INDIANA CONSTRUCTORS INC

EIN: 205329171 Community Improvement

INDIANAPOLIS, IN

Total Revenue
$5,474,879
Total Expenses
$4,264,828
Total Assets
$15,236,240
Net Assets
$13,865,812
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IN
Principal Officer
RICHARD HEDGECOCK
Phone
3176347547
Tax Period
2025-01-01 to 2025-12-31

INDIANA CONSTRUCTORS INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 22% operating margin.

Mission

PROMOTE THE COMMON BUSINESS AND REGULATORY INTEREST OF INDIVIDUALS, ORGANIZATIONS, ASSOCIATIONS, AND CORPORATIONS ASSOCIATED WITH THE INDIANA CONSTRUCTION INDUSTRY AND WORKS TO IMPROVE THE BUSINESS CONDITIONS IN THE INDIANA CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1

MEMBER RELATIONS - ICI STAFF ENGAGES WITH ITS STATEWIDE MEMBERSHIP AT THEIR OFFICES - VIA TELEPHONE, EMAIL OR VIRTUAL CONFERENCING - OR AS THEY ATTEND IN-PERSON ASSOCIATION MEETINGS TO DETERMINE...

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MEMBER RELATIONS - ICI STAFF ENGAGES WITH ITS STATEWIDE MEMBERSHIP AT THEIR OFFICES - VIA TELEPHONE, EMAIL OR VIRTUAL CONFERENCING - OR AS THEY ATTEND IN-PERSON ASSOCIATION MEETINGS TO DETERMINE NEEDS AND CONCERNS AND TO EXPLAIN THE VALUE OF VARIOUS PROGRAMS OFFERED BY ICI. ADDITIONALLY, ICI PUBLISHES A WIDELY-READ AND DISTRIBUTED WEEKLY ELECTRONIC NEWSLETTER AND PUSHES INFORMATION OUT TO ITS MEMBERSHIP AND THE GENERAL PUBLIC THROUGH SOCIAL MEDIA CHANNELS.

Program 2

WORKER/MANAGEMENT RELATIONS - ICI STAFF LEADS MEMBER TEAMS IN NEGOTIATIONS REPRESENTING MANAGEMENT WITH SEVERAL LABOR UNIONS AND THEIR LOCALS ACROSS THE STATE AND APPOINTS AND TRAINS VOLUNTEER...

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WORKER/MANAGEMENT RELATIONS - ICI STAFF LEADS MEMBER TEAMS IN NEGOTIATIONS REPRESENTING MANAGEMENT WITH SEVERAL LABOR UNIONS AND THEIR LOCALS ACROSS THE STATE AND APPOINTS AND TRAINS VOLUNTEER MEMBERS TO SERVE AS MANAGEMENT TRUSTEES ON VARIOUS LABOR/MANAGEMENT HEALTH & WELFARE AND PENSION TRUST FUNDS. ADDITIONALLY, ICI WORKS WITH A THIRD-PARTY VENDOR IN ADMINISTERING A SUBSTANCE ABUSE TESTING PROGRAM FOR THE EMPLOYERS THAT ARE SIGNATORY TO THE LABOR AGREEMENTS THAT CONTAIN THIS PROGRAM.

Program 3

GOVERNMENT AFFAIRS - AT THE STATE LEVEL, ICI MONITORS ALL LEGISLATION INTRODUCED BY THE INDIANA GENERAL ASSEMBLY TO DETERMINE POSSIBLE IMPACT TO MEMBERS, LOBBYING TO EITHER DEFEAT OR PROMOTE BILLS...

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GOVERNMENT AFFAIRS - AT THE STATE LEVEL, ICI MONITORS ALL LEGISLATION INTRODUCED BY THE INDIANA GENERAL ASSEMBLY TO DETERMINE POSSIBLE IMPACT TO MEMBERS, LOBBYING TO EITHER DEFEAT OR PROMOTE BILLS ACCORDINGLY. ICI ALSO MONITORS THE HAPPENINGS AT THE FEDERAL LEVEL THROUGH ITS AFFILIATED ORGANIZATIONS, THE ASSOCIATED GENERAL CONTRACTORS OF AMERICAN AND THE AMERICAN ROAD AND TRANSPORTATION BUILDERS ASSOCIATION, COMMUNICATING IMPACTFUL INFORMATION BACK TO OUR MEMBERS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,995,157
Investment Income $476,189
Other Revenue $3,533
TOTAL REVENUE $5,474,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,708,217
Fundraising Expenses $0
Other Expenses $2,556,611
TOTAL EXPENSES $4,264,828

Year-over-Year Comparison

2025 2024 Change
Revenue $5,474,879 $4,956,927 +0.1%
Expenses $4,264,828 $4,467,390 0.0%
Net Income $1,210,051 $489,537 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
310

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
5
$282,622
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD LONEY DIRECTOR 1.00
Director
$0 $0 $0
DAVID HEYDE IMM. PAST CHAIR 3.00
Officer Director
$0 $0 $0
JASON DAPP CHAIRMAN 3.00
Officer Director
$0 $0 $0
MARK SMITH SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
KIMBERLY ARNDT DIRECTOR 1.00
Director
$0 $0 $0
COREY BAUGH DIRECTOR 1.00
Director
$0 $0 $0
JOE HILE DIRECTOR 1.00
Director
$0 $0 $0
DAN MCCOY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ROWE DIRECTOR 1.00
Director
$0 $0 $0
GENE LINDLEY VICE CHAIRMAN 3.00
Officer Director
$0 $0 $0
RICHARD HEDGECOCK PRESIDENT 40.00
Officer
$233,721 $48,901 $282,622
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 $5,474,879 $4,264,828 $15,236,240 $1,210,051
2024 $4,956,927 $4,467,390 $13,224,695 $489,537
2023 $5,040,059 $4,127,232 $12,685,348 $912,827
2022 $4,625,269 $3,618,663 $11,475,037 $1,006,606
2021 $4,237,535 $2,926,996 $10,552,139 $1,310,539
2020 $4,231,406 $3,197,015 $8,738,186 $1,034,391
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