WESTERN STATES PETROLEUM ASSOCIATION (EIN 950596680) - 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

1907

Legal Domicile

Principal Officer

JODIE MULLER

Phone

5309067787

Tax Period

2024-01-01 to 2024-12-31

WESTERN STATES PETROLEUM ASSOCIATION, founded in 1907, is a mid-sized nonprofit that reported $54.2M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $50.4M left a modest 7% surplus.

Mission

WSPA REPRESENTS COMPANIES INVOLVED IN THE PETROLEUM AND NATURAL GAS INDUSTRY.

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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 $0

Program Service Revenue $53,913,575

Investment Income $252,175

Other Revenue $38,083

TOTAL REVENUE $54,203,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,306,198

Fundraising Expenses $0

Other Expenses $40,087,758

TOTAL EXPENSES $50,393,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,203,833	$36,052,448	+0.5%
Expenses	$50,393,956	$35,031,870	+0.4%
Net Income	$3,809,877	$1,020,578	+2.7%

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

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

$2,367,772

Total Directors

$990,042

Key Employees

$702,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE REHEIS-BOYD	EX-OFFICIO	40.00	Officer Director	$923,259	$66,783	$990,042
JODIE MULLER	SENIOR VP GOVT AFFAIRS	40.00	Officer	$457,216	$65,577	$522,793
STEVE SLAKEY	CHIEF FINANICAL OFFICER	40.00	Officer	$343,892	$93,340	$437,232
SOPHIE ELLINGHOUSE	VP GENERAL COUNCIL	40.00	Officer	$320,030	$97,675	$417,705
PAUL DEIRO	SENIOR DIRECTOR, CA POLICY	40.00	Highest	$283,370	$91,548	$374,918
KEVIN SLAGLE	VP STRATEGIC COMM	40.00	Key Emp	$276,572	$93,603	$370,175
TANYA DERIVI	SENIOR DIRECTOR, CLIMATE	40.00	Highest	$288,041	$69,416	$357,457
SUZANNE NOBLE	SENIOR DIRECTOR, PRODUCTION	40.00	Highest	$281,241	$67,779	$349,020
JESSICA SPIEGEL	VP NORTHWEST REGION	40.00	Key Emp	$267,130	$65,550	$332,680
WILL FERRARI	DIRECTOR, INFORMATION TECHNOLOGY	40.00	Highest	$253,395	$62,954	$316,349
BRAD LEVI	CHAIR	0.10	Officer Director	$0	$0	$0
MIKE VOMUND	VICE CHAIR	0.10	Officer Director	$0	$0	$0
FERNANDO ARAUJO	DIRECTOR	0.10	Director	$0	$0	$0
LYNN ARGIANAS	DIRECTOR	0.10	Director	$0	$0	$0
ERIK BARTSCH	DIRECTOR (LEFT 07/2024)	0.10	Director	$0	$0	$0
SARAH EFLAND	DIRECTOR	0.10	Director	$0	$0	$0
NATHAN FRANKA	DIRECTOR	0.10	Director	$0	$0	$0
CHRIS GALLO	DIRECTOR	0.10	Director	$0	$0	$0
RICH HARBISON	DIRECTOR (LEFT 03/2024)	0.10	Director	$0	$0	$0
ERIC HONEYMAN	DIRECTOR	0.10	Director	$0	$0	$0
FRANCISCO LEON	DIRECTOR	0.10	Director	$0	$0	$0
ERIC LOCKWOOD	DIRECTOR (LEFT 04/2024)	0.10	Director	$0	$0	$0
JERRY MILLER	DIRECTOR (LEFT 11/2024)	0.10	Director	$0	$0	$0
TREM SMITH	DIRECTOR (LEFT 01/2024)	0.10	Director	$0	$0	$0
DREW SPENCE	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW TROSKE	DIRECTOR	0.10	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	$54,203,833	$50,393,956	$16,493,191	$3,809,877
2023	$36,052,448	$35,031,870	$13,117,019	$1,020,578
2022	$31,292,886	$31,834,395	$12,851,418	$-541,509
2021	$30,827,581	$29,532,292	$8,481,739	$1,295,289
2020	$33,413,194	$29,546,023	$12,867,803	$3,867,171
2019	$27,098,669	$28,429,838	$7,068,800	$-1,331,169
2018	$27,492,091	$27,076,157	$8,437,965	$415,934

WESTERN STATES PETROLEUM ASSOCIATION