Greater Indianapolis Chamber of Commerce Inc

EIN: 350412920

Indianapolis, IN

Total Revenue
$9,993,565
Total Expenses
$10,863,574
Total Assets
$11,663,195
Net Assets
$8,678,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
IN
Phone
3174642200
Tax Period
2023-01-01 to 2023-12-31

Greater Indianapolis Chamber of Commerce Inc, founded in 1890, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE (CHAMBER) IS TO CREATE ADVANTAGES FOR BUSINESSES WITHIN THE INDIANAPOLIS AREA BY PROMOTING INITIATIVES WHICH ENHANCE BUSINESS, AND TO DELIVER PRODUCTS AND SERVICES WHICH ANTICIPATE, MEET OR EXCEED THE NEEDS OF MEMBERS. (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

MEMBERSHIP: THE INDY CHAMBER CONTINUES TO SERVE AS A VOICE OF PROGRESS AND IMPROVEMENT IN THE REGION, UNITING BUSINESS AND COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS. OUR ADVOCACY...

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MEMBERSHIP: THE INDY CHAMBER CONTINUES TO SERVE AS A VOICE OF PROGRESS AND IMPROVEMENT IN THE REGION, UNITING BUSINESS AND COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS. OUR ADVOCACY EFFORTS, NETWORKING EVENTS, EDUCATIONAL OFFERINGS AND EXCLUSIVE SAVINGS PROGRAMS POSITION MEMBERS, BUSINESS LEADERS, AND THE COMMUNITY FOR SUCCESS. WE ARE COMMITTED TO MOVING INDIANAPOLIS INTO THE 21ST CENTURY, WHILE MAKING INDIANAPOLIS THE BEST PLACE TO LIVE AND DO BUSINESS. THE CHAMBER SERVES NEARLY 2,000 MEMBERS, REPRESENTING APPROXIMATELY 230,000 EMPLOYEES IN CENTRAL INDIANA, WITH MEMBER EVENTS, SEMINARS, INTERCITY VISITS, AND DATA TO HELP THE MEMBERS ENHANCE THEIR COMPETITIVENESS IN THE INDIANAPOLIS COMMUNITY. THE CHAMBER SPONSORS AND HOSTS EVENTS THROUGHOUT THE YEAR THAT SUPPORT THE INDIANAPOLIS ECONOMIC COMMUNITY. BOTH THE CHAMBER & COMMUNITY MEMBERS ARE WELCOME AT THESE EVENTS.

Program 2

BUSINESS ADVOCACY: THE CHAMBER IS LEADING THE EFFORT TO STRENGTHEN THE BUSINESS CLIMATE, IMPROVE THE STATE OF EDUCATION, REVITALIZE NEIGHBORHOODS AND ENHANCE THE REGION'S WORKFORCE. THE CHAMBER...

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BUSINESS ADVOCACY: THE CHAMBER IS LEADING THE EFFORT TO STRENGTHEN THE BUSINESS CLIMATE, IMPROVE THE STATE OF EDUCATION, REVITALIZE NEIGHBORHOODS AND ENHANCE THE REGION'S WORKFORCE. THE CHAMBER ADVOCATES AND LOBBIES ON BEHALF OF THE CENTRAL INDIANA BUSINESS COMMUNITY REGARDING ISSUES THAT AFFECT PRIVATE INDUSTRY WITH THE GOAL OF MAKING INDIANAPOLIS THE BEST PLACE TO LIVE AND DO BUSINESS. ISSUES INCLUDE WORKFORCE DEVELOPMENT, EDUCATION REFORM, TRANSIT, ECONOMIC DEVELOPMENT AND SUSTAINABILITY, AND INFRASTRUCTURE IMPROVEMENTS.

Program 3

ECONOMIC DEVELOPMENT: THE CHAMBER CREATES SYNERGIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF INDIANAPOLIS. THESE PROGRAMS PROMOTE THE COMMON INTERESTS OF BUSINESSES AND IMPROVE GENERAL BUSINESS...

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ECONOMIC DEVELOPMENT: THE CHAMBER CREATES SYNERGIES FOR THE CONTINUED ECONOMIC DEVELOPMENT OF INDIANAPOLIS. THESE PROGRAMS PROMOTE THE COMMON INTERESTS OF BUSINESSES AND IMPROVE GENERAL BUSINESS CONDITIONS BY PROMOTING, ENCOURAGING AND AIDING THE FORMATION, OPERATION, AND EXPANSION OF NUMEROUS TYPES OF BUSINESSES, AND TO DEVELOP AND ADMINISTER PROGRAMS TO ENCOURAGE EMPLOYERS TO LOCATE AND REMAIN IN THE GREATER INDIANAPOLIS AREA. THE FOCUS IS TO STRATEGICALLY MAXIMIZE PRIVATE SECTOR INVESTMENT, TO DRIVE ECONOMIC DEVELOPMENT AND PROSPERITY FOR THE GREATER INDIANAPOLIS REGION BY CREATING AN ENVIRONMENT OF GROWTH, INVESTMENT AND ENHANCED QUALITY OF LIFE, AND TO WORK TOWARD MAKING INDIANAPOLIS A GLOBAL HUB FOR SMART BUSINESS AND A COMMUNITY OF THRIVING NEIGHBORHOODS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,331,812
Program Service Revenue $7,594,331
Investment Income $731,596
Other Revenue $335,826
TOTAL REVENUE $9,993,565

Expense Breakdown

Grants Paid $275,052
Salaries & Benefits $6,002,041
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,586,481
TOTAL EXPENSES $10,863,574

Year-over-Year Comparison

2023 2022 Change
Revenue $9,993,565 $10,005,228 0.0%
Expenses $10,863,574 $10,601,588 +0.0%
Net Income $-870,009 $-596,360 +0.5%
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

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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
137
Independent Members
137
Employees
68
Volunteers
300

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
6
$733,400
Total Directors
136
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (UNTIL 6/30/2023) 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A LIFE DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (UNTIL 3/22/2023) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A LIFE DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Life DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director (UNTIL 4/15/2023) 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A LIFE DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR (UNTIL 7/31/2023) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR (UNTIL 5/31/2023 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director (UNTIL 7/26/2023) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Life Director 1.0
Director
$0 $0 $0
N/A PRESIDENT/CEO (AS OF 12/01/2023) 40.0
Officer
$108,333 $3,703 $112,036
N/A INTERIM PRESIDENT & CEO (UNTIL 12/01/2023) 40.0
Officer
$345,686 $103 $345,789
N/A Chief Financial Officer (UNTIL 8/25/2023) 40.0
Officer
$231,315 $44,260 $275,575
N/A VP GOVERNMENT AFFAIRS 40.0
Highest
$188,258 $17,572 $205,830
N/A CHIEF REVENUE OFFICER 35.0
Highest
$320,965 $35,775 $356,740
N/A SVP, REGIONAL ECONOMIC DEVELOPMENT 40.0
Highest
$187,879 $35,892 $223,771
N/A SVP OF ENTERPRISE DEVELOPMENT 40.0
Highest
$183,609 $32,698 $216,307
N/A CHIEF STRATEGY OFFICER/CHIEF OF STAFF 40.0
Highest
$175,566 $47,653 $223,219
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 $9,993,565 $10,863,574 $11,663,195 $-870,009
2022 $10,005,228 $10,601,588 $15,520,349 $-596,360
2021 $11,498,115 $9,597,856 $15,080,070 $1,900,259
2019 $10,359,968 $9,385,058 $10,718,604 $974,910
2018 $8,724,021 $9,522,504 $9,717,358 $-798,483
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