INDIANA ASSOCIATION FOR ADULT AND CONTINUING EDUCATION INC (EIN 311109448) - 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

1983

Legal Domicile

Principal Officer

JENNIFER WIGGINGTON

Phone

8124990011

Tax Period

2023-07-01 to 2024-06-30

INDIANA ASSOCIATION FOR ADULT AND CONTINUING EDUCATION INC, founded in 1983, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Expenses of $209K left a modest 4% surplus.

Mission

THE IAACE'S PURPOSE IS TO ADVOCATE FOR ADULT EDUCATION 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,166

Program Service Revenue $197,012

Investment Income $147

Other Revenue $240

TOTAL REVENUE $218,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,150

Fundraising Expenses $0

Program Expenses $172,345

Other Expenses $173,697

TOTAL EXPENSES $208,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,565	$205,425	+0.1%
Expenses	$208,847	$203,747	+0.0%
Net Income	$9,718	$1,678	+4.8%

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

N/A

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

$35,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER WIGGINGTON	EXECUTIVE DI	30.00	Officer	$33,498	$1,652	$35,150
DUSTIN BENTZ	BOARD MEMBER	N/A	Director	$0	$0	$0
SHEILA BUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
ADRIENNE CARROL	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROLINE FOSTER	BOARD MEMBER	N/A	Director	$0	$0	$0
SHAWN HUGHES	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTI MCINTYRE-GRAY	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGIE REFFO	BOARD MEMBER	N/A	Director	$0	$0	$0
AMY RICHMUND	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA CRUEA	TREASURER	N/A	Officer	$0	$0	$0
KONNIE MCCOLLUM	PRESIDENT	N/A	Officer	$0	$0	$0
DEB SHERWOOD	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL THOMBLESON	PAST PRESIDE	N/A	Officer	$0	$0	$0
KATIE WALTON	PRESIDENT-EL	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
2024	$218,565	$208,847	$76,651	$9,718
2023	$205,425	$200,238	$66,933	$5,187
2023	$271,234	$203,747	$220,516	$67,487

INDIANA ASSOCIATION FOR ADULT AND CONTINUING EDUCATION INC