LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION (EIN 263239839) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

TOMMY FAUCHEUX

Phone

2253873205

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 9% surplus.

Mission

LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION'S MISSION IS TO PROMOTE AND REPRESENT THE OIL AND GAS INDUSTRY OPERATING IN LOUISIANA AND THE GULF OF MEXICO BY EXTENDING REPRESENTATION OF OUR MEMBERS TO THE LOUISIANA LEGISLATURE, STATE AND FEDERAL AGENCIES, THE LOUISIANA CONGRESSIONAL DELEGATION, THE MEDIA, AND THE GENERAL PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,406,500

Program Service Revenue $218,010

Investment Income $28,578

Other Revenue $32,001

TOTAL REVENUE $2,685,089

Expense Breakdown

Grants Paid $560

Salaries & Benefits $1,209,027

Fundraising Expenses $0

Other Expenses $1,233,899

TOTAL EXPENSES $2,443,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,685,089	$2,815,027	0.0%
Expenses	$2,443,486	$2,865,545	-0.1%
Net Income	$241,603	$-50,518	-5.8%

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

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

$351,694

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN MCBRIDE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRYAN WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE HENSCHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT SHEPPARD	BOARD MEMBER	2.00	Director	$0	$0	$0
DARRELL JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREN GENTILE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEVIN HOTZEL	BOARD MEMBER	2.00	Director	$0	$0	$0
JON MCCLELLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM KEYES	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT GROS	BOARD MEMBER	2.00	Director	$0	$0	$0
CAMILLE IVY-ODONNELL	BOARD MEMBER	2.00	Director	$0	$0	$0
COLETTE HIRSTIUS	BOARD MEMBER	2.00	Director	$0	$0	$0
FRED PALMER	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED WIMBERLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM HUTCHISON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HARRINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
LEAH BROWN	CHAIR	2.00	Officer Director	$0	$0	$0
MARIA GUEDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK PIATEK	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICE ARON	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB BEADLE	BOARD MEMBER	2.00	Director	$0	$0	$0
STERLING NEBLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY LITTLE	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON DAMEN	BOARD MEMBER	2.00	Director	$0	$0	$0
REGINA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MISTY MCGOWEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TAYLOR PLAYFORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
LESLEY SCHAAFF	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE ORROCK	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA FERRELL	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS FAUCHEUX JR	PRESIDENT	40.00	Officer	$328,131	$23,563	$351,694
ASHLEY CAIN	DIRECTOR OF PUBLIC AND GOV	40.00	Highest	$151,997	$7,485	$159,482
DAMIEN WATT	DIRECTOR OF REGULATORY AFFAIRS	40.00	Highest	$166,786	$16,301	$183,087

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	$2,685,089	$2,443,486	$3,565,477	$241,603
2023	$2,815,027	$2,865,545	$3,351,314	$-50,518
2022	$2,483,667	$2,384,563	$3,485,740	$99,104
2021	$2,634,958	$2,507,476	$3,182,596	$127,482
2020	$2,439,698	$1,928,882	$3,052,424	$510,816
2019	$2,150,471	$1,656,311	$2,573,697	$494,160
2018	$2,281,958	$2,643,250	$2,500,016	$-361,292

LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION