Midland Energy Library Inc

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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

1984

Legal Domicile

Principal Officer

ALAN LEFEVER

Phone

4326838057

Tax Period

2023-01-01 to 2023-12-31

Midland Energy Library Inc, founded in 1984, is a small nonprofit in the Education sector that reported $331K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 52 months of operating reserves.

Mission

TO COLLECT, PRESERVE, CATALOG AND EXHIBIT SCIENTIFIC, GEOLOGICAL AND ENGINEERING DATA GATHERED BY THE PETROLEUM INDUSTRY - TO BE A WORKING LIBRARY FOR USE BY INDUSTRY PROFESSIONALS, EDUCATORS, STUDENTS AND OTHER MEMBERS OF THE INTERESTED PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $286,473

THE ENTITY IS A GEOLOGICAL LIBRARY AND CONDUCTS NORMAL LIBRARY OPERATIONS INCLUDING PRESERVING AND MAKING AVAILABLE ONE OF A KIND DATA FOR USE IN THE EXPLORATION FOR OIL AND GAS AND CERTAIN MINERAL RESOURCES WITHIN THE PERMIAN BASIN. THE LIBRARY ESTIMATES THAT IT BENEFITS 150-250 PEOPLE A MONTH.

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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 $6,940

Program Service Revenue $273,046

Investment Income $8,237

Other Revenue $42,607

TOTAL REVENUE $330,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,535

Fundraising Expenses $0

Program Expenses $286,473

Other Expenses $164,724

TOTAL EXPENSES $360,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,830	$422,534	-0.2%
Expenses	$360,259	$344,545	+0.0%
Net Income	$-29,429	$77,989	-1.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DALLY	Treasurer	1.00	Officer Director	$0	$0	$0
NICK MASTEN	Director	1.00	Director	$0	$0	$0
POLLY FLEISCHMANN	Director	1.00	Director	$0	$0	$0
CHERRY MATCHUS	Director	1.00	Director	$0	$0	$0
TOM KING	Director	1.00	Director	$0	$0	$0
ALAN LEFEVER	President	1.00	Officer Director	$0	$0	$0
WILLIAM HARDIE	Secretary	1.00	Officer Director	$0	$0	$0
DAVE CANNON	Director	1.00	Director	$0	$0	$0
ERIN VAN EVERA-WELCH	Vice President	1.00	Officer Director	$0	$0	$0
ADAM BALL	Director	1.00	Director	$0	$0	$0
ROBERT TRENTHAM	Director	1.00	Director	$0	$0	$0
ROBERT CAMPBELL	Director	1.00	Director	$0	$0	$0
EARL SEBRING	Director	1.00	Director	$0	$0	$0
MIKE MILLER	Director	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	No data	No data	No data	No data
2023	$330,830	$360,259	$1,455,602	$-29,429
2022	$422,534	$344,545	$1,470,315	$77,989
2021	$355,564	$432,062	$1,418,665	$-76,498
2020	$403,487	$439,220	$1,480,150	$-35,733
2019	$446,192	$447,523	$1,511,881	$-1,331
2018	$401,718	$438,366	$1,539,571	$-36,648