INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC (EIN 310920575) - 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

1976

Legal Domicile

Principal Officer

ALAN ZERKEL

Phone

3176377481

Tax Period

2024-07-01 to 2025-06-30

INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC, founded in 1976, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 34% operating margin.

Mission

AS A PARTNER OF THE INDIANA RETIRED TEACHERS ASSOCIATION ("IRTA"), OUR FOUNDATION PROMOTES THE WELFARE OF RETIRED TEACHERS, SUPPORTS THOSE WHO ARE CURRENTLY TEACHING AND ENCOURAGES PEOPLE TO ENTER THE PROFESSION.

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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 $59,240

Program Service Revenue $0

Investment Income $32,966

Other Revenue $311

TOTAL REVENUE $92,517

Expense Breakdown

Grants Paid $30,818

Salaries & Benefits $8,282

Fundraising Expenses $2,551

Program Expenses $38,964

Other Expenses $21,945

TOTAL EXPENSES $61,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,517	$67,388	+0.4%
Expenses	$61,045	$50,110	+0.2%
Net Income	$31,472	$17,278	+0.8%

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

$106,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ZERKEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDY HOSTETLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY ZOOK	PAST PRESIDENT / SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN MULFORD	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID LENNEN	IRTA PRESIDENT, EX-OFFICIO	1.00	Director	$0	$0	$0
LINDA MORRIS	MEMBER	1.00	Director	$0	$0	$0
MARK GUARD	MEMBER	1.00	Director	$0	$0	$0
LAURA PENMAN	IRTA EXEC DIRECTOR, EX-OFFICIO	2.00	Director	$0	$21,718	$106,410
CHARLES SHORT	MEMBER	1.00	Director	$0	$0	$0
JANE BOULTINGHOUSE	MEMBER	1.00	Director	$0	$0	$0
DR SHARON BARNES	MEMBER	1.00	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	$92,517	$61,045	$735,877	$31,472
2024	$67,388	$50,110	$652,796	$17,278
2023	$45,158	$55,085	$596,665	$-9,927
2022	$105,784	$57,470	$576,863	$48,314

INDIANA RETIRED TEACHERS ASSOCIATION FOUNDATION INC