INDIANA INSTITUTE OF TECHNOLOGY INC (EIN 350845258) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Phone

2604425561

Tax Period

2024-07-01 to 2025-06-30

INDIANA INSTITUTE OF TECHNOLOGY INC, founded in 1948, is a major nonprofit in the Education sector that reported $144.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $125.1M left a modest 13% surplus.

Mission

PROVIDES LEARNERS WITH CAREER-FOCUSED, PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, AND GENERAL STUDIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,107,769

Program Service Revenue $102,671,116

Investment Income $13,389,815

Other Revenue $59,918

TOTAL REVENUE $144,228,618

Expense Breakdown

Grants Paid $46,696,519

Salaries & Benefits $34,881,565

Fundraising Expenses $2,605,728

Program Expenses $99,071,392

Other Expenses $43,356,845

TOTAL EXPENSES $125,056,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,228,618	$101,696,525	+0.4%
Expenses	$125,056,129	$109,583,110	+0.1%
Net Income	$19,172,489	$-7,886,585	-3.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1052

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

$1,015,866

Total Directors

$854,565

Key Employees

$797,605

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karl W Einolf	President	40.0	Officer Director	$551,991	$141,412	$693,403
Anthony J Juliano	Trustee	1.0	Director	$0	$0	$0
Arnold O Pierson	Trustee	1.0	Director	$0	$0	$0
Cheri A Becker	Trustee	1.0	Director	$0	$0	$0
Clifford M Clark	Trustee	1.0	Director	$0	$0	$0
CRYSTAL THOMAS	TRUSTEE	1.0	Director	$0	$0	$0
D Geoffrey Paddock	Trustee	1.0	Director	$0	$0	$0
David J Nash	Trustee	1.0	Director	$0	$0	$0
Dena M Jacquay	Trustee	1.0	Director	$0	$0	$0
Gregg C Sengstack	Trustee	1.0	Director	$0	$0	$0
Jack Phlipot	Associate Professor	40.0	Director	$121,369	$39,793	$161,162
Jarrod R Stoller	Trustee	1.0	Director	$0	$0	$0
Jeffrey A Benzing	Trustee	1.0	Director	$0	$0	$0
JEFFREY WITTE	TRUSTEE	1.0	Director	$0	$0	$0
John Kunze	Trustee	1.0	Director	$0	$0	$0
Mark Dely	Trustee	1.0	Director	$0	$0	$0
Richard J Schul	Trustee	1.0	Director	$0	$0	$0
Thomas L Burns	Trustee	1.0	Director	$0	$0	$0
Wendy Kobler	Trustee	1.0	Director	$0	$0	$0
Whitney Bandemer	Trustee	1.0	Director	$0	$0	$0
William Daugherty	Trustee	1.0	Director	$0	$0	$0
Judy K Roy	Treasurer	40.0	Officer	$274,129	$48,334	$322,463
Daniel J Stoker	VP Student Affairs	40.0	Key Emp	$176,182	$47,358	$223,540
Kathleen H Watland	VPAA	40.0	Key Emp	$204,931	$60,888	$265,819
Steve A Herendeen	VP Enrollment Management	40.0	Key Emp	$224,358	$83,888	$308,246
Brian W Engelhart	VP/Exec Director Junction 36	40.0	Highest	$143,688	$52,470	$196,158
Jeffrey S Leichty	VP/CIO	40.0	Highest	$143,661	$54,174	$197,835
Lori A Fincannon	Dean College of Business	40.0	Highest	$157,620	$49,514	$207,134
Michelle R Musolf	AVP/Controller	40.0	Highest	$148,113	$46,606	$194,719
Stephanos Mavromoustakos	Associate Dean	40.0	Highest	$165,156	$52,857	$218,013

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	$144,228,618	$125,056,129	$347,832,960	$19,172,489
2024	$101,696,525	$109,583,110	$332,648,381	$-7,886,585
2023	$87,182,224	$94,726,379	$320,817,510	$-7,544,155
2022	$115,536,261	$98,047,098	$320,737,366	$17,489,163
2021	$108,107,562	$95,245,973	$325,851,841	$12,861,589
2020	$97,349,817	$93,576,478	$274,881,086	$3,773,339
2019	$102,126,239	$93,738,068	$276,713,412	$8,388,171
2018	$116,308,558	$91,406,100	$245,356,339	$24,902,458

INDIANA INSTITUTE OF TECHNOLOGY INC