INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO

EIN: 850267696

ROSWELL, NM

Total Revenue
$450,103
Total Expenses
$533,627
Total Assets
$511,606
Net Assets
$511,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NM
Principal Officer
JARED HEMBREE
Phone
5756222566
Tax Period
2023-01-01 to 2023-12-31

INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO, founded in 1978, is a small nonprofit that reported $450K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $534K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE A COMMON ASSOCIATION OF INDEPENDENT PRODUCERS OF OIL, GAS AND OTHER HYDROCARBONS AND RELATED INDUSTRIES THAT PROMOTES THE MAINTENANCE AND INTEGRITY OF OUR NATURAL RESOURCES. THE ASSOCIATION PROVIDES ITS MEMBERS WITH CRUCIAL INFORMATION AND PRESENTATION ON CURRENT AND PROPOSED LEGISLATION AND REGULATION AT STATE AND FEDERAL LEVELS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,668
Program Service Revenue $262,488
Investment Income $3,947
Other Revenue $0
TOTAL REVENUE $450,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $445,151
Other Expenses $533,627
TOTAL EXPENSES $533,627

Year-over-Year Comparison

2023 2022 Change
Revenue $450,103 $704,468 -0.4%
Expenses $533,627 $444,645 +0.2%
Net Income $-83,524 $259,823 -1.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
38
Independent Members
38
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
5
$0
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JARED HEMBREE PRESIDENT N/A
Officer Director
$0 $0 $0
NICK PIATEK NW VICE PRES N/A
Officer Director
$0 $0 $0
EMMONS YATES SE VICE PRES N/A
Officer Director
$0 $0 $0
MITCH KRAKAUSKAS SECRETARY TR N/A
Officer Director
$0 $0 $0
ALEX CAMPBELL PAST PRESIDE N/A
Officer Director
$0 $0 $0
JOHN ALEXANDER DIRECTOR N/A
Director
$0 $0 $0
JOSH LAMBERTON DIRECTOR N/A
Director
$0 $0 $0
NICK MCCLELLAND DIRECTOR N/A
Director
$0 $0 $0
REID EDWARDS DIRECTOR N/A
Director
$0 $0 $0
JUSTIN MCCLELLAND DIRECTOR N/A
Director
$0 $0 $0
RYAN DAVIS DIRECTOR N/A
Director
$0 $0 $0
TOM MULLINS DIRECTOR N/A
Director
$0 $0 $0
RON HILLMAN DIRECTOR N/A
Director
$0 $0 $0
RANDALL HUDSON DIRECTOR N/A
Director
$0 $0 $0
ED LAUER DIRECTOR N/A
Director
$0 $0 $0
RORY MCMINN DIRECTOR N/A
Director
$0 $0 $0
ROBERT G ARMSTRONG DIRECTOR N/A
Director
$0 $0 $0
TUCKER BAYLESS DIRECTOR N/A
Director
$0 $0 $0
RICHARD GILLILAND DIRECTOR N/A
Director
$0 $0 $0
FRANK GORHAM DIRECTOR N/A
Director
$0 $0 $0
JEFF HARVARD DIRECTOR N/A
Director
$0 $0 $0
T GREG MERRION DIRECTOR N/A
Director
$0 $0 $0
MARK MURPHY DIRECTOR N/A
Director
$0 $0 $0
GREG NIBERT DIRECTOR N/A
Director
$0 $0 $0
GLEN PAPP DIRECTOR N/A
Director
$0 $0 $0
LARRY SCOTT DIRECTOR N/A
Director
$0 $0 $0
JOHN THOMPSON DIRECTOR N/A
Director
$0 $0 $0
PAUL THOMPSON DIRECTOR N/A
Director
$0 $0 $0
GEORGE YATES DIRECTOR N/A
Director
$0 $0 $0
FRANK YATES DIRECTOR N/A
Director
$0 $0 $0
KRISTA MCWILLIAMS DIRECTOR N/A
Director
$0 $0 $0
HANSON YATES DIRECTOR N/A
Director
$0 $0 $0
SAM SHIVERICK DIRECTOR N/A
Director
$0 $0 $0
JIM WINCHESTER EXECUTIVE DI N/A
Director
$0 $0 $0
JOHN BYROM DIRECTOR N/A
Director
$0 $0 $0
CLAIRE CHASE DIRECTOR N/A
Director
$0 $0 $0
PEYTON YATES DIRECTOR N/A
Director
$0 $0 $0
JOHN THOMAS DIRECTOR N/A
Director
$0 $0 $0
KYLE ARMSTRONG DIRECTOR N/A
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 $450,103 $533,627 $511,606 $-83,524
2022 $704,468 $444,645 $577,787 $259,823
2021 $439,480 $447,321 $353,944 $-7,841
2020 $243,907 $312,045 $354,176 $-68,138
2019 $389,077 $368,400 $413,416 $20,677
2018 $343,225 $416,044 $392,739 $-72,819
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