PETROLEUM EQUIPMENT & SERVICES ASS… - 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

1933

Legal Domicile

Principal Officer

TIMOTHY TARPLEY

Phone

7139320168

Tax Period

2023-01-01 to 2023-12-31

PETROLEUM EQUIPMENT & SERVICES ASSOCIATION, founded in 1933, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

WE ARE TRANSFORMING ENERGY BY GIVING OUR MEMBERS THE TOOLS, INFORMATION AND REPRESENTATION THEY NEED TO BOLDLY ENABLE A LOW-CARBON FUTURE SAFELY, PROFITABLY AND SUSTAINABLY. WE CONNECT, EDUCATE, SUPPORT AND ADVOCATE FOR ENERGY COMPANIES AND WORKERS OF TODAY AND TOMORROW. OUR FORESIGHT AND EXPERTISE ELEVATE OUR INDUSTRY WITH GOVERNMENTS, INDUSTRY PARTNERS AND COMMUNITIES AROUND THE GLOBE. AND WE FOSTER INNOVATIONS THAT WILL SHAPE OUR INDUSTRY AND IMPROVE OUR CHANGING WORLD.

Program Service Accomplishments

Program 1

ANNUAL AND OTHER MEETINGS - THESE PROGRAMS ALLOW MEMBERS TO DISCUSS WITH ONE ANOTHER THE STATE OF THE PETROLEUM INDUSTRY AND ISSUES FACING IT.

Program 2

EMERGING LEADERS - THIS PROGRAM TRAINS AND DEVELOPS MIDDLE MANAGERS SO THAT THEY CAN MOVE INTO THE SENIOR EXECUTIVE POSITIONS.

Program 3

HUMAN RESOURCES OPERATIONS - THIS PROGRAM PROVIDES ONE-ON-ONE EXECUTIVE COACHING DESIGNED TO TRANSFORM MANAGERS FROM INDIVIDUAL CONTRIBUTORS INTO EFFECTIVE LEADERS.

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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 $60,181

Program Service Revenue $4,067,383

Investment Income $66,266

Other Revenue $148,526

TOTAL REVENUE $4,342,356

Expense Breakdown

Grants Paid $52,760

Salaries & Benefits $2,590,299

Fundraising Expenses $0

Other Expenses $2,117,281

TOTAL EXPENSES $4,760,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,342,356	$3,785,620	+0.1%
Expenses	$4,760,340	$4,702,391	+0.0%
Net Income	$-417,984	$-916,771	-0.5%

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

$1,633,781

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL HINDES	CO-CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN GROODY	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT LIVINGSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHUCK CHAUVIERE	FINANCE CHAIR	0.50	Director	$0	$0	$0
STEVEN ANDERSON	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
LYNDAL CISSELL	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
MARSHALL DODSON	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
TODD ENNENGA	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
RON GUSEK	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
SAM SLEDGE	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
KYLE RAMACHANDRAN	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
JOHN SHANAHAN	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
GABRIEL RIO	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
MICHAEL REEVES	IMMEDIATE PAST CHAIR	0.50	Director	$0	$0	$0
JACK RENSHAW	IMMEDIATE PAST CHAIR	0.50	Director	$0	$0	$0
MATT ARMSTRONG	BOARD COUNSEL	0.50	Director	$0	$0	$0
LESLIE BEYER	CEO (OUTGOING)/SENIOR ADVISOR	40.00	Officer	$689,615	$50,717	$740,332
JUANITA RAINS	VP FINANCE	40.00	Officer	$162,004	$27,162	$189,166
TIMOTHY TARPLEY	SVP GOVERNMENT AFFAIRS/CO-PRESIDENT	40.00	Officer	$303,093	$68,629	$371,722
MOLLY DETERMAN	COO/CO-PRESIDENT	40.00	Officer	$276,746	$55,815	$332,561
CORRY SCHIERMEYER	COMMUNICATIONS DIRECTOR	40.00	Highest	$129,545	$13,880	$143,425
PEGGY HELFERT	VP PROGRAMS & EVENTS	40.00	Highest	$127,762	$8,943	$136,705
DEIDRE KOHLRUS	DIRECTOR GOVERNMENT AFFAIRS	40.00	Highest	$110,281	$43,571	$153,852
VERONICA ASHLEY	DIRECTOR OPERATIONS	40.00	Highest	$102,009	$7,141	$109,150

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	$4,342,356	$4,760,340	$2,448,742	$-417,984
2022	$3,785,620	$4,702,391	$2,729,778	$-916,771
2021	$3,793,053	$4,332,693	$3,582,398	$-539,640
2020	$2,777,389	$3,089,105	$4,112,775	$-311,716
2019	$3,710,351	$4,271,627	$4,062,555	$-561,276
2018	$3,380,790	$3,476,616	$4,189,345	$-95,826

PETROLEUM EQUIPMENT & SERVICES ASSOCIATION