RESERVOIR ENGINEERING RESEARCH INSTITUTE

EIN: 770238044 501(c)(3) Science & Technology

PALO ALTO, CA

Total Revenue
$542,427
Total Expenses
$683,784
Total Assets
$229,486
Net Assets
$-259,435
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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
CA
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.

Program Service Accomplishments

Program 1
Expenses: $579,521

RESEARCH PROJECTS ARE DIVIDED INTO TWO MAIN CATAGORIES:THERMODYNAMICS AND FLUID FLOW.IRREVERSABLE THERMODYNAMICS, INTERFACIAL THERMODYNAMICS AND BULK PHASE EQUILIBRIUM THERMODYNAMICS COVER RESEARCH...

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RESEARCH PROJECTS ARE DIVIDED INTO TWO MAIN CATAGORIES:THERMODYNAMICS AND FLUID FLOW.IRREVERSABLE THERMODYNAMICS, INTERFACIAL THERMODYNAMICS AND BULK PHASE EQUILIBRIUM THERMODYNAMICS COVER RESEARCH PROJECTS RELATED TO KINETICS OF HYDRATE, WAX AND ASPHALTENE PRECIPITATION AND DESPOSITION, COMPOSITIONAL VARIATION IN HYDROCARBON RESERVOIRS AND GAS CONDENSATE RESERVOIRS.

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
6
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
1
$115,029
Total Directors
6
$115,029
Key Employees
0
$0
Highest Compensated
0
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
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