HENDRICKS COLLEGE NETWORK

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

BRANDY PERRILL

Phone

3177624338

Tax Period

2024-01-01 to 2024-12-31

HENDRICKS COLLEGE NETWORK, founded in 2002, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $411K left a modest 3% surplus.

Mission

THE MISSION OF HENDRICKS COLLGE NETWORK IS TO PROVIDE UNLIMITED POST SECONDARY EDUCATIONAL OPPORTUNITIES TO HENDRICKS COUNTY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $410,602 Revenue: $5,421

HENDRICKS COLLEGE NETWORK PROVIDED DIRECT ACCESS TO COLLEGE PROGRAMS, BUSINESS TRAININGS AND LIFELONG LEARNING OPPORTUNITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $394,074

Program Service Revenue $5,421

Investment Income $25,039

Other Revenue $0

TOTAL REVENUE $424,534

Expense Breakdown

Grants Paid $4,809

Salaries & Benefits $214,471

Fundraising Expenses $0

Program Expenses $410,602

Other Expenses $191,322

TOTAL EXPENSES $410,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,534	$340,021	+0.2%
Expenses	$410,602	$312,589	+0.3%
Net Income	$13,932	$27,432	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$83,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BLACKETER	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY HESSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT SCHWANEKAMP	BOARD MEMBER	2.00	Director	$0	$0	$0
DR TRACEY R SHAFER	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY STEUERWALD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
DON HODSON	SECRETARY	2.00	Officer Director	$0	$0	$0
LIZ WALKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUG SISK	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDY PERRILL	NON-VOTING EXECUTIVE DIREC	40.00	Officer	$83,581	$0	$83,581

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$424,534	$410,602	$909,605	$13,932
2023	$340,021	$312,589	$680,379	$27,432
2022	$294,777	$248,661	$519,333	$46,116
2021	$138,250	$122,332	$168,213	$15,918
2020	$125,681	$121,301	$102,671	$4,380
2019	$127,912	$112,228	$115,367	$15,684
2018	$130,010	$113,609	$104,980	$16,401