NATIONAL ASSOC OF ROYALTY OWNERS INC (EIN 820557944) - 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

2002

Legal Domicile

Principal Officer

JON CORKERN

Phone

9186645573

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOC OF ROYALTY OWNERS INC, founded in 2002, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $537K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTE COMMON ECONOMIC INTERESTS OF ROYALTY OWNERS REGARDING DISCOVER, DEVELOPMENT, PRODUCTION, AND USE OF OIL, GAS, AND OTHER MINERALS-DEVELOP AND PROVIDE MEMBERS AND THE PUBLIC WITH INFORMATION CONCERNING CONSERVATION OF ENERGY

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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 $185,390

Program Service Revenue $292,535

Investment Income $6

Other Revenue $0

TOTAL REVENUE $477,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,680

Fundraising Expenses $0

Other Expenses $346,205

TOTAL EXPENSES $536,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,931	$423,439	+0.1%
Expenses	$536,885	$501,332	+0.1%
Net Income	$-58,954	$-77,893	-0.2%

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

$90,467

Total Directors

$90,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON CORKERN	EXECUTIVE DIRECTOR	40.00	Officer Director	$90,467	$0	$90,467
JIMMY WRIGHT	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DAN HAAKE	DIRECTOR	2.00	Director	$0	$0	$0
ED HAZZARD	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE PACE	DIRECTOR	2.00	Director	$0	$0	$0
MATT SANDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATY ALVEN	DIRECTOR	2.00	Director	$0	$0	$0
DIANA FRAZIER	DIRECTOR	2.00	Director	$0	$0	$0
BARRY BROWNE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM MILLESON	DIRECTOR	2.00	Director	$0	$0	$0
REAGAN BRADFORD	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
DAN DEVITT	DIRECTOR	2.00	Director	$0	$0	$0
JASON FITZGERALD	SECRETARY	2.00	Officer Director	$0	$0	$0
WALT LOTSPEICH	DIRECTOR	2.00	Director	$0	$0	$0
KELLEY HAGGERTY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT MANNING	DIRECTOR	2.00	Director	$0	$0	$0
ZACH SPIVEY	DIRECTOR	2.00	Director	$0	$0	$0
ROB PRENTICE	DIRECTOR	2.00	Director	$0	$0	$0
LANA MCGEE STRAUB	DIRECTOR	2.00	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	$477,931	$536,885	$106,805	$-58,954
2023	$423,439	$501,332	$181,511	$-77,893
2022	$389,352	$369,375	$251,149	$19,977
2021	$396,456	$341,644	$248,341	$54,812
2020	$319,347	$278,676	$204,199	$40,671
2019	$466,220	$528,583	$162,527	$-62,363
2018	$512,975	$512,289	$236,804	$686

NATIONAL ASSOC OF ROYALTY OWNERS INC