Asphalt Roofing Manufacturers Association

Asphalt Roofing Manufacturers Association maintains stable finances with consistent revenue and expenses, reporting no officer compensation.

EIN: 130452220 · Forest Hill, MD · Updated: 2026-03-28

$2.4MRevenue

$964KAssets

75/100Mission Score (Good)

About Asphalt Roofing Manufacturers Association

Asphalt Roofing Manufacturers Association (EIN: 130452220) is a nonprofit organization based in Forest Hill, MD. The organization reported total revenue of $2.4M and total assets of $964K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asphalt Roofing Manufacturers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Asphalt Roofing Manufacturers Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Asphalt Roofing Manufacturers Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation across all periods, which is unusual for an organization with revenues exceeding $2 million annually. This suggests that executive leadership may be compensated through a management company or other non-officer roles, or that the organization is primarily volunteer-led at the officer level.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Asphalt Roofing Manufacturers Association's IRS 990 filings:

Consistent 0% officer compensation reported, potentially obscuring true leadership costs.

Strengths

The following positive indicators were identified for Asphalt Roofing Manufacturers Association:

Consistent revenue generation over a decade, indicating stable member support.
Healthy asset base ($1,037,520 in 2023) relative to liabilities ($211,846), showing financial stability.
Regular and consistent IRS 990 filings, demonstrating good transparency practices.

Frequently Asked Questions about Asphalt Roofing Manufacturers Association

How does ARMA compensate its executive leadership if no officer compensation is reported on the 990s?

The consistent reporting of 0% officer compensation on all IRS 990 filings suggests that executive leadership may be compensated through a management services agreement, as independent contractors, or that the organization relies on volunteer officers. Further investigation into their operational structure would be needed to clarify this.

What is the primary source of ARMA's revenue?

As a trade association, ARMA's primary revenue sources are typically membership dues, industry events, and publications. The consistent revenue figures around $2 million annually suggest a stable base of support from its members.

Does ARMA operate with a surplus or deficit?

ARMA generally operates near a break-even point, with revenues and expenses closely aligned. For example, in 202312, expenses ($2,403,371) slightly exceeded revenue ($2,338,970), resulting in a small deficit. In other years, such as 202112, revenue ($2,097,606) exceeded expenses ($1,868,726), indicating a surplus.

Filing History

IRS 990 filing history for Asphalt Roofing Manufacturers Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Asphalt Roofing Manufacturers Association's revenue has grown by 55.4%, moving from $1.5M to $2.3M. Total assets increased by 68.3% over the same period, from $616K to $1.0M. Total functional expenses rose by 44.5%, from $1.7M to $2.4M. In its most recent filing year (2023), Asphalt Roofing Manufacturers Association reported a deficit of $64K, with expenses exceeding revenue. The organization holds $212K in liabilities against $1.0M in assets (debt-to-asset ratio: 20.4%), resulting in net assets of $826K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.3M	$2.4M	$1.0M	$212K	—	View 990
2022	$2.3M	$2.3M	$1.0M	$151K	—	View 990
2021	$2.1M	$1.9M	$998K	$76K	—	View 990
2020	$2.0M	$1.7M	$831K	$137K	—	—
2019	$2.1M	$2.1M	$511K	$92K	—	View 990
2018	$1.8M	$2.0M	$509K	$96K	—	View 990
2017	$1.7M	$1.7M	$892K	$275K	—	View 990
2016	$2.3M	$2.2M	$888K	$261K	—	View 990
2015	$1.8M	$1.7M	$740K	$233K	—	View 990
2014	$1.8M	$1.8M	$783K	$357K	—	View 990
2013	$1.7M	$1.6M	$628K	$174K	—	View 990
2012	$1.7M	$1.6M	$748K	$388K	—	View 990
2011	$1.5M	$1.7M	$616K	$395K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.3M, expenses of $2.4M, and assets of $1.0M (revenue +2.2% year-over-year).
2022: Revenue of $2.3M, expenses of $2.3M, and assets of $1.0M (revenue +9.1% year-over-year).
2021: Revenue of $2.1M, expenses of $1.9M, and assets of $998K (revenue +5.4% year-over-year).
2020: Revenue of $2.0M, expenses of $1.7M, and assets of $831K (revenue -5.1% year-over-year).
2019: Revenue of $2.1M, expenses of $2.1M, and assets of $511K (revenue +18.7% year-over-year).
2018: Revenue of $1.8M, expenses of $2.0M, and assets of $509K (revenue +2.7% year-over-year).
2017: Revenue of $1.7M, expenses of $1.7M, and assets of $892K (revenue -24.9% year-over-year).
2016: Revenue of $2.3M, expenses of $2.2M, and assets of $888K (revenue +26.3% year-over-year).
2015: Revenue of $1.8M, expenses of $1.7M, and assets of $740K (revenue +0.7% year-over-year).
2014: Revenue of $1.8M, expenses of $1.8M, and assets of $783K (revenue +5.7% year-over-year).
2013: Revenue of $1.7M, expenses of $1.6M, and assets of $628K (revenue -2.4% year-over-year).
2012: Revenue of $1.7M, expenses of $1.6M, and assets of $748K (revenue +16.0% year-over-year).
2011: Revenue of $1.5M, expenses of $1.7M, and assets of $616K.

Data Sources and Methodology

This transparency report for Asphalt Roofing Manufacturers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.