PERMIAN BASIN CHAPTER-API

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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

1978

Legal Domicile

Principal Officer

KEVIN NORTHCUTT

Tax Period

2024-01-01 to 2024-12-31

PERMIAN BASIN CHAPTER-API, founded in 1978, is a small nonprofit that reported $134K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $181K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE PERMIAN BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE SPONSORS FUNDRAISERS IN ORDER TO PROVIDE SCHOLARSHIPS TO STUDENTS FOR HIGHER EDUCATION THROUGH A NONDISCRIMINATORY POLICY.

Program Service Accomplishments

Program 1

Expenses: $152,000

SEVENTY-SIX SCHOLARSHIPS WERE AWARDED TO STUDENTS FOR HIGHER EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $982

Program Service Revenue $0

Investment Income $6,872

Other Revenue $126,525

TOTAL REVENUE $134,379

Expense Breakdown

Grants Paid $152,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,000

Other Expenses $28,503

TOTAL EXPENSES $180,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,379	$118,889	+0.1%
Expenses	$180,503	$129,797	+0.4%
Net Income	$-46,124	$-10,908	+3.2%

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
KEVIN NORTHCUTT	President	1.00	Officer Director	$0	$0	$0
SCOTT EMERSON	2ND VP	1.00	Officer Director	$0	$0	$0
JAKE SZOT	3RD VP	1.00	Officer Director	$0	$0	$0
CONNIE CALOBREVES	Secretary	1.00	Officer Director	$0	$0	$0
KATHY CARPENTER	VP/TREASURER	1.00	Officer 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	$134,379	$180,503	$305,427	$-46,124
2023	$118,889	$129,797	$335,292	$-10,908
2022	$81,099	$82,261	$325,230	$-1,162
2021	$54,256	$75,201	$370,060	$-20,945
2020	$4,491	$74,517	$370,571	$-70,026
2019	$124,032	$88,926	$409,904	$35,106
2018	$118,369	$116,551	$344,386	$1,818