INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC (EIN 721243629) - 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

1993

Legal Domicile

Principal Officer

Virgil Allen

Phone

9853843744

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $650K represent 34 months of operating reserves.

Mission

The museum gathers, saves, preserves, and interprets artifacts and information about the offshore oil and gas industries and educates the public concerning the history, culture, and working conditions of these industries and on the impact and significance of these industries upon the rest of the world.

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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 $163,848

Program Service Revenue $21,583

Investment Income $40,915

Other Revenue $7

TOTAL REVENUE $226,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,801

Fundraising Expenses $3,728

Program Expenses $177,425

Other Expenses $149,258

TOTAL EXPENSES $224,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,353	$288,964	-0.2%
Expenses	$224,059	$175,377	+0.3%
Net Income	$2,294	$113,587	-1.0%

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

$64,200

Total Directors

$64,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Virgil Allen	President/Director	50	Officer Director	$45,000	$0	$45,000
Katherine V Allen	Secretary-Treasurer/Director	20	Officer Director	$19,200	$0	$19,200
Bryce Merrill	Vice-President/Director	10	Officer 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	$226,353	$224,059	$923,287	$2,294
2022	$288,964	$175,377	$1,021,960	$113,587
2021	$136,722	$142,609	$895,639	$-5,887
2020	$74,240	$107,744	$857,705	$-33,504

INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC