WEST VIRGINIA OIL AND NATURAL GAS ASSOCIATION INC (EIN 550686236) - 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

1915

Legal Domicile

Principal Officer

CHARLIE BURD

Phone

3043449867

Tax Period

2021-01-01 to 2021-10-11

WEST VIRGINIA OIL AND NATURAL GAS ASSOCIATION INC, founded in 1915, is a micro nonprofit that reported $5K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 1097% operating deficit.

Mission

THE WEST VIRGINIA OIL & NATURAL GAS ASSOCIATION, INC. IS A STATEWIDE TRADE ORGANIZATION THAT WAS FOUNDED IN 1915 TO REPRESENT, PROTECT, AND PROMOTE THE INTERESTS OF THE STATE'S OIL AND NATURAL GAS INDUSTRY. MEMBERSHIP IN THE ASSOCIATION IS OPEN TO ALL SEGMENTS OF THE INDUSTRY, I.E. EXPLORATION, PRODUCTION, DISTRIBUTION, TRANSPORTATION, CONTRACTING, SERVICE, SUPPLY, ETC.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,300

Program Service Revenue $0

Investment Income $677

Other Revenue $830

TOTAL REVENUE $4,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,585

Fundraising Expenses $0

Program Expenses $14,874

Other Expenses $55,957

TOTAL EXPENSES $57,542

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,807	$725,132	-1.0%
Expenses	$57,542	$813,683	-0.9%
Net Income	$-52,735	$-88,551	-0.4%

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

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	Role	Reportable Comp	Other Comp	Total
TOM WESTFALL MOUNTAINEER GAS	PRESIDENT	Officer Director	$0	$0	$0
KELLY MOSS APEX PIPELINE SVCS INC I	TREASURER	Officer Director	$0	$0	$0
JENNIFER COX	EXEC DIR/SECRETARY	Officer Director	$0	$0	$0
JASON HARSHBARGER DOMINION ENERGY	DIRECTOR	Director	$0	$0	$0
MARIBETH ANDERSON CHESAPEAKE	DIRECTOR	Director	$0	$0	$0
JIM CREWS MARKWEST ENERGY PARTNERS	DIRECTOR	Director	$0	$0	$0
RYAN CUNNINGHAM CUNNINGHAM ENERGY	DIRECTOR	Director	$0	$0	$0
HOLLY HANNOLD XTO ENERGY	DIRECTOR	Director	$0	$0	$0
MARC HALBRITTER BLUE RACER MIDSTREA	DIRECTOR	Director	$0	$0	$0
PAUL HUNTER WILLIAMS	DIRECTOR	Director	$0	$0	$0
BRITTANY LAPORTA TC ENERGY	DIRECTOR	Director	$0	$0	$0
MIKE POOLE HIGHLANDS DRILLING	DIRECTOR	Director	$0	$0	$0
MARK VELTRI CRESTWOOD MIDSTREAM	DIRECTOR	Director	$0	$0	$0
CHRIS WEIKLE SOUTHWESTERN ENERGY CO	DIRECTOR	Director	$0	$0	$0
BEN HARDESTY ALTA ENERGY	DIRECTOR	Director	$0	$0	$0
ROBERT ORNDORFF	DIRECTOR	Director	$0	$0	$0
LLOYD JACKSON JACKSON GAS COMPANY	DIRECTOR	Director	$0	$0	$0
CARRIE CRUMPTONCNX RESOURCES	DIRECTOR	Director	$0	$0	$0
CHRISTINE MITCHELL DOMINION ENERGY	DIRECTOR	Director	$0	$0	$0
JOHN BANE EQT CORP	DIRECTOR	Director	$0	$0	$0
RHETT METZ ENERGY TRANSFER	DIRECTOR	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
2021	$4,807	$57,542	No data	$-52,735
2020	$725,132	$813,683	$476,775	$-88,551
2019	$1,074,078	$780,967	$717,584	$293,111
2018	$819,873	$751,995	$387,846	$67,878

WEST VIRGINIA OIL AND NATURAL GAS ASSOCIATION INC