ILLINOIS OIL & GAS 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

1944

Legal Domicile

Principal Officer

STEVE LAMPLEY

Phone

6182422857

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS OIL & GAS ASSOCIATION, founded in 1944, is a small nonprofit that reported $624K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $546K left a modest 12% surplus.

Mission

PROVIDE INSIGHT INTO NEW TECHNOLOGY AND LAWS RELATING TO THE OIL AND GAS INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $434,467 Revenue: $349,531

FALL AND ANNUAL MEETINGS UPDATE MEMBERS ON CURRENT INDUSTRY ISSUES. TRAINING AND SAFETY BOOKS PROVIDE MEMBERS WITH INDUSTRY INFORMATION. THE DIRECTORY LISTING INCLUDES ALL MEMBERS.

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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 $192,750

Program Service Revenue $294,707

Investment Income $10,953

Other Revenue $125,180

TOTAL REVENUE $623,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,121

Fundraising Expenses $0

Program Expenses $434,467

Other Expenses $464,808

TOTAL EXPENSES $545,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$623,590	$552,333	+0.1%
Expenses	$545,929	$608,003	-0.1%
Net Income	$77,661	$-55,670	-2.4%

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

$72,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE LAMPLEY	President	0.00	Officer Director	$0	$0	$0
NELSON WOOD	Member At Large	0.00	Officer Director	$0	$0	$0
JESSE MIDDAGH	Member At Large	0.00	Officer Director	$0	$0	$0
RYAN MITCHELL	1st Vice President	0.00	Officer Director	$0	$0	$0
MATTHEW MCARTHY	Treasurer	0.00	Officer Director	$0	$0	$0
STACY TATE	3rd Vice President	0.00	Officer Director	$0	$0	$0
ROSS BASNETT	2nd Vice President	0.00	Officer Director	$0	$0	$0
BRANDI STENNETT	Secretary	0.00	Officer Director	$0	$0	$0
JIM ELDER	Executive Vice President	40.00	Officer	$72,992	$0	$72,992

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	$623,590	$545,929	$691,510	$77,661
2023	$552,333	$608,003	$591,095	$-55,670
2022	$620,286	$610,219	$642,910	$10,067
2021	$337,655	$389,325	$897,009	$-51,670
2020	$483,210	$495,431	$847,721	$-12,221
2019	$563,691	$623,032	$795,645	$-59,341
2018	$465,544	$506,845	$634,211	$-41,301