Oilfield Nextgen

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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

2020

Legal Domicile

Principal Officer

Adam Burris

Phone

2817963590

Tax Period

2023-01-01 to 2023-12-31

Oilfield Nextgen, founded in 2020, is a small nonprofit in the Education sector that reported $123K in total revenue in fiscal year 2023. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

Educate todays youth about the employment opportunities in the oil field industry as well as trade schools options and assistance.

Program Service Accomplishments

Program 1

Expenses: $66,433

Educate todays youth about the employment opportunities in the oil field industry as well as trade schools options and assistance.

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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 $119,271

Program Service Revenue $0

Investment Income $0

Other Revenue $3,624

TOTAL REVENUE $122,895

Expense Breakdown

Grants Paid $27,432

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,433

Other Expenses $61,620

TOTAL EXPENSES $89,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,895	N/A	N/A
Expenses	$89,052	N/A	N/A
Net Income	$33,843	N/A	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

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
Adam Burris	COB	2.00	Officer Director	$0	$0	$0
Brian Cook	President	2.00	Officer Director	$0	$0	$0
Jason Arcemont	Vice President	2.00	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
2024	No data	No data	No data	No data
2023	$122,895	$89,052	$36,925	$33,843