INDIANA ASSOCIATION FOR ADULT AND CONTINUING EDUCATION INC

EIN: 311109448

INDIANAPOLIS, IN

Total Revenue
$218,565
Total Expenses
$208,847
Total Assets
$76,651
Net Assets
$76,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IN
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.

Program Service Accomplishments

Program 1
Expenses: $172,345 Revenue: $197,012

PROMOTING THE BENEFITS OF ADULT AND CONTINUING EDUCATION IN THE STATE OF INDIANA BY REPRESENTING OVER 400 EDUCATION PROFESSIONALS.

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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 (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

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Governance

Voting Members
13
Independent Members
N/A
Employees
N/A
Volunteers
50

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
6
$35,150
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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