THE MIND TRUST INC (EIN 204560286) - 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

2006

Legal Domicile

Principal Officer

BRANDON BROWN

Phone

3178228102

Tax Period

2024-07-01 to 2025-06-30

THE MIND TRUST INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $57.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $22.3M, a strong 39% operating margin.

Mission

THE MIND TRUST IS AN EDUCATION NONPROFIT ORGANIZATION FOCUSED ON SYSTEMIC CHANGES THAT ENSURE EVERY STUDENT IN INDIANAPOLIS, ACROSS INDIANA AND CONNECTICUT, AND BEYOND HAS ACCESS TO AN EXCELLENT EDUCATION. SINCE LAUNCHING IN 2006, THE MIND TRUST HAS SUPPORTED THE LAUNCH OF MORE THAN 50 SCHOOLS THAT WILL SERVE OVER 22,000 STUDENTS AT SCALE ALONGSIDE 15 EDUCATION NONPROFIT ORGANIZATIONS THAT ARE LEADING EDUCATION CHANGE. IN EVERY REGION THEY SERVE, THE MIND TRUST STRIVES TO PROVIDE EVERY STUDENT ACCESS TO AN EXCELLENT EDUCATION BY AMPLIFYING THE POWER OF NEIGHBORHOODS AND COMMUNITIES TO LEAD EDUCATION CHANGE AND SUPPORTING SCHOOLS TO GROW AND EXCEL IN A THRIVING EDUCATION ECOSYSTEM.

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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 $35,689,333

Program Service Revenue $21,135,996

Investment Income $1,152,619

Other Revenue $-45,361

TOTAL REVENUE $57,932,587

Expense Breakdown

Grants Paid $26,415,087

Salaries & Benefits $6,247,424

Fundraising Expenses $523,828

Program Expenses $33,563,469

Other Expenses $2,948,526

TOTAL EXPENSES $35,611,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,932,587	$49,302,138	+0.2%
Expenses	$35,611,037	$43,542,749	-0.2%
Net Income	$22,321,550	$5,759,389	+2.9%

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

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

$669,956

Total Directors

Key Employees

$1,231,515

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON BROWN	CEO	40.00	Officer	$363,128	$54,852	$417,980
LESLIE SHEGOG	EXECUTIVE VP AND COO	40.00	Key Emp	$257,084	$53,383	$310,467
KRISTIN GRIMME	CHIEF STRATEGY OFFICER	40.00	Key Emp	$219,436	$50,457	$269,893
CORRIE LAPP	SVP OF FINANCE	40.00	Officer	$200,639	$51,337	$251,976
PATRICK JONES	SVP LEADERSHIP & EQUITY	40.00	Key Emp	$191,784	$46,239	$238,023
KELLI MARSHALL	SVP OF SCHOOLS	40.00	Key Emp	$183,202	$25,662	$208,864
KIMBERLY PRESTON	SVP OF POLICY	40.00	Key Emp	$182,540	$21,728	$204,268
SEANA MURPHY	SD INDIANA LEARNS	40.00	Highest	$140,469	$4,200	$144,669
LAUREN PETERSON	VP OF COMMUNITY ENGAGEMENT	40.00	Highest	$134,709	$21,448	$156,157
LUKE LENNON	SD LEADERSHIP & DEV	40.00	Highest	$133,330	$32,385	$165,715
MADELINE POULAKIDAS	SD OF FINANCE AND OPERATION	40.00	Highest	$126,343	$45,792	$172,135
STACY HELMUTH	SD OF DEVELOPEMENT	40.00	Highest	$122,568	$47,649	$170,217
JIM SCHUMACHER	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
ANN MURTLOW	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
STEVEN JONES	SECRETARY	0.25	Officer Director	$0	$0	$0
RODNEY BYRNES	DIRECTOR	0.25	Director	$0	$0	$0
MIRIAM ACEVEDO DAVIS	DIRECTOR	0.25	Director	$0	$0	$0
NAEHA DEAN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID HARRIS	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA KUBACKI	DIRECTOR	0.25	Director	$0	$0	$0
MAGGIE LEWIS	DIRECTOR	0.25	Director	$0	$0	$0
MARK MILES	DIRECTOR	0.25	Director	$0	$0	$0
JANE PAULEY	DIRECTOR	0.25	Director	$0	$0	$0
DAVID SHANE	DIRECTOR	0.25	Director	$0	$0	$0
BILL SHREWSBERRY	DIRECTOR	0.25	Director	$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
2025	$57,932,587	$35,611,037	$58,731,314	$22,321,550
2024	$49,302,138	$43,542,749	$34,049,326	$5,759,389
2023	$29,881,369	$21,711,220	$26,440,445	$8,170,149
2022	$10,830,656	$19,634,093	$18,983,816	$-8,803,437
2021	$26,157,589	$22,006,276	$28,455,192	$4,151,313
2020	$20,265,397	$14,886,969	$22,651,490	$5,378,428

THE MIND TRUST INC