SOUTHEAST OIL AND GAS ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

PATRICK SULLICAN

Phone

6019417353

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST OIL AND GAS ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $235K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $216K left a modest 8% surplus.

Mission

TO REPRESENT THE PUBLIC POLICY INTERESTS TOWARDS THE FURTHERANCE AND SUCCESS OF THE OIL AND GAS EXPLORATION AND PRODUCTION INDUSTRY IN THE SOUTHEASTERN UNITED STATES.

Program Service Accomplishments

Program 1

TO PROMOTE OIL AND GAS INDUSTRY HEALTH AND GROWTH IN MISSISSIPPI.

Program 2

TO COMMUNICATE TO THE MEMBERS AND THE INTERESTED PUBLIC TOPICAL CURRENT AND PROPOSED OIL AND GAS POLICY ISSUES AND HOW THOSE AFFECT THE BUSINESS IN MISSISSIPPI.

Program 3

TO ADVANCE THE INTERESTS OF OIL AND GAS EXPLORATION AND PRODUCTION IN MISSISSIPPI THROUGH MEMBERSHIP RECRUITMENT, BOARD MEETINGS AND ACTIVITIES FOR ASSOCIATION MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $233,761

Program Service Revenue $0

Investment Income $0

Other Revenue $993

TOTAL REVENUE $234,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,426

Fundraising Expenses $0

Other Expenses $125,167

TOTAL EXPENSES $215,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,754	$177,000	+0.3%
Expenses	$215,593	$122,614	+0.8%
Net Income	$19,161	$54,386	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BYRD	CHAIRMAN	0.10	Director	$0	$0	$0
JOE BAUGH	VICE-CHAIRMAN	0.10	Director	$0	$0	$0
ALAN SUDDUTH	DIRECTOR	0.10	Director	$0	$0	$0
BARTON LAMPTON	DIRECTOR	0.10	Director	$0	$0	$0
CINDY MEEHL	DIRECTOR	0.10	Director	$0	$0	$0
COLBY LANE	DIRECTOR	0.10	Director	$0	$0	$0
DAN COLE	DIRECTOR	0.10	Director	$0	$0	$0
DARREN WASYLUCHA	DIRECTOR	0.10	Director	$0	$0	$0
DON CLARK	DIRECTOR	0.10	Director	$0	$0	$0
DOWNING MEARS	DIRECTOR	0.10	Director	$0	$0	$0
GEORGE RHODES	DIRECTOR	0.10	Director	$0	$0	$0
JIM MCFADYEN	DIRECTOR	0.10	Director	$0	$0	$0
JT NEWMAN	DIRECTOR	0.10	Director	$0	$0	$0
KEN FAULKNER	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN BRUCE	DIRECTOR	0.10	Director	$0	$0	$0
NATHAN MCBRIDE	DIRECTOR	0.10	Director	$0	$0	$0
RANDY JAMES	DIRECTOR	0.10	Director	$0	$0	$0
TOM MCMILLAN	DIRECTOR	0.10	Director	$0	$0	$0
PATRICK SULLIVAN	PRESIDENT	20.00	Officer	$84,000	$0	$84,000

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	No data	No data	No data	No data
2023	$234,754	$215,593	$118,765	$19,161