INDIANA COMPENSATION RATING BUREAU

EIN: 350837318

INDIANAPOLIS, IN

Total Revenue
$2,836,616
Total Expenses
$2,716,728
Total Assets
$2,465,109
Net Assets
$1,982,715
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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
1935
Legal Domicile
IN
Principal Officer
PAUL KEATHLEY
Phone
3178422800
Tax Period
2024-01-01 to 2024-12-31

INDIANA COMPENSATION RATING BUREAU, founded in 1935, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 4% surplus.

Mission

TO REGULATE WORKER COMPENSATION RATES IN THE STATE OF INDIANA.

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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 $2,836,616
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,836,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,350,065
Fundraising Expenses $0
Other Expenses $1,366,663
TOTAL EXPENSES $2,716,728

Year-over-Year Comparison

2024 2023 Change
Revenue $2,836,616 $2,739,998 +0.0%
Expenses $2,716,728 $2,821,159 0.0%
Net Income $119,888 $-81,161 -2.5%
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

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
8
Independent Members
8
Employees
11
Volunteers
9

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
$738,425
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IRA FEUERLICHT THRU JUNE 2024 CHAIRPERSON 2.00
Officer Director
$0 $0 $0
FRANK BAKER CO-CHAIR VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
EDWIN HERRERA GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
ROB SMITH GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
LINDSAY LADIN CO-CHAIR GOVERNING BOARD MEMBER 0.30
Officer Director
$0 $0 $0
SCOTT DAHLAGER GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
ALLISON SIDNAM GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
CRAIG EVANS GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
MICHAEL NUNNEY GOVERNING BOARD MEMBER 0.30
Director
$0 $0 $0
PAUL KEATHLEY PRESIDENT 40.00
Officer
$215,927 $100,058 $315,985
JENNIFER COX FINANCE DIRECTOR 40.00
Officer
$132,731 $26,787 $159,518
SCOTT LEREW VICE PRESIDENT 40.00
Officer
$184,969 $77,953 $262,922
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 $2,836,616 $2,716,728 $2,465,109 $119,888
2023 $2,739,998 $2,821,159 $2,302,336 $-81,161
2022 $3,585,076 $2,768,653 $2,458,743 $816,423
2021 $2,991,237 $2,820,017 $1,189,400 $171,220
2020 $2,802,313 $4,360,222 $1,036,241 $-1,557,909
2019 $3,135,197 $3,185,359 $2,623,705 $-50,162
2018 $2,914,993 $3,051,282 $2,628,483 $-136,289
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