PETROLEUM CLUB OF MIDLAND (EIN 750750687) - 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

1947

Legal Domicile

Principal Officer

JORDAN DAVIS

Phone

4326822557

Tax Period

2023-11-01 to 2024-10-31

PETROLEUM CLUB OF MIDLAND, founded in 1947, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 11% surplus.

Mission

THE IMPROVEMENT AND DEVELOPMENT OF THE HUMAN MIND THROUGH READING, DISCUSSION, EXCHANGE OR IDEAS, LECTURES, INFORMATION & SOCIAL CONTACTS AND ALL OTHER MEANS THAT WILL CONTRIBUTE TO IMPROVEMENT OF MEMBERS.

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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 $3,099,175

Investment Income $113,279

Other Revenue $3,159,617

TOTAL REVENUE $6,372,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,617,977

Fundraising Expenses $0

Other Expenses $2,044,693

TOTAL EXPENSES $5,662,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,372,071	$6,253,963	+0.0%
Expenses	$5,662,670	$5,276,744	+0.1%
Net Income	$709,401	$977,219	-0.3%

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

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

Total Directors

Key Employees

$285,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE GOREE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT DIMIT	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
RON GASSER	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLE HAMMOND	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK MCCLURE	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL LANIER	BOARD MEMBER	2.00	Director	$0	$0	$0
GRANT WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
SUZANNE SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
CLINT WALKER	EX-OFICIO	2.00	Director	$0	$0	$0
ARMANDO MARTINEZ	GENERAL MANAGER	40.00	Key Emp	$251,015	$34,935	$285,950
CLYDE JAY SHUTTS	EXECUTIVE CHEF	40.00	Highest	$128,564	$375	$128,939

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	$6,372,071	$5,662,670	$10,272,426	$709,401
2023	$6,253,963	$5,276,744	$9,237,563	$977,219
2022	$5,431,861	$5,250,608	$8,505,669	$181,253
2021	$4,595,525	$5,400,180	$8,360,151	$-804,655
2020	$4,525,020	$5,380,128	$8,749,464	$-855,108
2019	$6,481,399	$6,524,786	$9,613,754	$-43,387
2018	$5,949,709	$5,726,464	$9,507,043	$223,245

PETROLEUM CLUB OF MIDLAND