Virginia Oil & Gas Association Inc

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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

1977

Legal Domicile

Principal Officer

JOSH BALL

Phone

2766192656

Tax Period

2023-01-01 to 2023-12-31

Virginia Oil & Gas Association Inc, founded in 1977, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 26% operating margin.

Mission

To promote and protect the Virginia Natural Gas and Oil producing industry through educating members about the challenges and opportunities confronting our industry.

Program Service Accomplishments

Program 1

Expenses: $97,984 Revenue: $153,761

To promote and protect the Virginia Natural Gas and Oil producing industry through educating members about the challenges and opportunities confronting our 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 (2023)

Revenue Breakdown

Contributions & Grants $178,591

Program Service Revenue $0

Investment Income $2,100

Other Revenue $42,325

TOTAL REVENUE $223,016

Expense Breakdown

Grants Paid $40,501

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,984

Other Expenses $123,844

TOTAL EXPENSES $164,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,016	$177,285	+0.3%
Expenses	$164,345	$183,341	-0.1%
Net Income	$58,671	$-6,056	-10.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
MAURICE ROYSTER	DIRECTORVICE PRESIDEN	N/A	Officer Director	$0	$0	$0
ANN MARIE GATHRIGHT	DIRECTORSECRETARY	N/A	Officer Director	$0	$0	$0
LEON BOYD	DIRECTORVICE PRES	N/A	Officer Director	$0	$0	$0
LAWTON MULLINS	PresidentDirector	2.000	Officer Director	$0	$0	$0
SUSAN LARSON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LAWSON	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN MILLER	TREASURER	2.000	Director	$0	$0	$0
BRUCE PRATHER	DIRECTOR	N/A	Director	$0	$0	$0
KEN YAGELSKI	DIRECTOR	N/A	Director	$0	$0	$0
JOSH BALL	DIRECTORVICE PRESIDEN	2.000	Officer Director	$0	$0	$0
SHAWN EIKEN	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN ELKINS	DIRECTOR	N/A	Director	$0	$0	$0
BRENT ARCHER	DIRECTOR	N/A	Director	$0	$0	$0
FRANK HENDERSON	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE MASON	DIRECTOR	N/A	Director	$0	$0	$0
JERRY GRANTHAM	DIRECTOR	N/A	Director	$0	$0	$0
JOEY SAULS	DIRECTOR	N/A	Director	$0	$0	$0
JIM MCKINNEY	DIRECTOR	N/A	Director	$0	$0	$0
GREG KOZERA	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN HESS	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BEAMER	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE GRABIEC	DIRECTOR	N/A	Director	$0	$0	$0
YEMI AKINKUGBE	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN MURPHY	DIRECTOR	N/A	Director	$0	$0	$0
SHAWN AIKEN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LAWSON	Director	N/A	Director	$0	$0	$0
KEVIN MILLER	DIRECTOR	N/A	Director	$0	$0	$0
WILL WHISENANT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MURPHY	DIRECTOR	N/A	Director	$0	$0	$0
BEN SULLIVAN	DIRECTOR	N/A	Director	$0	$0	$0
WILL WHISENANT	DIRECTOR	N/A	Director	$0	$0	$0
BEN SULLIVAN	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$223,016	$164,345	$175,018	$58,671
2022	$177,285	$183,341	$165,112	$-6,056
2019	$224,818	$208,094	$168,088	$16,724
2018	$225,664	$216,859	$151,364	$8,805