INDIANA FISCAL POLICY INSTITUTE INC (EIN 350411770) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

STEPHANIE WELLS

Phone

3175143184

Tax Period

2024-07-01 to 2025-06-30

INDIANA FISCAL POLICY INSTITUTE INC, founded in 1987, is a small nonprofit in the Public & Societal Benefit sector that reported $214K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 16% operating margin.

Mission

TO ENHANCE THE EFFECTIVENESS AND ACCOUNTABILITY OF STATE AND LOCAL GOVERNMENT THROUGH EDUCATION OF: PUBLIC SECTOR, BUSINESS AND LABOR LEADERS ON SIGNIFICANT FISCAL POLICY ISSUES AND THE CONSEQUENCES OF STATE AND LOCAL DECISIONS.

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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 $141,410

Program Service Revenue $72,890

Investment Income $2

Other Revenue $0

TOTAL REVENUE $214,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,552

Fundraising Expenses $5,702

Program Expenses $137,684

Other Expenses $60,025

TOTAL EXPENSES $179,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,302	$157,725	+0.4%
Expenses	$179,577	$188,743	0.0%
Net Income	$34,725	$-31,018	-2.1%

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

$119,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BOTTORFF	CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN BROCK WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
MARK FISHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW MILLER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TORY CASTOR	SECRETARY	1.00	Officer Director	$0	$0	$0
TONY HAHN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALECIA NAFZIGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ROEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW GRELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATRINA HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY ARANGO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE LOFTUS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOMINICK CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN HEATER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HAMMOND III	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH SMITH HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PRYOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE MCGRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANN MCKEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RICHARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY DUBOIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEN GUTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN SUFAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRENA ROUDEBUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH SUTHERLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE WELLS	PRESIDENT	40.00	Officer	$119,552	$0	$119,552

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	$214,302	$179,577	$45,976	$34,725
2024	$157,725	$188,743	$10,226	$-31,018
2023	$103,334	$92,910	$45,727	$10,424
2022	$67,341	$108,485	$30,745	$-41,144
2021	$42,146	$116,989	$73,364	$-74,843
2020	$66,842	$123,613	$146,182	$-56,771
2019	$94,017	$71,318	$202,953	$22,699
2018	$140,929	$128,796	$182,194	$12,133

INDIANA FISCAL POLICY INSTITUTE INC