Petroleum Club Of Midland
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,206,226 | 3,954,381 | 251,845 | 15.7 | 13% |
| 2012 | 4,856,383 | 4,435,659 | 420,724 | 15.4 | 16% |
| 2013 | 5,206,124 | 4,746,952 | 459,172 | 16.3 | 7% |
| 2014 | 5,621,219 | 5,098,939 | 522,280 | 16.8 | 15% |
| 2015 | 5,336,075 | 5,250,643 | 85,432 | 16.5 | 14% |
| 2016 | 4,899,563 | 4,897,268 | 2,295 | 17.7 | 15% |
| 2017 | 4,445,543 | 4,655,034 | −209,491 | 22.3 | 15% |
| 2018 | 5,949,709 | 5,726,464 | 223,245 | 19.4 | 13% |
| 2019 | 6,481,399 | 6,524,786 | −43,387 | 17.1 | 15% |
| 2020 | 4,525,020 | 5,380,128 | −855,108 | 18.9 | 12% |
| 2021 | 4,595,525 | 5,400,180 | −804,655 | 17.7 | 12% |
| 2022 | 5,431,861 | 5,250,608 | 181,253 | 18.1 | 48% |
| 2023 | 6,253,963 | 5,276,744 | 977,219 | 19.9 | 49% |
In its most recent public year (2023), this organization brought in $977,219 more than it spent. Its reserves stood at about 19.9 months of spending, up from 15.7 in 2011. Staff pay was 49% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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