NORTHERN INDIANA EDUCATION FOUNDATION INC (EIN 351139829) - 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

1986

Legal Domicile

Principal Officer

CRAIG BRAJE

Phone

2198727032

Tax Period

2023-01-01 to 2023-12-31

NORTHERN INDIANA EDUCATION FOUNDATION INC, founded in 1986, is a small nonprofit that reported $501K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $967K exceeded revenue, resulting in a 93% operating deficit.

Mission

MEDICAL EDUCATION, MEDICAL LIBRARY SERVICES, AND PROMOTING HEALTH IN THE COMMUNITY.

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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 $0

Program Service Revenue $229,410

Investment Income $147,694

Other Revenue $123,540

TOTAL REVENUE $500,644

Expense Breakdown

Grants Paid $51,199

Salaries & Benefits $215,356

Fundraising Expenses $0

Program Expenses $680,937

Other Expenses $700,558

TOTAL EXPENSES $967,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,644	$939,992	-0.5%
Expenses	$967,113	$1,137,613	-0.1%
Net Income	$-466,469	$-197,621	+1.4%

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

N/A

Volunteers

N/A

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

$118,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG V BRAJE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM HATHOOT	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
WILLIAM JAGGER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES T CALLAGHAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT B MCBRIDE MD	DIRECTOR	2.00	Director	$0	$0	$0
DALE L BROWN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS ROBERTS MD	DIRECTOR	2.00	Director	$0	$0	$0
DEAN MAZZONI	DIRECTOR	2.00	Director	$0	$0	$0
GINA WATSON	EXECUTIVE DIRECTOR	40.00	Officer	$106,055	$12,363	$118,418

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	$500,644	$967,113	$14,052,457	$-466,469
2022	$858,810	$1,137,613	$13,972,599	$-278,803
2022	$939,992	$1,137,613	$14,055,141	$-197,621
2021	$2,249,251	$1,318,238	$18,815,733	$931,013
2020	$2,677,586	$1,531,035	$18,672,852	$1,146,551
2019	$1,780,037	$1,716,530	$17,978,215	$63,507

NORTHERN INDIANA EDUCATION FOUNDATION INC