PETROLEUM ACCOUNTANTS SOCIETY OF MS

EIN: 821810601 Community Improvement

MADISON, MS

Total Revenue
$14,996
Total Expenses
$14,340
Total Assets
$33,107
Net Assets
$33,107
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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
2017
Legal Domicile
MS
Principal Officer
CATHERINE K NAUGHTON PEYT
Phone
6017078220
Tax Period
2022-07-01 to 2023-06-30

PETROLEUM ACCOUNTANTS SOCIETY OF MS, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $15K in total revenue in fiscal year 2022. Revenue surged 133% from the prior year, signaling strong growth momentum. Expenses of $14K left a modest 4% surplus.

Mission

THE SOCIETY SUPPORTS IT'S MEMBERS BY:1. ADVANCING PETROLEUM ACCOUNTING AND AUDITING;2. FURTHERING THE DEVELOPMENT OF IMPROVED ACCOUNTING METHODS, PROCESSES AND PROCEDURES;3. THE SUPPORT AND INVOLVEMENT IN DEVELOPMENT OF COPAS MODEL FORM ACCOUNTING PROCEDURES;4. CONTINUING TO ADVANCE THE STANDING OF THE PROFESSION OF PETROLEUM ACCOUNTING;5. PRESERVE AND ENFORCE THE ETHICS OF THE PROFESSION OF PETROLEUM ACCOUNTING; 6. PROVIDE SOCIAL NETWORKING OPPORTUNITIES FOR PETROLEUM ACCOUNTANTS AND CPAS WHO WORK WITH COMPANIES AFFILIATED WITH THE OIL AND GAS INDUSTRY; AND7. PROVIDE EDUCATIONAL OPPORTUNITIES FOR INDIVIDUALS AND FIRMS DOING ACCOUNTING AND AUDITING WORK FOR COMPANIES AND INDIVIDUALS WITH OIL AND GAS INTERESTS AND/OR OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,980
Program Service Revenue $0
Investment Income $16
Other Revenue $0
TOTAL REVENUE $14,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,340
Other Expenses $14,340
TOTAL EXPENSES $14,340

Year-over-Year Comparison

2022 2021 Change
Revenue $14,996 $6,441 +1.3%
Expenses $14,340 $6,979 +1.1%
Net Income $656 $-538 -2.2%
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
9
Independent Members
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN RUSHING PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM WITHERS V VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
JACKIE WHITEHEAD TREASURER 0.50
Officer Director
$0 $0 $0
CATHERINE K NAUGHTON PEYTON DIRECTOR 1.00
Director
$0 $0 $0
OSCAR HARTMAN DIRECTOR 0.50
Director
$0 $0 $0
MORGAN GEOGHAGAN DIRECTOR 0.50
Director
$0 $0 $0
NINA MORGAN DIRECTOR 0.50
Director
$0 $0 $0
DANIEL WRIGHT DIRECTOR 0.50
Director
$0 $0 $0
KEVIN JACKSON DIRECTOR 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $14,996 $14,340 $33,107 $656
2022 $6,441 $6,979 $32,451 $-538
2021 $6,890 $5,342 $32,989 $1,548
2020 $16,974 $8,980 $31,441 $7,994
2019 $175,526 $177,081 $23,447 $-1,555
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