Natural Gas Society of the Permian Basin

Nonprofit profile at a glance

EIN
752255233
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Midland, TX, USA
Phone
4324131589
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$63,471
Expenses
$57,837
Assets
$22,518

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • LEWIS HINOJOS (Vice President)
  • BRAD YARBROUGH (PAST PRESIDENT)
  • BRITTANY JOHNSON (President)

People named in this filing

  • LEWIS HINOJOS (Vice President)
  • COLE ATTEBERRY (Director)
  • KATHERINE COLEMAN (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Natural Gas Society of the Permian Basins purpose is to advance the natural gas industry and the professional development of its members by providing educational and technical programs, fostering networking and social connections, promoting awareness of legislative issues, and supporting future energy professionals through scholarships and community engagement.

What it reported doing in 2024

The natural gas society of the permian basin ("ngspb") exists to connect and professionally develop members through educational, legislative, social, and technical events. Working in all facets of the natural gas and energy industries, our members are what make us unique. Ngspb offers members the opportunity to connect with individuals working in a variety of different positions for organizations large and small.ngspb membership consists of over sixty individuals from over fifty companies in the permian basin. Ngspb holds luncheons throughout the year for its members featuring guest speakers that cover numerous topics such as natural gas market trends, regulatorty updates and safety practices.each year, ngspb raises funds through its membership drive, monthly luncheons and sponsored golf tournament to support its general scholarship fund. This year, ngspb granted $24,750 in academic scholarships to seven students to encourage and support their education.this year, ngspb held a clay shoot that engaged over 200 industry professionals in a day of networking and philanthropy. Proceeds from the event enabled ngspb to donate $31,000 to a local 501(c)(3) organization addressing food insecurity among economically disadvantaged students in the community.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 96.4%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 8.9%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 41.2% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 29.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 20.7% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 96.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2019 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.

  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.