BALL STATE INNOVATION CORPORATION

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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

2008

Legal Domicile

Principal Officer

LISA BEVANS

Phone

7652851033

Tax Period

2024-07-01 to 2025-06-30

BALL STATE INNOVATION CORPORATION, founded in 2008, is a mid-sized nonprofit in the Science & Technology sector that reported $24.9M in total revenue in fiscal year 2024. The organization ran a surplus of $23.7M, a strong 95% operating margin.

Mission

THE MISSION OF THE BALL STATE INNOVATION CORPORATION IS TO PROMOTE AND FURTHER THE EDUCATIONAL PURPOSES OF BALL STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $843,251 Revenue: $23,961,510

OBTAIN, ACQUIRE, CONSTRUCT OR OTHERWISE PROVIDE BUILDINGS, GROUNDS, OR OTHER SUITABLE FACILITIES OR IMPROVEMENTS FOR BALL STATE UNIVERSITY.

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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 $0

Program Service Revenue $23,961,510

Investment Income $898,595

Other Revenue $0

TOTAL REVENUE $24,860,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $843,251

Other Expenses $1,136,930

TOTAL EXPENSES $1,136,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,860,105	N/A	N/A
Expenses	$1,136,930	N/A	N/A
Net Income	$23,723,175	$0	N/A

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

N/A

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

$863,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT STACHLER	DIRECTOR	1.00	Director	$0	$14,549	$184,046
ALAN FINN	DIRECTOR	1.00	Director	$0	$33,397	$314,222
ANAND MARRI	DIRECTOR	1.00	Director	$0	$12,738	$364,837
SALI FALLING	FORMER DIRECTOR	1.00		$0	$67,671	$261,894

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	$24,860,105	$1,136,930	$81,270,917	$23,723,175
2024	No data	No data	$95,385	No data
2023	$30,249	$15	$95,385	$30,234
2022	$200	$-16,183	$65,151	$16,383
2021	No data	$38,159	$64,951	No data
2020	$218,363	$182,433	$88,151	$35,930
2019	$393,438	$327,817	$116,985	$65,621
2018	$364,625	$296,904	$77,245	$67,721