HOOSIERS FOR QUALITY EDUCATION INC (EIN 261280876) - 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

2007

Legal Domicile

Principal Officer

BETSY WILEY

Phone

3179518781

Tax Period

2023-07-01 to 2024-06-30

HOOSIERS FOR QUALITY EDUCATION INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $236K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Net assets of $850K represent 43 months of operating reserves.

Mission

THE CORPORATION'S PURPOSE IS TO EDUCATE THE STATE OF INDIANA'S (THE STATE) CITIZENS AND POLICY

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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 $225,000

Program Service Revenue $0

Investment Income $11,144

Other Revenue $0

TOTAL REVENUE $236,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,865

Fundraising Expenses $14,573

Program Expenses $43,719

Other Expenses $172,808

TOTAL EXPENSES $245,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,144	$957,500	-0.8%
Expenses	$245,673	$702,823	-0.7%
Net Income	$-9,529	$254,677	-1.0%

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

$253,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED KLIPSCH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT GRAND	VICE CHAIRMAN & SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT ENLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
AL HUBBARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LONGEST	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM KITTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN BURDICK	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY WILEY	PRESIDENT	8.00	Officer	$84,088	$12,889	$253,140

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	No data	No data	No data	No data
2024	$236,144	$245,673	$859,356	$-9,529
2023	$957,500	$702,823	$868,885	$254,677
2022	$400,000	$290,294	$614,208	$109,706
2021	$219,300	$115,367	$504,502	$103,933
2020	$291,000	$92,132	$441,868	$198,868
2019	$100,000	$42,156	$201,702	$57,844
2018	$100,000	$59,765	$144,897	$40,235

HOOSIERS FOR QUALITY EDUCATION INC