AM ASSOC OF DRILLING MID CONT CHAP… - 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

2004

Legal Domicile

Tax Period

2023-11-01 to 2024-10-31

AM ASSOC OF DRILLING MID CONT CHAPTER, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $164K, a strong 81% operating margin.

Mission

To provide the forum for the dissemination of practical drilling technology to those employed or interested in the drilling industry.

Program Service Accomplishments

Program 1

Expenses: $37,054

Meetings to discuss driling technology, activities for students studying engineering and an annual symposium

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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 $2,400

Program Service Revenue $31,261

Investment Income $120,437

Other Revenue $49,160

TOTAL REVENUE $203,258

Expense Breakdown

Grants Paid $29,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,054

Other Expenses $9,504

TOTAL EXPENSES $39,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,258	$341,593	-0.4%
Expenses	$39,004	$72,113	-0.5%
Net Income	$164,254	$269,480	-0.4%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cody Godsell	President	001.00	Officer	$0	$0	$0
Scott Witt	Vice President	001.00	Officer	$0	$0	$0
Jared Bouzak	Vice President	001.00	Officer	$0	$0	$0
Jeremy Whalen	Treasurer	001.00	Officer	$0	$0	$0
Caleb Padilla	Secretary	001.00	Officer	$0	$0	$0
Geree Wald Morton	OKC Natl Chapter Rep	001.00	Officer	$0	$0	$0

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	$203,258	$39,004	$2,154,665	$164,254
2023	$341,593	$72,113	$1,713,446	$269,480
2022	$88,704	$49,252	$1,443,966	$39,452
2021	$179,756	$45,852	$1,404,514	$133,904
2020	$33,418	$90,088	$1,270,610	$-56,670
2019	$297,729	$145,437	$1,327,280	$152,292
2018	$266,630	$147,168	$1,174,988	$119,462

AM ASSOC OF DRILLING MID CONT CHAPTER