DICKINSON AREA CHAPTER OF THE AMER… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

KRISTY HALVERSON

Phone

7012901063

Tax Period

2024-01-01 to 2024-12-31

DICKINSON AREA CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE, founded in 1980, is a small nonprofit that reported $203K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $66K, a strong 33% operating margin.

Mission

SCHOLARSHIPS FOR EDUCATION IN PETROLEUM RELATED FIELDS AND TRAINING PROGRAMS FOR THE AREA INDUSTRY PERSONNEL.

Program Service Accomplishments

Program 1

SCHOLARSHIPS FOR EDUCATION IN PETROLEUM RELATED FIELDS AND TRAINING PROGRAMS FOR THE AREA INDUSTRY PERSONNEL.

Program 2

DONATIONS TO MANY LOCAL AND STATE CHARITIES.

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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 $171,261

Program Service Revenue $18,229

Investment Income $11,924

Other Revenue $1,090

TOTAL REVENUE $202,504

Expense Breakdown

Grants Paid $66,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $70,612

TOTAL EXPENSES $136,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,504	$252,705	-0.2%
Expenses	$136,612	$181,720	-0.2%
Net Income	$65,892	$70,985	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TANGEN	CHAIR	1.00	Officer Director	$0	$0	$0
TROY KESSEL	2ND VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KYLE WENTZ	3RD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JACKIE JENKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTY HALVERSON	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY STEINER	PUBLIC RELATIONS	1.00	Director	$0	$0	$0
WILL DAVIDSON	1ST VICE-CHAIR	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	$202,504	$136,612	$442,047	$65,892
2023	$252,705	$181,720	$368,638	$70,985
2022	$82,989	$115,784	$276,664	$-32,795
2021	$76,949	$90,752	$356,566	$-13,803
2020	$29,599	$50,410	$352,353	$-20,811
2019	$125,322	$62,883	$360,587	$62,439
2018	$74,739	$53,548	$298,148	$21,191

DICKINSON AREA CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE