Houston Chapter of International A… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

John Williams

Phone

2815060003

Tax Period

2024-01-01 to 2024-12-31

Houston Chapter of International Association of Drilling Contractors, founded in 1990, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

To improve industry health, safety, and environmental practices; advance drilling and completion technology; and champion responsible standards, practices, legislation, and regulations for worldwide safe, efficient, and environmentally sound drilling operations.

Program Service Accomplishments

Program 1

The Houston Chapter is the largest local chapter of the IADC network, servicing onshore, inland barge, and offshore drilling operations.The IADC is dedicated to enhancing the interests of the...

The Houston Chapter is the largest local chapter of the IADC network, servicing onshore, inland barge, and offshore drilling operations.The IADC is dedicated to enhancing the interests of the oil-and-gas and geothermal drilling and completion industry worldwide. Membership is open to any company involved in oil and gas exploration, drilling or production, well servicing, oilfield manufacturing, or other rig-site services. IADC's contract-drilling members own most of the world's land and offshore drilling units and drill most of the wells that produce the planet's oil and gas. IADC's membership includes oil-and-gas producers, manufacturers, and oilfield equipment and services suppliers.

Program 2

IADC-Houston Chapter provides a venue for members to share and exchange technology specific to the drilling contractor industry. Luncheons are held 6-8 times per year. The Oilfield Charity Sporting Clays Tournament benefits the Oilfield Christian Fellowship charity. IADC-Houston Chapter Golf Tournament benefits students in the form of 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,791

Investment Income $25

Other Revenue $145,309

TOTAL REVENUE $169,125

Expense Breakdown

Grants Paid $104,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $60,504

TOTAL EXPENSES $165,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,125	$196,183	-0.1%
Expenses	$165,004	$140,260	+0.2%
Net Income	$4,121	$55,923	-0.9%

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

$9,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Williams	Chairman	8.00	Officer Director	$0	$0	$0
Garrett Reinert	Vice Chairman	8.00	Officer Director	$0	$0	$0
Brian Townsend	Treasurer	8.00	Officer Director	$0	$0	$0
Blake Burns	Secretary	8.00	Officer Director	$0	$0	$0
Justin Allen	Director	4.00	Director	$0	$0	$0
Monique Boudreaux	Director	4.00	Director	$0	$0	$0
Gloria Call	Director	4.00	Director	$9,600	$0	$9,600
Chris Colwell	Director	4.00	Director	$0	$0	$0
Bronson Ekre	Director	4.00	Director	$0	$0	$0
Carla Fontenot	Director	4.00	Director	$0	$0	$0
Efrain Garcia	Director	4.00	Director	$0	$0	$0
Joseph Hudson	Director	4.00	Director	$0	$0	$0
Jeff Kessler	Director	4.00	Director	$0	$0	$0
Robert Kneisley	Director	4.00	Director	$0	$0	$0
Marc Noel	Director	4.00	Director	$0	$0	$0
Dustin Torkey	Director	4.00	Director	$0	$0	$0
Shawn Vigeant	Director	4.00	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	$169,125	$165,004	$219,745	$4,121
2023	$196,183	$140,260	$215,624	$55,923
2022	$146,419	$123,811	$159,701	$22,608
2019	$90,238	$84,882	$131,745	$5,356
2018	$96,874	$74,937	$126,389	$21,937

Houston Chapter of International Association of Drilling Contractors