INDIANA LIMESTONE INSTITUTE OF AMERICA INC (EIN 351110451) - 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

1963

Legal Domicile

Principal Officer

TODD SCHNATZMEYER

Phone

8122754426

Tax Period

2024-01-01 to 2024-12-31

INDIANA LIMESTONE INSTITUTE OF AMERICA INC, founded in 1963, is a small nonprofit that reported $288K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 14% surplus.

Mission

TO PROMOTE AND MAINTAIN STANDARDS OF VARIOUS USES OF LIMESTONE. SUCH PROMOTION STRENGTHENS THE NATIONAL LIMESTONE INDUSTRY.

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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 $46,955

Program Service Revenue $241,062

Investment Income $0

Other Revenue $0

TOTAL REVENUE $288,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,502

Fundraising Expenses $0

Program Expenses $247,082

Other Expenses $44,580

TOTAL EXPENSES $247,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,017	$233,247	+0.2%
Expenses	$247,082	$239,012	+0.0%
Net Income	$40,935	$-5,765	-8.1%

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

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	Role	Reportable Comp	Other Comp	Total
WILL BYBEE	PRESIDENT	Director	$0	$0	$0
DUFFE ELKINS	VICE PRESIDENT	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	Director	$0	$0	$0
STEVE EVANS	DIRECTOR	Director	$0	$0	$0
GARRETT FELL	DIRECTOR	Director	$0	$0	$0
KATHY BAKER-HECKARD	DIRECTOR	Director	$0	$0	$0
DAVID EDGEWORTH	DIRECTOR	Director	$0	$0	$0
TOM KIMMEL	DIRECTOR	Director	$0	$0	$0
CURT ADAMS	DIRECTOR	Director	$0	$0	$0
DEBBY REED	DIRECTOR	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	$288,017	$247,082	$91,492	$40,935
2023	$233,247	$239,012	$52,041	$-5,765
2022	$191,275	$217,583	$57,590	$-26,308
2020	$134,121	$224,081	$55,484	$-89,960

INDIANA LIMESTONE INSTITUTE OF AMERICA INC