NORTH DAKOTA PETROLEUM FOUNDATION

EIN: 831389235 501(c)(3)

BISMARCK, ND

Total Revenue
$2,371,858
Total Expenses
$1,714,170
Total Assets
$1,054,350
Net Assets
$1,054,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
ND
Principal Officer
RON NESS
Phone
7012236380
Tax Period
2024-01-01 to 2024-12-31

NORTH DAKOTA PETROLEUM FOUNDATION, founded in 2018, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $658K, a strong 28% operating margin.

Mission

TO PROVIDE SUPPORT, EDUCATION AND OUTREACH OPPORTUNITIES RELATED TO THE PETROLEUM INDUSTRY, DEVELOP AND ADVANCE QUALIFTY OF LIFE INITIATIVES, AND PROMOTE AND ENHANCE THE CONSERVATION HERITAGE OF NORTH DAKOTA.

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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 $1,437,708
Program Service Revenue $699,194
Investment Income $13,327
Other Revenue $221,629
TOTAL REVENUE $2,371,858

Expense Breakdown

Grants Paid $16,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,688,767
Other Expenses $1,697,670
TOTAL EXPENSES $1,714,170

Year-over-Year Comparison

2024 2023 Change
Revenue $2,371,858 $1,175,348 +1.0%
Expenses $1,714,170 $1,296,277 +0.3%
Net Income $657,688 $-120,929 -6.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
250

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
$493,023
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HERMAN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JOSH DEMORRETT CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL KUKUK BOARD MEMBER (STARTED 9/2024) 1.00
Director
$0 $0 $0
HEATHER STEFFES BOARD MEMBER 1.00
Director
$0 $0 $0
ZACH WEIS BOARD MEMBER 1.00
Director
$0 $0 $0
KATE KLOSSNER BOARD MEMBER 1.00
Director
$0 $0 $0
WHITNEY STEPHENSON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN KELLY BOARD MEMBER (3/2024 - 9/2024) 1.00
Director
$0 $0 $0
JOEL NOYES VICE CHAIRMAN (LEFT 3/2024) 1.00
Officer Director
$0 $0 $0
TESSA SANDSTROM EXECUTIVE DIRECTOR 30.00
Officer
$0 $12,023 $119,279
RON NESS CEO 1.00
Officer
$0 $46,000 $373,744
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 $2,371,858 $1,714,170 $1,054,350 $657,688
2023 $1,175,348 $1,296,277 $389,369 $-120,929
2022 $1,306,415 $1,141,529 $507,989 $164,886
2021 $618,391 $548,481 $368,193 $69,910
2020 $433,336 $508,589 $309,974 $-75,253
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