Midland Energy Library Inc
Nonprofit profile at a glance
- EIN
- 751985827
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Midland, TX, USA
- Phone
- 4326838057
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $342,846
- Expenses
- $366,048
- Assets
- $1,430,204
- Liabilities
- $23,106
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ALAN LEFEVER (President)
- ERIN VAN EVERA-WELCH (Vice President)
People named in this filing
- DAVID DALLY (Treasurer)
- NICK MASTEN (Director)
- POLLY FLEISCHMANN (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To collect, preserve, catalog and exhibit scientific, geological and engineering data gathered by the petroleum industry - to be a working library for use by industry professionals, educators, students and other members of the interested public.
What it reported doing in 2024
The entity is a geological library and conducts normal library operations including preserving and making available one of a kind data for use in the exploration for oil and gas and certain mineral resources within the permian basin. The library estimates that it benefits 125-225 people a month.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 83
- Accountability: 82
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 78.2%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.8%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 3.91; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -3.6% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -5.1% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 80.6% of revenue deployed · 78.2% of spending went to programs
- Governance: 13 of 13 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $286K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.