AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION

EIN: 731298684 501(c)(3) Science & Technology

TULSA, OK

Total Revenue
$7,496,797
Total Expenses
$2,569,316
Total Assets
$71,039,141
Net Assets
$70,587,854
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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
1986
Legal Domicile
OK
Principal Officer
JAMES MCGHAY
Phone
9185842555
Tax Period
2023-07-01 to 2024-06-30

AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION, founded in 1986, is a community nonprofit in the Science & Technology sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 66% operating margin.

Mission

THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE IN THE FIELD OF GEOLOGY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,096,168
Program Service Revenue $0
Investment Income $3,358,874
Other Revenue $41,755
TOTAL REVENUE $7,496,797

Expense Breakdown

Grants Paid $1,139,777
Salaries & Benefits $0
Fundraising Expenses $154,784
Program Expenses $1,468,284
Other Expenses $1,429,539
TOTAL EXPENSES $2,569,316

Year-over-Year Comparison

2023 2022 Change
Revenue $7,496,797 $4,467,614 +0.7%
Expenses $2,569,316 $2,248,063 +0.1%
Net Income $4,927,481 $2,219,551 +1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
39

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
$345,778
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MCGHAY CHAIRMAN 1.00
Director
$0 $0 $0
SCOTT CAMERON VICE-CHAIRMAN 1.00
Director
$0 $0 $0
VALARY SCHULZ TREASURER 1.00
Director
$0 $0 $0
MICHAEL WISDA SECRETARY 1.00
Director
$0 $0 $0
J MICHAEL PARTY TUSTEE 1.00
Director
$0 $0 $0
JEFFREY LUND TRUSTEE 1.00
Director
$0 $0 $0
ALAN WEGENER DIRECTOR 1.00
Director
$0 $0 $0
SUSAN NASH DIRECTOR 1.00
Director
$0 $0 $0
DAVID CURTISS EXECUTIVE DIRECTOR 8.00
Officer
$0 $52,400 $345,778
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
2025 No data No data No data No data
2024 $7,496,797 $2,569,316 $71,039,141 $4,927,481
2023 $4,467,614 $2,248,063 $62,354,420 $2,219,551
2022 $5,505,100 $2,285,065 $58,608,489 $3,220,035
2021 $7,099,312 $1,675,226 $66,822,034 $5,424,086
2020 $2,910,036 $1,620,523 $53,009,390 $1,289,513
2019 $4,016,689 $2,109,355 $52,625,666 $1,907,334
2018 $9,309,852 $1,926,555 $51,675,693 $7,383,297
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