HOLLIS ADAMS FOUNDATION INC

EIN: 351163296 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$284,182
Total Expenses
$308,714
Total Assets
$223,586
Net Assets
$85,462
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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
1968
Principal Officer
BEN CLODGO
Phone
3179457485
Tax Period
2024-04-01 to 2025-03-31

HOLLIS ADAMS FOUNDATION INC, founded in 1968, is a small nonprofit that reported $284K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

HOLLIS ADAMS OPENS THE WORLD TO ADULTS WITH DEVELOPMENTAL DISABILITIES BY OFFERING SOCIAL, RECREATIONAL, AND COMMUNITY-BASED OPPORTUNITIES THROUGH A WIDE VARIETY OF EVENTS AND ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,351
Program Service Revenue $124,423
Investment Income $6,674
Other Revenue $80,734
TOTAL REVENUE $284,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,607
Fundraising Expenses $0
Program Expenses $261,527
Other Expenses $110,107
TOTAL EXPENSES $308,714

Year-over-Year Comparison

2024 2023 Change
Revenue $284,182 $317,073 -0.1%
Expenses $308,714 $344,400 -0.1%
Net Income $-24,532 $-27,327 -0.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
95

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
3
$64,341
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG PULS EXECUTIVE DI 41.00
Officer
$64,341 $0 $64,341
TERRI BRUMLEVE DIRECTOR 2.00
Director
$0 $0 $0
ANITA BUHL DIRECTOR N/A
Director
$0 $0 $0
BEN CLODGO DIRECTOR 2.00
Director
$0 $0 $0
RICH HAMMOND DIRECTOR 2.00
Director
$0 $0 $0
KYLE JAMES DIRECTOR 2.00
Director
$0 $0 $0
JEANETTE KASSEBAUM DIRECTOR N/A
Director
$0 $0 $0
JOE STEADHAM DIRECTOR 2.00
Director
$0 $0 $0
DAN VALLESKEY DIRECTOR N/A
Director
$0 $0 $0
MATTHEW WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
DAVE HARMER BOARD PRESID N/A
Officer
$0 $0 $0
REBECCA WALKER BOARD VICE P 3.00
Officer
$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
2025 $284,182 $308,714 $223,586 $-24,532
2024 $317,073 $344,400 $247,750 $-27,327
2023 $308,879 $407,893 $273,675 $-99,014
2022 $293,338 $376,741 $371,231 $-83,403
2021 $309,101 $254,588 $454,125 $54,513
2020 $391,422 $256,306 $263,332 $135,116
2018 $265,519 $209,272 $76,281 $56,247
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