MLBC FOUNDATION (EIN 833005664) - 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

2018

Legal Domicile

Principal Officer

AARON YOST

Phone

3045988000

Tax Period

2020-07-01 to 2021-06-30

MLBC FOUNDATION, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $14K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $12K left a modest 14% surplus.

Mission

THE MLBC FOUNDATION IS A SECTION 501(C)(3) NONPROFIT CORPORATION OF THE INTERNAL REVENUE CODE AND WAS FORMED TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MICHAEL LATE BENEDUM CHAPTER OF THE AMERICAN ASSOCIATION OF PROFESSIONAL LANDMEN (MLBC-AAPL). THE MISSION OF THE MLBC FOUNDATION IS TO ENCOURAGE ITS MEMBERS TO ENGAGE WITH THEIR COMMUNITIES THROUGHOUT THE APPALACHIAN BASIN BY MEANS OF CHARITABLE EVENTS AND ACTIVITIES THAT SUPPORT THOSE IN NEED. ADDITIONALLY, THE MLBC FOUNDATION PROVIDES EDUCATIONAL PROGRAMS AND SCHOLARSHIP OPPORTUNITIES DESIGNED TO FOSTER INTEREST IN AND PROMOTE THE OIL, GAS AND OTHER ENERGY INDUSTRIES IN OUR REGION. THE MLBC FOUNDATION IS AN ORGANIZATION FOR LAND PROFESSIONALS WHO CARE, NOT JUST ABOUT THE LAND, BUT FOR THE PEOPLE AND COMMUNITIES THAT DEFINE IT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $14,310

TOTAL REVENUE $14,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,383

Other Expenses $12,264

TOTAL EXPENSES $12,264

Year-over-Year Comparison

	2020	2019	Change
Revenue	$14,310	$49,900	-0.7%
Expenses	$12,264	N/A	N/A
Net Income	$2,046	$49,900	-1.0%

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

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
CECIL RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN NIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY PRESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON YOST	PRESIDENT	1.00	Officer	$0	$0	$0
CHRISTA DOTSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JEREMY WHITE	SECRETARY	1.00	Officer	$0	$0	$0
BRITANY CROOKSHANKS	TREASURER	1.00	Officer	$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
2021	$14,310	$12,264	$51,946	$2,046
2020	$49,900	No data	$49,900	No data

MLBC FOUNDATION