SPE FOUNDATION

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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

1977

Legal Domicile

Principal Officer

JANEEN JUDAH

Phone

9729529393

Tax Period

2023-12-01 to 2024-11-30

SPE FOUNDATION, founded in 1977, is a small nonprofit that reported $660K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $607K left a modest 8% surplus.

Mission

SUPPORT THE MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS AND PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING AN EDUCATION IN PETROLEUM ENGINEERING.

Program Service Accomplishments

Program 1

Expenses: $325,000

CONTRIBUTIONS TO THE SOCIETY OF PETROLEUM ENGINEERS TO SUPPORT MEMBER PROGRAMS FOR THE DISTINGUISHED LECTURER SERIES, LONG RANGE CALENDAR RE-WRITE AND TECHNICAL WEBINARS

Program 2

Expenses: $55,000

SCHOLARSHIPS PAID FROM THE ARCHIE FUND, NICO VAN WINGEN FUND, THE IMOMOH FUND, AND DON RUSSELL FUND.

Program 3

Expenses: $81,100

MANAGEMENT FEE TO SPE INC FOR PROVIDING SERVICES IN HANDLING THE SCHOLARSHIP COMMITTEES AND HANDLING THE VARIOUS MEMBER PROGRAMS.

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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 $120,365

Program Service Revenue $0

Investment Income $558,774

Other Revenue $-18,839

TOTAL REVENUE $660,300

Expense Breakdown

Grants Paid $380,000

Salaries & Benefits $0

Fundraising Expenses $32,500

Program Expenses $461,100

Other Expenses $194,120

TOTAL EXPENSES $606,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$660,300	$719,076	-0.1%
Expenses	$606,620	$1,083,862	-0.4%
Net Income	$53,680	$-364,786	-1.1%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS JANEEN JUDAH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR EGBERT IMOMOH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MR DARCY SPADY	TREASURER	1.00	Officer Director	$0	$0	$0
DR SAMI ABDUL AZIZ ALNUAIM	SECRETARY	1.00	Officer Director	$0	$0	$0
MR BRUCE E BERNARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MR TERRY PALISCH	2024 SPE PRESIDENT (9/2024)	1.00	Officer Director	$0	$0	$0
DR MEDHAT KAMAL	2023 SPE PRESIDENT (THRU 9/2024)	1.00	Officer Director	$0	$0	$0
MR ROGER ABEL	TRUSTEE	1.00	Director	$0	$0	$0
DR ABDUL JALEEL AL-KHALIFA	TRUSTEE	1.00	Director	$0	$0	$0
DR LYN ARSCOTT	TRUSTEE	1.00	Director	$0	$0	$0
DR KATE HADLEY BAKER	TRUSTEE	1.00	Director	$0	$0	$0
MR W C BARTON JR	TRUSTEE	1.00	Director	$0	$0	$0
DR JEFFREY SPATH	TRUSTEE	1.00	Director	$0	$0	$0
DR TOM BLASINGAME	TRUSTEE	1.00	Director	$0	$0	$0
DR WILLIAM M COBB	TRUSTEE	1.00	Director	$0	$0	$0
MR JOHN A COLLIGAN	TRUSTEE	1.00	Director	$0	$0	$0
DR BEHROOZ FATTAHI	TRUSTEE	1.00	Director	$0	$0	$0
MR PETER D GAFFNEY	TRUSTEE	1.00	Director	$0	$0	$0
MR DENNIS E GREGG	TRUSTEE	1.00	Director	$0	$0	$0
MR HELGE H HALDORSEN	TRUSTEE	1.00	Director	$0	$0	$0
MR T SCOTT HICKMAN	TRUSTEE	1.00	Director	$0	$0	$0
MR JAMES R JORDEN	TRUSTEE	1.00	Director	$0	$0	$0
MR ROY H KOERNER	TRUSTEE	1.00	Director	$0	$0	$0
MR ALAIN LABASTIE	TRUSTEE	1.00	Director	$0	$0	$0
DR D NATHAN MEEHAN	TRUSTEE	1.00	Director	$0	$0	$0
MS SHAUNA NOONAN	TRUSTEE	1.00	Director	$0	$0	$0
DR LEO ROODHART	TRUSTEE	1.00	Director	$0	$0	$0
MR EDWARD E RUNYAN	TRUSTEE	1.00	Director	$0	$0	$0
DR KAMEL BEN-NACEUR	TRUSTEE	1.00	Director	$0	$0	$0
DR EVE SPRUNT	TRUSTEE	1.00	Director	$0	$0	$0
MR ANDREW A YOUNG	TRUSTEE	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
2024	$660,300	$606,620	$11,322,862	$53,680
2023	$719,076	$1,083,862	$10,206,766	$-364,786
2022	$535,963	$908,360	$10,541,618	$-372,397
2021	$634,754	$1,079,005	$12,383,266	$-444,251
2020	$902,905	$1,354,182	$11,468,575	$-451,277
2019	$646,400	$996,214	$11,557,973	$-349,814