INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 202664607 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$322,700
Total Expenses
$1,742,875
Total Assets
$2,165,320
Net Assets
$1,900,109
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
JOSHUA RICHARDSON
Phone
8004638081
Tax Period
2024-07-01 to 2025-06-30

INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $323K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 440% operating deficit.

Mission

TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $306,239
Program Service Revenue $0
Investment Income $16,461
Other Revenue $0
TOTAL REVENUE $322,700

Expense Breakdown

Grants Paid $10,605
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $810,395
Other Expenses $1,732,270
TOTAL EXPENSES $1,742,875

Year-over-Year Comparison

2024 2023 Change
Revenue $322,700 $3,246,134 -0.9%
Expenses $1,742,875 $1,158,043 +0.5%
Net Income $-1,420,175 $2,088,091 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
22

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
7
$848,443
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC J HOLCOMB CHAIR (END JAN 2025) 1.00
Officer Director
$0 $0 $0
MIKE BRAUN CHAIR (START JAN 2025) 1.00
Officer Director
$0 $0 $0
LINDA E WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KUBACKI BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL GORELICK BOARD MEMBER 1.00
Director
$0 $0 $0
DAYTON MOLENDORP BOARD MEMBER 1.00
Director
$0 $0 $0
MARK MILES BOARD MEMBER 1.00
Director
$0 $0 $0
FRED MERRITT BOARD MEMBER 1.00
Director
$0 $0 $0
AMY SCHUMACHER BOARD MEMBER 1.00
Director
$0 $0 $0
DOMINIC GROTE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LECHLEITER BOARD MEMBER 1.00
Director
$0 $0 $0
SUE MCCLOSKEY BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD WATERFIELD BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
GUS OLYMPIDIS BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
BILLIE DRAGOO BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
GEORGE THOMAS BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
DON LAMB BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
DAVID FAGAN BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
GREG GIBSON BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
CHRIS KING BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
JOHN GREGG BOARD MEMBER (START JUN 2025) 1.00
Director
$0 $0 $0
RICK JOHNSON BOARD MEMBER (END JAN 2025) 1.00
Director
$0 $0 $0
KRISTIN MARCUCCILLI BOARD MEMBER (END JAN 2025) 1.00
Director
$0 $0 $0
JOHN THOMPSON BOARD MEMBER (END JUNE 2025) 1.00
Director
$0 $0 $0
DAVID ADAMS IEDC SECRETARY (START JAN 2025) 1.00
Officer
$0 $0 $0
MIKE DANIEL IEDC TREAS. (START JUNE 2025) 1.00
Officer
$0 $0 $0
ROBERT PAGLIA IEDC TREAS. (FEB 2025 - JUNE 2025) 1.00
Officer
$0 $49,579 $266,468
HEIDI BABKOWSKI IEDC TREAS. (END FEB 2025) 1.00
Officer
$0 $45,429 $224,987
DAVID ROSEBERG IEDC SECRETARY (END JAN 2025) 1.00
Officer
$0 $58,668 $356,988
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
2025 $322,700 $1,742,875 $2,165,320 $-1,420,175
2024 $3,246,134 $1,158,043 $3,632,673 $2,088,091
2023 $1,570,847 $2,253,710 $1,274,371 $-682,863
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.