Civic Intelligence

Carolinas Ready Mixed Concrete Association Inc

990 • Fiscal year 2022 • EIN 56-0565190

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 24, 2023

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

29th percentile

0.04x

Higher debt load relative to assets than 29% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.05x

Higher debt load relative to revenue than 28% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$201,729

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-5.4%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,456,612

Up $174,057 (+14%) from 2021

Net Assets

Up

$1,402,392

Up $175,154 (+14%) from 2021

Liabilities

Down

$54,220

Down $1,097 (-2.0%) from 2021

Revenue

Down

$1,106,362

Down $63,190 (-5.4%) from 2021

Expenses

Down

$931,208

Down $85,233 (-8.4%) from 2021

Net Income

Up

$175,154

Up $22,043 (+14%) from 2021

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

2022

Assets$1,456,612
Liabilities$54,220
Net Assets$1,402,392

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

2022

Revenue$1,106,362
Expenses$931,208
Net Income$175,154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$1,128,088
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$598,916$627,489▲ $28,573
Savings and Temporary Cash Investments$593,493$596,518▲ $3,025
Cash and Non-Interest-Bearing Accounts$40,593$179,911▲ $139,318
Prepaid Expenses and Deferred Charges$3,983$50,000▲ $46,017
Accounts Receivable$45,570$2,694▼ $42,876
Total Assets$1,282,555$1,456,612▲ $174,057
Liabilities
Accounts Payable and Accrued Expenses$18,801$41,698▲ $22,897
Other Liabilities$30,156$12,522▼ $17,634
Deferred Revenue$6,360--
Total Liabilities$55,317$54,220▼ $1,097
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,227,238$1,402,392▲ $175,154
Total Net Assets Fund Balance$1,227,238$1,402,392▲ $175,154
Total Liabilities and Net Assets / Fund Balance$1,282,555$1,456,612▲ $174,057

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$355,751$410,992$766,743
Land$271,738-$271,738
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caroline SuttonExec DirectoFT$186,394$15,335$201,729
Caroline SuttonExec Director-$140,390$61,339$201,729

Board Members and Trustees

NameTitle
Henry MartinPresident
Bill WestDirector at
Bob WigginsDirector at
Henry BattenDirector at
Adam LoftinDistrict Director
Dan CrosbyDistrict Director
Gary HodgesDistrict Director
Jeff CoulterDistrict Director
Kendrick StevensonDistrict Director
Lauren BuchananDistrict Director
Shawn BakerDistrict Director
Steve BarnesDistrict Director
Adam WeisnerAssociate Di
Elliot BotzisAssociate Di
Scotty ShowermanAssociate Di
Tim KueblerAssociate Di
Bart JonesPast Preside
Pete KnightSecretary
Jamie NelmsTreasurer
John BrysonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$733,289
Program Service Revenue
$355,315
Investment Income
$-6,052
Other Revenue
$23,810
Change in Net Assets
$175,154

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,106,362
Total Revenue per Audited Statements
$1,106,362
Total Revenue per Form 990
$1,106,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,585
Salaries, Compensation, and Employee Benefits$369,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$272,998$473-$273,471
Current Officers, Directors, Trustees, and Key Employees$125,762$75,967-$201,729
Other Salaries and Wages$85,488$26,519-$112,007
Fees for Services Lobbying$73,648$505-$74,153
All Other Expenses$22,941$15,013-$37,954
Depreciation Depletion$13,635$13,635-$27,270
Advertising$25,574--$25,574
Pension Plan Contributions$16,066$7,094-$23,160
Payroll Taxes$13,915$6,299-$20,214
Travel$14,201$3,470-$17,671
Fees for Services Accounting$7,531$7,532-$15,063
Other Employee Benefits$5,572$6,941-$12,513
Insurance$5,504$4,795-$10,299
Information Technology-$9,760-$9,760
Other Expenses$5,075$4,235-$9,310
Occupancy$5,159$2,875-$8,034
Office Expenses$4,217$1,805-$6,022
Interest-$1,916-$1,916
Total Functional Expenses$700,755$230,453$0$931,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$931,208
Total Expenses per Audited Statements$931,208
Total Expenses per Form 990$931,208
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$74,153
Total Nondeductible Lobbying and Political Cost$74,153
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$12,522
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
2023-10-24
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
Michelle S Fulcher
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 hosts various education courses and certification programs throughout the year to educate members on best management practices, industry changes, environmental regulations, and other industry topics with a focus on raising the level of professionalism within the ready mixed concrete industry. Further, the organization hosts various meetings throughout the states as concrete education 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/TitleTxt0EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DISTRICT DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DISTRICT DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR AT
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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