TEXAS ASPHALT PAVEMENT ASSOCIATION (EIN 741445769) - 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

1944

Legal Domicile

Principal Officer

HAROLD MULLEN

Phone

5123122099

Tax Period

2024-01-01 to 2024-12-31

TEXAS ASPHALT PAVEMENT ASSOCIATION, founded in 1944, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 23% operating margin.

Mission

TO PROMOTE THE USE OF AND IMPROVE THE QUALITY OF HOT MIX ASPHALT. IN ADDITION, THE ASSOCIATION PROVIDES COURSES TO INDIVIDUALS ON QUALITY CONTROL AND ASSURANCE SPECIFICATION FOR HOT MIX ASPHALT CONCRETE FOR CERTIFICATION BY THE STATE OF TEXAS.

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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 $6,590,808

Investment Income $420,993

Other Revenue $29,750

TOTAL REVENUE $7,041,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,939,568

Fundraising Expenses $0

Other Expenses $3,510,150

TOTAL EXPENSES $5,449,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,041,551	$5,616,632	+0.3%
Expenses	$5,449,718	$4,848,226	+0.1%
Net Income	$1,591,833	$768,406	+1.1%

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

150

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

$339,407

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD MULLEN	CHIEF EXEC O	40.00	Officer	$323,229	$16,178	$339,407
GLEN DVORAK	PRESIDENT	8.00	Officer Director	$0	$0	$0
ERIC SUAREZ	PRESIDENT -	2.00	Officer Director	$0	$0	$0
JASON EXUM	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
EDDIE UPDIKE	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
MIKE BROWN	EX OFFICIO B	2.00	Director	$0	$0	$0
KEVIN STONE	DIRECTOR	2.00	Director	$0	$0	$0
ALEX FLORES	DIRECTOR	2.00	Director	$0	$0	$0
HARRY BUSH	DIRECTOR	2.00	Director	$0	$0	$0
KAL KINCAID	DIRECTOR	2.00	Director	$0	$0	$0
ROBBIE ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW CASCIONE	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW WHEATLEY	EX OFFICIO B	2.00	Director	$0	$0	$0
EMILY ADAMS	DIR OF MARKE	40.00	Highest	$174,875	$34,934	$209,809
COREY J SCHWARZ	HMAC DIRECTO	40.00	Highest	$205,407	$22,520	$227,927
JAMES WARREN	DIR OF ENG &	40.00	Highest	$230,525	$12,200	$242,725
STEVEN ROENSCH	CHIEF FINANC	40.00	Highest	$147,067	$18,103	$165,170
JOSH WHITEHEAD	HMAC TECHNIC	40.00	Highest	$112,900	$18,200	$131,100

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	$7,041,551	$5,449,718	$11,304,613	$1,591,833
2023	$5,616,632	$4,848,226	$9,579,452	$768,406
2022	$5,993,081	$4,584,587	$8,431,917	$1,408,494
2021	$5,562,160	$3,736,747	$7,279,853	$1,825,413
2020	$3,132,179	$2,847,752	$7,539,770	$284,427
2019	$4,056,039	$3,657,863	$7,340,458	$398,176
2018	$3,690,231	$2,963,283	$5,762,568	$726,948

TEXAS ASPHALT PAVEMENT ASSOCIATION