National Ready Mixed Concrete Association
Nonprofit profile at a glance
- EIN
- 530116046
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Alexandria, VA, USA
- Phone
- 7037064800
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $19,577,742
- Expenses
- $18,913,744
- Assets
- $18,541,391
- Liabilities
- $5,302,112
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
97 people listed
Executive titles in this filing
- MICHAEL PHILIPPS (President)
- Joseph Roche (Int President)
Highest reported compensation
- MICHAEL PHILIPPS (President): $449,075 total reported compensation
- Joseph Roche (Int President): $350,553 total reported compensation
- LAWRENCE AFABLE (VP, INFO TECH): $306,645 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The national ready mixed concrete association is a not-for-profit organization formed to provide a means through which members of the ready mixed concrete industry may coordinate their efforts in handling issues of common concern.
What it reported doing in 2024
Engineering laboratory conducted research on concrete materials and construction aggregates. Research reports are issued on specific projects. The laboratory also supports the American society for testing materials, and the American concrete institute.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 84
- Accountability: 85
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 97.6%; rating input score 98; 31st percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.4%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.2% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 13.4% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 82 of 84 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $449K · 97 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.5M reported
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.