WILLISTON BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE (EIN 450388975) - 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

1982

Legal Domicile

Principal Officer

KERRI ESPELAND

Phone

6123060946

Tax Period

2024-01-01 to 2024-12-31

WILLISTON BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE, founded in 1982, is a small nonprofit that reported $171K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $215K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE WILLISTON BASIN API FOSTERS THE EDUCATIONAL AND SOCIAL GROWTH OF ITS 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 $195,730

Program Service Revenue $0

Investment Income $1,129

Other Revenue $-26,064

TOTAL REVENUE $170,795

Expense Breakdown

Grants Paid $117,626

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $97,726

TOTAL EXPENSES $215,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,795	$140,563	+0.2%
Expenses	$215,352	$105,043	+1.1%
Net Income	$-44,557	$35,520	-2.3%

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
KERRI ESPELAND	PRESIDENT	8.00	Officer Director	$0	$0	$0
HOLAND NEUBAUER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
BRANDI GUSTAFSON	TREASURER	4.00	Officer Director	$0	$0	$0
TERA DECKER	SECRETARY	4.00	Officer Director	$0	$0	$0
BROM LUTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER VACHAL	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS KEIPER	BOARD MEMBER	2.00	Director	$0	$0	$0
BONES DELAUNAY	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN STOGNER	BOARD MEMBER	2.00	Director	$0	$0	$0
BOBBY PURDY	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE CONLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB JOHNER	BOARD MEMBER	2.00	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	$170,795	$215,352	$59,001	$-44,557
2023	$140,563	$105,043	$103,558	$35,520
2022	$139,955	$158,365	$68,038	$-18,410
2021	$200,628	$188,400	$86,448	$12,228
2020	$156,217	$143,144	$74,220	$13,073
2019	$207,154	$206,851	$61,147	$303
2018	$219,348	$183,727	$60,844	$35,621

WILLISTON BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE