RESERVOIR ENGINEERING RESEARCH INSTITUTE (EIN 770238044) - 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

1990

Legal Domicile

Phone

6503269172

Tax Period

2023-01-01 to 2023-12-31

RESERVOIR ENGINEERING RESEARCH INSTITUTE, founded in 1990, is a small nonprofit in the Science & Technology sector that reported $542K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $684K exceeded revenue, resulting in a 26% operating deficit.

Mission

To carry out in-depth research in key areas of petroleum reservoir engineering.

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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 $542,004

Investment Income $423

Other Revenue $0

TOTAL REVENUE $542,427

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $387,051

Fundraising Expenses $10,398

Program Expenses $579,521

Other Expenses $236,733

TOTAL EXPENSES $683,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$542,427	$410,643	+0.3%
Expenses	$683,784	$469,573	+0.5%
Net Income	$-141,357	$-58,930	+1.4%

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

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

$115,029

Total Directors

$115,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ABBAS FIROOZABADI	Executive Direc	40.00	Officer Director	$115,029	$0	$115,029
DR BRET BECKNER	Director	1.00	Director	$0	$0	$0
PROF CLAYTON RADKE	Director	1.00	Director	$0	$0	$0
DR KJETIL HAUGEN	Director	1.00	Director	$0	$0	$0
PROF GERALD FULLER	Director	1.00	Director	$0	$0	$0
DR BAMSHAD NAZARIAN	Director	1.00	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	$542,427	$683,784	$229,486	$-141,357
2022	$410,643	$469,573	$145,837	$-58,930
2021	$777,935	$686,678	$231,876	$91,257
2020	$467,004	$693,742	$101,166	$-226,738
2019	$770,028	$744,207	$345,009	$25,821
2018	$631,753	$648,523	$308,450	$-16,770

RESERVOIR ENGINEERING RESEARCH INSTITUTE