American Association of Petroleum Geologists
Nonprofit profile at a glance
- EIN
- 730125920
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Tulsa, OK, USA
- Phone
- 9185842555
- Rating confidence
- Limited
Reported finances
- Revenue
- $16,277,338
- Expenses
- $15,303,411
- Assets
- $19,877,130
- Liabilities
- $6,849,680
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- GRETCHEN GILLIS (PRESIDENT)
- STEVEN GOOLSBY (PRESIDENT-ELECT)
- DAVID K CURTISS (EXECUTIVE DIRECTOR)
Highest reported compensation
- DAVID K CURTISS (EXECUTIVE DIRECTOR): $490,035 total reported compensation
- ALAN T WEGENER (DIRECTOR OF GLOBAL EXPERIE): $294,357 total reported compensation
- BRYAN A HAWS (CONTROLLER): $234,553 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The american association of petroleum geology is a scientific organization dedicated to the advancement of the science of petroleum geology.
What it reported doing in 2024
Education seminars - to promote education and provide a forum for dissemination of current developments within the field of petroleum geology and for the advancement of the science of petroleum geology.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 49
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 4th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Pass
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 55.3%; rating input score 55; 12th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.3; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $490K · 12 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $558K reported
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Grant itemization coverage scored 55/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.