SOUTHEASTERN INDIANA ECONOMIC OPPO… - Form 990 Financial Data

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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

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

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

Program Service Accomplishments

Program 1

Expenses: $3,331,982

HEAD START: WE OPERATE 13 PRE-SCHOOL CLASSROOMS AT 12 DIFFERENT SITES THROUGHOUT A FIVE COUNTY SERVICE AREA. 266 SLOTS WERE AVAILABLE IN 2023, WITH A TOTAL OF 358 CHILDREN ENROLLED DURING THE YEAR...

HEAD START: WE OPERATE 13 PRE-SCHOOL CLASSROOMS AT 12 DIFFERENT SITES THROUGHOUT A FIVE COUNTY SERVICE AREA. 266 SLOTS WERE AVAILABLE IN 2023, WITH A TOTAL OF 358 CHILDREN ENROLLED DURING THE YEAR, INCLUDING 31 WITH DISABILITIES. 113 CHILDREN WENT ON TO KINDERGARTEN; 72% WERE UP TO DATE WITH PREVENTATIVE AND PRIMARY HEALTH CARE; 84% WERE UP TO DATE WITH ALL IMMUNIZATIONS; AND 43% COMPLETED A DENTAL EXAM. THE PROGRAM UTILIZED 529 VOLUNTEERS, OF WHOM 500 WERE CURRENT OR FORMER HEAD START PARENTS. IN ADDITION, PARENT INVOLVEMENT ACTIVITIES WERE HELD AND MULTIPLE PARENT TRAININGS TOOK PLACE ON IMPORTANT TOPICS LIKE FOOD, SAFETY, AND CHILD ABUSE PREVENTION.

Program 2

Expenses: $1,235,630

ENERGY ASSISTANCE: 1,891 HOUSEHOLDS IN OUR 6-COUNTY SERVICE AREA RECEIVED ENERGY ASSISTANCE, BENEFITTING 3,421 PEOPLE. 1,400 HOUSEHOLDS WERE SERVED THROUGH EDUCATION WORKSHOPS.

Program 3

Expenses: $1,564,149

HOUSING: PROVIDES HOUSING ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES BASED ON FEDERAL GUIDELINES. 243 HOUSEHOLDS IN DEARBORN, OHIO, RIPLEY, SWITZERLAND, FRANKLIN, AND UNION COUNTIES RECEIVED...

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$213,117

Total Directors

Key Employees

Highest Compensated

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

SOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATION