MIBOR FOUNDATION INC

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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

1984

Legal Domicile

Principal Officer

SHELLEY SPECCHIO

Phone

3179565000

Tax Period

2024-01-01 to 2024-12-31

MIBOR FOUNDATION INC, founded in 1984, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $614K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO RAISE FUNDS AND FOSTER SUPPORT FOR ORGANIZATIONS TRANSITIONING CENTRAL INDIANA'S HOMELESS TO SAFE AND SECURE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $385,313

THE REALTOR FOUNDATION SUPPORTS ORGANIZATIONS IN CENTRAL INDIANA WHO SERVE AND HOUSE OUR HOMELESS NEIGHBORS. RANGING FROM VICTIMS OF DOMESTIC VIOLENCE TO MEN WITH MEDICAL NEEDS AND ENTIRE FAMILIES...

THE REALTOR FOUNDATION SUPPORTS ORGANIZATIONS IN CENTRAL INDIANA WHO SERVE AND HOUSE OUR HOMELESS NEIGHBORS. RANGING FROM VICTIMS OF DOMESTIC VIOLENCE TO MEN WITH MEDICAL NEEDS AND ENTIRE FAMILIES, THE FOUNDATION'S GRANT RECIPIENTS JUST NEED A HELPING HAND.

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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 $289,730

Program Service Revenue $0

Investment Income $59,741

Other Revenue $113,614

TOTAL REVENUE $463,085

Expense Breakdown

Grants Paid $320,441

Salaries & Benefits $230,423

Fundraising Expenses $138,254

Program Expenses $385,313

Other Expenses $62,939

TOTAL EXPENSES $613,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,085	$383,279	+0.2%
Expenses	$613,803	$583,715	+0.1%
Net Income	$-150,718	$-200,436	-0.2%

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

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

100

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

$403,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
KATIE MALOTT	DIRECTOR	0.00	Director	$0	$0	$0
BRANDON WARFIELD	DIRECTOR	0.00	Director	$0	$0	$0
RANDY SURETTE	DIRECTOR	0.00	Director	$0	$0	$0
JAHANA STRAWTHER	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE SARGENT	DIRECTOR	0.00	Director	$0	$0	$0
DOUG DILLING	DIRECTOR	0.00	Director	$0	$0	$0
LYNN MURRAY	TREASURER	0.00	Officer Director	$0	$0	$0
MICHELLE HAMMES	PRESIDENT	0.00	Officer Director	$0	$0	$0
KYLE MORRIS	DIRECTOR	0.00	Director	$0	$0	$0
KRISTIN DIXON	DIRECTOR	0.00	Director	$0	$0	$0
VAL PENN	DIRECTOR	0.00	Director	$0	$0	$0
RACHEL CAMPBELL	DIRECTOR	0.00	Director	$0	$0	$0
DANIELLE COLEMAN	SECRETARY	0.00	Officer Director	$0	$0	$0
NICOLE JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL ALBRECHT	DIRECTOR	0.00	Director	$0	$0	$0
TERRY WAGGONER	DIRECTOR	0.00	Director	$0	$0	$0
SHELLEY SPECCHIO	EXECUTIVE DIRECTOR	1.00	Officer	$0	$53,116	$403,215

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	$463,085	$613,803	$2,554,292	$-150,718
2023	$383,279	$583,715	$2,360,963	$-200,436
2022	$497,337	$551,952	$2,353,215	$-54,615
2021	$571,913	$479,212	$2,508,757	$92,701
2020	$541,571	$433,972	$2,205,975	$107,599
2019	$410,064	$397,580	$1,918,468	$12,484
2018	$457,552	$369,476	$1,595,909	$88,076