PETROLEUM EQUIPMENT INSTITUTE (EIN 730593344) - 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

1951

Legal Domicile

Principal Officer

JASON BLAKE

Phone

9184949696

Tax Period

2023-04-01 to 2023-12-31

PETROLEUM EQUIPMENT INSTITUTE, founded in 1951, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $3.4M left a modest 4% surplus.

Mission

TO BE THE LEADING AUTHORITY AND SOURCE OF INFORMATION FOR THE PETROLEUM HANDLING EQUIPMENT INDUSTRY.

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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 $0

Program Service Revenue $3,282,244

Investment Income $185,063

Other Revenue $22,475

TOTAL REVENUE $3,489,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,412,521

Fundraising Expenses $0

Other Expenses $1,939,145

TOTAL EXPENSES $3,351,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,489,782	$3,823,453	-0.1%
Expenses	$3,351,666	$4,136,739	-0.2%
Net Income	$138,116	$-313,286	-1.4%

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

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

$266,221

Total Directors

Key Employees

$375,264

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KELLER	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES ETHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SARA HITCHCOCK BECK	VICE PRESIDENT OF FINANCE	1.00	Officer Director	$0	$0	$0
RON SLEDD	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
BRENT RUGA - DISTRICT 1	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY BAYLISS - DISTRICT 2	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FORCE - DISTRICT 3	DIRECTOR	1.00	Director	$0	$0	$0
KAILEIGH STRIZZI - DISTRICT 4	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MAPLES - DISTRICT 5	DIRECTOR	1.00	Director	$0	$0	$0
NATE MEYER - DISTRICT 6	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG HOYER - DISTRICT 7	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DERGE - DISTRICT 8	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER FASSE - DISTRICT 9	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DAVIS - DISTRICT 10	DIRECTOR	1.00	Director	$0	$0	$0
TONY WHITE - DISTRICT 11	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LATTNER - DISTRICT 12	DIRECTOR	1.00	Director	$0	$0	$0
LISA BLASSINGAME - DISTRICT 13	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCDERMOTT - AFF DIVISION	DIRECTOR	1.00	Director	$0	$0	$0
JASON BLAKE	PRESIDENT	40.00	Officer	$266,221	$0	$266,221
MELINDA WHITNEY	VP OF OPERATIONS	40.00	Key Emp	$197,916	$0	$197,916
SCOTT BOORSE	DIRECTOR OF TECHNICAL PROG	40.00	Key Emp	$177,348	$0	$177,348
THOMAS LEIBRANDT	DIRECTOR OF MEDIA & MEMBER	40.00	Highest	$148,786	$0	$148,786
SARAH J WEST	DIRECTOR OF CONFERENCES &	40.00	Highest	$112,262	$0	$112,262
JULIE SHANK	DIRECTOR OF MEMBER EVENTS	40.00	Highest	$114,558	$0	$114,558
LILIANA CRUZ	SENIOR DIRECTOR OF LATIN AMER	40.00	Highest	$111,015	$0	$111,015
TIM DAVIDSON	MEMBERSHIP SALES MANAGER	40.00	Highest	$102,666	$0	$102,666

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	$3,823,453	$4,136,739	$8,633,155	$-313,286
2023	$3,489,782	$3,351,666	$9,485,525	$138,116
2022	$3,682,039	$3,804,788	$10,127,893	$-122,749
2021	$3,075,628	$3,261,617	$10,135,505	$-185,989
2020	$3,811,234	$3,881,125	$8,669,202	$-69,891
2019	$3,454,645	$3,852,158	$9,038,525	$-397,513
2018	$3,703,443	$4,076,255	$9,242,310	$-372,812

PETROLEUM EQUIPMENT INSTITUTE