FORT WAYNE, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
INDIANA TECH IS A PRIVATE, INDEPENDENT, AND NON-DENOMINATIONAL UNIVERSITY. STUDENTS ARE PREPARED FOR ACTIVE PARTICIPATION IN THE COMPLEX, GLOBAL SOCIETY OF THE 21ST CENTURY AND ARE MOTIVATED TOWARD A LIFE OF SIGNIFICANCE AND WORTH. ABOUT 1,300 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 5,500 STUDENTS ENROLLED.
AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE...
AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE SUPPORTED, INSPIRED, AND EMPOWERED TO MAXIMIZE THEIR PROFESSIONAL PROSPECTS, ADVANCE IN THEIR CAREERS, AND IMPROVE THEIR LIVES AND THE LIVES OF OTHERS. WE BELIEVE STUDENTS LEARN BEST WHEN THEY MEANINGFULLY ENGAGE WITH A REAL-WORLD PROFESSOR. WITH AN ALUM. WITH A CAUSE. WITH A TEAM. WITH A PEER. SIMPLY PUT, OUR MODEL IS HANDS-ON. INDIANA TECH OFFERS DEGREES AT THE ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS, IN FIELDS SUCH AS ENGINEERING, COMPUTER SCIENCES, CYBERSECURITY, BUSINESS, ANALYTICS, CRIMINAL JUSTICE, BIOLOGY, HEALTH SCIENCES, AND MORE. IN ALL, THE UNIVERSITY OFFERS MORE THAN 60 QUALITY DEGREE OPTIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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