $671,998 $585,148 $1,369,306 $86,850
2019 $789,413 $654,219 $1,303,722 $135,194
2018 $752,308 $688,261 $1,162,903 $64,047
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