Texas Alliance of Energy Producers

Nonprofit profile at a glance

EIN
750466310
IRS 990 coverage
2013–2020
Forms available
Form 990 2020
Location
Wichita Falls, TX, USA
Phone
9407234131
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$853,537
Expenses
$858,516
Assets
$646,632
Liabilities
$49,395

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

38 people listed

Executive titles in this filing

  • JASON MODGLIN (PRESIDENT)

Highest reported compensation

  • JASON MODGLIN (PRESIDENT): $90,417 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Oil and gas industry support

What it reported doing in 2020

Seminars, meetings, newsletters and other publications bring current issues and information related to the oil and gas industry to the association's members and other interested parties.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.3%; rating input score 82
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: Pass

Sustainability

  • Operating margin: -0.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -12.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 82.3% of revenue deployed · 81.7% of spending went to programs
  • Governance: 38 of 38 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $702K in reported program spending
  • Leadership: top reported pay $90K · 38 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2013 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.