Is Asphalt Roofing Manufacturers Association Legit?

The Asphalt Roofing Manufacturers Association (ARMA) demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. In the most recent filing (202312), the organization reported revenues of $2,338,970 against expenses of $2,403,371, indicating a slight operational deficit. This trend of near break-even operations is common for trade associations, which often aim to cover costs rather than accumulate large surpluses. Assets have shown growth, reaching $1,037,520 in 2023, while liabilities remain manageable at $211,846, suggesting a stable financial position. ARMA's financial health appears sound for an organization of its type. The consistent revenue streams, typically from membership dues, support its operational expenses. The absence of reported officer compensation across all filings is a notable aspect, suggesting that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership or contracted services for management. This practice, while not inherently negative, can sometimes obscure the true cost of leadership if not clearly detailed elsewhere. Overall, ARMA exhibits a reasonable level of financial stability and operational consistency. Its transparency is bolstered by the consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. The lack of reported officer compensation on the 990s is a point that could warrant further inquiry for a complete understanding of its administrative cost structure.