Western Dakota Energy 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

1989

Legal Domicile

Principal Officer

Joelle VanderLinden

Phone

7015271832

Tax Period

2023-07-01 to 2024-06-30

Western Dakota Energy Association, founded in 1989, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $280K, a strong 21% operating margin.

Mission

Statistical and nonstatistical information gathered and provided for the members concerning the problems and solutions of the oil industry in North Dakota.

Program Service Accomplishments

Program 1

Expenses: $848,627 Revenue: $1,328,221

Statistical and nonstatistical information gathered and provided for the members concerning the problems and solutions of the oil industry in North Dakota.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,328,221

Program Service Revenue $0

Investment Income $6,588

Other Revenue $0

TOTAL REVENUE $1,334,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,283

Fundraising Expenses $0

Program Expenses $848,627

Other Expenses $894,510

TOTAL EXPENSES $1,054,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,334,809	$1,289,758	+0.0%
Expenses	$1,054,793	$1,016,814	+0.0%
Net Income	$280,016	$272,944	+0.0%

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

$137,144

Total Directors

$11,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Holter	Director	1.00	Director	$1,225	$0	$1,225
Trudy Ruland	President	1.00	Officer Director	$1,225	$0	$1,225
Leslie Bieber	Vice President	1.00	Officer Director	$2,315	$0	$2,315
Tim Holte	Director	1.00	Director	$700	$0	$700
Lyn James	Director	1.00	Director	$1,225	$0	$1,225
John Phillips	Director	1.00	Director	$1,050	$0	$1,050
Keith Harris	Director	1.00	Director	$0	$0	$0
Craig Pelton	Director	1.00	Director	$1,225	$0	$1,225
Nick Klemisch	Director	1.00	Director	$1,225	$0	$1,225
Vawnita Best	Director	1.00	Director	$350	$0	$350
Howard Klug	Director	1.00	Director	$875	$0	$875
Geoffrey Simon	Executive Director	40.00	Officer	$133,604	$0	$133,604
Joelle VanderLinden	Treasurer	10.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,334,809	$1,054,793	$1,172,872	$280,016
2023	$1,289,758	$1,016,814	$893,484	$272,944
2022	$861,439	$1,128,781	$619,809	$-267,342
2021	$734,635	$913,216	$887,686	$-178,581