AMERICAN ASSOCIATION OF PETROLEUM … - 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

1986

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $329,745

THE L. AUSTIN WEEKS MEMORIAL FUND IS UTILIZED TO SUPPORT PROGRAMS AND PROJECTS AS DETERMINED BY THE FOUNDATION TRUSTEES WHICH ADVANCE THE SCIENCE OF PETROLEUM GEOLOGY. DURING THE YEAR, THIS FUND...

THE L. AUSTIN WEEKS MEMORIAL FUND IS UTILIZED TO SUPPORT PROGRAMS AND PROJECTS AS DETERMINED BY THE FOUNDATION TRUSTEES WHICH ADVANCE THE SCIENCE OF PETROLEUM GEOLOGY. DURING THE YEAR, THIS FUND SUPPORTS THE GEOLEGENDS VIDEO PROJECT, GEOSCIENTISTS WITHOUT BORDERS, SUPPLEMENTAL GRANT TO DISTINGUISHED LECTURER ACTIVITIES, PIONEERING WOMEN GEOSCIENTIST PROJECT, AS WELL AS GEOFORCE AND A DIGITAL IMMERSIVE GEOLOGY PROJECT.

Program 2

Expenses: $263,976

THE STUDENT SCHOLARSHIP PROGRAM INCLUDES GRANTS-IN-AID PROVIDING FINANCIAL ASSISTANCE TO GRADUATE STUDENTS (CURRENTLY ENROLLED IN MASTERS OR PH.D. PROGRAMS) WHOSE THESIS RESEARCH HAS APPLICATION TO THE SEARCH FOR AND DEVELOPMENT OF PETROLEUM AND ENERGY-MINERAL RESOURCES AND/OR RELATED TO ENVIRONMENTAL GEOLOGY ISSUES. ADDITIONALLY, THE STUDENT SCHOLARSHIP PROGRAM SUPPORTS EDUCATIONAL EXPENSES OF UNDERGRADUATE GEOSCIENCE STUDENTS AND THE DEPARTMENTS OF THEIR SCHOOL OR UNIVERSITY THROUGH THE L. AUSTIN WEEKS UNDERGRADUATE PROGRAM.

Program 3

Expenses: $149,345

THE BULLETIN IS THE FLAGSHIP TECHNICAL JOURNAL OF THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS. AAPG FOUNDATION PROVIDES FUNDING TO HELP SUPPORT PUBLISHING THE MONTHLY ISSUES OF THE BULLETIN.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

$345,778

Total Directors

Key Employees

Highest Compensated

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

AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION