INTERVENTION & COILED TUBING ASSOCIATION

EIN: 742921985

MONTGOMERY, TX

Total Revenue
$228,781
Total Expenses
$228,660
Total Assets
$460,299
Net Assets
$460,299
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
MATT BILLINGHAM
Tax Period
2019-01-01 to 2019-12-31

INTERVENTION & COILED TUBING ASSOCIATION, founded in 1999, is a small nonprofit that reported $229K in total revenue in fiscal year 2019. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $460K represent 24 months of operating reserves.

Mission

ENHANCE COMMUNICATION,GATHER TECH EXPERTISE,PROMOTE SAFETY,TRAINING,COMPETENCY & ACCEPTED PRACTICES WITHIN THE WELL INTERVENTION INDUSTRY THROUGH PARTICIPATING MFG,SUPPLIERS,SERVICE PROVIDERS & END-USERS OF COILED TUBING,SLICKLINE,WIRELINE,HYDRAULIC WORKOVER,PUMPING & ASSOC TECH.

Program Service Accomplishments

Program 1
Expenses: $33,284 Revenue: $196,687

SPE/ICOTA WELL INTERVENTION CONFERENCE & EXHIBITION - THE ANNUAL SPE/ICOTA COILED TUBING CONFERENCE AND EXHIBITION HELD IN CONJUNCTION WITH THE SOCIETY OF PETROLEUM ENGINEERS (SPE) IS THE FLAGSHIP...

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SPE/ICOTA WELL INTERVENTION CONFERENCE & EXHIBITION - THE ANNUAL SPE/ICOTA COILED TUBING CONFERENCE AND EXHIBITION HELD IN CONJUNCTION WITH THE SOCIETY OF PETROLEUM ENGINEERS (SPE) IS THE FLAGSHIP ICOTA EVENT. THIS IS A 2-DAY EVENT THAT IS PROCEEDED BY A DAY OF SHORT COURSES.

Program 2
Expenses: $30,625

ONLINE TRAINING COURSES - TWO ONLINE TRAINING COURSES ARE OFFERED ON THE ICOTA WEBSITE AND IS OFFERED TO ALL MEMBERS (ACROSS ALL CHAPTERS) AT NO CHARGE. NON-MEMBERS ARE WELCOME TO TAKE THE COURSES...

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ONLINE TRAINING COURSES - TWO ONLINE TRAINING COURSES ARE OFFERED ON THE ICOTA WEBSITE AND IS OFFERED TO ALL MEMBERS (ACROSS ALL CHAPTERS) AT NO CHARGE. NON-MEMBERS ARE WELCOME TO TAKE THE COURSES FOR A VERY SMALL FEE. NON-MEMBERS WISHING TO TAKE THE COURSE, WILL OBTAIN MEMBERSHIP IN LIEU OF PAYING FULL PRICE. CURRENTLY, THERE ARE TWO COURSES AVAILABLE: INTRODUCTION TO WELL INTERVENTION (2 PARTS) AND COILED TUBING ENGINEERING (2 PARTS). ADDITIONAL COURSES WILL BE ADDED.

Program 3
Expenses: $30,133

DYNAMIC WEBSITES - ICOTA GLOBAL LAUNCHED A WEBSITE INITIATIVE IN 2018 WITH THE GOAL OF HAVING A STREAMLINED, PROFESSIONAL WEB PRESENCE ALONG WITH A DEDICATED MEMBERS ONLY AREA (WWW.ICOTA.COM)...

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DYNAMIC WEBSITES - ICOTA GLOBAL LAUNCHED A WEBSITE INITIATIVE IN 2018 WITH THE GOAL OF HAVING A STREAMLINED, PROFESSIONAL WEB PRESENCE ALONG WITH A DEDICATED MEMBERS ONLY AREA (WWW.ICOTA.COM). MEMBERS ACROSS ALL CHAPTERS WILL HAVE ACCESS TO A LARGE LIBRARY OF INDUSTRY RELEVANT TECHNICAL PAPERS, CASE HISTORIES AND PRESENTATIONS FROM ICOTA CONFERENCES, ROUNDTABLES, WORKSHOPS AND MONTHLY CHAPTER TECHNICAL LUNCHEONS. MEMBERS WILL ALSO HAVE ACCESS TO THE WORLDWIDE MEMBERSHIP DIRECTORY AS WELL AS THE ICOTA ANNUAL COILED TUBING UNIT REPORT. NEW WEBSITE INITIAL LAUNCH WAS IN NOVEMBER 2018.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $228,687
Investment Income $94
Other Revenue $0
TOTAL REVENUE $228,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $114,129
Other Expenses $228,660
TOTAL EXPENSES $228,660

Year-over-Year Comparison

2019 2018 Change
Revenue $228,781 $187,971 +0.2%
Expenses $228,660 $207,165 +0.1%
Net Income $121 $-19,194 -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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Governance

Voting Members
39
Independent Members
39
Employees
N/A
Volunteers
39

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
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LARIMORE DIRECTOR 1.00
Director
$0 $0 $0
MATT BILLINGHAM SR CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIM RAMSEY TREASURER 1.00
Officer Director
$0 $0 $0
KEN NEWMAN DIRECTOR 1.00
Director
$0 $0 $0
ALEX CRABTREE DIRECTOR 1.00
Director
$0 $0 $0
RON CLARKE DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KUIJKEN DIRECTOR 1.00
Director
$0 $0 $0
ARTEM GRIBOV DIRECTOR 1.00
Director
$0 $0 $0
BILL GAVIN DIRECTOR 1.00
Director
$0 $0 $0
DEAN DING DIRECTOR 1.00
Director
$0 $0 $0
ANDREW PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
TODD GREEN DIRECTOR 1.00
Director
$0 $0 $0
STUART MURCHIE JR CHAIRMAN 1.00
Officer Director
$0 $0 $0
SCOTT SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
LEI GAO DIRECTOR 1.00
Director
$0 $0 $0
GEORGE WAUGH DIRECTOR 1.00
Director
$0 $0 $0
MIGUEL DI VINCENZO DIRECTOR 1.00
Director
$0 $0 $0
FERNANDO BAEZ DIRECTOR 1.00
Director
$0 $0 $0
KONSTANTIN BURDIN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN NORMOYLE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL LAM DIRECTOR 1.00
Director
$0 $0 $0
ALEX SHEEHAN DIRECTOR 1.00
Director
$0 $0 $0
PHILIPPE QUERO DIRECTOR 1.00
Director
$0 $0 $0
ALAN TURNER DIRECTOR 1.00
Director
$0 $0 $0
HAMPTON FOWLER DIRECTOR 1.00
Director
$0 $0 $0
STEVE DESHOTELS DIRECTOR 1.00
Director
$0 $0 $0
ED SMALLEY DIRECTOR 1.00
Director
$0 $0 $0
BRETT WHITTE DIRECTOR 1.00
Director
$0 $0 $0
SASCHA TRUMMER DIRECTOR 1.00
Director
$0 $0 $0
CLINT DERRICK DIRECTOR 1.00
Director
$0 $0 $0
ALASTAIR BUCHANAN DIRECTOR 1.00
Director
$0 $0 $0
CHAD JOOST DIRECTOR 1.00
Director
$0 $0 $0
ZEKE PEAK DIRECTOR 1.00
Director
$0 $0 $0
EDDIE KARLSEN DIRECTOR 1.00
Director
$0 $0 $0
LUCAS MEZZANO DIRECTOR 1.00
Director
$0 $0 $0
CODY TREBING DIRECTOR 1.00
Director
$0 $0 $0
BOB MURPHY DIRECTOR 1.00
Director
$0 $0 $0
DAVID AUDELO DIRECTOR 1.00
Director
$0 $0 $0
GORDON MACKENZIE DIRECTOR 1.00
Director
$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
2019 $228,781 $228,660 $460,299 $121
2018 $187,971 $207,165 $460,178 $-19,194
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