INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IVY TECH FOUNDATION INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $23.0M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $27.2M exceeded revenue, resulting in a 18% operating deficit.
TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $23,032,210 | $41,134,022 | -0.4% |
| Expenses | $27,184,523 | $24,943,462 | +0.1% |
| Net Income | $-4,152,313 | $16,190,560 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUE ELLSPERMANN | PRESIDENT, COLLEGE | 2.00 |
Officer
Director
|
$0 | $116,191 | $621,082 |
| LAUREN SALERNO | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| VINCENT VIVEROS | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN STATER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT MILLER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| A H SCHUMAKER II | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALISA HECIMOVICH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALPA PATEL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRIAN STATZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE HOFFMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CELESTE CALVITTO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CINDY KINNARNEY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNIE FERGUSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CONSTANCE BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID GOODMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DONNA PFEIL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GLEN MUEHLBAUER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HEATHER SCHOEGLER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| J MICHAEL JARVIS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES GOTHARD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES ORBIK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER HINDMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JESSE BRAND | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JODI ENGELSTAD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSH PETERS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEITH O'NEAL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN AHAUS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KIM EMMERT-O'DELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LARRY SMITH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LEO BRADDOCK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LORI DANIELSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LU PORTER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MAMON POWERS III | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARCUS HESTER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MELISSA PROFFITT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE HARMLESS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NANCY RHODES | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL PERKINS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAULA HEIDERMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAULA HUGHES-SCHUH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PHIL BANE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REBECCA KUBACKI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RONALD FAUQUHER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SALLY DEVOE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT KLEPPE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT WALLSMITH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVEN SCHRECKENGAST | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRY ANKER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS MARCUCCILLI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM GUTZWILLER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BECKY MILLER | VICE PRESIDENT | 38.00 |
Officer
|
$0 | $35,708 | $237,064 |
| THOMAS SKIDMORE | ASSISTANT TREASURER | 38.00 |
Officer
|
$0 | $47,565 | $271,130 |
| ANNETTE FLICKINGER | ASSISTANT SECRETARY | 38.00 |
Officer
|
$0 | $34,123 | $159,036 |
| BRIAN THOMAS | AVP - GRANT DEVELOPMENT | 38.00 |
Officer
|
$0 | $31,976 | $146,734 |
| COURTNEY ROBERTS | PRESIDENT, FOUNDATION | 38.00 |
Officer
|
$0 | $29,073 | $404,373 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $23,032,210 | $27,184,523 | $149,886,491 | $-4,152,313 |
| 2023 | $41,134,022 | $24,943,462 | $147,776,928 | $16,190,560 |
| 2022 | $38,600,222 | $26,743,266 | $133,213,854 | $11,856,956 |
| 2021 | $30,082,278 | $19,214,225 | $133,152,328 | $10,868,053 |
| 2020 | $22,108,760 | $19,816,401 | $120,027,175 | $2,292,359 |
| 2019 | $25,204,785 | $19,612,845 | $121,531,893 | $5,591,940 |
Compare IVY TECH FOUNDATION INC with other nonprofits in Indiana and across the country.