MICHAEL LATE BENEDUM CHAPTER OF THE AMERICAN ASSOCIATION OF LANDMEN (EIN 550696837) - 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

1959

Legal Domicile

Principal Officer

LHAG BOWERS

Phone

3042730008

Tax Period

2020-07-01 to 2021-06-30

MICHAEL LATE BENEDUM CHAPTER OF THE AMERICAN ASSOCIATION OF LANDMEN, founded in 1959, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 26% operating margin.

Mission

THE MICHAEL LATE BENEDUM CHAPTER IS A LOCAL ASSOCIATION OF THE AMERICAN ASSOCIATION OF PROFESSIONAL LANDMEN (AAPL) COMPRISED OF LAND PROFESSIONALS ENGAGED IN THE OIL, GAS, AND MINERAL INDUSTRIES. THE MICHAEL LATE BENEDUM CHAPTER OF THE AAPL IS DEDICATED TO SERVING ITS MEMBERS IN THE LAND PROFESSION, STUDENTS FROM OUR AAPL ACCREDITED LAND MANAGEMENT PROGRAMS, AS WELL AS OUR COMMUNITY AS A WHOLE THROUGH REGULAR CHARITY EVENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $44,961

Investment Income $1,662

Other Revenue $0

TOTAL REVENUE $61,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,991

Other Expenses $45,640

TOTAL EXPENSES $45,640

Year-over-Year Comparison

	2020	2019	Change
Revenue	$61,623	$168,770	-0.6%
Expenses	$45,640	$239,283	-0.8%
Net Income	$15,983	$-70,513	-1.2%

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
STACY TICHY	DIRECTOR	1.00	Director	$0	$0	$0
BEN MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL COOPER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GREINER	PRESIDENT	1.00	Officer	$0	$0	$0
ANTHONY ROMEO	PRESIDENT EMERITUS	1.00	Officer	$0	$0	$0
JUSTIN NIXON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LHAG BOWERS	SECRETARY	1.00	Officer	$0	$0	$0
JOHN CATSONIS	TREASURER	1.00	Officer	$0	$0	$0
KEVIN PIERSON	SERGEANT AT ARMS	1.00	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
2021	$61,623	$45,640	$236,523	$15,983
2020	$168,770	$239,283	$168,976	$-70,513
2019	$374,986	$349,087	$239,489	$25,899
2018	$255,172	$351,646	$167,875	$-96,474

MICHAEL LATE BENEDUM CHAPTER OF THE AMERICAN ASSOCIATION OF LANDMEN