SOCIETY OF PETROLEUM EVALUATION ENGINEERS

EIN: 741486843

HOUSTON, TX

Total Revenue
$385,354
Total Expenses
$356,342
Total Assets
$653,600
Net Assets
$653,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
TX
Phone
8329727733
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF PETROLEUM EVALUATION ENGINEERS, founded in 1962, is a small nonprofit that reported $385K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $356K left a modest 8% surplus.

Mission

FOR EDUCATIONAL PURPOSES TO PROMOTE THE PROFESSION OF PETROLEUM EVALUATION ENGINEERING; TO FOSTER THE SPIRIT OF SCIENTIFIC RESEARCH AMONG ITS MEMBERS; AND TO DISSEMINATE FACTS PERTAINING TO PETROLEUM EVALUATION ENGINEERING AMONG ITS MEMBERS AND THE PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $196,299 Revenue: $227,728

Annual two day convention is attended by approximately 100 members.

Program 2
Revenue: $39,330

Various publications are published to educate and inform the members of professional developments of the oil & gas industry.

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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 $0
Program Service Revenue $313,143
Investment Income $14,239
Other Revenue $57,972
TOTAL REVENUE $385,354

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $196,299
Other Expenses $351,342
TOTAL EXPENSES $356,342

Year-over-Year Comparison

2023 2022 Change
Revenue $385,354 $349,566 +0.1%
Expenses $356,342 $362,722 0.0%
Net Income $29,012 $-13,156 -3.2%
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

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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
13
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGG BIRRELL Director (2023) 0.00
Director
$0 $0 $0
DEAN SERGENT Vice President 0.00
Director
$0 $0 $0
TAD FIELDER Secretary/Treas 0.00
Director
$0 $0 $0
STEVEN GOLKO Director (2023) 0.00
Director
$0 $0 $0
ZACK WARREN Director (2023) 0.00
Director
$0 $0 $0
STEPHEN E GARDNER Director (2023) 0.00
Director
$0 $0 $0
LARRY PETROPOULOS Director (2023) 0.00
Director
$0 $0 $0
MARTIN HUBBIG Director (2023) 0.00
Director
$0 $0 $0
LUCAS SMITH Director (2023) 0.00
Director
$0 $0 $0
ANTONY CORRIE-KEILIG Director (2023) 0.00
Director
$0 $0 $0
ATTILA SZABO President 0.00
Officer
$0 $0 $0
FEDERICO DORDONI Director (2023) 0.00
Officer
$0 $0 $0
JOE YOUNG Past President 0.00
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 No data No data No data No data
2023 $385,354 $356,342 $653,600 $29,012
2022 $349,566 $362,722 $624,588 $-13,156
2021 $134,009 $187,612 $637,744 $-53,603
2020 $155,772 $170,147 $691,347 $-14,375
2019 $430,547 $419,381 $705,722 $11,166
2018 $626,002 $512,984 $694,556 $113,018
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