INDIANA RETAIL COUNCIL

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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

1961

Legal Domicile

Principal Officer

MELISSA L COXEY

Phone

3173315768

Tax Period

2024-01-01 to 2024-12-31

INDIANA RETAIL COUNCIL, founded in 1961, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Expenses of $287K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE INDIANA RETAIL COUNCIL IS COMMITTED TO THE NEEDS OF HOOSIER RETAILERS AND WORKS TO ENHANCE INDIANA'S RETAIL COMMUNITY AND HELP ENSURE A STABLE BUSINESS ENVIRONMENT WITH ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

THE INDIANA RETAIL COUNCIL BENEFITS INDIANA RETAILING THROUGH EFFECTIVE MANAGEMENT WITH RETAILERS, THE GENERAL PUBLIC, POLICY MAKERS, AND THE MEDIA REGARDING THE IMPACT LEGISLATIVE AND REGULATORY...

THE INDIANA RETAIL COUNCIL BENEFITS INDIANA RETAILING THROUGH EFFECTIVE MANAGEMENT WITH RETAILERS, THE GENERAL PUBLIC, POLICY MAKERS, AND THE MEDIA REGARDING THE IMPACT LEGISLATIVE AND REGULATORY PROPOSALS WILL HAVE ON THE SUCCESS OF RETAIL OPERATIONS. IRC CLOSELY MONITORS LEGISLATIVE AND REGULATORY ACTIVITY, VOICING OPPOSITION TO ANTI-BUSINESS PROPOSALS AND SUPPORTING AND PASSING BUSINESS FRIENDLY INITIATIVES. IRC PROVIDES FULL-TIME ADVOCACY SERVICES AND REPRESENTATION IN FRONT OF LEGISLATIVE AND EXECUTIVE BRANCH POLICY MAKERS. IN ADDITION TO ADVOCACY SERVICES AND REPRESENTATION, IRC PROVIDES ASSOCIATION MANAGEMENT TO ENSURE RETAILERS MAXIMIZE RESOURCES TO HAVE MAXIMUM IMPACT AT THE STATEHOUSE.

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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 $0

Program Service Revenue $187,215

Investment Income $69,518

Other Revenue $8

TOTAL REVENUE $256,741

Expense Breakdown

Grants Paid $300

Salaries & Benefits $254,630

Fundraising Expenses $0

Other Expenses $31,573

TOTAL EXPENSES $286,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,741	$265,082	0.0%
Expenses	$286,503	$309,661	-0.1%
Net Income	$-29,762	$-44,579	-0.3%

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

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

$236,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HALVORSON	CHAIR	0.50	Officer Director	$0	$0	$0
ANDREW MARTIN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID VANDERWOUDE	TREASURER	0.50	Officer Director	$0	$0	$0
MARC ARONSTAM	MEMBER	0.50	Director	$0	$0	$0
CHANELL AUTREY	MEMBER	0.50	Director	$0	$0	$0
SEAN CONNER	MEMBER	0.50	Director	$0	$0	$0
ERIC DOUGLAS	MEMBER	0.50	Director	$0	$0	$0
CHARLES MILLER	MEMBER	0.50	Director	$0	$0	$0
DENEVAN OCONNELL	MEMBER	0.50	Director	$0	$0	$0
DOUGLAS PENDLETON	MEMBER	0.50	Director	$0	$0	$0
AHMED YOUNG	MEMBER	0.50	Director	$0	$0	$0
MELISSA COXEY	PRESIDENT	40.00	Officer	$139,020	$0	$139,020
JENNIFER DREWRY	VICE PRESIDENT	40.00	Officer	$97,020	$0	$97,020

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	$256,741	$286,503	$1,531,739	$-29,762
2023	$265,082	$309,661	$1,495,864	$-44,579
2022	$265,106	$311,462	$1,426,988	$-46,356
2021	$512,110	$335,406	$1,707,784	$176,704
2020	$214,028	$355,339	$1,596,672	$-141,311
2019	$220,576	$245,281	$1,577,264	$-24,705
2018	$284,497	$273,168	$1,373,128	$11,329