NATIONAL ASSOC OF ROYALTY OWNERS INC

EIN: 820557944

SPRING, TX

Total Revenue
$477,931
Total Expenses
$536,885
Total Assets
$106,805
Net Assets
$88,635
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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
OK
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

Program Service Accomplishments

Program 1

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

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PROMOTE COMMON ECONOMIC INTERESTS OF ROYALTY OWNERS REGARDING DISCOVERY, 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%)

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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

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Governance

Voting Members
21
Independent Members
21
Employees
3
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
5
$90,467
Total Directors
21
$90,467
Key Employees
0
$0
Highest Compensated
0
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
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