INDIANA RETIRED TEACHERS ASSOCIATI… - 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

1971

Legal Domicile

Principal Officer

LAURA PENMAN

Phone

3176377481

Tax Period

2024-07-01 to 2025-06-30

INDIANA RETIRED TEACHERS ASSOCIATION, founded in 1971, is a small nonprofit that reported $791K in total revenue in fiscal year 2024. Net assets of $3.1M represent 47 months of operating reserves.

Mission

ADVOCATING FOR ALL INDIANA RETIRED EDUCATORS.

Program Service Accomplishments

Program 1

QUARTERLY NEWSLETTERS, BLOGS, EMAILS, SOCIAL MEDIA, AND WEBCASTS INFORM OUR MEMBERS ON UPCOMING LEGISLATION MATTERS, RETIREMENT INFORMATION, FRAUD PROTECTION IN A TIMELY FASHION. WE ALSO DO AREA...

QUARTERLY NEWSLETTERS, BLOGS, EMAILS, SOCIAL MEDIA, AND WEBCASTS INFORM OUR MEMBERS ON UPCOMING LEGISLATION MATTERS, RETIREMENT INFORMATION, FRAUD PROTECTION IN A TIMELY FASHION. WE ALSO DO AREA WORKSHOPS AND LOCAL MEETINGS THAT HELP SPREAD THE WORK AND INFORMATION THAT THE ASSOCIATION PERFORMS. ALL OF LOCALS PARTICIPATE IN VOLUNTEER OPPORTUNITIES IN THEIR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $515,824

Program Service Revenue $5,363

Investment Income $189,281

Other Revenue $80,918

TOTAL REVENUE $791,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,480

Fundraising Expenses $0

Other Expenses $374,721

TOTAL EXPENSES $768,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,386	$759,007	+0.0%
Expenses	$768,201	$749,618	+0.0%
Net Income	$23,185	$9,389	+1.5%

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

Volunteers

325

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

$106,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS KEITHLEY	DIRECTOR	1.00	Director	$0	$0	$0
SALLY DURFEE	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MULLIN	DIRECTOR	1.00	Director	$0	$0	$0
DR GENE VAN STONE	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY SEWARD	DIRECTOR	1.00	Director	$0	$0	$0
DR SHARON BARNES	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
LINDA THOMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA DYER	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID LENNEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK GUARD	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
DR BOBBIE IWOBI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LIGHTLE	DIRECTOR	1.00	Director	$0	$0	$0
RAMONA LENNEN	DIRECTOR	1.00	Director	$0	$0	$0
DR CHERYL CORNING	DIRECTOR	1.00	Director	$0	$0	$0
LAURA PENMAN	EXECUTIVE DIRECTOR	38.00	Officer	$84,692	$21,718	$106,410

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	$791,386	$768,201	$3,559,031	$23,185
2024	$759,007	$749,618	$3,304,061	$9,389
2023	$788,082	$744,762	$3,152,707	$43,320
2022	$978,467	$760,721	$2,923,970	$217,746
2021	$763,641	$690,351	$3,477,562	$73,290

INDIANA RETIRED TEACHERS ASSOCIATION