FLORIDA INDEPENDENT CONCRETE AND ASSOCIATED PRODUCTS INC (EIN 650454798) - 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

1993

Legal Domicile

Principal Officer

MICHELE WHITE

Phone

4077189795

Tax Period

2022-01-01 to 2022-12-31

FLORIDA INDEPENDENT CONCRETE AND ASSOCIATED PRODUCTS INC, founded in 1993, is a small nonprofit that reported $490K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 23% operating margin.

Mission

To provide strength and support to preserve the Florida independent concrete product producers through the sharing of ideas, education, promotion, and leadership.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $473,875

Investment Income $16,405

Other Revenue $0

TOTAL REVENUE $490,280

Expense Breakdown

Grants Paid $61,102

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,102

Other Expenses $314,704

TOTAL EXPENSES $375,806

Year-over-Year Comparison

	2022	2021	Change
Revenue	$490,280	$418,679	+0.2%
Expenses	$375,806	$356,438	+0.1%
Net Income	$114,474	$62,241	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ARBUCKLE	D	005.00	Director	$0	$0	$0
RICO SADOVNIK	D	005.00	Director	$0	$0	$0
MARK SMITH	D	005.00	Director	$0	$0	$0
PRESTON SPARKMAN	D	005.00	Director	$0	$0	$0
JEFF CATHEY	VP	010.00	Officer Director	$0	$0	$0
RUSSELL BARLOW	T	010.00	Officer Director	$0	$0	$0
CONLEY JAHNA	P	010.00	Officer Director	$0	$0	$0
BRAD COOLIDGE	S	010.00	Officer Director	$0	$0	$0
MICHELE WHITE	D	015.00	Director Key Emp	$0	$0	$0
WADE MULLINS	D	005.00	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
2022	$490,280	$375,806	$634,612	$114,474
2021	$418,679	$356,438	$520,138	$62,241

FLORIDA INDEPENDENT CONCRETE AND ASSOCIATED PRODUCTS INC