INDIANA ACADEMY OF FAMILY PHYSICIANS FOUNDATION

EIN: 310955619 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$9,347
Total Expenses
$57,306
Total Assets
$1,318,831
Net Assets
$1,318,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IN
Principal Officer
KEVIN SPEER JD
Phone
3172374237
Tax Period
2024-01-01 to 2024-12-31

INDIANA ACADEMY OF FAMILY PHYSICIANS FOUNDATION, founded in 1968, is a micro nonprofit that reported $9K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 513% operating deficit.

Mission

THE MISSION OF THE IAFP FOUNDATION IS TO ENHANCE THE HEALTH CARE DELIVERED TO THE PEOPLE OF INDIANA BY DEVELOPING AND PROVIDING RESEARCH, EDUCATION, AND CHARITABLE RESOURCES FOR THE PROMOTION AND SUPPORT OF THE SPECIALTY OF FAMILY MEDICINE IN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,525
Program Service Revenue $0
Investment Income $3,172
Other Revenue $650
TOTAL REVENUE $9,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,306
Other Expenses $57,306
TOTAL EXPENSES $57,306

Year-over-Year Comparison

2024 2023 Change
Revenue $9,347 $40,481 -0.8%
Expenses $57,306 $2,027 +27.3%
Net Income $-47,959 $38,454 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
14

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
3
$0
Total Directors
14
$76,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SPEER JD EXEC. VICE P N/A
Director
$0 $0 $75,000
BERNARD RICHARD MEMBER N/A
Director
$0 $0 $1,000
KINSEY BROMM RESIDENT REG N/A
Director
$0 $0 $0
DAVID NICHOLAS DAHL MEMBER N/A
Director
$0 $0 $0
CHRISTOPHER DOEHRING MEMBER N/A
Director
$0 $0 $0
RICHARD FELDMAN MEMBER N/A
Director
$0 $0 $0
OLIVIA KAVANAUGH STUDENT REGI N/A
Director
$0 $0 $0
EASHAN KUMAR STUDENT REG N/A
Director
$0 $0 $0
TERESA LOVINS MEMBER N/A
Director
$0 $0 $0
JASON MARKER TREASURER 0.00
Officer Director
$0 $0 $0
RISHEET PATEL VICE CHAIRMA 0.00
Officer Director
$0 $0 $0
SCOTT RENSHAW MEMBER N/A
Director
$0 $0 $0
WINDEL STRACENER CHAIRMAN N/A
Officer Director
$0 $0 $0
JASON WHITE MEMBER N/A
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
2024 $9,347 $57,306 $1,318,831 $-47,959
2023 $40,481 $2,027 $1,204,378 $38,454
2022 $11,195 $48,304 $1,014,283 $-37,109
2021 $8,287 $29,943 $1,255,293 $-21,656
2020 $4,356 $83,895 $1,132,695 $-79,539
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