SOCIETY OF EXPLORATION GEOPHYSICIS… - Form 990 Financial Data

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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

1930

Legal Domicile

Principal Officer

JAMES WHITE

Phone

9184975500

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF EXPLORATION GEOPHYSICISTS, founded in 1930, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE SCIENCE OF APPLIED GEOPHYSICS AND RELATED FIELDS, INCLUDING APPLICATIONS AND RESEARCH, TO FOSTER THE COMMON SCIENTIFIC INTERESTS OF GEOPHYSICISTS, AND TO MAINTAIN A HIGH PROFESSIONAL STANDING AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1

CONFERENCE AND MEETINGS - REGIONAL, INTERNATIONAL, AND RESEARCH WORKSHOPS - TO PROMOTE THE SCIENCE OF GEOPHYSICS AND FOSTER COMMON SCIENTIFIC INTERESTS.

Program 2

PUBLICATIONS PROVIDING INFORMATION ON GEOPHYSICS EXPLORATION RESEARCH AND CURRENT DEVELOPMENTS

Program 3

CONTINUING EDUCATION - TO PROMOTE THE SCIENCE OF GEOPHYSICS THROUGH GENERAL AND TECHNICAL TRAINING

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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 $2,001,465

Program Service Revenue $5,364,311

Investment Income $281,577

Other Revenue $2,490,053

TOTAL REVENUE $10,137,406

Expense Breakdown

Grants Paid $795,904

Salaries & Benefits $4,916,613

Fundraising Expenses $0

Other Expenses $4,437,832

TOTAL EXPENSES $10,150,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,137,406	$9,879,497	+0.0%
Expenses	$10,150,349	$11,406,168	-0.1%
Net Income	$-12,943	$-1,526,671	-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

1200

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

$580,636

Total Directors

Key Employees

$572,014

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH REILLY	FORMER FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY SHRAGGE	FORMER VICE PRESIDENT, PUBLICATIONS	5.00	Officer Director	$0	$0	$0
ANNA SHAUGHNESSY	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
SHERIF HANAFY	FORMER DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
BRANDY HAWKINS	FORMER DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
ARTHUR CHENG	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN EASTWOOD	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
MAURICIO SACCHI	FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARIANNE RAUCH	SECOND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KYLE SPIKES	VICE PRESIDENT, PUBLICATIONS	5.00	Officer Director	$0	$0	$0
MICHAEL MELLEN	TREASURER	5.00	Officer Director	$0	$0	$0
KEN TUBMAN	PAST PRESIDENT	5.00	Director	$0	$0	$0
OLGA NEDORUB	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
ANA CURCIO	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
CATHERINE TRUFFERT	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
SERGIO CHAVEZ-PEREZ	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
LILLIAN FLAKES	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
CONSTANTINE TSINGAS	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
ALLEN BERTAGNE	COUNCIL CHAIR	5.00	Director	$0	$0	$0
JIM WHITE	SECRETARY	37.00	Officer	$301,028	$23,143	$324,171
CARLOS DE LA GARZA	CFO	37.00	Officer	$242,954	$13,511	$256,465
SCOTT SUTHERLAND	DIRECTOR, BUSINESS & GEOSCIENCE TECHNOLOGY	37.00	Key Emp	$160,690	$19,584	$180,274
ANNABELLA BETANCOURT	MANAGING DIRECTOR OF PROGRRAMS	38.00	Key Emp	$160,900	$5,354	$166,254
WILLIAM AGNEW	AED, GLOBAL DEVELOPMENT	30.00	Key Emp	$200,998	$24,488	$225,486

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	$10,137,406	$10,150,349	$21,571,714	$-12,943
2022	$9,879,497	$11,406,168	$19,147,160	$-1,526,671
2021	$8,901,872	$9,581,459	$25,966,350	$-679,587
2020	$8,141,492	$10,562,197	$25,219,439	$-2,420,705
2019	$15,740,796	$15,229,984	$19,805,941	$510,812
2018	$15,638,142	$13,828,402	$18,110,600	$1,809,740

SOCIETY OF EXPLORATION GEOPHYSICISTS