MICHIGAN PETROLEUM ASSOCIATION (EIN 381248376) - 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

1984

Legal Domicile

Principal Officer

MARK GRIFFIN

Phone

5176223530

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN PETROLEUM ASSOCIATION, founded in 1984, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO HELP MEMBERS STAY INFORMED OF LAW CHANGES AND COMPLIANCE REGULATIONS IN THE PETROLEUM 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 (2025)

Revenue Breakdown

Contributions & Grants $25,000

Program Service Revenue $978,594

Investment Income $36,160

Other Revenue $204,834

TOTAL REVENUE $1,244,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,933

Fundraising Expenses $0

Other Expenses $743,348

TOTAL EXPENSES $1,278,281

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,244,588	$1,100,434	+0.1%
Expenses	$1,278,281	$1,144,761	+0.1%
Net Income	$-33,693	$-44,327	-0.2%

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

Employees

Volunteers

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

$247,956

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ABDOO	BOARD	1.00	Director	$0	$0	$0
JOE ALBERS	BOARD	1.00	Director	$0	$0	$0
TIM ALT	BOARD	1.00	Director	$0	$0	$0
SHANE APPLEBEE	BOARD	1.00	Director	$0	$0	$0
BRUCE BARINGER	BOARD	1.00	Director	$0	$0	$0
NANCY BECKWITH	BOARD	1.00	Director	$0	$0	$0
CHARLIE BURNS	BOARD	1.00	Director	$0	$0	$0
DAVID COYNE	BOARD	1.00	Director	$0	$0	$0
JIM CUTHBERTSON	BOARD	1.00	Director	$0	$0	$0
FRED DORE	BOARD	1.00	Director	$0	$0	$0
JOHN FOSTER	BOARD	1.00	Director	$0	$0	$0
JOSH FOSTER	BOARD	1.00	Director	$0	$0	$0
LARRY GALGOCI	BOARD	1.00	Director	$0	$0	$0
ROBERT HOHN	BOARD	1.00	Director	$0	$0	$0
CAITLIN HOHN	BOARD	1.00	Director	$0	$0	$0
CRAIG HOPPEN	BOARD	1.00	Director	$0	$0	$0
JERALD IGNASH	BOARD	1.00	Director	$0	$0	$0
KELLY LAPPINGA	BOARD	1.00	Director	$0	$0	$0
BRUCE LITCHFORD	BOARD	1.00	Director	$0	$0	$0
CRAIG MARZKE	BOARD	1.00	Director	$0	$0	$0
KURT MARZKE	BOARD	1.00	Director	$0	$0	$0
JOE MCAVOY	BOARD	1.00	Director	$0	$0	$0
DENNIS P MCCARTHY	BOARD	1.00	Director	$0	$0	$0
DENNIS B MCCARTHY	BOARD	1.00	Director	$0	$0	$0
BRIAN MCCARTHY	BOARD	1.00	Director	$0	$0	$0
TERRY MCTAGGART	BOARD	1.00	Director	$0	$0	$0
ANDY MERCER	BOARD	1.00	Director	$0	$0	$0
BRIAN MIFSUD	BOARD	1.00	Director	$0	$0	$0
SCOTT MILLER	BOARD	1.00	Director	$0	$0	$0
MIKE MITCHELL	BOARD	1.00	Director	$0	$0	$0
ABBY MONIZ	BOARD	1.00	Director	$0	$0	$0
DAN POHL	BOARD	1.00	Director	$0	$0	$0
ANDREW ROESER	BOARD	1.00	Director	$0	$0	$0
BILL SAAD	BOARD	1.00	Director	$0	$0	$0
RICH TALLMAN	BOARD	1.00	Director	$0	$0	$0
BRAD VAN MANEN	BOARD	1.00	Director	$0	$0	$0
DAVID WAKELAND	BOARD	1.00	Director	$0	$0	$0
CLIFF KNAGGS	BOARD	1.00	Director	$0	$0	$0
PETE LANGLEY	BOARD	1.00	Director	$0	$0	$0
CALLEN SCHAIBLE	BOARD	1.00	Director	$0	$0	$0
LOREN HOPPEN	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CORRIGAN	TREASURER	1.00	Officer Director	$0	$0	$0
JIM LINTON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TYLER BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK GRIFFIN	PRESIDENT	50.00	Officer	$208,200	$39,756	$247,956
ROBERT CLEARY	LOBBYIST	1.00	Highest	$106,082	$5,629	$111,711

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
2025	$1,244,588	$1,278,281	$1,817,627	$-33,693
2024	$1,100,434	$1,144,761	$1,742,095	$-44,327
2023	$1,192,340	$1,092,388	$1,747,214	$99,952
2022	$991,501	$1,038,877	$1,632,353	$-47,376
2021	$1,176,439	$989,226	$1,742,386	$187,213
2020	$815,540	$889,385	$1,553,164	$-73,845
2019	$1,140,401	$1,096,178	$1,588,470	$44,223
2018	$1,080,077	$1,080,390	$1,457,435	$-313

MICHIGAN PETROLEUM ASSOCIATION