HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION (EIN 351115492) - 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

1966

Legal Domicile

Principal Officer

DAVID L MILLER

Phone

8128494447

Tax Period

2023-01-01 to 2023-12-31

HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION, founded in 1966, is a mid-sized nonprofit in the Community Improvement sector that reported $20.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $40.8M represent 24 months of operating reserves.

Mission

TO PLAN, IMPLEMENT OR CAUSE TO BE IMPLEMENTED, AND PROVIDE COMPREHENSIVE SERVICES TO THE POOR, ELDERLY, AND DISABLED. THE CORPORATION STRIVES TO ALLEVIATE POVERTY, IMPROVE LIVING CONDITIONS, AND PROVIDE ACCESS TO HEALTH CARE AND SOCIAL SERVICES TO THOSE FAMILIES AND INDIVIDUALS IN NEED WITHIN OUR SERVICE AREA. ALL ENDEAVORS ARE PURSUED WITH THE CLIENT IN MIND, NEVER FORGETTING THE VALUE OF EVERY HUMAN BEING OR THE IMPORTANCE OF OUR RESPONSIBILITY TO THE PUBLIC WHICH WE SERVE.

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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 $13,550,160

Program Service Revenue $6,150,926

Investment Income $490,078

Other Revenue $-208,774

TOTAL REVENUE $19,982,390

Expense Breakdown

Grants Paid $335,822

Salaries & Benefits $11,489,060

Fundraising Expenses $0

Program Expenses $19,980,296

Other Expenses $9,196,054

TOTAL EXPENSES $21,020,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,982,390	$21,400,001	-0.1%
Expenses	$21,020,936	$20,858,362	+0.0%
Net Income	$-1,038,546	$541,639	-2.9%

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

294

Volunteers

688

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

$265,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA FIELDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RONNIE PENNINGTON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHARON MITCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
REITA NICHOLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
VICKY BAUERNFIEND	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BEATY	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX BEDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY BOWLING	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY A BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA CRECELIUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DEDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
MAROLYN HOLZBOG	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARA HOUSE	BOARD MEMBER (FROM 10/23)	1.00	Director	$0	$0	$0
KATHY JO HOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KARAN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
AVA KINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA LUALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY MILLER	BOARD MEMBER (FROM 02/23)	1.00	Director	$0	$0	$0
BILL MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES OSWALT	BOARD MEMBER (THRU 02/23)	1.00	Director	$0	$0	$0
SETH PURLEE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLOTTE SPEER	BOARD MEMBER	1.00	Director	$0	$0	$0
LANA SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA TURPIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSIE WININGER	BOARD MEMBER	1.00	Director	$0	$0	$0
HERMAN CAMPBELL	ALTERNATE	1.00	Director	$0	$0	$0
DAVID MILLER	CEO	40.00	Officer	$145,803	$6,420	$152,223
ERIC ZINK	CFO	40.00	Officer	$99,492	$14,220	$113,712
DEBRA BEELER	DIRECOTR OF CHILDREN'S SERVICES	40.00	Highest	$106,451	$6,420	$112,871
JOHN ECKARD	PHYSICIAN	40.00	Highest	$294,524	$28,317	$322,841
MELISSA JEREMIAH	DIRECTOR OF HOME HEALTH CARE	40.00	Highest	$104,069	$14,220	$118,289
CARRIE LONG	APRN NURSE PRACTITIONER	40.00	Highest	$139,191	$6,420	$145,611

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	No data	No data	No data	No data
2023	$19,982,390	$21,020,936	$48,054,334	$-1,038,546
2022	$21,400,001	$20,858,362	$48,771,759	$541,639
2021	$20,253,454	$19,054,543	$50,608,889	$1,198,911
2020	$18,998,850	$18,986,044	$48,842,161	$12,806
2019	$19,367,938	$23,082,763	$44,069,753	$-3,714,825
2018	$19,832,895	$17,396,487	$47,309,990	$2,436,408

HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION