Offshore Technology Conference

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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

1969

Legal Domicile

Phone

9729529494

Tax Period

2024-08-01 to 2025-07-31

Offshore Technology Conference, founded in 1969, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.1M, a strong 52% operating margin.

Mission

THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS.

Program Service Accomplishments

Program 1

OTC HOUSTON - THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND...

OTC HOUSTON - THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS. THE OTC EVENT WAS HELD IN HOUSTON, TX MAY 5-8, 2025.

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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 $0

Program Service Revenue $13,426,822

Investment Income $146,759

Other Revenue $0

TOTAL REVENUE $13,573,581

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $6,453,730

TOTAL EXPENSES $6,463,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,573,581	$20,472,558	-0.3%
Expenses	$6,463,730	$9,250,499	-0.3%
Net Income	$7,109,851	$11,222,059	-0.4%

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

N/A

Volunteers

150

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
ALEX MARTINEZ	CHAIR	1.0	Officer Director	$0	$0	$0
DAN MCCONNELL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
BOB WARREN	DIRECTOR	1.0	Director	$0	$0	$0
CARLOS MASTRANGELO	DIRECTOR	1.0	Director	$0	$0	$0
DONALD BURRIS	DIRECTOR	1.0	Director	$0	$0	$0
DOREEN CHIN	DIRECTOR	1.0	Director	$0	$0	$0
GREG KUZINSKI	DIRECTOR	1.0	Director	$0	$0	$0
JAMIE ALLAN	DIRECTOR	1.0	Director	$0	$0	$0
JERRY CARROLL	DIRECTOR	1.0	Director	$0	$0	$0
LIRIO QUINTERO	DIRECTOR	1.0	Director	$0	$0	$0
NEIL KAVANAUGH	DIRECTOR	1.0	Director	$0	$0	$0
ROD LARSON	DIRECTOR	1.0	Director	$0	$0	$0
SANDEEP KHURANA	DIRECTOR	1.0	Director	$0	$0	$0
Scott Chitwood	Director (start: 05/24)	1.0	Director	$0	$0	$0
Amanda Rushing	Executive Director	10.0	Officer	$0	$0	$0
STEVE BYRNE	CFO	5.0	Officer	$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
2025	$13,573,581	$6,463,730	$3,101,561	$7,109,851
2024	$20,472,558	$9,250,499	$8,922,150	$11,222,059
2023	$15,659,741	$5,439,248	$12,485,915	$10,220,493
2022	$23,847,449	$10,233,872	$12,479,859	$13,613,577
2021	$984,411	$2,629,017	$13,421,893	$-1,644,606
2020	$3,140,287	$3,329,936	$14,049,503	$-189,649