INDIANA BANKERS ASSOCIATION INC (EIN 350407470) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1897

Legal Domicile

Principal Officer

RODNEY E LASLEY

Phone

3173879380

Tax Period

2024-01-01 to 2024-12-31

INDIANA BANKERS ASSOCIATION INC, founded in 1897, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $477K, a strong 21% operating margin.

Mission

TO PROVIDE ADVOCACY, QUALITY EDUCATION, AND KNOWLEDGE-SHARING TO INDIANA'S BANKING INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,975,086

Investment Income $83,990

Other Revenue $169,714

TOTAL REVENUE $2,228,790

Expense Breakdown

Grants Paid $4,450

Salaries & Benefits $1,360,019

Fundraising Expenses $0

Other Expenses $387,480

TOTAL EXPENSES $1,751,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,228,790	$2,000,514	+0.1%
Expenses	$1,751,949	$1,833,361	0.0%
Net Income	$476,841	$167,153	+1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$733,225

Total Directors

$508,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN J BOCHNOWSKI	CHAIRMAN	1.00	Director	$0	$0	$0
MATTHEW W HOWREY	FIRST VICE CHAIRMAN	1.00	Director	$0	$0	$0
DAVID M FINDLAY	SECOND VICE CHAIRMAN	1.00	Director	$0	$0	$0
JAMIE R SHINABARGER	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
KENT A LIECHTY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARRY D KLEER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN B WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL J CLAMPITT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADLEY MONTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE M RUGE-PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
J DANIEL MADDOX	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK E BRUIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC J LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK DOC HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE LORCH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER R VAN TIL	CEO	24.00	Officer Director	$461,587	$47,405	$508,992
RODNEY E LASLEY	COO	24.00	Officer	$196,139	$28,094	$224,233
CHRISTINA M BENNETT	VP- MEETINGS & EVENTS	40.00	Highest	$132,898	$28,562	$161,460
DAX E DENTON	CHIEF POLICY OFFICER	40.00	Highest	$174,010	$39,637	$213,647
LAURIE A REES	VP- EDUCATION & TRAINING	2.00	Highest	$134,810	$29,717	$164,527

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	$2,228,790	$1,751,949	$7,022,344	$476,841
2023	$2,000,514	$1,833,361	$6,461,828	$167,153
2022	$2,288,214	$2,624,612	$6,670,882	$-336,398
2021	$2,054,584	$1,922,681	$6,046,982	$131,903
2020	$2,077,704	$2,110,208	$5,276,010	$-32,504
2019	$2,008,072	$2,042,893	$4,962,775	$-34,821
2018	$1,910,695	$1,917,345	$4,733,686	$-6,650

INDIANA BANKERS ASSOCIATION INC