INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC (EIN 203318486) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

JILL EWING

Phone

3174547013

Tax Period

2024-01-01 to 2024-12-31

INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC, founded in 1982, is a small nonprofit in the Community Improvement sector that reported $251K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 78% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN INDIANA THROUGH EDUCATION AND SCHOLARSHIPS.

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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 $247,241

Program Service Revenue $0

Investment Income $18

Other Revenue $4,077

TOTAL REVENUE $251,336

Expense Breakdown

Grants Paid $4,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,110

Other Expenses $51,378

TOTAL EXPENSES $56,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,336	$86,738	+1.9%
Expenses	$56,028	$290,107	-0.8%
Net Income	$195,308	$-203,369	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM TIDD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL MORPHEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SARAH BROWNING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BOB GREWE	BOARD	1.00	Director	$0	$0	$0
CHRISTY HOUSEHOLDER	BOARD	1.00	Director	$0	$0	$0
CHRIS KING	BOARD	1.00	Director	$0	$0	$0
JIM PLUMP	BOARD	1.00	Director	$0	$0	$0
ERIN SCHNEIDER	BOARD	1.00	Director	$0	$0	$0
JILL EWING	CHIEF OPERATING OFFICER	10.00	Officer	$0	$0	$0

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	$251,336	$56,028	$246,223	$195,308

INDIANA ECONOMIC DEVELOPMENT ASSOCIATION FOUNDATION INC