INDIANAPOLIS BAR ASSOCIATION INC

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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

1878

Legal Domicile

Principal Officer

JULIE ARMSTRONG

Phone

3172692000

Tax Period

2023-01-01 to 2023-12-31

INDIANAPOLIS BAR ASSOCIATION INC, founded in 1878, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023.

Mission

TO SERVE ITS MEMBERS, PROMOTE JUSTICE, AND ENHANCE THE LEGAL PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $2,106,519 Revenue: $943,335

TO SERVE ITS MEMBERS, PROMOTE JUSTICE, AND ENHANCE THE LEGAL PROFESSION THROUGH CONTINUING EDUCATION (EDUCATIONAL EVENTS, PROGRAMMING, AND NETWORKING OPPORTUNITIES FOR ATTORNEYS, PARALEGALS, AND LAW STUDENTS), BAR REVIEW (COSTS ASSOCIATED WITH THE PRODUCTION AND IMPLEMENTATION OF 28 DAY COURSE OFFERED TWICE ANNUALLY FOR LAW STUDENTS PREPARING TO SIT FOR THE BAR EXAMINATION) AND DIVERSITY JOB FAIR - EXPENSES RELATED TO TWO DAY JOB FAIR SPECIFICALLY FOCUSED ON MINORITY LAW STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,181,586

Program Service Revenue $943,335

Investment Income $30,477

Other Revenue $48

TOTAL REVENUE $2,155,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $920,060

Fundraising Expenses $0

Program Expenses $2,106,519

Other Expenses $1,186,459

TOTAL EXPENSES $2,106,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,155,446	$2,131,146	+0.0%
Expenses	$2,106,519	$2,119,780	0.0%
Net Income	$48,927	$11,366	+3.3%

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

$238,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIANA FIGUEROA	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
BARATH RAMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARNETTE GARNER	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH DOBBINS	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETH EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ROBERSON	DIRECTOR	1.00	Director	$0	$0	$0
HELEN MARCHAL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NUSSBAUM	DIRECTOR	1.00	Director	$0	$0	$0
JIMMIE MCMILLIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GALLO	DIRECTOR	1.00	Director	$0	$0	$0
JON FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BRAVO	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE JACKSON-LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
LACEY BERKSHIRE	DIRECTOR	1.00	Director	$0	$0	$0
MINDY WESTRICK BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN DECKER	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS HUANG	DIRECTOR	1.00	Director	$0	$0	$0
REYNOLD BERRY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
SONYA SEEDER	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR KIRKLIN	DIRECTOR	1.00	Director	$0	$0	$0
TRINA SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GEYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID DUNCAN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
LEE CHRISTIE	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDER LIMONTES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD MORGAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RAEGAN GIBSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS VAN WINKLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM CHRISTENSEN	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY ANGEL	SECRETARY	1.00	Officer Director	$0	$0	$0
ALICIA GOODEN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Officer	$187,383	$51,466	$238,849

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	No data	No data	No data	No data
2023	$2,155,446	$2,106,519	$6,656,245	$48,927
2022	$2,131,146	$2,119,780	$6,593,696	$11,366
2021	$1,963,024	$1,882,089	$2,640,224	$80,935
2020	$1,696,890	$1,536,924	$2,279,003	$159,966
2019	$2,141,512	$2,015,868	$2,042,705	$125,644
2018	$2,176,410	$2,008,753	$1,730,059	$167,657