Flanner House of Indianapolis (EIN 350942628) - Form 990 Financial Analysis & Trantor Score

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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

1897

Legal Domicile

Principal Officer

Brandon Cosby

Phone

3179254231

Tax Period

2024-01-01 to 2024-12-31

Flanner House of Indianapolis, founded in 1897, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. Expenses of $8.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

The flanner house mission is to support, advocate for, and empower individuals, children, and families by applying educational, social, and economic resources that move the community towards self-sufficiency.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,453,759

Program Service Revenue $1,712,606

Investment Income $321,851

Other Revenue $154,098

TOTAL REVENUE $6,642,314

Expense Breakdown

Grants Paid $469,270

Salaries & Benefits $4,053,742

Fundraising Expenses $0

Program Expenses $6,417,019

Other Expenses $3,689,520

TOTAL EXPENSES $8,212,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,642,314	$6,837,776	0.0%
Expenses	$8,212,532	$6,361,052	+0.3%
Net Income	$-1,570,218	$476,724	-4.3%

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

Governance

Voting Members

Independent Members

Employees

123

Volunteers

500

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

$374,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandon Cosby	Executive Dir.	40.00	Officer	$175,579	$0	$175,579
Sarah Zike	CFO	40.00	Officer	$101,771	$0	$101,771
Debra White	Deputy Director	40.00	Officer	$97,062	$0	$97,062
Korlon Kilpatrick	Treasurer	2.00	Officer Director	$0	$0	$0
Myron Hardiman	Vice President	2.00	Officer Director	$0	$0	$0
Deborah Lawrence	Chairman	2.00	Officer Director	$0	$0	$0
Jessica Garcia	Director	1.00	Director	$0	$0	$0
Patricia Payne	Director	1.00	Director	$0	$0	$0
Dr David Major	Secretary	2.00	Officer Director	$0	$0	$0
Gloria Crawford	Director	1.00	Director	$0	$0	$0
Carolyn Watts	Director	1.00	Director	$0	$0	$0

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	$6,642,314	$8,212,532	$10,592,302	$-1,570,218
2023	$6,837,776	$6,361,052	$11,225,899	$476,724
2022	$8,781,129	$8,860,618	$10,399,656	$-79,489
2021	$7,969,913	$5,557,046	$11,398,780	$2,412,867
2020	$6,775,789	$4,556,994	$9,059,392	$2,218,795
2019	$2,480,431	$2,865,629	$6,564,696	$-385,198
2018	$2,475,298	$2,160,687	$5,888,342	$314,611

Flanner House of Indianapolis