Civic Intelligence

Carolinas Ready Mixed Concrete Association Inc

990 • Fiscal year 2017 • EIN 56-0565190

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 06, 2018

PO Box 480310Charlotte, NC 28269

(704) 717-9199

Siviq Scores

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

Liabilities / Assets

34th percentile

0.08x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

79th percentile

14%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$145,988

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

21st percentile

-3.8%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

26%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$960,828

Down $38,014 (-3.8%) from 2016

Net Assets

Up

$883,865

Up $146,456 (+20%) from 2016

Liabilities

Down

$76,963

Down $184,470 (-71%) from 2016

Revenue

Up

$1,084,346

Up $225,063 (+26%) from 2016

Expenses

Up

$936,101

Up $86,878 (+10%) from 2016

Net Income

Up

$148,245

Up $138,185 (+1374%) from 2016

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: $1,129,585Liabilities 2011: $338,111Net Assets 2011: $791,4742011Assets 2012: $1,111,700Liabilities 2012: $339,872Net Assets 2012: $771,8282012Assets 2013: $1,059,873Liabilities 2013: $252,042Net Assets 2013: $807,8312013Assets 2014: $1,118,481Liabilities 2014: $321,968Net Assets 2014: $796,5132014Assets 2015: $1,090,936Liabilities 2015: $361,109Net Assets 2015: $729,8272015Assets 2016: $998,842Liabilities 2016: $261,433Net Assets 2016: $737,4092016Assets 2017: $960,828Liabilities 2017: $76,963Net Assets 2017: $883,8652017Assets 2018: $999,004Liabilities 2018: $35,189Net Assets 2018: $963,8152018Assets 2019: $1,106,212Liabilities 2019: $76,078Net Assets 2019: $1,030,1342019Assets 2020: $1,177,100Liabilities 2020: $102,973Net Assets 2020: $1,074,1272020Assets 2021: $1,282,555Liabilities 2021: $55,317Net Assets 2021: $1,227,2382021Assets 2022: $1,456,612Liabilities 2022: $54,220Net Assets 2022: $1,402,3922022Assets 2023: $1,582,106Liabilities 2023: $28,690Net Assets 2023: $1,553,4162023Assets 2024: $1,735,618Liabilities 2024: $17,510Net Assets 2024: $1,718,1082024

Highlighted filing

2017

Assets$960,828
Liabilities$76,963
Net Assets$883,865

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $787,976Expenses 2011: $785,670Net Income 2011: $2,3062011Expenses 2012: $831,3192012Revenue 2013: $794,796Expenses 2013: $752,706Net Income 2013: $42,0902013Revenue 2014: $860,214Expenses 2014: $878,237Net Income 2014: -$18,0232014Revenue 2015: $825,911Expenses 2015: $888,207Net Income 2015: -$62,2962015Revenue 2016: $859,283Expenses 2016: $849,223Net Income 2016: $10,0602016Revenue 2017: $1,084,346Expenses 2017: $936,101Net Income 2017: $148,2452017Revenue 2018: $1,097,201Expenses 2018: $1,014,538Net Income 2018: $82,6632018Revenue 2019: $1,139,785Expenses 2019: $1,070,991Net Income 2019: $68,7942019Revenue 2020: $835,498Expenses 2020: $791,505Net Income 2020: $43,9932020Revenue 2021: $1,169,552Expenses 2021: $1,016,441Net Income 2021: $153,1112021Revenue 2022: $1,106,362Expenses 2022: $931,208Net Income 2022: $175,1542022Revenue 2023: $1,289,996Expenses 2023: $1,162,759Net Income 2023: $127,2372023Revenue 2024: $1,349,254Expenses 2024: $1,202,011Net Income 2024: $147,2432024

Highlighted filing

2017

Revenue$1,084,346
Expenses$936,101
Net Income$148,245
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 6, 2018
Return Version
2017v2.3
Gross Receipts
$1,091,013
Mission and Program Overview

Mission

General trade association providing member education, technical support, and public awareness. The mission is to provide member support for product promotion, industry advocacy, education, and technical services. A convention and a workshop are held that address subjects of timely importance. Concrete pavement design recommendations are provided to various engineers for the purpose of gaining more market share for concrete pavements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$667,287$622,311▼ $44,976
Savings and Temporary Cash Investments$157,156$155,126▼ $2,030
Investments in Publicly Traded Securities$106,977$105,188▼ $1,789
Cash and Non-Interest-Bearing Accounts$43,485$54,450▲ $10,965
Accounts Receivable$11,323$15,311▲ $3,988
Prepaid Expenses and Deferred Charges$8,062$8,442▲ $380
Intangible Assets$4,552--
Total Assets$998,842$960,828▼ $38,014
Liabilities
Mortgage Notes Payable Secured by Investment Property$146,892--
Deferred Revenue$61,640$46,570▼ $15,070
Other Liabilities$52,901$29,635▼ $23,266
Accounts Payable and Accrued Expenses-$758-
Total Liabilities$261,433$76,963▼ $184,470
Net Assets / Fund Balance
Unrestricted Net Assets$737,409$883,865▲ $146,456
Total Net Assets Fund Balance$737,409$883,865▲ $146,456
Total Liabilities and Net Assets / Fund Balance$998,842$960,828▼ $38,014

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$350,573$369,229$719,802
Land$271,738-$271,738
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Caroline SuttonExec Directo$123,625$22,363$145,988

Board Members and Trustees

NameTitle
Henry BattenPresident
Ken PoelmanCEC Director
Richard HussseyCEC Director
Bill WestDirector at
D Van SmithDirector at
Jay LoftinDirector at
Andy StevensonDistrict Director
Greg BowlerDistrict Director
Jeff RadackDistrict Director
Kendrick StevensonDistrict Director
Melissa SwansonDistrict Director
Pete KnightDistrict Director
Robert LovenDistrict Director
Elliott BotzisAssociate Di
Rickie GroomsAssociate Di
Michael BerryPast Preside
Bart JonesSecretary
Henry MartinTreasurer
Bob WigginsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$706,664
Program Service Revenue
$350,500
Investment Income
$13,005
Other Revenue
$14,177
Change in Net Assets
$148,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,084,346
Revenue Not Reported on Form 990
$1,789
Total Revenue per Audited Statements
$1,086,135
Total Revenue per Form 990
$1,084,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$570,008
Salaries, Compensation, and Employee Benefits$366,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$224,295$1,314-$225,609
Other Salaries and Wages$135,556$32,964-$168,520
Current Officers, Directors, Trustees, and Key Employees$91,012$54,975-$145,987
Fees for Services Lobbying$102,116$4,501-$106,617
All Other Expenses$30,741$32,312-$63,053
Depreciation Depletion$19,154$19,155-$38,309
Pension Plan Contributions$16,908$7,466-$24,374
Payroll Taxes$15,529$7,029-$22,558
Travel$14,378$2,992-$17,370
Office Expenses$9,713$4,457-$14,170
Fees for Services Accounting$6,428$6,428-$12,856
Occupancy$7,878$4,389-$12,267
Information Technology-$9,112-$9,112
Interest-$8,607-$8,607
Other Expenses$2,623$5,114-$7,737
Insurance$3,386$3,044-$6,430
Other Employee Benefits$3,091$1,563-$4,654
Advertising$3,874--$3,874
Fees for Services Legal-$1,931-$1,931
Total Functional Expenses$686,682$249,419$0$936,101

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$936,101
Total Expenses per Audited Statements$936,101
Total Expenses per Form 990$936,101
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$106,617
Total Nondeductible Lobbying and Political Cost$106,617
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$20,758
Current Portion of Ltd$8,877
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

The taxpayer is a trade association whose members pay dues to be a member.

Form 990, Page 6, Part VI, Line 7A

The members of the association elect its officers and vacant board of director positions

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

The form 990 is presented to the executive committee for review. Once approved it is presented to the board of directors for final approval. Following approval/send off a public copy is filed in the home office for members/public to review upon request.

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

Persons covered by this policy will annually disclose or update to the president or acting chairman of the board of directors on a form provided by the organization their interests that could give rise to conflicts of interest, such as list of family members, substantial business or investment holdings, and other transactions or affiliations with business and other organizations or those family members. In the event that the conflict of interest involves the current president, the immediate past president will act as chairman of the board of directors in communicating and facilitating the deliberations by the board of directors.

Form 990, Page 6, Part VI, Line 15A

The salary of the executive vice president is determined by the board of directors.

Form 990, Page 6, Part VI, Line 19

The governing documents are open to public inspection at the headquarters of the association upon request.

Filing and Contact Details

Filer

Filer Name
Carolinas Ready Mixed Concrete
EIN
56-0565190
Phone
7047179199
Address
PO BOX 480310, CHARLOTTE, NC 28269

Signing Officer

Name
Caroline Sutton
Title
Exec Director
Phone
7047179199
Signed
2018-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caroline Sutton
Formed
1951
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
3

Preparer

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203-4756
Preparer
Stephanie C Taylor
Phone
7045520553
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

General trade association providing member education, technical support, and public awareness. The mission is to provide member support for product promotion, industry advocacy, education, and technical services. A convention and a workshop are held that address subjects of timely importance. Concrete pavement design recommendations are provided to various engineers for the purpose of gaining more market share for concrete pavements.

Form 990, Page 2, Part III, Line 4D

Crmca produces and sends out a membership directory and newsletter. Crmca also provides the service of plant inspections for crmca members to ensure compliance and certification of plants and trucks in accordance with the nrmca plant inspection process. Further, the organization hosts various meetings throughout the states as concrete eduction councils offer targeted education to members in their local markets. Finally, crmca hosts a sporting clay event in an effort to bring memebrs together for networking and connecting associates with producers as part of our mission of doing business with members.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSOCIATE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSOCIATE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt16CEC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt19CEC DIRECTOR
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016908
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IRS990/ProgramServiceRevenueGrp/Desc0CRMCA CONVENTION INCOME
IRS990/ProgramServiceRevenueGrp/Desc1CRMCA SEMINAR INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DIRECTORY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3PLANT INSPECTIONS INCOME
IRS990/ProgramServiceRevenueGrp/Desc4CLAY SHOOTING EVENT INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410900
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CRMCA CONVENTION PROVIDES A CLEARING HOUSE THROUGH WHICH MEMBERS MAY COORDINATE THEIR EFFORTS IN SOLVING COMMON PROBLEMS AND ENHANCES THE COOPERATION BETWEEN THE SUPPLIERS AND PROVIDERS OF READY MIXED CONCRETE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0146281
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0182621
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CRMCA FALL WORKSHOP PROMOTES THE HIGHEST STANDARDS OF BUSINESS PRACTICES AMONG ITS MEMBERS AND THE INCREASED USE AND APPLICATION OF READY MIXED CONCRETE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt040368
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt072139
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CRMCA PRODUCES AND SENDS OUT A MEMBERSHIP DIRECTORY AND NEWSLETTER. CRMCA ALSO PROVIDES THE SERVICE OF PLANT INSPECTIONS FOR CRMCA MEMBERS TO ENSURE COMPLIANCE AND CERTIFICATION OF PLANTS AND TRUCKS IN ACCORDANCE WITH THE NRMCA PLANT INSPECTION PROCESS. FURTHER, THE ORGANIZATION HOSTS VARIOUS MEETINGS THROUGHOUT THE STATES AS CONCRETE EDUCTION COUNCILS OFFER TARGETED EDUCATION TO MEMBERS IN THEIR LOCAL MARKETS. FINALLY, CRMCA HOSTS A SPORTING CLAY EVENT IN AN EFFORT TO BRING MEMEBRS TOGETHER FOR NETWORKING AND CONNECTING ASSOCIATES WITH PRODUCERS AS PART OF OUR MISSION OF DOING BUSINESS WITH MEMBERS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.74$0.02$1.72$1.35$1.20$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.58$0.03$1.55$1.29$1.16$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.05$1.40$1.11$0.93$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.06$1.23$1.17$1.02$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.10$1.07$0.84$0.79$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.08$1.03$1.14$1.07$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.04$0.96$1.10$1.01$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.08$0.88$1.08$0.94$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.26$0.74$0.86$0.85$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.36$0.73$0.83$0.89$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.32$0.80$0.86$0.88$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.25$0.81$0.79$0.75$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.34$0.77$0.83
2011Summary only. Only limited summary data is available for this year.$1.13$0.34$0.79$0.79$0.79$0.00