WPC ORGANIZING COMMITTEE

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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

2018

Legal Domicile

Principal Officer

MICHAEL HECKMAN

Phone

7134807652

Tax Period

2023-01-01 to 2023-12-31

Mission

TO DESIGN AND DELIVER COMPELLING ENGAGEMENT, EXCEPTIONAL HOSPITALITY AND EASE OF ACCESS TO EVERY WORLD PETROLEUM CONGRESS DELEGATE WHILE PROUDLY TELLING THE HOUSTON STORY TO THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $10,854

PROGRAM EXPENSES IN 2023 FOR THE 23RD WORLD PETROLEUM CONGRESS, A TECHNICAL CONFERENCE, TAKING PLACE IN DECEMBER 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $10,854

Other Expenses $4,854

TOTAL EXPENSES $10,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$2,188,121	-1.0%
Expenses	$10,854	$1,151,591	-1.0%
Net Income	N/A	$1,036,530	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HECKMAN	PRESIDENT AND CEO	5.00	Officer 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
2023	No data	$10,854	No data	No data
2022	$2,188,121	$1,151,591	$12,950	$1,036,530
2021	$17,858,109	$10,183,519	$4,771,928	$7,674,590
2020	$3,002,102	$5,692,222	$6,870,530	$-2,690,120
2019	$2,492,424	$8,447,254	$7,981,617	$-5,954,830