OIL AND NATURAL GAS INDUSTRY LABOR MANAGEMENT COMMITTEE (EIN 270567842) - 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

2009

Legal Domicile

Principal Officer

MICHAEL SOMMERS

Phone

2026828000

Tax Period

2024-01-01 to 2024-12-31

OIL AND NATURAL GAS INDUSTRY LABOR MANAGEMENT COMMITTEE, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 15% operating margin.

Mission

THE CREATION OF GOOD JOBS ACROSS THE OIL AND GAS INDUSTRY.

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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 $101,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,000

Expense Breakdown

Grants Paid $72,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,500

Other Expenses $13,213

TOTAL EXPENSES $85,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,000	$404,000	-0.8%
Expenses	$85,713	$366,323	-0.8%
Net Income	$15,287	$37,677	-0.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MCGARVEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE SOMMERS	SECRETARY-TREASURER	1.00	Officer 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	$101,000	$85,713	$122,403	$15,287
2023	$404,000	$366,323	$107,116	$37,677
2022	$202,000	$336,126	$69,439	$-134,126
2021	$404,042	$308,194	$203,565	$95,848
2020	$404,000	$316,245	$107,717	$87,755
2019	$598,000	$589,839	$19,962	$8,161
2018	$253,000	$359,951	$11,801	$-106,951

OIL AND NATURAL GAS INDUSTRY LABOR MANAGEMENT COMMITTEE