James Whitcomb Riley Memorial Association

EIN: 350868147 501(c)(3) Philanthropy & Grantmaking

Indianapolis, IN

Total Revenue
$72,810,348
Total Expenses
$65,891,897
Total Assets
$558,205,733
Net Assets
$513,670,535
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
IN
Phone
3176344474
Tax Period
2024-07-01 to 2025-06-30

James Whitcomb Riley Memorial Association, founded in 1921, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $72.8M in total revenue in fiscal year 2024. Expenses of $65.9M left a modest 10% surplus.

Mission

THE ENDOWMENT'S VISION IS TO ENSURE ALL CHILDREN HAVE EQUITABLE ACCESS TO EXCEPTIONAL HEALTHCARE SO THEY MAY REACH THEIR OPTIMAL HEALTH AND QUALITY OF LIFE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,066,173
Program Service Revenue $32,942
Investment Income $23,158,661
Other Revenue $-447,428
TOTAL REVENUE $72,810,348

Expense Breakdown

Grants Paid $49,286,268
Salaries & Benefits $8,987,318
Fundraising Expenses $10,706,239
Program Expenses $49,703,773
Other Expenses $7,161,194
TOTAL EXPENSES $65,891,897

Year-over-Year Comparison

2024 2023 Change
Revenue $72,810,348 $73,770,218 0.0%
Expenses $65,891,897 $57,522,269 +0.1%
Net Income $6,918,451 $16,247,949 -0.6%
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

Sign In

Governance

Voting Members
35
Independent Members
35
Employees
83
Volunteers
100

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
$1,237,975
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabriel Alejandro Treasurer (Eff 11/2024) 2.5
Officer Director
$0 $0 $0
Leah Corinne Martinson MD Chairman (Eff 11/2024) 2.5
Officer Director
$0 $0 $0
Otto N Frenzel IV Vice Chair & Secretary (Eff 11/2024) 2.5
Officer Director
$0 $0 $0
Alan L Schwartz Board Member 1.0
Director
$0 $0 $0
Alonzo Weems Board Member 1.0
Director
$0 $0 $0
Amy Balcius Board Member 1.0
Director
$0 $0 $0
C Perry Griffith Jr Board Member 1.0
Director
$0 $0 $0
Casey Crouse Board Member 1.0
Director
$0 $0 $0
Christine Ricks Board Member (Begin 11/2024) 1.0
Director
$0 $0 $0
Dan Hann Board Member 1.0
Director
$0 $0 $0
Dennis M Murphy Board Member 1.0
Director
$0 $0 $0
Faraz Abbasi Board Member 1.0
Director
$0 $0 $0
Georgette Smith Board Member 1.0
Director
$0 $0 $0
J Murray Clark Chairman (End 11/2024) 2.5
Director
$0 $0 $0
Jana Hageman Board Member 1.0
Director
$0 $0 $0
Janet Holcomb Board Member 1.0
Director
$0 $0 $0
Jay Hess Board Member 1.0
Director
$0 $0 $0
Jerome Henry Jr Board Member 1.0
Director
$0 $0 $0
John Ackerman Board Member 1.0
Director
$0 $0 $0
John Dillon III Board Member (End 6/30/2025) 1.0
Director
$0 $0 $0
Jon Owens Board Member 1.0
Director
$0 $0 $0
Joseph Smith Board Member (Begin 11/2024) 1.0
Director
$0 $0 $0
Joyce Rogers Board Member 1.0
Director
$0 $0 $0
Julie Eskenazi Board Member 1.0
Director
$0 $0 $0
Kristian Stricklen Board Member 1.0
Director
$0 $0 $0
Kristin Pruitt Board Member (Begin 11/2024) 1.0
Director
$0 $0 $0
Laurie Burns McRobbie Board Member 1.0
Director
$0 $0 $0
Marisol Sanchez Board Member 1.0
Director
$0 $0 $0
Mark Smith Board Member 1.0
Director
$0 $0 $0
Marta Birge Board Member 1.0
Director
$0 $0 $0
Mary Boelke Board Member 1.0
Director
$0 $0 $0
Michael L Smith Board Member (End 11/2024) 2.5
Director
$0 $0 $0
Pamela Whitten Board Member 1.0
Director
$0 $0 $0
Rachel Lechleiter Board Member (Begin 11/2024) 1.0
Director
$0 $0 $0
Regina Cross Board Member 1.0
Director
$0 $0 $0
Rev Edward A Malloy Board Member (End 11/2024) 1.0
Director
$0 $0 $0
Robert G Jones Board Member 1.0
Director
$0 $0 $0
Steve Dawson Board Member 1.0
Director
$0 $0 $0
Elizabeth A Elkas President and CEO (End 12/2024) 40.0
Officer
$583,753 $39,885 $623,638
Karen Spataro Chief Campaign Strategy & Communications Officer 40.0
Officer
$256,287 $34,323 $290,610
Meghan Miller Chief Operating Officer 40.0
Officer
$280,977 $42,750 $323,727
Alane Helmer VP, Corporate and Foundation 40.0
Highest
$138,637 $32,318 $170,955
Bill Hale VP, People 40.0
Highest
$179,363 $24,173 $203,536
Billy Jo Cripe VP, Finance 40.0
Highest
$189,150 $15,075 $204,225
Cara Lathrop VP, Community Giving 40.0
Highest
$213,609 $15,738 $229,347
Meghan Freeman AVP, Marketing and Communications 40.0
Highest
$139,837 $11,188 $151,025
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 $72,810,348 $65,891,897 $558,205,733 $6,918,451
2024 $73,770,218 $57,522,269 $506,758,930 $16,247,949
2023 $48,169,497 $48,724,140 $459,217,404 $-554,643
2022 $68,543,198 $45,852,346 $429,029,854 $22,690,852
2021 $48,925,083 $46,874,411 $468,556,555 $2,050,672
2020 $19,574,216 $47,783,133 $387,543,963 $-28,208,917
2019 $40,073,840 $44,903,101 $400,295,560 $-4,829,261
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare James Whitcomb Riley Memorial Association with other nonprofits in Indiana and across the country.