COMMUNITY INVESTMENT FUND OF INDIANA

EIN: 273989674 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$639,463
Total Expenses
$865,723
Total Assets
$5,204,662
Net Assets
$2,948,207
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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
2010
Legal Domicile
IN
Principal Officer
MATTHEW B MURPHY
Phone
3179603710
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY INVESTMENT FUND OF INDIANA, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $639K in total revenue in fiscal year 2024. Expenses of $866K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE COMMUNITY INVESTMENT FUND OF INDIANA FINANCES PROJECTS TO BUILD VIBRANT COMMUNITIES AND RESILIENT FAMILIES. WE PROVIDE CAPITAL, MAKE CONNECTIONS TO THE SAME, AND FACILITATE ACCESS TO PROGRAM SERVICES FOR TRANSFORMATIVE COMMUNITY REINVESTMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $64,650
Program Service Revenue $514,939
Investment Income $59,874
Other Revenue $0
TOTAL REVENUE $639,463

Expense Breakdown

Grants Paid $55,000
Salaries & Benefits $273,415
Fundraising Expenses $0
Program Expenses $552,387
Other Expenses $537,308
TOTAL EXPENSES $865,723

Year-over-Year Comparison

2024 2023 Change
Revenue $639,463 $621,024 +0.0%
Expenses $865,723 $777,165 +0.1%
Net Income $-226,260 $-156,141 +0.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
13

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
5
$93,176
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL GASSEN DIRECTOR 5.00
Director
$0 $0 $0
COREY JENNINGS DIRECTOR 5.00
Director
$0 $0 $0
DARNELL JACKSON DIRECTOR 5.00
Director
$0 $0 $0
J JACOB SIPE DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER BARTENBACH DIRECTOR 5.00
Director
$0 $0 $0
SHARRON LIGGINS DIRECTOR 5.00
Director
$0 $0 $0
SHERRY BOUDOIN DIRECTOR 5.00
Director
$0 $0 $0
MATTHEW B MURPHY BOARD PRESIDENT 10.00
Officer Director
$0 $0 $0
CHARLES KENNEDY PAST BOARD PRESIDENT 5.00
Officer Director
$0 $0 $0
KRISTIN PRUITT BOARD SECRETARY 10.00
Officer Director
$0 $0 $0
TODD FLICK BOARD TREASURER 10.00
Officer Director
$0 $0 $0
PHILLIP BLACK EXECUTIVE DIRECTOR 45.00
Officer
$84,862 $8,314 $93,176
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 $639,463 $865,723 $5,204,662 $-226,260
2024 $621,024 $777,165 $5,423,271 $-156,141
2023 $363,851 $807,038 $5,078,746 $-443,187
2022 $2,295,698 $1,036,316 $5,335,616 $1,259,382
2021 $903,273 $664,854 $4,069,214 $238,419
2020 $746,186 $353,897 $3,052,890 $392,289
2019 $171,762 $131,005 $2,638,934 $40,757
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