MID CONTINENT OILMENS INVITATIONAL… - Form 990 Financial Data

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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

1968

Legal Domicile

Phone

4052311800

Tax Period

2023-01-01 to 2023-12-31

MID CONTINENT OILMENS INVITATIONAL INC, founded in 1968, is a small nonprofit that reported $282K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

FELLOWSHIP AND GOLF TOURNAMENT

Program Service Accomplishments

Program 1

Expenses: $274,156 Revenue: $281,760

ANNUAL INVITATIONAL GOLF TOURNAMENT AND RELATED SOCIAL ACTIVITIES WITH OVER 350 DIRECT PARTICIPANTS PROMOTING FELLOWSHIP AND COMMUNICATION AMONG ENTITIES AND INDIVIDUALS INVOLVED IN THE OIL AND GAS...

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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 $0

Program Service Revenue $281,760

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,760

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $274,156

Other Expenses $274,156

TOTAL EXPENSES $275,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,760	$233,708	+0.2%
Expenses	$275,156	$275,277	0.0%
Net Income	$6,604	$-41,569	-1.2%

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

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
KYLE FILSON	Director	Director	$0	$0	$0
ROB FORD	Director	Director	$0	$0	$0
KARL HOLLIMAN	Vice Chairman	Officer Director	$0	$0	$0
J P DICK	Director	Director	$0	$0	$0
TOMMIE HERELL	Director	Director	$0	$0	$0
CLIFF McKAUGHAN	Director	Director	$0	$0	$0
JIM HEINZE	Director	Director	$0	$0	$0
DON CAMERON	Director	Director	$0	$0	$0
LEE SELBY	Director	Director	$0	$0	$0
MIKE GIALOUSIS	Chairman	Officer Director	$0	$0	$0
BOONE DUBOSE	Director	Director	$0	$0	$0
JOHN ROBERTS	Director	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	$281,760	$275,156	$53,316	$6,604
2022	$233,708	$275,277	$46,712	$-41,569
2021	$232,088	$228,304	$88,281	$3,784
2020	$222,163	$204,722	$84,497	$17,441

MID CONTINENT OILMENS INVITATIONAL INC