INDEPENDENT PETROLEUM 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

1929

Legal Domicile

Principal Officer

C JEFFREY ESHELMAN II

Phone

2028574722

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT PETROLEUM ASSOCIATION, founded in 1929, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $4.6M left a modest 7% surplus.

Mission

IPAA IS A NATIONAL TRADE ASSOCIATION, HEADQUARTERED IN WASHINGTON, D.C., THAT REPRESENTS THOUSANDS OF INDEPENDENT OIL AND NATURAL GAS PRODUCERS AND SERVICE COMPANIES ACROSS THE UNITED STATES. IT SERVES AS AN INFORMED VOICE FOR THE EXPLORATION AND PRODUCTION SEGMENT OF THE INDUSTRY AND ADVOCATES ITS MEMBERS' VIEWS BEFORE THE UNITED STATES CONGRESS, THE WHITE HOUSE, AND FEDERAL AGENCIES. IPAA PROVIDES ECONOMIC AND STATISTICAL INFORMATION ABOUT THE U.S. EXPLORATION AND PRODUCTION INDUSTRY. IPAA DEVELOPS NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

GOVERNMENT RELATIONS: ACTIVELY WORKED TOWARD INFLUENCING VARIOUS LEGISLATION PERTAINING TO THE OIL AND GAS INDUSTRY THROUGH LOBBYING.

Program 2

MEETINGS: PLANNED AND CONDUCTED COMMITTEE MEETINGS, REGIONAL SEMINARS, ISSUES FORUMS, AND NATIONAL CONFERENCES WHICH DISSEMINATED INFORMATION REGARDING INDUSTRY ISSUES.

Program 3

COMMUNICATIONS/ENERGY IN DEPTH: DISSEMINATED INFORMATION, CONDUCTED PRESS RELEASES AND PREPARED NEWSLETTERS REGARDING INFORMATION PERTAINING TO IPAA AS A WHOLE IN ADDITION TO INDIVIDUAL PROGRAMS. THE LARGEST PROGRAM, ENERGY IN DEPTH, IS A RESEARCH, EDUCATION AND PUBLIC OUTREACH CAMPAIGN FOCUSED ON GETTING THE FACTS OUT ABOUT THE PROMISE AND POTENTIAL OF RESPONSIBLY DEVELOPING AMERICA'S ONSHORE ENERGY RESOURCE BASE- ESPECIALLY ABUNDANT SOURCES OF OIL AND NATURAL GAS FROM SHALE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,847,734

Program Service Revenue $1,914,816

Investment Income $148,770

Other Revenue $-28,363

TOTAL REVENUE $4,882,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,396,437

Fundraising Expenses $0

Other Expenses $2,158,508

TOTAL EXPENSES $4,554,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,882,957	$5,443,784	-0.1%
Expenses	$4,554,945	$4,930,055	-0.1%
Net Income	$328,012	$513,729	-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

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

$1,249,193

Total Directors

Key Employees

$233,373

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C JEFFREY ESHELMAN II	PRESIDENT &	40.00	Officer	$420,500	$35,263	$455,763
DANIEL NAATZ	COO, SECRETA	40.00	Officer	$386,300	$39,296	$425,596
IDA POST	CFO	40.00	Officer	$305,400	$62,434	$367,834
RYAN ULLMAN	VP OF GOVT.	40.00	Highest	$199,467	$44,863	$244,330
DAVID LUNGREN	VP ADMIN/MEM	40.00	Key Emp	$187,633	$45,740	$233,373
MALLORI MILLER	VP OF GOVT.	40.00	Highest	$186,967	$21,447	$208,414
JENNIFER MARSTELLER	DIRECTOR COM	40.00	Highest	$139,467	$29,490	$168,957
NANCY STOCKNER	SR. DIR OF M	40.00	Highest	$108,581	$3,381	$111,962
BRENT ALLEN	REGIONAL DIR	1.00	Director	$0	$0	$0
K JOAQUIN ANDERSON	COMMITTEE CH	1.00	Director	$0	$0	$0
ROBERT ANDERSON	AT LARGE DIR	1.00	Director	$0	$0	$0
JAMES ASLANIDES	REGIONAL DIR	1.00	Director	$0	$0	$0
CHRIS ATHERTON	COMMITTEE CH	1.00	Director	$0	$0	$0
RAUL BRITO	REGIONAL DIR	1.00	Director	$0	$0	$0
W MARC DINGLER	AT LARGE DIR	5.00	Director	$0	$0	$0
STACEE DOVER	REGIONAL DIR	1.00	Director	$0	$0	$0
KATE FARR	COMMITTEE CH	1.00	Director	$0	$0	$0
BRUCE FAULKNER	REGIONAL DIR	1.00	Director	$0	$0	$0
ALLAN FRIZZELL	REGIONAL DIR	1.00	Director	$0	$0	$0
BOB FRYKLUND	COMMITTEE CH	1.00	Director	$0	$0	$0
JUSTIN FURNACE	AT LARGE DIR	1.00	Director	$0	$0	$0
HAROLD HAMM	AT LARGE DIR	1.00	Director	$0	$0	$0
JONNY HEINS	AT LARGE DIR	1.00	Director	$0	$0	$0
MICHAEL HILLEBRAND	REGIONAL DIR	5.00	Director	$0	$0	$0
VICKI HOLLUB	AT LARGE DIR	1.00	Director	$0	$0	$0
JORDAN HOROSCHAK	REGIONAL DIR	1.00	Director	$0	$0	$0
J ROY DEE III	REGIONAL DIR	1.00	Director	$0	$0	$0
D IRWIN MACKENROTH JR	REGIONAL DIR	1.00	Director	$0	$0	$0
MARK BURROUGHS JR	REGIONAL DIR	1.00	Director	$0	$0	$0
GRETCHEN KERN	COMMITTEE CH	1.00	Director	$0	$0	$0
KURT KRIEGER	COMMITTEE CH	1.00	Director	$0	$0	$0
STEPHEN LAYTON	REGIONAL DIR	1.00	Director	$0	$0	$0
DOUGLAS MALCOLM	REGIONAL DIR	1.00	Director	$0	$0	$0
JEFFREY W MILLER	REGIONAL DIR	1.00	Director	$0	$0	$0
KELLY MILLER	REGIONAL DIR	5.00	Director	$0	$0	$0
RON NEAL	COMMITTEE CH	5.00	Director	$0	$0	$0
CATHERINE NOBLES	REGIONAL DIR	1.00	Director	$0	$0	$0
SEAN O'NEILL	REGIONAL DIR	1.00	Director	$0	$0	$0
SCOTT ROY	AT LARGE DIR	1.00	Director	$0	$0	$0
W MICHAEL SCOTT	AT LARGE DIR	1.00	Director	$0	$0	$0
JEFF SPARKS	REGIONAL DIR	1.00	Director	$0	$0	$0
LAWRENCE SVENDSON	REGIONAL DIR	1.00	Director	$0	$0	$0
BARBARA TRUE	REGIONAL DIR	1.00	Director	$0	$0	$0
ANDREW VECERA	COMMITTEE CH	1.00	Director	$0	$0	$0
CYE WAGNER	AT LARGE DIR	1.00	Director	$0	$0	$0
JUD WALKER	AT LARGE DIR	1.00	Director	$0	$0	$0
RYAN WATTS	REGIONAL DIR	1.00	Director	$0	$0	$0
MATT WHITE	REGIONAL DIR	1.00	Director	$0	$0	$0
JIM WILKES	PAST CHAIR	5.00	Director	$0	$0	$0
BETTY YOUNG	REGIONAL DIR	1.00	Director	$0	$0	$0
ROCK ZIERMAN	REGIONAL DIR	1.00	Director	$0	$0	$0
JUSTIN COPE	VICE CHAIRMA	5.00	Officer	$0	$0	$0
W BYRON DUNN	TREASURER	5.00	Officer	$0	$0	$0
STEVEN H PRUETT	CHAIRMAN	5.00	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
2024	$4,882,957	$4,554,945	$5,000,923	$328,012
2023	$5,443,784	$4,930,055	$4,677,039	$513,729
2022	$4,673,733	$5,623,640	$4,079,891	$-949,907
2021	$4,458,698	$5,584,599	$5,148,051	$-1,125,901
2020	$5,319,419	$7,360,406	$5,935,655	$-2,040,987
2019	$8,683,956	$9,945,336	$9,814,506	$-1,261,380
2018	$9,774,297	$10,335,908	$10,271,339	$-561,611