Indiana Chamber of Commerce Inc

EIN: 350411610

Indianapolis, IN

Total Revenue
$10,630,920
Total Expenses
$10,618,204
Total Assets
$11,431,431
Net Assets
$3,099,547
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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
1922
Legal Domicile
IN
Phone
3172643110
Tax Period
2024-11-01 to 2025-10-31

Indiana Chamber of Commerce Inc, founded in 1922, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

PARTNER WITH 16,000 MEMBERS & INVESTORS, 3 MILLION HOOSIERS, TO ACHIEVE THE MISSION OF CULTIVATING A WORLD-CLASS ENVIRONMENT WHICH PROVIDES ECONOMIC OPPORTUNITY AND PROSPERITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,472,508
Investment Income $158,412
Other Revenue $0
TOTAL REVENUE $10,630,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,354,667
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,263,537
TOTAL EXPENSES $10,618,204

Year-over-Year Comparison

2024 2023 Change
Revenue $10,630,920 $11,743,846 -0.1%
Expenses $10,618,204 $12,731,477 -0.2%
Net Income $12,716 $-987,631 -1.0%
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

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Governance

Voting Members
19
Independent Members
19
Employees
61
Volunteers
438

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
5
$667,140
Total Directors
19
$0
Key Employees
2
$410,505
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA PROFFITT DIRECTOR, CHAIR 1.0
Officer Director
$0 $0 $0
PHIL BOUNSALL DIRECTOR, TREASURER 1.0
Officer Director
$0 $0 $0
SCOTT BRAND DIRECTOR, VICE CHAIR 1.0
Officer Director
$0 $0 $0
ANNE HATHAWAY DIRECTOR 1.0
Director
$0 $0 $0
BILL BARRETT DIRECTOR 1.0
Director
$0 $0 $0
BILL SOARDS DIRECTOR 1.0
Director
$0 $0 $0
BRANDT BURDICK DIRECTOR 1.0
Director
$0 $0 $0
CHUCK BALDWIN DIRECTOR 1.0
Director
$0 $0 $0
DENNIS MURPHY DIRECTOR 1.0
Director
$0 $0 $0
DEVIN ANDERSON DIRECTOR 1.0
Director
$0 $0 $0
DOUG PETITT DIRECTOR (START 11/1/24) 1.0
Director
$0 $0 $0
GRETCHEN GUTMAN DIRECTOR 1.0
Director
$0 $0 $0
KIP CHASE DIRECTOR (START 11/1/24) 1.0
Director
$0 $0 $0
MAMON POWERS DIRECTOR (START 11/1/24) 1.0
Director
$0 $0 $0
MARIO RODRIGUEZ DIRECTOR 1.0
Director
$0 $0 $0
MARK MILES DIRECTOR 1.0
Director
$0 $0 $0
RACHEL OSTING DIRECTOR 1.0
Director
$0 $0 $0
SCOTT MCCORKLE DIRECTOR 1.0
Director
$0 $0 $0
STAN PINEGAR DIRECTOR 1.0
Director
$0 $0 $0
DARLA BARNETT VP FINANCE AND CFO 50.0
Officer
$183,554 $26,930 $210,484
VANESSA SINDERS PRESIDENT AND CEO 45.0
Officer
$410,296 $46,360 $456,656
DAVID OBER SR VP BUSINESS OPERATIONS & FINANCE 50.0
Key Emp
$175,150 $30,535 $205,685
REBECCA PATRICK SR VP COMMUNICATIONS 50.0
Key Emp
$179,766 $25,054 $204,820
ADAM BERRY VP ECONOMIC DEVELOPMENT & TECHNOLOGY 50.0
Highest
$149,926 $14,432 $164,358
GREG ELLIS VP ENVIRONMENTAL & ENERGY (END 12/20/24) 50.0
Highest
$161,442 $54,991 $216,433
JASON BEARCE VP EDUCATION & WORKFORCE DEV (END 12/13/24) 40.0
Highest
$166,455 $9,541 $185,996
JEFF BRANTLEY SR VP POLITICAL AFFAIRS & FDN 40.0
Highest
$222,619 $31,645 $289,264
JESSICA BROTHERS SR DIRECTOR BUSINESS EDUCATION & EVENT PARTNERSHIPS 50.0
Highest
$166,027 $9,371 $175,398
BROCK HESLER VP MEMBERSHIP & FDN RELATIONS (END 5/10/24) 45.0
$146,734 $20,859 $176,447
JENNIFER ELKIN SR VP MARKETING (END 5/10/24) 40.0
$320,413 $20,257 $340,670
KEVIN BRINEGAR PRESIDENT AND CEO (END 1/5/24) 45.0
$241,548 $4,987 $246,535
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
2025 $10,630,920 $10,618,204 $11,431,431 $12,716
2024 $11,743,846 $12,731,477 $11,773,811 $-987,631
2023 $11,636,500 $11,445,669 $13,354,859 $190,831
2022 $10,261,881 $9,978,489 $7,894,910 $283,392
2021 $9,012,337 $8,003,599 $7,969,791 $1,008,738
2020 $8,495,972 $8,304,382 $6,779,381 $191,590
2019 $9,027,513 $8,896,236 $6,898,798 $131,277
2018 $8,862,943 $8,943,303 $5,775,659 $-80,360
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