NORTHEAST INDIANA WORKS INC (EIN 274700166) - 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

2011

Legal Domicile

Principal Officer

EDMOND C O'NEAL III

Phone

2604591400

Tax Period

2024-07-01 to 2025-06-30

NORTHEAST INDIANA WORKS INC, founded in 2011, is a community nonprofit in the Employment sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE CORPORATION WAS FORMED TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, CHARITABLE, JOB TRAINING, AND WORKFORCE DEVELOPMENT PURPOSES IN NORTHEAST INDIANA.

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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 $6,539,306

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,539,306

Expense Breakdown

Grants Paid $3,489,998

Salaries & Benefits $1,123,607

Fundraising Expenses $0

Program Expenses $6,183,263

Other Expenses $1,950,499

TOTAL EXPENSES $6,564,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,539,306	$7,658,101	-0.1%
Expenses	$6,564,104	$7,858,594	-0.2%
Net Income	$-24,798	$-200,493	-0.9%

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

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

$252,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDI DISLER	CHAIR	4.00	Officer Director	$0	$0	$0
REBECCA SCHROEDER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
LEROY JACKSON	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
RICHARD BECK	CHIEF ELECTED OFFICIAL	2.00	Officer Director	$0	$0	$0
JESSICA BESTE	MEMBER	1.00	Director	$0	$0	$0
PHIL BROWN	MEMBER	1.00	Director	$0	$0	$0
PATRICK BUESCHING	MEMBER	1.00	Director	$0	$0	$0
DALE BUUCK	MEMBER (THRU DEC 2024)	1.00	Director	$0	$0	$0
HOLLY CHRISTIANSON	MEMBER	1.00	Director	$0	$0	$0
ANGIE DANE	MEMBER	1.00	Director	$0	$0	$0
LANCE HALSEY	MEMBER	1.00	Director	$0	$0	$0
ALAYNE JOHNSON	MEMBER	1.00	Director	$0	$0	$0
KIM BARNETT JOHNSON	MEMBER	1.00	Director	$0	$0	$0
RICHELE ORN	MEMBER (THRU OCT 2024)	1.00	Director	$0	$0	$0
JAMES PHILLIPS	MEMBER	1.00	Director	$0	$0	$0
KENT PROSSER	MEMBER	1.00	Director	$0	$0	$0
COREY SCHOON	MEMBER (THRU JUNE 2025)	1.00	Director	$0	$0	$0
SHELLY STEARNS	MEMBER	1.00	Director	$0	$0	$0
CHRIS STRAW	MEMBER	1.00	Director	$0	$0	$0
MICHAEL VENTURINI	MEMBER	1.00	Director	$0	$0	$0
JIM WALMSLEY	MEMBER	1.00	Director	$0	$0	$0
EDMOND C O'NEAL III	PRESIDENT & CEO	40.00	Officer	$131,633	$16,149	$147,782
LORI RICE	CFO	40.00	Officer	$87,443	$17,498	$104,941

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	$6,539,306	$6,564,104	$1,401,526	$-24,798
2024	$7,658,101	$7,858,594	$2,784,802	$-200,493
2023	$6,257,749	$6,246,875	$2,254,351	$10,874
2022	$7,211,329	$7,029,279	$1,136,996	$182,050
2021	$5,249,470	$5,195,199	$737,889	$54,271
2020	$6,405,641	$6,403,801	$848,380	$1,840
2019	$7,676,784	$7,676,529	$868,563	$255
2018	$8,917,867	$8,866,327	$1,321,189	$51,540

NORTHEAST INDIANA WORKS INC