NATIONAL DRILLING ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

SAM CONNELLY

Phone

2162103827

Tax Period

2023-01-01 to 2023-12-31

NATIONAL DRILLING ASSOCIATION, founded in 1972, is a small nonprofit that reported $302K in total revenue in fiscal year 2023. Expenses of $357K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE THE USE OF PROFESSIONAL DRILLING CONTRACTORS AND THEIR METHODS.

Program Service Accomplishments

Program 1

Expenses: $12,672 Revenue: $18,890

SAFETY PROGRAM - PROVIDE SAFETY KITS, MANUALS, DECALS, AND OTHER INFORMATION REGARDING THE SAFETY OF THE DRILLING PROFESSION.

Program 2

Expenses: $39,252 Revenue: $48,090

MAGAZINE PUBLICATION FOR THE BENEFIT OF ITS 250 MEMBERS TO HELP PROMOTE THE USE OF PROFESSIONAL DRILLING CONTRACTORS, TO PROVIDE VALUABLE INFORMATION AFFECTING THE DRILLING INDUSTRY AND TO EDUCATE...

MAGAZINE PUBLICATION FOR THE BENEFIT OF ITS 250 MEMBERS TO HELP PROMOTE THE USE OF PROFESSIONAL DRILLING CONTRACTORS, TO PROVIDE VALUABLE INFORMATION AFFECTING THE DRILLING INDUSTRY AND TO EDUCATE ITS MEMBERS ON SAFETY ISSUES.

Program 3

Expenses: $141,906 Revenue: $127,054

CONVENTIONS HELD FOR ITS MEMBERS TO DEMONSTRATE NEW IDEAS IN THE INDUSTRY, PROVIDE NEW SAFETY METHODS AND PROCEDURES, AND TO ALSO PROVIDE AN OPPORTUNITY FOR THE MEMBERS TO NETWORK, MEET AND NOMINATE...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $87,219

Program Service Revenue $194,034

Investment Income $0

Other Revenue $20,636

TOTAL REVENUE $301,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,830

Other Expenses $357,100

TOTAL EXPENSES $357,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,889	$312,970	0.0%
Expenses	$357,100	$373,818	0.0%
Net Income	$-55,211	$-60,848	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN HALADA	DIRECTOR	3.00	Director	$0	$0	$0
SAM CONNELLY	PRESIDENT	3.00	Officer Director	$0	$0	$0
BOB MOYER	DIRECTOR	3.00	Director	$0	$0	$0
ERIC HAJEK	DIRECTOR	3.00	Director	$0	$0	$0
JIM HOWE	TREASURER	3.00	Officer Director	$0	$0	$0
CHRIS DEVILLERS	DIRECTOR	3.00	Director	$0	$0	$0
MATT VASS	DIRECTOR	3.00	Director	$0	$0	$0
MIKE WILLEY	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL SCARINGELLA	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN SIWINSKI	DIRECTOR	3.00	Director	$0	$0	$0
DOUG WISNEWSKI	DIRECTOR	3.00	Director	$0	$0	$0
BILL SIAR	DIRECTOR	3.00	Director	$0	$0	$0
JOE ACCARDI	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH J MEHALICK	DIRECTOR	3.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$301,889	$357,100	$308,514	$-55,211
2022	$312,970	$373,818	$410,831	$-60,848
2021	$205,569	$239,132	$478,588	$-33,563
2020	$191,336	$164,117	$502,673	$27,219
2019	$277,920	$237,920	$437,116	$40,000