ADEC INC

EIN: 351060633 501(c)(3) Human Services

BRISTOL, IN

Total Revenue
$24,031,754
Total Expenses
$24,408,969
Total Assets
$44,210,300
Net Assets
$41,379,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
IN
Principal Officer
CHRIS KINGSLEY
Phone
5748487451
Tax Period
2024-07-01 to 2025-06-30

ADEC INC, founded in 1952, is a mid-sized nonprofit in the Human Services sector that reported $24.0M in total revenue in fiscal year 2024.

Mission

ADEC EMPOWERS PEOPLE WITH DISABILITIES TO LIVE FULFILLED LIVES IN THEIR COMMUNITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,932,163
Program Service Revenue $20,646,194
Investment Income $883,714
Other Revenue $569,683
TOTAL REVENUE $24,031,754

Expense Breakdown

Grants Paid $36,357
Salaries & Benefits $18,410,255
Fundraising Expenses $0
Program Expenses $21,574,302
Other Expenses $5,962,357
TOTAL EXPENSES $24,408,969

Year-over-Year Comparison

2024 2023 Change
Revenue $24,031,754 $23,102,781 +0.0%
Expenses $24,408,969 $22,533,363 +0.1%
Net Income $-377,215 $569,418 -1.7%
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

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Governance

Voting Members
14
Independent Members
14
Employees
778
Volunteers
142

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
7
$473,884
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTINE OSTERDAY CHAIR 1.00
Officer Director
$0 $0 $0
JASON PIPPENGER VICE CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS NICKEL SECRETARY 1.00
Officer Director
$0 $0 $0
PHILIP NOONAN TREASURER 1.00
Officer Director
$0 $0 $0
JERRY ABEL BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
IVAN DELGADO BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FISETTE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT HARTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JANNIFER HOLCOMB BOARD MEMBER 1.00
Director
$0 $0 $0
CARY KELSEY BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS KROLL BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH MATHEW BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN MAXSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS KINGSLEY PRESIDENT/CEO 40.00
Officer
$185,612 $12,587 $198,199
LISA KENDALL VP HUMAN RESOURCES 40.00
Officer
$117,214 $17,110 $134,324
TIM DONLIN VP/CFO 40.00
Officer
$114,153 $27,208 $141,361
MICHELLE MCGUIN VP/CHIEF PROGRAM OFFICER 40.00
Highest
$123,648 $7,419 $131,067
STACY REPLOGLE DIRECTOR-SUPPORTED LIVING 57.00
Highest
$102,982 $1,158 $104,140
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 $24,031,754 $24,408,969 $44,210,300 $-377,215
2024 $23,102,781 $22,533,363 $41,780,555 $569,418
2023 $21,722,849 $20,884,487 $38,543,404 $838,362
2022 $22,045,756 $19,909,806 $35,707,130 $2,135,950
2021 $22,018,123 $17,815,364 $36,869,083 $4,202,759
2020 $19,624,326 $18,871,614 $30,826,884 $752,712
2019 $19,910,002 $17,977,417 $27,509,699 $1,932,585
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