INDIANAPOLIS BAR FOUNDATION INC (EIN 237051780) - 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

1968

Legal Domicile

Principal Officer

JULIE ARMSTRONG

Phone

3172692000

Tax Period

2023-01-01 to 2023-12-31

INDIANAPOLIS BAR FOUNDATION INC, founded in 1968, is a small nonprofit in the Crime & Legal sector that reported $692K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $372K, a strong 54% operating margin.

Mission

TO ADVANCE JUSTICE AND LEAD POSITIVE CHANGE IN INDIANAPOLIS THROUGH PHILANTHROPY, EDUCATION, AND SERVICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $322,979

Program Service Revenue $0

Investment Income $368,887

Other Revenue $-57

TOTAL REVENUE $691,809

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $0

Fundraising Expenses $98,628

Program Expenses $140,000

Other Expenses $180,307

TOTAL EXPENSES $320,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,809	$403,557	+0.7%
Expenses	$320,307	$276,804	+0.2%
Net Income	$371,502	$126,753	+1.9%

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

N/A

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

$238,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER LIMONTES	AT-LARGE	1.00	Director	$0	$0	$0
AMBER FINLEY	AT-LARGE	1.00	Director	$0	$0	$0
ANDREW LEHMANN	AT-LARGE	1.00	Director	$0	$0	$0
APRIL JAY	AT-LARGE	1.00	Director	$0	$0	$0
BIANCA BLACK	AT-LARGE	1.00	Director	$0	$0	$0
BRANDON SKATES	AT-LARGE	1.00	Director	$0	$0	$0
BREANNA DAVIS	AT-LARGE	1.00	Director	$0	$0	$0
BRETT THOMAS	AT-LARGE	1.00	Director	$0	$0	$0
BRYAN BABB	AT-LARGE	1.00	Director	$0	$0	$0
CAROL JOVEN	AT-LARGE	1.00	Director	$0	$0	$0
CHARLES SMITH	AT-LARGE	1.00	Director	$0	$0	$0
D VALERIE LOYA	AT-LARGE	1.00	Director	$0	$0	$0
ELIZABETH WALKER	AT-LARGE	1.00	Director	$0	$0	$0
ENRIQUE FLORES	AT-LARGE	1.00	Director	$0	$0	$0
ERIC MCNAMAR	AT-LARGE	1.00	Director	$0	$0	$0
ERIC SCHMADEKE	AT-LARGE	1.00	Director	$0	$0	$0
ERIN WEAVER	AT-LARGE	1.00	Director	$0	$0	$0
GEORGE PLEWS	AT-LARGE	1.00	Director	$0	$0	$0
JESSICA MEEK	AT-LARGE	1.00	Director	$0	$0	$0
JIMMIE MCMILLIAN	AT-LARGE	1.00	Director	$0	$0	$0
JON FERGUSON	AT-LARGE	1.00	Director	$0	$0	$0
JUDIE CONLEY	AT-LARGE	1.00	Director	$0	$0	$0
JULIAN HARRELL	AT-LARGE	1.00	Director	$0	$0	$0
LAUREN HARPOLD	AT-LARGE	1.00	Director	$0	$0	$0
LIBBY MOYER	AT-LARGE	1.00	Director	$0	$0	$0
MELANIE REICHERT	AT-LARGE	1.00	Director	$0	$0	$0
MICHAEL MCBRIDE	AT-LARGE	1.00	Director	$0	$0	$0
MICHELE LORBIESKI	AT-LARGE	1.00	Director	$0	$0	$0
SARAH BAKER	AT-LARGE	1.00	Director	$0	$0	$0
TERRANCE THARPE	AT-LARGE	1.00	Director	$0	$0	$0
TIMOTHY KARNS	AT-LARGE	1.00	Director	$0	$0	$0
BARATH RAMAN	DEI MANAGER	1.00	Director	$0	$0	$0
DAVID DUNCAN	EX OFFICIO - INDYBAR PRESIDENT ELECT	1.00	Director	$0	$0	$0
LEE CHRISTIE	EX OFFICIO - INDYBAR 1ST VICE PRESIDENT	1.00	Director	$0	$0	$0
REBECCA GEYER	EX OFFICIO - INDYBAR PRESIDENT	1.00	Director	$0	$0	$0
ELISABETH EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS JENSEN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
BRIANA CLARK	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA TIMMONS	SECRETARY	1.00	Officer Director	$0	$0	$0
W KENT WININGHAM	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE ARMSTRONG	EXECUTIVE DIRECTOR	1.00	Officer	$0	$51,466	$238,849

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	No data	No data	No data	No data
2023	$691,809	$320,307	$2,521,887	$371,502
2022	$403,557	$276,804	$2,208,742	$126,753
2021	$447,937	$309,388	$2,449,471	$138,549
2020	$277,994	$322,002	$2,158,258	$-44,008
2019	$503,838	$301,079	$2,059,445	$202,759
2018	$841,971	$316,746	$1,725,164	$525,225

INDIANAPOLIS BAR FOUNDATION INC