INDIANA STATE POLICE ALLIANCE INC (EIN 237419547) - 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

1974

Legal Domicile

Principal Officer

SHAUN ARMES

Phone

3176360929

Tax Period

2024-07-01 to 2025-06-30

INDIANA STATE POLICE ALLIANCE INC, founded in 1974, is a small nonprofit that reported $359K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $591K exceeded revenue, resulting in a 65% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO CHILDREN OF TROOPERS; PROVIDE GOVERNMENT LIASON SERVICES; AND CONTRIBUTE TO OTHER CHARITIES AND CIVIC ORGANIZATIONS

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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 $474,028

Program Service Revenue $0

Investment Income $66,614

Other Revenue $-181,804

TOTAL REVENUE $358,838

Expense Breakdown

Grants Paid $164,639

Salaries & Benefits $0

Fundraising Expenses $13,643

Program Expenses $452,991

Other Expenses $426,671

TOTAL EXPENSES $591,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,838	$986,949	-0.6%
Expenses	$591,310	$609,729	0.0%
Net Income	$-232,472	$377,220	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT AMES	DIRECTOR	2.00	Director	$0	$0	$0
SHAUN ARMES	PRESIDENT	8.00	Officer Director	$0	$0	$0
TONY CANUL	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
AARIC COREL	DIRECTOR	2.00	Director	$0	$0	$0
WILL ETTER	TREASURER	4.00	Officer Director	$0	$0	$0
JEROME EZELL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FINNEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FINNEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FINNEY	DIRECTOR	2.00	Director	$0	$0	$0
RON FISHER	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN HAMPTON	DIRECTOR	2.00	Director	$0	$0	$0
PHIL HENSLEY	DIRECTOR	2.00	Director	$0	$0	$0
KIM JUDGE	DIRECTOR	2.00	Director	$0	$0	$0
WES KUYKENDALL	DIRECTOR	2.00	Director	$0	$0	$0
SHANE LAMARTZ	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LEFFERT	DIRECTOR	2.00	Director	$0	$0	$0
CORY MARTIN	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
COLEY MCCUTCHEON	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY PIERS	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN PRICE	DIRECTOR	2.00	Director	$0	$0	$0
JOSH THAYER	DIRECTOR	2.00	Director	$0	$0	$0
TYLER TRUEBLOOD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN WHEELES	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN WOLFE	DIRECTOR	2.00	Director	$0	$0	$0
MIKE WOOD	VP	4.00	Officer Director	$0	$0	$0
PETER WOOD	DIRECTOR	2.00	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	$358,838	$591,310	$2,709,829	$-232,472
2024	$986,949	$609,729	$2,817,783	$377,220
2023	$550,634	$623,885	$2,405,614	$-73,251
2022	$582,444	$508,927	$2,491,221	$73,517
2021	$787,848	$676,535	$2,404,229	$111,313
2020	$284,329	$406,077	$1,654,260	$-121,748
2019	$512,701	$505,522	$1,800,116	$7,179

INDIANA STATE POLICE ALLIANCE INC