Texas Oil And Gas Association Inc
Texas Oil And Gas Association shows consistent revenue growth and asset accumulation, with a recent significant increase in liabilities.
EIN: 204669692 · Austin, TX · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.5M |
| Total Expenses | $8.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $13.0M |
| Transparency Score | 75/100 |
Is Texas Oil And Gas Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Texas Oil And Gas Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Texas Oil And Gas Association Inc
Texas Oil And Gas Association Inc (EIN: 204669692) is a nonprofit organization based in Austin, TX, classified under NTEE code S41. The organization reported total revenue of $9.5M and total assets of $13.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texas Oil And Gas Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texas Oil And Gas Association Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $8.3M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $13.0M |
| Total Liabilities | $7K |
| Net Assets | $13.0M |
| Operating Margin | 15.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Texas Oil And Gas Association Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Texas Oil And Gas Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.3% | +15.8% | +13.4% |
| 2022 | +11.3% | -0.2% | +5.4% |
| 2021 | -11.7% | +5.3% | -2.0% |
| 2020 | -17.3% | -8.7% | +10.4% |
| 2019 | +23.9% | +20.1% | +25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Texas Oil And Gas Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Texas Oil And Gas Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive salaries are either not paid, or are categorized differently, which could obscure the true cost of leadership relative to the organization's size and revenue of nearly $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Texas Oil And Gas Association Inc's IRS 990 filings:
- Significant unexplained increase in liabilities to $6,769,000 in 2023.
- Consistent reporting of 0% officer compensation, which may obscure true leadership costs.
Strengths
The following positive indicators were identified for Texas Oil And Gas Association Inc:
- Consistent revenue growth, from $5.58M in 2014 to $9.85M in 2023.
- Strong asset accumulation, growing from $4.51M in 2014 to $13.05M in 2023.
- Consistent operational surpluses, with revenues generally exceeding expenses.
- Long history of IRS 990 filings (13 filings), indicating compliance.
Frequently Asked Questions about Texas Oil And Gas Association Inc
Is Texas Oil And Gas Association Inc a legitimate charity?
Texas Oil And Gas Association Inc (EIN: 204669692) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Texas Oil And Gas Association Inc spend its money?
Texas Oil And Gas Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Texas Oil And Gas Association Inc tax-deductible?
Texas Oil And Gas Association Inc is registered as a tax-exempt nonprofit (EIN: 204669692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Texas Oil And Gas Association Inc CEO make?
Texas Oil And Gas Association Inc's highest-compensated officer earns $10 annually. The organization reported $9.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Texas Oil And Gas Association Inc's spending goes to programs?
Texas Oil And Gas Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Texas Oil And Gas Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Texas Oil And Gas Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Texas Oil And Gas Association Inc located?
Texas Oil And Gas Association Inc is headquartered in Austin, Texas and files with the IRS under EIN 204669692. It is classified under NTEE code S41.
How many years of IRS 990 filings does Texas Oil And Gas Association Inc have?
Texas Oil And Gas Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.5M in total revenue.
What caused the significant increase in liabilities to $6,769,000 in 2023, up from $17,565 in 2022?
The provided data does not specify the nature of this liability increase. It is a critical area for further inquiry to understand its impact on the organization's financial stability.
How does the organization manage executive compensation if 0% is reported for officers?
The 0% officer compensation reported across all filings suggests that either no compensation is paid to officers, or it is reported under other expense categories, which would require reviewing the full 990 form for clarity.
What are the specific program service accomplishments and expenses for the Texas Oil And Gas Association Inc?
While the organization shows consistent revenue and asset growth, the provided data does not detail specific program service accomplishments or a granular breakdown of program expenses. This information would be found in the full IRS 990 filing.
What is the organization's strategy for managing its growing asset base of over $13 million?
The organization has consistently grown its assets, indicating strong financial management. Further details on investment strategies or asset utilization would be available in the full financial statements.
Filing History
IRS 990 filing history for Texas Oil And Gas Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Texas Oil And Gas Association Inc's revenue has grown by 197.4%, moving from $3.3M to $9.8M. Total assets increased by 287.9% over the same period, from $3.4M to $13.0M. Total functional expenses rose by 165%, from $3.1M to $8.3M. In its most recent filing year (2023), Texas Oil And Gas Association Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $7K in liabilities against $13.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.8M | $8.3M | $13.0M | $7K | — | — |
| 2022 | $7.7M | $7.2M | $11.5M | $18K | — | View 990 |
| 2021 | $6.9M | $7.2M | $10.9M | $0 | — | View 990 |
| 2020 | $7.9M | $6.8M | $11.1M | $550 | — | View 990 |
| 2019 | $9.5M | $7.5M | $10.1M | $1K | — | — |
| 2018 | $7.7M | $6.2M | $8.0M | $0 | — | View 990 |
| 2017 | $6.1M | $5.4M | $6.6M | $0 | — | View 990 |
| 2016 | $6.3M | $5.1M | $5.8M | $0 | — | View 990 |
| 2015 | $5.9M | $5.8M | $4.6M | $2K | — | View 990 |
| 2014 | $5.6M | $5.9M | $4.5M | $0 | — | View 990 |
| 2013 | $5.3M | $5.4M | $4.9M | $0 | — | View 990 |
| 2012 | $6.0M | $5.8M | $4.9M | $0 | — | View 990 |
| 2011 | $3.3M | $3.1M | $3.4M | $500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.8M, expenses of $8.3M, and assets of $13.0M (revenue +27.3% year-over-year).
- 2022: Revenue of $7.7M, expenses of $7.2M, and assets of $11.5M (revenue +11.3% year-over-year).
- 2021: Revenue of $6.9M, expenses of $7.2M, and assets of $10.9M (revenue -11.7% year-over-year).
- 2020: Revenue of $7.9M, expenses of $6.8M, and assets of $11.1M (revenue -17.3% year-over-year).
- 2019: Revenue of $9.5M, expenses of $7.5M, and assets of $10.1M (revenue +23.9% year-over-year).
- 2018: Revenue of $7.7M, expenses of $6.2M, and assets of $8.0M (revenue +25.9% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.4M, and assets of $6.6M (revenue -3.1% year-over-year).
- 2016: Revenue of $6.3M, expenses of $5.1M, and assets of $5.8M (revenue +6.6% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.8M, and assets of $4.6M (revenue +5.8% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.9M, and assets of $4.5M (revenue +4.8% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.4M, and assets of $4.9M (revenue -10.8% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.8M, and assets of $4.9M (revenue +80.5% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.1M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texas Oil And Gas Association Inc:
Data Sources and Methodology
This transparency report for Texas Oil And Gas Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.