AMERICAN OIL CHEMISTS' SOCIETY FOUNDATIO FOUNDATION

EIN: 371219904 501(c)(3) Science & Technology

CHAMPAIGN, IL

Total Revenue
$41,308
Total Expenses
$32,469
Total Assets
$682,157
Net Assets
$676,638
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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
1971
Legal Domicile
IL
Principal Officer
MEGHAN DREWES
Phone
2173592344
Tax Period
2024-01-01 to 2024-12-31

AMERICAN OIL CHEMISTS' SOCIETY FOUNDATIO FOUNDATION, founded in 1971, is a micro nonprofit in the Science & Technology sector that reported $41K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 21% operating margin.

Mission

SUPPORT NONPROFIT ACTIVITIES OF THE AMERICAN OIL CHEMISTS' SOCIETY (501C(3))

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,480
Program Service Revenue $0
Investment Income $21,828
Other Revenue $0
TOTAL REVENUE $41,308

Expense Breakdown

Grants Paid $16,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,197
Other Expenses $15,969
TOTAL EXPENSES $32,469

Year-over-Year Comparison

2024 2023 Change
Revenue $41,308 $34,242 +0.2%
Expenses $32,469 $24,812 +0.3%
Net Income $8,839 $9,430 -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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
6
$278,228
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY O'LENICK PRESIDENT 1.00
Officer Director
$0 $0 $0
GRANT MITCHELL PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
GERARD BAILLELY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FABIOLA DIONISI SECRETARY 1.00
Officer Director
$0 $0 $0
GREG HATFIELD TREASURER 1.00
Officer Director
$0 $0 $0
PATRICK DONNELLY CHIEF EXECUTIVE OFFICER 2.00
Officer
$0 $26,569 $278,228
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 $41,308 $32,469 $682,157 $8,839
2023 $34,242 $24,812 $627,128 $9,430
2022 $27,358 $33,768 $557,033 $-6,410
2021 $106,356 $24,962 $650,497 $81,394
2020 $28,848 $15,506 $578,446 $13,342
2019 $31,397 $42,608 $509,139 $-11,211
2018 $40,345 $23,235 $446,943 $17,110
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