EAST TEXAS CHAPTER API (EIN 752273369) - 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

1984

Legal Domicile

Principal Officer

MICHAEL E CLEMENTS JR

Phone

9037595325

Tax Period

2023-01-01 to 2023-12-31

EAST TEXAS CHAPTER API, founded in 1984, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $20K, a strong 19% operating margin.

Mission

PROVIDE A MEETING FORUM THREE TIMES A YEAR FOR OIL AND GAS PRODUCTION PERSONNEL TO EXCHANGE AND DISCUSS IDEAS AND NEW PRODUCTION TECHNOLOGY. THE ORGANIZATION ALSO HOLDS THREE FUND RAISER EVENTS A YEAR IN ORDER TO AWARD COLLEGE SCHOLARSHIPS.

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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 $0

Investment Income $6,375

Other Revenue $98,025

TOTAL REVENUE $104,400

Expense Breakdown

Grants Paid $72,000

Salaries & Benefits $0

Fundraising Expenses $5,331

Other Expenses $12,432

TOTAL EXPENSES $84,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,400	$127,411	-0.2%
Expenses	$84,432	$56,128	+0.5%
Net Income	$19,968	$71,283	-0.7%

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

N/A

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
STEVE PARSONS	6TH VICE PRE	N/A	Officer	$0	$0	$0
MIKE CLEMENTS	PAST PRESIDE	N/A	Officer	$0	$0	$0
JOHN LOCKMAN	1ST VICE PRE	N/A	Officer	$0	$0	$0
CHASE PATTERSON	SECRETARY/TR	N/A	Officer	$0	$0	$0
GAYLE KIRKLAND	5TH VICE PRE	N/A	Officer	$0	$0	$0
GARY HARRISON	4TH VICE PRE	N/A	Officer	$0	$0	$0
DAVID CASTLES	3RD VICE PRE	N/A	Officer	$0	$0	$0
CHARLIE WILLIAMS	2ND VICE PRE	N/A	Officer	$0	$0	$0
MICHAEL E CLEMENTS JR	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$104,400	$84,432	$372,377	$19,968
2022	$127,411	$56,128	$352,409	$71,283
2021	$42,951	$69,371	$281,126	$-26,420
2020	$4,403	$62,597	$229,885	$-58,194
2019	$104,500	$57,240	$307,376	$47,260
2018	$91,425	$94,049	$260,116	$-2,624

EAST TEXAS CHAPTER API