Civic Intelligence

Iowa Ready Mixed Concrete Association

990 • Fiscal year 2019 • EIN 42-0736004

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 12, 2020

380 SE Delaware AveAnkeny, IA 50021

(515) 965-4575

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.15x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

45th percentile

4.0%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

3.7%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,348,905

Up $52,480 (+4.0%) from 2018

Net Assets

Up

$1,212,238

Up $48,404 (+4.2%) from 2018

Liabilities

Up

$136,667

Up $4,076 (+3.1%) from 2018

Revenue

Up

$940,879

Up $33,357 (+3.7%) from 2018

Expenses

Up

$892,475

Up $20,740 (+2.4%) from 2018

Net Income

Up

$48,404

Up $12,617 (+35%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $811,946Liabilities 2011: $104,738Net Assets 2011: $707,2082011Assets 2012: $840,196Liabilities 2012: $84,446Net Assets 2012: $755,7502012Assets 2013: $901,152Liabilities 2013: $70,202Net Assets 2013: $830,9502013Assets 2014: $1,074,388Liabilities 2014: $110,587Net Assets 2014: $963,8012014Assets 2015: $1,139,815Liabilities 2015: $98,317Net Assets 2015: $1,041,4982015Assets 2016: $1,234,995Liabilities 2016: $110,187Net Assets 2016: $1,124,8082016Assets 2017: $1,253,789Liabilities 2017: $125,742Net Assets 2017: $1,128,0472017Assets 2018: $1,296,425Liabilities 2018: $132,591Net Assets 2018: $1,163,8342018Assets 2019: $1,348,905Liabilities 2019: $136,667Net Assets 2019: $1,212,2382019Assets 2020: $1,401,197Liabilities 2020: $134,468Net Assets 2020: $1,266,7292020Assets 2021: $1,535,393Liabilities 2021: $189,736Net Assets 2021: $1,345,6572021Assets 2022: $1,343,866Liabilities 2022: $199,008Net Assets 2022: $1,144,8582022Assets 2023: $1,304,849Liabilities 2023: $176,042Net Assets 2023: $1,128,8072023

Highlighted filing

2019

Assets$1,348,905
Liabilities$136,667
Net Assets$1,212,238

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $678,231Expenses 2011: $639,916Net Income 2011: $38,3152011Expenses 2012: $660,8302012Revenue 2013: $749,810Expenses 2013: $674,610Net Income 2013: $75,2002013Revenue 2014: $740,396Expenses 2014: $607,545Net Income 2014: $132,8512014Revenue 2015: $791,617Expenses 2015: $713,920Net Income 2015: $77,6972015Revenue 2016: $807,991Expenses 2016: $724,681Net Income 2016: $83,3102016Revenue 2017: $840,426Expenses 2017: $837,187Net Income 2017: $3,2392017Revenue 2018: $907,522Expenses 2018: $871,735Net Income 2018: $35,7872018Revenue 2019: $940,879Expenses 2019: $892,475Net Income 2019: $48,4042019Revenue 2020: $918,774Expenses 2020: $864,283Net Income 2020: $54,4912020Revenue 2021: $944,462Expenses 2021: $850,864Net Income 2021: $93,5982021Revenue 2022: $884,723Expenses 2022: $969,354Net Income 2022: -$84,6312022Revenue 2023: $845,393Expenses 2023: $1,018,107Net Income 2023: -$172,7142023

Highlighted filing

2019

Revenue$940,879
Expenses$892,475
Net Income$48,404
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 12, 2020
Return Version
2019v5.0
Gross Receipts
$958,689
Mission and Program Overview

Mission

An inclusive, member-focused association dedicated to increasing the use of ready mixed concrete and strengthening standards of the industry through promotion, advocacy, and technical resources.

An inclusive, member-focused association dedicated to increasing the use of ready mixed concrete and strenthening standards of the industry through promotion, advocacy, and technical resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,131,034$1,126,000▼ $5,034
Land, Buildings, and Equipment, Net$142,349$184,148▲ $41,799
Prepaid Expenses and Deferred Charges$18,856$29,254▲ $10,398
Accounts Receivable-$3,350-
Total Assets$1,296,425$1,348,905▲ $52,480
Other Assets Total$4,186$6,153▲ $1,967
Liabilities
Deferred Revenue$64,757$73,790▲ $9,033
Accounts Payable and Accrued Expenses$67,834$62,877▼ $4,957
Total Liabilities$132,591$136,667▲ $4,076
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,163,834$1,212,238▲ $48,404
Total Net Assets Fund Balance$1,163,834$1,212,238▲ $48,404
Total Liabilities and Net Assets / Fund Balance$1,296,425$1,348,905▲ $52,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$143,109$73,527$216,636
Equipment$38,459$59,286$97,745
Leasehold Improvements$2,580$1,854$4,434
Compensation and Service Providers

Board Members and Trustees

NameTitle
Klint KirkPresident
Ben RicceriDirector
Bob HamiltonDirector
Brian BattenDirector
Chris StammDirector
Curt SwoyerDirector
Dave SuchorskiDirector
Ethan MahlerDirector
Forrest BentonDirector
Griffin HahnDirector
Jack SinclairDirector
Jeff WangsnessDirector
Jeremy LarsenDirector
Jerry GreenDirector
Ken ClineDirector
Ken KuhnDirector
Lee KonzDirector
Mark BrownDirector
Steve KluesnerDirector
Greg MulderExecutive Di
Adam ManattPast Preside
Keith KuennenPast Preside
Tom AlexanderSecretary-tr
Harold BustaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$623,370
Program Service Revenue
$315,739
Investment Income
$1,770
Other Revenue
$0
Change in Net Assets
$48,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$940,879
Total Revenue per Audited Statements
$940,879
Total Revenue per Form 990
$940,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,465
Salaries, Compensation, and Employee Benefits$328,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$226,486
Advertising---$166,986
Conferences and Meetings---$105,274
Other Employee Benefits---$62,769
Travel---$24,851
Depreciation Depletion---$23,926
Pension Plan Contributions---$21,556
Payroll Taxes---$17,199
Occupancy---$14,508
Office Expenses---$11,333
Fees for Services Accounting---$10,500
Insurance---$9,131
Other Expenses---$2,106
All Other Expenses---$841
Total Functional Expenses$0$0$0$892,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$892,475
Total Expenses per Audited Statements$892,475
Total Expenses per Form 990$892,475
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members are independent owners of ready mix companies

Form 990, Page 6, Part VI, Line 11B

Form 990 was reviewed by administrative/fiscal manager and copies were distributed to board

Form 990, Page 6, Part VI, Line 12C

The board reviews the financial statements

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Iowa Ready Mixed Concrete
EIN
42-0736004
Phone
5159654575
Address
380 SE DELAWARE AVE, ANKENY, IA 50021

Signing Officer

Name
Greg Mulder
Title
Executive Director
Phone
5159654575
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Klint Kirk
Formed
1953
Legal Domicile
Ia
Voting Board Members
17
Independent Board Members
17
Employees
3

Preparer

Firm
Menke & Company
Address
406 AVENUE E PO BOX 135, WEST POINT, IA 52656-0135
Preparer
Ann M Menke
Phone
3198376042
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IRS990/MembershipDuesAmt0623370
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AN INCLUSIVE, MEMBER-FOCUSED ASSOCIATION DEDICATED TO INCREASING THE USE OF READY MIXED CONCRETE AND STRENGTHENING STANDARDS OF THE INDUSTRY THROUGH PROMOTION, ADVOCACY, AND TECHNICAL RESOURCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01163834
IRS990/NetAssetsOrFundBalancesEOYAmt01212238
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-17218
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-17218
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01163834
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01212238
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt014508
IRS990/OfficeExpensesGrp/TotalAmt011333
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04186
IRS990/OtherAssetsTotalGrp/EOYAmt06153
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062769
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1SCHOLARSHIPS
IRS990/OtherExpensesGrp/Desc2LEASE EXP/REPAIRS & MAINT
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt0126042
IRS990/OtherExpensesGrp/TotalAmt151505
IRS990/OtherExpensesGrp/TotalAmt217462
IRS990/OtherExpensesGrp/TotalAmt32106
IRS990/OtherSalariesAndWagesGrp/TotalAmt0226486
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt017199
IRS990/PensionPlanContributionsGrp/TotalAmt021556
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018856
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029254
IRS990/PrincipalOfficerNm0KLINT KIRK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONVENTION
IRS990/ProgramServiceRevenueGrp/Desc1PROMOTIONS
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION SEMINARS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0178785
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172664
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt264290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0178785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172664
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt264290
IRS990/ProgSrvcAccomActy2Grp/Desc0ANNUAL CONVENTION WHERE OFFICERS ARE ELECTED AND EDUCATIONAL PROMOTION IS DONE
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0599932
IRS990/PYInvestmentIncomeAmt014157
IRS990/PYOtherExpensesAmt0552166
IRS990/PYProgramServiceRevenueAmt0293433
IRS990/PYRevenuesLessExpensesAmt035787
IRS990/PYSalariesCompEmpBnftPaidAmt0319569
IRS990/PYTotalExpensesAmt0871735
IRS990/PYTotalRevenueAmt0907522
IRS990/ReconcilationRevenueExpnssAmt048404
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01131034
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01126000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0143109
IRS990ScheduleD/BuildingsGrp/DepreciationAmt073527
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0216636
IRS990ScheduleD/EquipmentGrp/BookValueAmt038459
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059286
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097745
IRS990ScheduleD/ExpensesSubtotalAmt0892475
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02580
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01854
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04434
IRS990ScheduleD/RevenueSubtotalAmt0940879
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0184148
IRS990ScheduleD/TotalExpensesPerForm990Amt0892475
IRS990ScheduleD/TotalRevenuePerForm990Amt0940879
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0940879
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0892475
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE INDEPENDENT OWNERS OF READY MIX COMPANIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY ADMINISTRATIVE/FISCAL MANAGER AND COPIES WERE DISTRIBUTED TO BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IOWA CONCRETE PAVING ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0380 SE DELAWARE AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANKENY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050021
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0126042
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IOWA CONCRETE PAVING ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01296425
IRS990/TotalAssetsEOYAmt01348905
IRS990/TotalAssetsGrp/BOYAmt01296425
IRS990/TotalAssetsGrp/EOYAmt01348905
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0623370
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0892475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0132591
IRS990/TotalLiabilitiesEOYAmt0136667

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.30$0.18$1.13$0.85$1.02$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.20$1.14$0.88$0.97$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.19$1.35$0.94$0.85$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.13$1.27$0.92$0.86$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.14$1.21$0.94$0.89$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.13$1.16$0.91$0.87$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.13$1.13$0.84$0.84$0.00
2016Summary only. Only limited summary data is available for this year.$1.23$0.11$1.12$0.81$0.72$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.10$1.04$0.79$0.71$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.11$0.96$0.74$0.61$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.07$0.83$0.75$0.67$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.08$0.76$0.66
2011Summary only. Only limited summary data is available for this year.$0.81$0.10$0.71$0.68$0.64$0.04