INDIANA LAND TITLE ASSOCIATION INC

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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

1931

Legal Domicile

Principal Officer

KYLE SOMMERS

Phone

3178426266

Tax Period

2023-01-01 to 2023-12-31

INDIANA LAND TITLE ASSOCIATION INC, founded in 1931, is a small nonprofit that reported $385K in total revenue in fiscal year 2023.

Mission

EXEMPT PURPOSE:THE MISSION OF THE ASSOCIATION IS TO PROMOTE THE EDUCATIONAL, PROFESSIONAL, ECONOMIC, AND POLITICAL INTERESTS OF THE INDIANA LAND TITLE INDUSTRY AND ITS PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $37,233 Revenue: $147,068

SEMINARS WERE PROVIDED TO MEMBERS OF THE ORGANIZATION IN ORDER FOR THE MEMBERS TO MEET THE REQUIREMENTS FOR CONTINUING PROFESSIONAL EDUCATION AS REFLECTED IN THE ORGANIZATION'S MISSION STATEMENT.

Program 2

Expenses: $131,950 Revenue: $115,983

ANNUAL CONVENTION HELD TO PROMOTE THE EDUCATIONAL, PROFESSIONAL, ECONOMIC, AND POLITICAL INTERESTS OF THE INDIANA LAND TITLE INDUSTRY AND ITS PUBLIC IN ACCORDANCE WITH THE ORGANIZATION'SMISSION...

ANNUAL CONVENTION HELD TO PROMOTE THE EDUCATIONAL, PROFESSIONAL, ECONOMIC, AND POLITICAL INTERESTS OF THE INDIANA LAND TITLE INDUSTRY AND ITS PUBLIC IN ACCORDANCE WITH THE ORGANIZATION'SMISSION STATEMENT.

Program 3

Expenses: $72,452 Revenue: $7,093

OTHER PROGRAM EXPENSES TO PROMOTE THE EDUCATIONAL, PROFESSIONAL, ECONOMIC, AND POLITICAL INTERESTS OF THE INDIANA LAND TITLE INDUSTRY AND ITS PUBLIC IN ACCORDANCE WITH THE ORGANIZATION'S MISSION...

OTHER PROGRAM EXPENSES TO PROMOTE THE EDUCATIONAL, PROFESSIONAL, ECONOMIC, AND POLITICAL INTERESTS OF THE INDIANA LAND TITLE INDUSTRY AND ITS PUBLIC IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT.

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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 $106,387

Program Service Revenue $270,144

Investment Income $8,762

Other Revenue $0

TOTAL REVENUE $385,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,738

Fundraising Expenses $0

Program Expenses $241,635

Other Expenses $333,067

TOTAL EXPENSES $413,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,293	$384,390	+0.0%
Expenses	$413,805	$425,829	0.0%
Net Income	$-28,512	$-41,439	-0.3%

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

N/A

Employees

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
MICHAEL SCHMITZ	PRESIDENT	0.50	Officer Director	$0	$0	$0
BRANDI L HALCOMB	PRESIDENT - ELECT	0.50	Officer Director	$0	$0	$0
STAN CZAJA	SECRETARY/ TREASURER	0.50	Officer Director	$0	$0	$0
BRYAN STECKLER	BOARD OF GOVERNORS	0.50	Director	$0	$0	$0
JEFFREY BOSSE	BOARD OF GOVERNORS	0.50	Director	$0	$0	$0
NINA WELLS	BOARD OF GOVERNORS	0.50	Director	$0	$0	$0
ADRIENNE MCCOLLISTER	BOARD OF GOVERNORS	0.50	Director	$0	$0	$0
KYLE SOMMERS	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
BARBIE HULETT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KIM FIELDS	BOARD OF GOVERNORS	0.50	Director	$0	$0	$0
RUTHANN STENGER	BOARD OF GOVERNORS	0.50	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
2024	No data	No data	No data	No data
2023	$385,293	$413,805	$482,749	$-28,512
2022	$384,390	$425,829	$509,604	$-41,439
2021	$434,941	$306,754	$549,491	$128,187
2020	$370,893	$257,081	$419,341	$113,812
2019	$360,061	$293,751	$305,488	$66,310
2018	$342,895	$348,149	$239,064	$-5,254