American Subcontractors Assoc of the Carolinas Inc

Nonprofit profile at a glance

EIN
561081979
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Lexington, SC, USA
Phone
8036702794
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$123,656
Expenses
$237,907
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAVID VAN MAANEN (PRESIDENT)
  • LANCE DILLON (FIRST VICE PRESIDENT)
  • BRENT GESLING (SECOND VICE PRESIDENT)
  • KELLY DILLON (INTERIM EXECUTIVE DIRECTOR)

Highest reported compensation

  • KELLY DILLON (INTERIM EXECUTIVE DIRECTOR): $38,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the business environment for the construction industry and to serve as a steward for the community; to promote the values of asa; to become a leader in the construction industry by representing the interests of the membership by developing laws and legislation, and by setting a standard of support, quality, and service to our customers and communities.

What it reported doing in 2022

The american subcontractors association of the carolinas "asac" performs the following functions for the community:- maintains a database of general contractors throughout the united states to provide subcontractor references on payment practices, contract clauses, job organization, and more;- publishes a monthly newsletter, the carolina subcontractor, which is distributed to all members and many non-member construction professionals;- holds an annual convention and trade-show for the subcontracting industry which offers educational programs relating to the current business climate and networking opportunities;- offers educational programs and networking opportunities at eight carolinas chapter locations through meetings, seminars, and social events;- provides financial assistance to subcontractors and suppliers who face lawsuits in which the legal expenses are either not affordable or are excessive in terms of the amount of money in controversy in the case through the asac legal assistance fund program.- and works to promote legislation favorable to subcontracts and suppliers in the industry.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -92.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 16.2%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: -2% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $208K in reported program spending
  • Leadership: top reported pay $38K · 12 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 13 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.