INDIANA KARST CONSERVANCY

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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

1986

Legal Domicile

Principal Officer

Matthew A Selig

Phone

3178825420

Tax Period

2024-01-01 to 2024-12-31

INDIANA KARST CONSERVANCY, founded in 1986, is a micro nonprofit in the Environment sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 81% operating margin.

Mission

The Indiana Karst Conservancy is a non-profit organization dedicated to the conservation and preservation of caves and karst features in Indiana. The Conservancy encourages research and promotes education related to karst and its proper, environmentally compatible use.

Program Service Accomplishments

Program 1

Expenses: $3,885 Revenue: $0

Educational Services - The IKC has many volunteers who provide educational services to school groups, conservation groups, youth groups (e.g., Scout troops, developers, government agencies, and the general public who live in karst areas). In 2024, volunteers organized or presented at a number of events. In addition to our direct outreach, we have participated in authoring newspaper articles, have educational materials on our website, and have provided educational opportunities through our property holdings. The IKC's seven properties provide visitors with various opportunities including "wild" caving experiences, interpretive hiking on trails, and easy access to a large karst spring/resurgence. We also publish a quarterly newsletter to promote karst education opportunities and report on accomplishments. This newsletter is distributed for free to our members, supporters, and regional/national organizations and government agencies. It is also available (along with all back issues) on our public website.

Program 2

Expenses: $2,025 Revenue: $0

Land Stewardship - The Indiana Karst Conservancy over the years has acquired seven conservation properties and one conservation easement to protect and promote karst education. In 2024, we continued to expended resources (funds and volunteer labor) at our various preserves, including trail maintenance, tree planting, invasive plant control, and the restoration and maintenance of our preserves.

Program 3

Expenses: $1,550 Revenue: $950

Training - The IKC sponsored an Orientation to Cave Rescue in 2024 with approximately 25 participants. There was a participation fee but it did not cover the total cost of the training.

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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 $49,476

Program Service Revenue $950

Investment Income $7,734

Other Revenue $0

TOTAL REVENUE $58,160

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,296

Other Expenses $10,796

TOTAL EXPENSES $11,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,160	$209,126	-0.7%
Expenses	$11,296	$218,568	-0.9%
Net Income	$46,864	$-9,442	-6.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Baus	Director	2	Director	$0	$0	$0
Bruce Bowman	Director	2	Director	$0	$0	$0
Brandon Chasteen	Director	2	Director	$0	$0	$0
Jeff Cody	Director	2	Director	$0	$0	$0
Scott Frosch	Director	2	Director	$0	$0	$0
Danyele Green	Director	2	Director	$0	$0	$0
Goni Iskali	Director	2	Director	$0	$0	$0
Joe Kinder	Director	2	Director	$0	$0	$0
Cris Seuell	Director	2	Director	$0	$0	$0
Tom Sollman	Director	2	Director	$0	$0	$0
Carla Striegel-Winner	Director	2	Director	$0	$0	$0
Richard Vernier	Director	2	Director	$0	$0	$0
Matt Selig	President	10	Officer	$0	$0	$0
Laura Demarest	Secretary	4	Officer	$0	$0	$0
Keith Dunlap	Treasurer	10	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	$58,160	$11,296	$1,708,150	$46,864
2023	$209,126	$218,568	$1,552,628	$-9,442
2022	$35,924	$9,577	$1,256,562	$26,347
2021	$450,505	$25,058	$1,336,474	$425,447
2020	$54,954	$76,942	$870,381	$-21,988