PERMIAN BASIN OILMAN'S BASS INVITATIONAL

EIN: 752557790 501(c)(3) Philanthropy & Grantmaking

MIDLAND, TX

Total Revenue
$220,181
Total Expenses
$192,915
Total Assets
$87,664
Net Assets
$87,664
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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
1995
Legal Domicile
TX
Principal Officer
KOBY WEST
Phone
4326871611
Tax Period
2023-01-01 to 2023-12-31

PERMIAN BASIN OILMAN'S BASS INVITATIONAL, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 12% surplus.

Mission

TO BENEFIT LOCAL CHILDREN WITH LIFE THREATENING ILLNESSES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $288,243
Program Service Revenue $0
Investment Income $0
Other Revenue $-68,062
TOTAL REVENUE $220,181

Expense Breakdown

Grants Paid $182,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,500
Other Expenses $10,415
TOTAL EXPENSES $192,915

Year-over-Year Comparison

2023 2022 Change
Revenue $220,181 $146,563 +0.5%
Expenses $192,915 $184,222 +0.0%
Net Income $27,266 $-37,659 -1.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE ARNOLD DIRECTOR 0.00
Director
$0 $0 $0
BLAKE ARTHUR DIRECTOR 0.00
Director
$0 $0 $0
CONNIE CALOBREVES DIRECTOR 0.00
Director
$0 $0 $0
CONNOR MCKOWN DIRECTOR 0.00
Director
$0 $0 $0
ALBERT MAES DIRECTOR 0.00
Director
$0 $0 $0
DALE WELCH PRESIDENT 0.00
Officer Director
$0 $0 $0
GAIL RIGGAN SECRETARY 0.00
Officer Director
$0 $0 $0
KOBY WEST TREASURER 0.00
Officer Director
$0 $0 $0
JAMES SCHRAUNER DIRECTOR 0.00
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 $220,181 $192,915 $87,664 $27,266
2022 $146,563 $184,222 $60,398 $-37,659
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