ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING (EIN 741622293) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

MARGARET HAGERTY DUFFY

Phone

4693596000

Tax Period

2023-01-01 to 2023-12-31

ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PROMOTE, FOSTER, AND ADVANCE THE DRILLED SHAFT, ANCHORED EARTH, AND MISCROPILE INDUSTRIES.

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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 $0

Program Service Revenue $1,954,269

Investment Income $38,027

Other Revenue $25,082

TOTAL REVENUE $2,017,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $786,859

Fundraising Expenses $0

Other Expenses $1,222,255

TOTAL EXPENSES $2,009,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,017,378	$2,338,961	-0.1%
Expenses	$2,009,114	$2,137,802	-0.1%
Net Income	$8,264	$201,159	-1.0%

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

420

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

$243,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HARRIS	PRESIDENT	8.00	Officer Director	$0	$0	$0
DAVE HICKS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TRAVIS PARKER	TREASURER	4.00	Officer Director	$0	$0	$0
CHARLES BRAUN	ASSOC CHAIR	4.00	Officer Director	$0	$0	$0
MAURO SCANGA	IMM PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
ALISSA MAXWELL WEISS	DIRECTOR	2.00	Director	$0	$0	$0
STEVE JONES	DIRECTOR	2.00	Director	$0	$0	$0
BO WALKER	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SEGAR	DIRECTOR	2.00	Director	$0	$0	$0
SUE FRANK	DIRECTOR	2.00	Director	$0	$0	$0
BRETT RAYBURN	DIRECTOR	2.00	Director	$0	$0	$0
JOSH TRAUGER	DIRECTOR	2.00	Director	$0	$0	$0
GENE SHEEDY	DIRECTOR	2.00	Director	$0	$0	$0
RAY FASSETT	DIRECTOR	2.00	Director	$0	$0	$0
WILL GEHRKE	DIRECTOR	2.00	Director	$0	$0	$0
RICK KALSON	DIRECTOR	2.00	Director	$0	$0	$0
ROGER KAMINSKY	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY HAGERTY DUFFY	EXECUTIVE DIRECTOR	40.00	Officer	$240,000	$3,000	$243,000
ANGELA ELMENDORF	DIRECTOR OF MARKETING	40.00	Highest	$125,000	$2,850	$127,850

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	$2,017,378	$2,009,114	$1,749,503	$8,264
2022	$2,338,961	$2,137,802	$1,883,550	$201,159
2021	$2,212,064	$2,014,785	$1,618,787	$197,279
2020	$1,950,244	$2,114,279	$1,436,238	$-164,035
2019	$2,373,325	$2,615,693	$1,864,621	$-242,368

ADSC THE INTERNATIONAL ASSOCIATION OF FOUNDATION DRILLING