Produced Water Society Inc (EIN 760663372) - 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

1999

Legal Domicile

Principal Officer

Morris Hoagland

Phone

5127168536

Tax Period

2024-01-01 to 2024-12-31

Produced Water Society Inc, founded in 1999, is a small nonprofit in the Environment sector that reported $761K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 27% operating margin.

Mission

The Produced Water Society is a collection of engineers, scientists, and industry professionals with the common mission to study and improve the management of produced water from offshore and onshore wells.

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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 $11,316

Program Service Revenue $749,258

Investment Income $0

Other Revenue $0

TOTAL REVENUE $760,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,913

Other Expenses $557,530

TOTAL EXPENSES $557,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,574	$469,940	+0.6%
Expenses	$557,530	$501,721	+0.1%
Net Income	$203,044	$-31,781	-7.4%

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

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
Ben Samuels	Vice President	0.60	Officer Director	$0	$0	$0
Steve Coffee	President	0.60	Officer Director	$0	$0	$0
Morris Hoagland	Treasurer	0.60	Officer Director	$0	$0	$0
Ivan Morales	Secretary	0.60	Officer 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	$760,574	$557,530	$326,206	$203,044
2023	$469,940	$501,721	$56,914	$-31,781
2022	$354,231	$352,488	$37,191	$1,743
2021	$114,493	$192,386	$1,039	$-77,893
2020	$206,965	$213,671	$119,669	$-6,706
2019	$392,048	$373,252	$115,098	$18,796
2018	$409,290	$435,717	$52,510	$-26,427

Produced Water Society Inc