INDIANAPOLIS LEGAL AID SOCIETY INC (EIN 351045153) - 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

1941

Legal Domicile

Principal Officer

JOHN A FLOREANCIG

Phone

3176359538

Tax Period

2024-01-01 to 2024-12-31

INDIANAPOLIS LEGAL AID SOCIETY INC, founded in 1941, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $481K, a strong 21% operating margin.

Mission

PROVIDE FREE LEGAL ASSISTANCE TO THOSE IN NEED.

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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 $2,028,942

Program Service Revenue $1,350

Investment Income $226,192

Other Revenue $0

TOTAL REVENUE $2,256,484

Expense Breakdown

Grants Paid $226

Salaries & Benefits $1,419,523

Fundraising Expenses $99,365

Program Expenses $1,511,651

Other Expenses $355,434

TOTAL EXPENSES $1,775,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,256,484	$1,766,657	+0.3%
Expenses	$1,775,183	$1,463,337	+0.2%
Net Income	$481,301	$303,320	+0.6%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John C Trimble	Director	4.00	Director	$0	$0	$0
N Kent Smith	President	4.00	Officer	$0	$0	$0
Parwana Noorzad	1st VicePresident	4.00	Officer	$0	$0	$0
Lee Christie	2nd Vice President	4.00	Officer	$0	$0	$0
Elizabeth Russell-Hartman	Treasurer	4.00	Officer	$0	$0	$0
Jeffrey A Abrams	Director	4.00	Director	$0	$0	$0
Jackie M Bennett Jr	Director	4.00	Director	$0	$0	$0
Daniel P Carmichael	Director	4.00	Director	$0	$0	$0
Thomas L Davis	Director	4.00	Director	$0	$0	$0
Ryan Hurley	Director	4.00	Director	$0	$0	$0
Linda Nichols Kenny	Director	4.00	Director	$0	$0	$0
Jordan Kraner	Director	4.00	Director	$0	$0	$0
Jacqueline Leverenz	Director	4.00	Director	$0	$0	$0
Molly E Lee	Director	4.00	Director	$0	$0	$0
Jennifer Lukemeyer	Director	4.00	Director	$0	$0	$0
John M McLaughlin	Secretary	4.00	Officer	$0	$0	$0
Derek Molter	Director	4.00	Director	$0	$0	$0
Greg Morris	Director	4.00	Director	$0	$0	$0
Donald S Murphy	Director	4.00	Director	$0	$0	$0
Dylan Pittman	Director	4.00	Director	$0	$0	$0
Curtis E Shirley	Director	4.00	Director	$0	$0	$0
F Ronalds Walker	Director	4.00	Director	$0	$0	$0
Scott M Watanabe	Director	4.00	Director	$0	$0	$0
Honorable Martha Wentworth	Director	4.00	Director	$0	$0	$0
Philip A Whistler	Director	4.00	Director	$0	$0	$0
Richard A Young	Director	4.00	Director	$0	$0	$0
Libby Yin Goodnight	Director	4.00	Director	$0	$0	$0
Marc Lopez	Director	4.00	Director	$0	$0	$0
Satce Walton Long	Director	4.00	Director	$0	$0	$0
Brian Welch	Director	4.00	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	$2,256,484	$1,775,183	$6,306,080	$481,301
2023	$1,766,657	$1,463,337	$3,364,515	$303,320
2022	$1,542,729	$1,362,242	$2,740,294	$180,487
2021	$1,503,746	$1,057,974	$2,606,201	$445,772
2020	$1,465,302	$1,023,487	$1,881,843	$441,815
2019	$1,282,594	$1,055,952	$1,542,010	$226,642
2018	$1,081,997	$1,039,124	$1,396,999	$42,873

INDIANAPOLIS LEGAL AID SOCIETY INC