INDIANA ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION INC (EIN 311009817) - 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

1980

Legal Domicile

Principal Officer

KANDY SMITHA

Phone

3173400668

Tax Period

2024-07-01 to 2025-06-30

INDIANA ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION INC, founded in 1980, is a small nonprofit that reported $522K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 25% operating margin.

Mission

PROMOTE THE DEVELOPMENT OF CAREER AND TECHNICAL EDUCATION WITHIN THE STATE OF INDIANA. PROVIDE LEADERSHIP AND SERVICES TO MEMBERS AS THEY PREPARE SECONDARY AND POST-SECONDARY TECHNICAL EDUCATION STUDENTS FOR THEIR CHOSEN CAREERS.

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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 $233,228

Program Service Revenue $288,382

Investment Income $5

Other Revenue $0

TOTAL REVENUE $521,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,844

Other Expenses $392,844

TOTAL EXPENSES $392,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,615	$326,603	+0.6%
Expenses	$392,844	$409,869	0.0%
Net Income	$128,771	$-83,266	-2.5%

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

$139,500

Total Directors

$52,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KANDY SMITHA	EXECUTIVE DI	30.00	Officer Director	$52,500	$0	$52,500
SHELLEY RUST	FOCUSED MANA	N/A	Officer	$85,000	$0	$85,000
JENNY BERRY	SECRETARY	1.00	Officer	$0	$0	$0
JESS HORLACHER	LEGILSATIVE	1.00	Officer	$2,000	$0	$2,000
CHAD YOUNG	PAST PRESIDE	1.00	Officer	$0	$0	$0
PETE BROWN	PRESIDENT EL	1.00	Officer	$0	$0	$0
SUSANNE EBACHER-GRIERS	PRESIDENT	1.00	Officer	$0	$0	$0
GEORGIA EVERETT	VP OPERATION	1.00	Officer	$0	$0	$0
BRIAN WAGAMAN	VP EXTERNAL	N/A	Officer	$0	$0	$0
MARIAH ROBERTS	CTSO LIASON	N/A	Officer	$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	$521,615	$392,844	$171,101	$128,771
2024	$326,603	$409,869	$42,317	$-83,266
2023	$369,815	$330,903	$125,582	$38,912
2020	$205,377	$207,052	$168,378	$-1,675

INDIANA ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION INC