PETROLEUM EQUIPMENT INSTITUTE

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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

2022-04-01 to 2023-03-31

PETROLEUM EQUIPMENT INSTITUTE, founded in 1951, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2022.

Mission

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

Program Service Accomplishments

Program 1

THE INSTITUTE SUCCESSFULLY HELD ITS ANNUAL CONVENTION IN CONJUNCTION WITH THE NATIONAL ASSOCIATION OF CONVENIENCE STORES. THE PURPOSE OF THE CONVENTION IS TO FACILITATE INFORMATION SHARING AND...

THE INSTITUTE SUCCESSFULLY HELD ITS ANNUAL CONVENTION IN CONJUNCTION WITH THE NATIONAL ASSOCIATION OF CONVENIENCE STORES. THE PURPOSE OF THE CONVENTION IS TO FACILITATE INFORMATION SHARING AND LEARNING RELATED TO THE LATEST ADVANCEMENTS IN PETROLEUM HANDLING EQUIPMENT AND GOOD BUSINESS PRACTICES. THE CONVENTION PROVIDES EXPOSURE TO VENDORS AND INSTITUTE MEMBERS.

Program 2

THE INSTITUTE PUBLISHES A DIRECTORY OF MEMBERS AND A MAGAZINE TO FACILITATE COMMUNICATION AND PROMOTE COMMERCE. THE INSTITUTE PUBLISHES "RECOMMENDED PRACTICE" MANUALS TO PROMOTE SAFETY AND GOOD...

THE INSTITUTE PUBLISHES A DIRECTORY OF MEMBERS AND A MAGAZINE TO FACILITATE COMMUNICATION AND PROMOTE COMMERCE. THE INSTITUTE PUBLISHES "RECOMMENDED PRACTICE" MANUALS TO PROMOTE SAFETY AND GOOD BUSINESS PRACTICES.

Program 3

ALL OTHER TRAINING, SUPPORT AND ORGANIZING ACTIVITIES PERFORMED BY THE INSTITUTE ON BEHALF OF THEIR MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,778,583

Investment Income $11,644

Other Revenue $33,226

TOTAL REVENUE $3,823,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,731,296

Fundraising Expenses $0

Other Expenses $2,405,443

TOTAL EXPENSES $4,136,739

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,823,453	$3,682,039	+0.0%
Expenses	$4,136,739	$3,804,788	+0.1%
Net Income	$-313,286	$-122,749	+1.6%

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

$256,970

Total Directors

Key Employees

$372,268

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	$256,970	$0	$256,970
MELINDA WHITNEY	DIRECTOR OF OPERATIONS	40.00	Key Emp	$193,398	$0	$193,398
SCOTT BOORSE	DIRECTOR OF TECHNICAL PROGRAMS	40.00	Key Emp	$178,870	$0	$178,870
THOMAS LEIBRANDT	DIRECTOR OF MEDIA & MEMBER RELATIONS	40.00	Highest	$143,367	$0	$143,367
SARAH J WEST	DIRECTOR OF CONFERENCES & INDUSTRY CONTENT	40.00	Highest	$109,900	$0	$109,900
JULIE SHANK	DIRECTOR OF MEMBER EVENTS & SPECIAL PROJECTS	40.00	Highest	$110,388	$0	$110,388
LILIANA CRUZ	SENIOR DIRECTOR OF LATIN AMERICA	40.00	Highest	$100,625	$0	$100,625

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