Illinois Ready Mixed Concrete Association
EIN: 371003241 · Normal, IL
| Metric | Value |
|---|---|
| Total Revenue | $786K |
| Total Expenses | $533K |
| Net Assets | $639K |
Is Illinois Ready Mixed Concrete Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Ready Mixed Concrete Association
Illinois Ready Mixed Concrete Association (EIN: 371003241) is a nonprofit organization based in Normal, IL. The organization reported total revenue of $786K and total assets of $889K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Ready Mixed Concrete Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Ready Mixed Concrete Association is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $624K |
| Total Expenses | $533K |
| Surplus / Deficit | +$92K |
| Total Assets | $847K |
| Total Liabilities | $208K |
| Net Assets | $639K |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Illinois Ready Mixed Concrete Association reported a surplus of $92K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Illinois Ready Mixed Concrete Association's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +22.8% | +15.7% |
| 2022 | +19.8% | -5.3% | +43.7% |
| 2021 | -13.5% | -18.6% | +7.4% |
| 2020 | -2.8% | -9.5% | -2.3% |
| 2019 | +10.2% | +5.2% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Ready Mixed Concrete Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Ready Mixed Concrete Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $92K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.6%.
Frequently Asked Questions about Illinois Ready Mixed Concrete Association
Is Illinois Ready Mixed Concrete Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Ready Mixed Concrete Association (EIN: 371003241) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Ready Mixed Concrete Association spend its money?
Detailed spending breakdown data is not yet available for Illinois Ready Mixed Concrete Association. Check back for updated IRS 990 analysis.
Are donations to Illinois Ready Mixed Concrete Association tax-deductible?
Illinois Ready Mixed Concrete Association is registered as a tax-exempt nonprofit (EIN: 371003241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Ready Mixed Concrete Association located?
Illinois Ready Mixed Concrete Association is headquartered in Normal, Illinois and files with the IRS under EIN 371003241.
How many years of IRS 990 filings does Illinois Ready Mixed Concrete Association have?
Illinois Ready Mixed Concrete Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $786K in total revenue.
Filing History
IRS 990 filing history for Illinois Ready Mixed Concrete Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Illinois Ready Mixed Concrete Association's revenue has grown by 70.5%, moving from $366K to $624K. Total assets increased by 12.8% over the same period, from $751K to $847K. Total functional expenses rose by 39%, from $383K to $533K. In its most recent filing year (2023), Illinois Ready Mixed Concrete Association reported a surplus of $92K, with revenue exceeding expenses. The organization holds $208K in liabilities against $847K in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $624K | $533K | $847K | $208K | — | — |
| 2022 | $634K | $434K | $732K | $185K | — | View 990 |
| 2021 | $530K | $458K | $510K | $163K | — | View 990 |
| 2020 | $612K | $562K | $474K | $199K | — | — |
| 2019 | $630K | $622K | $485K | $260K | — | View 990 |
| 2018 | $572K | $591K | $438K | $221K | — | View 990 |
| 2017 | $530K | $600K | $449K | $214K | — | View 990 |
| 2016 | $417K | $569K | $449K | $143K | — | View 990 |
| 2015 | $350K | $452K | $610K | $153K | — | View 990 |
| 2014 | $328K | $358K | $644K | $85K | — | View 990 |
| 2013 | $350K | $406K | $682K | $92K | — | View 990 |
| 2012 | $335K | $373K | $728K | $82K | — | View 990 |
| 2011 | $366K | $383K | $751K | $68K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $624K, expenses of $533K, and assets of $847K (revenue -1.6% year-over-year).
- 2022: Revenue of $634K, expenses of $434K, and assets of $732K (revenue +19.8% year-over-year).
- 2021: Revenue of $530K, expenses of $458K, and assets of $510K (revenue -13.5% year-over-year).
- 2020: Revenue of $612K, expenses of $562K, and assets of $474K (revenue -2.8% year-over-year).
- 2019: Revenue of $630K, expenses of $622K, and assets of $485K (revenue +10.2% year-over-year).
- 2018: Revenue of $572K, expenses of $591K, and assets of $438K (revenue +8.0% year-over-year).
- 2017: Revenue of $530K, expenses of $600K, and assets of $449K (revenue +27.0% year-over-year).
- 2016: Revenue of $417K, expenses of $569K, and assets of $449K (revenue +19.1% year-over-year).
- 2015: Revenue of $350K, expenses of $452K, and assets of $610K (revenue +6.9% year-over-year).
- 2014: Revenue of $328K, expenses of $358K, and assets of $644K (revenue -6.3% year-over-year).
- 2013: Revenue of $350K, expenses of $406K, and assets of $682K (revenue +4.3% year-over-year).
- 2012: Revenue of $335K, expenses of $373K, and assets of $728K (revenue -8.4% year-over-year).
- 2011: Revenue of $366K, expenses of $383K, and assets of $751K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Ready Mixed Concrete Association:
Data Sources and Methodology
This transparency report for Illinois Ready Mixed Concrete 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.