HORIZONTAL DIRECTIONAL DRILLING AS… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

DON RIGGS

Phone

7138302184

Tax Period

2024-01-01 to 2024-12-31

HORIZONTAL DIRECTIONAL DRILLING ASSOCIATION, founded in 2022, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 39% operating margin.

Mission

HDDA STRIVES TO PROMOTE HORIZONTAL DIRECTIONAL DRILLING FOR THE UTILITY AND PIPELINE INDUSTRY. OUR GOALS ARE TO EDUCATE ENTITIES ON THE BENEFITS OF HDD, FIGHT REGULATIONS THAT HINDER OUR INDUSTRY, AND IMPROVE THE HDD INDUSTRY THROUGH SAFETY AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $51,321 Revenue: $72,100

HELD CONFERENCES FOR THE HORIZONTAL DIRECTIONAL DRILLING INDUSTRY PERSONNEL TO TRAIN ON EDUCATIONAL AND SAFETY ISSUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $90,833

Program Service Revenue $72,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,321

Other Expenses $98,997

TOTAL EXPENSES $98,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,933	$85,853	+0.9%
Expenses	$98,997	$51,958	+0.9%
Net Income	$63,936	$33,895	+0.9%

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
DON RIGGS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT MYERS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSH TUCKER	TREASURER	5.00	Officer Director	$0	$0	$0
JIM CLOUD	SECRETARY	5.00	Officer Director	$0	$0	$0
CORY BAKER	BOARD MEMBER	5.00	Director	$0	$0	$0
BOYD SIMONS	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT CARPENTER	APPOINTED BOD ADVISOR	5.00	Director	$0	$0	$0
GRADY BELL	APPOINTED BOD ADVISOR	5.00	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	$162,933	$98,997	$97,831	$63,936
2023	$85,853	$51,958	$33,895	$33,895

HORIZONTAL DIRECTIONAL DRILLING ASSOCIATION