INTERNATIONAL ASSOCIATION OF DRILLING CONTRACTORS (EIN 750110385) - 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

1964

Legal Domicile

Principal Officer

JASON MCFARLAND

Phone

7132921945

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF DRILLING CONTRACTORS, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 7% surplus.

Mission

IADC'S MISSION IS TO IMPROVE INDUSTRY HEALTH, SAFETY & ENVIRONMENTAL PRACTICES; ADVANCE DRILLING & COMPLETION TECHNOLOGY; AND CHAMPION RESPONSIBLE STANDARDS, PRACTICES, LEGISLATION & REGULATIONS THAT PROVIDE FOR SAFE, EFFICIENT & ENVIRONMENTALLY SOUND DRILLING OPERATIONS WORLDWIDE. THROUGH CONFERENCES, TRAINING SEMINARS, PRINT & ELECTRONIC PUBLICATIONS, AND A COMPREHENSIVE NETWORK OF TECHNICAL PUBLICATIONS, IADC CONTINUALLY FOSTERS EDUCATION AND COMMUNICATION WITHIN THE UPSTREAM PETROLEUM 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,947,073

Program Service Revenue $12,934,393

Investment Income $644,836

Other Revenue $-2,459,702

TOTAL REVENUE $13,066,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,711,917

Fundraising Expenses $0

Other Expenses $5,472,186

TOTAL EXPENSES $12,184,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,066,600	$10,781,076	+0.2%
Expenses	$12,184,103	$11,004,282	+0.1%
Net Income	$882,497	$-223,206	-5.0%

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

276

Independent Members

276

Employees

Volunteers

825

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

$1,869,912

Total Directors

$751,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MCGARITY	DIRECTOR	2.00	Director	$0	$0	$0
SIGGI MIESSNER	DIRECTOR	2.00	Director	$0	$0	$0
SHANE MARCHAND	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT MCREAKEN	SECRETARY-TREASURER	2.00	Director	$0	$0	$0
RODDIE MACKENZIE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT EIFLER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL MOSVOLD	DIRECTOR	2.00	Director	$0	$0	$0
MIKE GARVIN	DIRECTOR	2.00	Director	$0	$0	$0
MIGUEL SANCHEZ	DIRECTOR	2.00	Director	$0	$0	$0
MANAV KUMAR	DIRECTOR	2.00	Director	$0	$0	$0
LEIF NELSON	VICE CHAIRMAN	2.00	Director	$0	$0	$0
KEVIN A NEVEU	DIRECTOR	2.00	Director	$0	$0	$0
JOE LILLIS	SR. DIRECTOR GOVT IND. AFFAIRS	40.00	Director	$161,250	$14,512	$175,762
JEREMY THIGPEN	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
JASON E MCFARLAND	PRESIDENT	40.00	Officer Director	$545,902	$29,700	$575,602
CHRIS MENEFEE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WOODWARD	DIRECTOR	2.00	Director	$0	$0	$0
BRAD JAMES	DIRECTOR	2.00	Director	$0	$0	$0
BERNIE WOLFORD	DIRECTOR	2.00	Director	$0	$0	$0
ANTON DIBOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
ANDY HENDRICKS	CHAIRMAN	2.00	Director	$0	$0	$0
ALEXANDER ESSLEMONT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL DUBOSE	VP - INTERNATIONAL DEVELOP	40.00	Officer	$330,221	$27,237	$357,458
LINDA HSIEH	VP EDITOR/PUBLISHER	40.00	Officer	$160,743	$14,467	$175,210
LEESA TEEL	VP - CONFERENCES/MEMBERSHI	40.00	Officer	$274,696	$24,723	$299,419
BROOKE POLK	VP ACCREDITATION OPERATIONS	40.00	Officer	$167,162	$13,841	$181,003
BOB WARREN	VP- GOVT INDUSTRY AFFAIRS	40.00	Officer	$258,000	$23,220	$281,220
THAD DUNHAM	DIR. GOVERNMENT AND IND AF	40.00	Highest	$154,638	$13,917	$168,555
JAMES ROCCO	SR. DIRECTOR, GOVT IND AFF	40.00	Highest	$223,326	$20,100	$243,426
DEAN GANT	SENIOR DIRECTOR OF FINANCE	40.00	Highest	$165,766	$14,919	$180,685
ANGELA GUNDEN	SENIOR DIRECTOR CORP SERVI	40.00	Highest	$154,259	$13,883	$168,142

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	$13,066,600	$12,184,103	$27,594,099	$882,497
2022	$10,781,076	$11,004,282	$25,015,870	$-223,206
2021	$10,889,536	$9,611,566	$26,004,496	$1,277,970
2020	$9,099,623	$9,813,188	$23,768,501	$-713,565
2019	$14,035,664	$11,834,985	$24,477,188	$2,200,679
2018	$10,807,645	$11,999,881	$22,289,570	$-1,192,236

INTERNATIONAL ASSOCIATION OF DRILLING CONTRACTORS