INDIANA MUNICIPAL ELECTRIC ASSOC

EIN: 351181424 Mutual Benefit

NOBLESVILLE, IN

Total Revenue
$513,927
Total Expenses
$441,653
Total Assets
$623,200
Net Assets
$623,200
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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

Principal Officer
BOB DUNDERMAN
Phone
7659660799
Tax Period
2020-01-01 to 2020-12-31

INDIANA MUNICIPAL ELECTRIC ASSOC is a small nonprofit in the Mutual Benefit sector that reported $514K in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. Expenses of $442K left a modest 14% surplus.

Mission

TO PROVIDE TRAINING AND EDUCATION REGARDING SAFETY AND OPERATIONS OF MUNICIPAL ELECTRIC UTILITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $479,783
Investment Income $89
Other Revenue $34,055
TOTAL REVENUE $513,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,162
Fundraising Expenses $1,882
Program Expenses $409,351
Other Expenses $184,491
TOTAL EXPENSES $441,653

Year-over-Year Comparison

2020 2019 Change
Revenue $513,927 $557,237 -0.1%
Expenses $441,653 $556,750 -0.2%
Net Income $72,274 $487 +147.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
14

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUANE RICHARDSON EXECUTIVE DI 6.00
Director
$0 $0 $0
BOB DUNDERMAN PRESIDENT 15.00
Officer
$0 $0 $0
LEONARD LARSON VICE PRESIDE 6.00
Officer
$0 $0 $0
BILL LEY SECRETARY/TR 20.00
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
2020 $513,927 $441,653 $623,200 $72,274
2019 $557,237 $556,750 $550,926 $487
2018 $540,948 $571,518 $550,439 $-30,570
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