VICTORIA CHAPTER OF API

EIN: 746085122

VICTORIA, TX

Total Revenue
$38,885
Total Expenses
$54,978
Total Assets
$14,299
Net Assets
$13,653
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
TX
Principal Officer
SHANA SPEER
Phone
3615705900
Tax Period
2024-09-01 to 2025-08-31

VICTORIA CHAPTER OF API, founded in 1970, is a micro nonprofit that reported $39K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR TWO PURPOSES; THE FIRST, TO PROVIDE A SOCIAL CLUB WHEREBY INDIVIDUALS IN THE PETROLEUM INDUSTRY CAN MEET WITH OTHER INDIVIDUALS WITH RELATED PETROLEUM INTERESTS. THE EXPENSES FROM THESE MEETINGS ARE DEFRAYED BY MEMBERSHIP DUES AND MEETING CHARGES; SUCH FUNDS MAY BE USED SOLELY FOR THE SUPPORT OF CHAPTER ACTIVITIES. MEMBERSHIP IS OPEN TO ALL IN THE PETROLEUM INDUSTRY REGARDLESS OF RACE, CREED OR COLOR. THE SECOND PURPOSE OF THIS CHAPTER IS TO PROVIDE MONIES TO QUALIFIED INDIVIDUALS IN THE FORM OF COLLEGE SCHOLARSHIPS IN ORDER TO PROMOTE THE OIL AND GAS INDUSTRY. THESE MONIES ARE RAISED THROUGH SPONSORSHIP CONTRIBUTIONS AT AN ANNUAL GOLF TOURNAMENT, TEAM ROPING EVENT, AND SKEET SHOOT. THE SCHOLARSHIP COMMITTEE OF THE VICTORIA CHAPTER OF THE AMERICAN PETROLEUM INSTITUE SELECTS THE SCHOLARSHIP RECIPIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,130
Program Service Revenue $5,183
Investment Income $0
Other Revenue $26,572
TOTAL REVENUE $38,885

Expense Breakdown

Grants Paid $17,105
Salaries & Benefits $13,229
Fundraising Expenses $0
Program Expenses $54,978
Other Expenses $24,644
TOTAL EXPENSES $54,978

Year-over-Year Comparison

2024 2023 Change
Revenue $38,885 $69,098 -0.4%
Expenses $54,978 $59,595 -0.1%
Net Income $-16,093 $9,503 -2.7%
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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Governance

Voting Members
16
Independent Members
16
Employees
1
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN RIGAMONTI CHAIRMAN N/A
Officer Director
$0 $0 $0
SEE ATTACHED SCHEDULE FOR OTHERS OFFICERS & D N/A
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
2025 $38,885 $54,978 $14,299 $-16,093
2024 $69,098 $59,595 $30,239 $9,503
2023 $53,815 $50,175 $21,952 $3,640
2022 $49,968 $49,533 $18,274 $435
2021 $49,982 $27,340 $16,360 $22,642
2020 $24,950 $89,799 $200 $-64,849
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