UNITED WAY OF CENTRAL INDIANA INC

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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

1921

Legal Domicile

Phone

3179231466

Tax Period

2023-07-01 to 2024-06-30

UNITED WAY OF CENTRAL INDIANA INC, founded in 1921, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $77.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 19% operating margin.

Mission

UNITED WAY OF CENTRAL INDIANA PARTNERS TO DESIGN, SUPPORT AND GROW SYSTEMS THAT ACCELERATE FINANCIAL STABILITY AND UPWARD MOBILITY FOR INDIVIDUALS AND FAMILIES LIVING IN OR NEAR POVERTY AND STRIVING FOR A BRIGHTER FUTURE. OUR VISION IS THAT CENTRAL INDIANA WILL BE A COMMUNITY WHERE CHILDREN, INDIVIDUALS AND FAMILIES THRIVE; NEIGHBORS CARE FOR EACH OTHER; AND WE ARE PROUD OF ALL OUR RESIDENTS' QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $14,675,605 Revenue: $0

FAMILY OPPORTUNITY STRATEGY: OUR FAMILY OPPORTUNITY STRATEGY IS GROUNDED IN THE PRACTICE OF THE TWO-GENERATION APPROACH (2GEN), WHICH COMBINES INVESTMENTS, PROGRAMS AND SERVICES IN EDUCATION...

FAMILY OPPORTUNITY STRATEGY: OUR FAMILY OPPORTUNITY STRATEGY IS GROUNDED IN THE PRACTICE OF THE TWO-GENERATION APPROACH (2GEN), WHICH COMBINES INVESTMENTS, PROGRAMS AND SERVICES IN EDUCATION, WORKFORCE DEVELOPMENT, AND OVERALL HEALTH AND WELL-BEING TO CREATE POSITIVE OUTCOMES FOR CHILDREN AND THE ADULTS IN THEIR LIVES TOGETHER. 2GEN IS A POVERTY REDUCTION STRATEGY, AIMED AT BREAKING INTERGENERATIONAL POVERTY WHILE REMOVING BARRIERS TO OPPORTUNITY. SERVICE DELIVERY IS ACCOMPLISHED THROUGH RESEARCH AND EVALUATION, GRANTMAKING AND COMMUNITY INVESTMENTS, CAPACITY BUILDING AND COMMUNITY ENGAGEMENT, ADVOCACY AND PUBLIC POLICY, THOUGHT LEADERSHIP AND CONVENING, AND PROGRAMMING SUCH AS THE CENTERS FOR WORKING FAMILIES, PARENT ADVISORY COUNCIL, AND READUP. ONE OF THE LARGEST INVESTMENTS OF THE FAMILY OPPORTUNITY STRATEGY IS ITS FAMILY OPPORTUNITY FUND (FOF). IN 2023/24, UWCI AWARDED $10 MILLION IN FOF GRANTS TO 29 CBOS.

Program 2

Expenses: $14,162,576 Revenue: $0

BASIC NEEDS INITIATIVES: OUR BASIC NEEDS INITIATIVES PROVIDES ESSENTIAL SERVICES TO OUR MOST VULNERABLE NEIGHBORS AND LIFE-SAVING ASSISTANCE TO THOSE IN CRISIS SITUATIONS - HELPING THOSE IN IMMEDIATE NEED SURVIVE TODAY SO THEY CAN THRIVE TOMORROW. UWCI ACCOMPLISHED THIS THROUGH A NUMBER OF PROGRAMS AND ACTIVITIES: IN 2023/24 UWCI GRANTED $12.45 MILLION TO 60 ORGANIZATIONS THROUGH OUR BASIC NEEDS IMPACT FUND. THESE GRANTS HELPED 40,752 STRUGGLING INDIVIDUALS GAIN ACCESS AND RETAIN AFFORDABLE HOUSING; HELPED 55,661 PEOPLE ACCESS HEALTHY FOOD AND NUTRITION PROGRAMS; PROVIDED 25,800 INDIVIDUALS WITH ACCESS TO PHYSICAL, MENTAL & BEHAVIORAL HEALTH SERVICES AND PROVIDE 13,420 TRANSPORTATION SERVICES. WE FACILITATE THE FEDERALLY-FUNDED EMERGENCY FOOD AND SHELTER PROGRAM FOR CBOS THROUGHOUT CENTRAL INDIANA.WE ALSO ENGAGE IN A NUMBER OF OTHER BASIC NEEDS PROGRAMS INCLUDING INDY FREE TAX PREP TO ASSIST IN TAX PREPARATION, AND WINTER ASSISTANCE FOR HOUSEHOLDS INELIGIBLE FOR THE FEDERAL ENERGY ASSISTANCE. AS PART OF OUR OVERALL BASIC NEEDS STRATEGY, UWCI ADVOCATED FOR PUBLIC POLICY FOCUSED ON INCREASING ACCESS TO TEMPORARY ASSISTANCE FUNDS AND SIMPLIFYING APPLICATIONS FOR SNAP BENEFITS.

Program 3

Expenses: $13,914,589 Revenue: $298,693

OTHER PROGRAM SERVICES: UWCI ENSURES THAT ALL PROGRAMS AND INITIATIVES ARE BACKED UP WITH RESEARCH AND DATA, IMPLEMENTED WITH FIDELITY, AND LEVERAGED WITH OTHER COMMUNITY RESOURCES. IN THIS FISCAL...

OTHER PROGRAM SERVICES: UWCI ENSURES THAT ALL PROGRAMS AND INITIATIVES ARE BACKED UP WITH RESEARCH AND DATA, IMPLEMENTED WITH FIDELITY, AND LEVERAGED WITH OTHER COMMUNITY RESOURCES. IN THIS FISCAL YEAR, THESE INCLUDED: COMMUNITY NEEDS/HUMAN SERVICES RESEARCH; PUBLIC POLICY ADVOCACY; VOLUNTEER TRAINING, DEVELOPMENT, AND DEPLOYMENT; NONPROFIT LEADERSHIP EDUCATION AND TRAINING; AND CONVENING COMMUNITY LEADERS AND FUNDERS TO ALIGN RESOURCES AROUND SHARED COMMUNITY GOALS. WE ALSO DEPLOYED $950,000 TO 11 ORGANIZATIONS THROUGH OUR SOCIAL INNOVATION FUND GRANTS. THESE FUNDS WERE USED TO ESTABLISH A THRIVING RETAIL INDUSTRY, AND BUILD SUSTAINABLE AND SCALABLE BUSINESSES FOR BLACK AND LATINX ENTREPRENEURS; CREATE EMPLOYMENT PATHWAYS AND PROVIDE TRAINING TO PREVIOUSLY INCARCERATED AND/OR INDIVIDUALS BELOW THE POVERTY LINE; PROVIDE ESSENTIAL HEALTH AND DISEASE PREVENTION SERVICES TO THE BLACK COMMUNITY THROUGH A BARBERSHOP BUSINESS MODEL; SERVE IMMIGRANT FAMILIES WITH A FOCUS ON BASIC NEEDS AND WELL-BEING ACTIVITIES; AND CREATE A PARTNERSHIP BETWEEN PARENTS AND FOSTER PARENTS, SO CHILDREN CAN ACHIEVE POSITIVE OUTCOMES. UNITED WAY'S SOCIAL INNOVATION INITIATIVES SUPPORTS HUMAN SERVICE ORGANIZATIONS THAT TEST PROMISING IDEAS AND PRACTICES WHICH ULTIMATELY IMPROVE PROGRAM EFFICIENCIES, EFFECTIVENESS, AND OUTCOMES FOR INDIVIDUALS AND FAMILIES IN CENTRAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,861,704

Program Service Revenue $580,485

Investment Income $7,739,385

Other Revenue $-37,686

TOTAL REVENUE $77,143,888

Expense Breakdown

Grants Paid $42,334,899

Salaries & Benefits $11,125,888

Fundraising Expenses $5,171,780

Program Expenses $53,247,722

Other Expenses $8,918,029

TOTAL EXPENSES $62,378,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,143,888	$54,398,251	+0.4%
Expenses	$62,378,816	$55,648,307	+0.1%
Net Income	$14,765,072	$-1,250,056	-12.8%

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

159

Volunteers

5057

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

$876,001

Total Directors

$432,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chair	2.0	Officer Director	$0	$0	$0
N/A	Treasurer & Secretary	2.0	Officer Director	$0	$0	$0
N/A	President and CEO	40.0	Officer Director	$379,967	$52,370	$432,337
N/A	Treasurer	2.0	Officer Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (BEG 08/24/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (BEG 08/24/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	DIRECTOR (BEG 05/23/24)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (12/6/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (BEG 12/06/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	DIRECTOR (BEG 05/23/24)	2.0	Director	$0	$0	$0
N/A	Director (End 10/30/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (BEG 12/06/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director (END 09/23/23)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	DIRECTOR (BEG 05/23/24)	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Chief Financial Officer	40.0	Officer	$192,100	$19,151	$211,251
N/A	Chief Operating Officer	40.0	Officer	$211,681	$20,732	$232,413
N/A	Chief Strategic Intelligence Officer	40.0	Highest	$187,818	$19,306	$207,124
N/A	Vice President of Technology and Operations	40.0	Highest	$177,945	$25,943	$203,888
N/A	Chief Fundraising Officer	40.0	Highest	$181,187	$28,182	$209,369
N/A	Vice President of Marketing	40.0	Highest	$177,245	$10,623	$187,868
N/A	Chief Impact Officer	40.0	Highest	$204,588	$30,842	$235,430

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	No data	No data	No data	No data
2024	$77,143,888	$62,378,816	$253,818,330	$14,765,072
2023	$54,398,251	$55,648,307	$221,459,629	$-1,250,056
2022	$59,941,831	$60,103,440	$217,442,591	$-161,609
2021	$87,284,758	$58,787,628	$243,230,085	$28,497,130
2020	$79,366,860	$81,376,746	$185,379,837	$-2,009,886
2019	$54,660,274	$58,165,846	$180,178,676	$-3,505,572