SOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATION

EIN: 351118476 501(c)(3) Education

AURORA, IN

Total Revenue
$8,018,656
Total Expenses
$7,654,592
Total Assets
$1,098,172
Net Assets
$552,447
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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
1965
Legal Domicile
IN
Principal Officer
TAMARA CUNNINGHAM
Phone
8129261585
Tax Period
2023-01-01 to 2023-12-31

SOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATION, founded in 1965, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $7.7M left a modest 5% surplus.

Mission

MISSION: TO IMPROVE THE CONDITIONS UNDER WHICH PEOPLE LIVE, LEARN, AND WORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,792,499
Program Service Revenue $0
Investment Income $0
Other Revenue $226,157
TOTAL REVENUE $8,018,656

Expense Breakdown

Grants Paid $2,972,282
Salaries & Benefits $3,021,232
Fundraising Expenses $0
Program Expenses $7,165,838
Other Expenses $1,661,078
TOTAL EXPENSES $7,654,592

Year-over-Year Comparison

2023 2022 Change
Revenue $8,018,656 $8,622,532 -0.1%
Expenses $7,654,592 $8,851,926 -0.1%
Net Income $364,064 $-229,394 -2.6%
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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Governance

Voting Members
15
Independent Members
15
Employees
105
Volunteers
631

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
6
$213,117
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMARA CUNNINGHAM EXECUTIVE DI 40.00
Officer
$108,321 $4,516 $112,837
COLLEEN LAY CONTROLLER 40.00
Officer
$81,818 $18,462 $100,280
PAM WEILER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT EWBANK DIRECTOR 1.00
Director
$0 $0 $0
ROBIN HOCHSTRASSER DIRECTOR 1.00
Director
$0 $0 $0
WANDA KNOLLMAN DIRECTOR 1.00
Director
$0 $0 $0
ROBIN SIEKMAN DIRECTOR 1.00
Director
$0 $0 $0
NICOLE KINNEY DIRECTOR 1.00
Director
$0 $0 $0
KAREN PEELMAN DIRECTOR 1.00
Director
$0 $0 $0
SARAH BRICHTO DIRECTOR 1.00
Director
$0 $0 $0
DUSTIN HOGSTON DIRECTOR 1.00
Director
$0 $0 $0
ANNETTE RICHARDS DIRECTOR 1.00
Director
$0 $0 $0
NANCY SWART DIRECTOR 1.00
Director
$0 $0 $0
TERRI TROWBRIDGE PRESIDENT 2.00
Officer Director
$0 $0 $0
ADELE FRITZ VICE PRESIDE 2.00
Officer Director
$0 $0 $0
SONIA KAFFENBERGER TREASURER 2.00
Officer Director
$0 $0 $0
MARY LIERL SECRETARY 2.00
Officer 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 No data No data No data No data
2023 $8,018,656 $7,654,592 $1,098,172 $364,064
2022 $8,622,532 $8,851,926 $1,111,012 $-229,394
2021 $7,362,297 $7,357,081 $592,820 $5,216
2020 $6,702,285 $6,695,455 $676,127 $6,830
2019 $6,913,473 $6,956,894 $672,554 $-43,421
2018 $7,636,513 $7,657,475 $803,057 $-20,962
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