VAA Annual Report 2020

VAASPHALT.ORG 07 FINANCIAL HEALTH VAA Membership Membership As the technical Association for the asphalt industry in Virginia, VAA and members have worked to expand the number of member companies. A concerted effort was made to attract not only asphalt producers and associate contractors (i.e., placement, pavement marking, preventive maintenance, etc.) but also affiliate members. This was done by providing incentives for companies to join the Association, primarily through reduced fees at events and end of the year membership sales. For 2020, VAA had five companies resign from the Association and six companies join the Association and one member who shifted categories. Overall, VAA gained a net of one member. Given the fiscal impacts felt by many companies, staying steady on membership was considered a success. In the future, VAA will continue to focus on increasing member- ship size—including contractor and associate contractor prospects. However, VAA expects membership numbers to drop in the first half of 2021 due to companies trimming expenses until their markets rebound. By the end of 2021, VAA anticipates returning to current or higher membership levels due to MAAE 2021 and other new offerings by the Association. Number of Members Over Time 2014‒2020 †2020 thru Dec 31, 2020 Contractor Associate Contractor Affiliate Total 2014 2015 2016 2017 2018 †2020 2019 140 120 100 80 60 40 20 0 The pandemic challenges affected all of us in one way or another. Our industry is resilient and the hardworking, dedicated people are the backbone. I take pride in the fact we are all in this together, and I am hopeful, we will see the light at the end of the tunnel this year. Mike Rounds, General Manager/Asphalt Division, Fort Myer Construction Corporation