TEXAS ASPHALT PAVEMENT ASSOCIATION… - Form 990 Financial Data

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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

2017

Principal Officer

ERIC SCHRANZ

Phone

5123122099

Tax Period

2023-01-01 to 2023-12-31

TEXAS ASPHALT PAVEMENT ASSOCIATION SCHOLARSHIP PROGRAM, founded in 2017, is a small nonprofit in the Education sector that reported $905K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $588K, a strong 65% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS WHO HAVE DEMONSTRATED AN INTEREST IN THE ASPHALT AND CONSTRUCTION RELATED FIELDS.

Program Service Accomplishments

Program 1

Expenses: $317,298

TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS WHO HAVE DEMONSTRATED AN INTEREST IN THE ASPHALT AND CONSTRUCTION RELATED FIELDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $322,915

Program Service Revenue $0

Investment Income $98,096

Other Revenue $484,037

TOTAL REVENUE $905,048

Expense Breakdown

Grants Paid $283,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,298

Other Expenses $34,048

TOTAL EXPENSES $317,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$905,048	$687,201	+0.3%
Expenses	$317,298	$250,092	+0.3%
Net Income	$587,750	$437,109	+0.3%

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
CRAIG ODOM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BILL THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD MULLEN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ALBERT SCHLATHER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HALL	DIRECTOR	1.00	Director	$0	$0	$0
GENO CARRIER IV	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SCHRANZ	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$905,048	$317,298	$3,133,206	$587,750
2022	$687,201	$250,092	$2,375,297	$437,109
2021	$651,331	$113,623	$2,273,461	$537,708
2020	$264,462	$73,637	$1,696,361	$190,825
2019	$509,700	$113,193	$1,447,655	$396,507
2018	$503,758	$100,421	$1,024,135	$403,337

TEXAS ASPHALT PAVEMENT ASSOCIATION SCHOLARSHIP PROGRAM