Colorado Asphalt Pavement Associat… - 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

Principal Officer

THOMAS PETERSON

Tax Period

2023-01-01 to 2023-12-31

Colorado Asphalt Pavement Association is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PROMOTE & ADVANCE ASPHALT USE IN COLORADO

Program Service Accomplishments

Program 1

ALL ASSOCIATION ACTIVITIES STRIVE TO IMPROVE THE PERFORMANCE AND QUALITY OF ASPHALT, AND TO MARKET THE ASPHALT INDUSTRY WITHIN COLORADO. PEOPLE AND MEMBERS SERVED ARE CDOT, FHWA, AND CITY AND COUNTY PERSONNEL. IN ADDITION, THE ASSOCIATION PROMOTES BETTER RELATIONS AND UNDERSTANDING IN THE USE AND MAINTENANCE OF ASPHALT AMONG ITS MEMBERS AND OTHERS INCLUDING GOVERNMENT OFFICIALS, ENGINEERS AND CONTRACTORS.

Program 2

ONGOING TRAINING IS PROVIDED TO THE ABOVE MEMBERS AND ORGANIZATIONS. HUNDREDS OF NEWSLETTERS ARE PRODUCED AND DISTRIBUTED EACH YEAR, MOST OF WHICH ARE DISTRIBUTED TO MEMBERS AND OTHER INTERESTED...

ONGOING TRAINING IS PROVIDED TO THE ABOVE MEMBERS AND ORGANIZATIONS. HUNDREDS OF NEWSLETTERS ARE PRODUCED AND DISTRIBUTED EACH YEAR, MOST OF WHICH ARE DISTRIBUTED TO MEMBERS AND OTHER INTERESTED PEOPLE AND ORGANIZATIONS. ADDITIONAL INDUSTRY PROMOTION AND EDUCATION PUBLICATIONS ARE DEVELOPED TO FURTHER BENEFIT THE MEMBERSHIP.

Program 3

PROVIDE INSTRUCTION FOR THE CERTIFICATION OF ASPHALT TECHNICIANS.

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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 $898,246

Program Service Revenue $374,686

Investment Income $16,166

Other Revenue $0

TOTAL REVENUE $1,289,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,195

Fundraising Expenses $57,498

Other Expenses $529,107

TOTAL EXPENSES $1,310,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,289,098	$1,383,580	-0.1%
Expenses	$1,310,302	$1,356,617	0.0%
Net Income	$-21,204	$26,963	-1.8%

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

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

$558,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS PETERSON	Executive Dir.	40.00	Officer	$262,448	$0	$262,448
THOMAS CLAYTON	Program Manager	40.00	Officer	$163,713	$0	$163,713
MICHAEL SKINNER	Engineer	40.00	Officer	$132,784	$0	$132,784
TREVOR TIPOTSCH	Director	0.00	Director	$0	$0	$0
MIKE MCDONALD	Director	0.00	Director	$0	$0	$0
JOHN PAUL ARY	Treasurer	0.00	Officer Director	$0	$0	$0
KEN COULSON	Secretary	0.00	Officer Director	$0	$0	$0
KYLE ALPHA	Director	0.00	Director	$0	$0	$0
CAREY JONES	Director	0.00	Director	$0	$0	$0
AUSTIN MAHAR	Director	0.00	Director	$0	$0	$0
NATHAN AMSINGER	Director	0.00	Director	$0	$0	$0
CHRIS MARVEL	Director	0.00	Director	$0	$0	$0
GREG RIPPY	Director	0.00	Director	$0	$0	$0
JEFF KELLER	Director	0.00	Officer Director	$0	$0	$0
CHAD SAUNDERS	Director	0.00	Director	$0	$0	$0
PETE BORER	Director	0.00	Director	$0	$0	$0
ED WELLS	Director	0.00	Officer Director	$0	$0	$0
MIKEY SASINA	Director	0.00	Director	$0	$0	$0
JESS HASTINGS	Director	0.00	Director	$0	$0	$0
SAM BEUKE	Director	0.00	Director	$0	$0	$0
STU PONTING	Vice President	0.00	Officer Director	$0	$0	$0
RON FELTZ	Director	0.00	Director	$0	$0	$0
RYAN YOCH	President & CEO	0.00	Officer Director	$0	$0	$0
TONY MAKJA	Director	0.00	Director	$0	$0	$0
SKIP BETTIS	Director	0.00	Director	$0	$0	$0
BRAD SCHMITZ	Director	0.00	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
2023	$1,289,098	$1,310,302	$1,583,296	$-21,204
2022	$1,383,580	$1,356,617	$1,553,168	$26,963
2021	$1,232,133	$1,136,191	$1,665,414	$95,942
2020	$1,257,506	$1,144,943	$1,487,778	$112,563
2019	$1,270,337	$1,134,410	$1,313,400	$135,927
2018	$1,157,418	$1,205,688	$1,107,027	$-48,270

Colorado Asphalt Pavement Association