RETIRED INDIANA PUBLIC EMPLOYEES A… - 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

1972

Legal Domicile

Principal Officer

JESSICA LOVE

Phone

3177890244

Tax Period

2024-01-01 to 2024-12-31

RETIRED INDIANA PUBLIC EMPLOYEES ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $878K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROVIDING THE RELATIONSHIPS, INSURANCE BENEFITS, POLICY-ADVOCACY, AND EDUCATION NEEDED TO RETIRE WELL FROM PUBLIC EMPLOYMENT IN THE HOOSIER STATE.

Program Service Accomplishments

Program 1

Expenses: $282,549 Revenue: $851,186

ENGAGEMENT (RELATIONSHIPS/EDUCATION): PROVIDE OPPORTUNITIES FOR MEMBERS TO GATHER, CONNECT AND LEARN TOGETHER THROUGH BIANNUAL REGIONAL CHAPTER CONVENINGS, MONTHLY TRAININGS, AN ANNUAL CONVENTION...

ENGAGEMENT (RELATIONSHIPS/EDUCATION): PROVIDE OPPORTUNITIES FOR MEMBERS TO GATHER, CONNECT AND LEARN TOGETHER THROUGH BIANNUAL REGIONAL CHAPTER CONVENINGS, MONTHLY TRAININGS, AN ANNUAL CONVENTION, MONTHLY E-BLAST UPDATES AND QUARTERLY NEWSLETTERS TO MEET RELATIONSHIP AND EDUCATION GOALS.

Program 2

Expenses: $203,227

POLICY: PERFORM AND CONTRACT FOR LOBBYING SERVICES, AS WELL AS ADVOCATE, ON BEHALF OF MEMBERS WITH THE LEGISLATIVE AND EXECUTIVE BRANCHES OF STATE GOVERNMENT TO IMPROVE THE QUALITY OF LIFE FOR...

POLICY: PERFORM AND CONTRACT FOR LOBBYING SERVICES, AS WELL AS ADVOCATE, ON BEHALF OF MEMBERS WITH THE LEGISLATIVE AND EXECUTIVE BRANCHES OF STATE GOVERNMENT TO IMPROVE THE QUALITY OF LIFE FOR RETIRED PUBLIC EMPLOYEES.

Program 3

Expenses: $280,294

INSURANCE: MAKE AVAILABLE BENEFITS THROUGH PARTNERSHIPS THAT IMPACT MEMBERS BY DELIVERING ADMINISTRATIVE SERVICES ON BEHALF OF THE RETIRED INDIANA PUBLIC EMPLOYEES INSURANCE TRUST.

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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 $0

Program Service Revenue $523,808

Investment Income $26,978

Other Revenue $327,378

TOTAL REVENUE $878,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,329

Fundraising Expenses $0

Program Expenses $766,070

Other Expenses $488,031

TOTAL EXPENSES $933,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$878,164	$612,891	+0.4%
Expenses	$933,360	$640,137	+0.5%
Net Income	$-55,196	$-27,246	+1.0%

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

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

$148,080

Total Directors

$23,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG HARTZER	DIRECTOR	2.00	Director	$1,250	$0	$2,000
CLEO DUNCAN	PRESIDENT	2.00	Officer Director	$2,250	$0	$3,000
HOWARD BUCHANON	VICE PRESIDENT	2.00	Officer Director	$2,250	$0	$3,000
MARRIETTE MONTGOMERY	DIRECTOR	2.00	Director	$1,000	$0	$1,750
JACK DILLON	DIRECTOR	2.00	Director	$2,500	$0	$2,500
CHRISTIE A BADER	DIRECTOR	2.00	Director	$1,750	$0	$1,750
BRUCE KIMERY	DIRECTOR	2.00	Director	$2,000	$0	$2,000
PATRICIA MILLER	SECRETARY	2.00	Officer Director	$2,000	$0	$2,000
ROBERT JACKMAN	DIRECTOR	2.00	Director	$1,500	$0	$1,500
BILLIE BREAUX	DIRECTOR	2.00	Director	$1,250	$0	$1,250
MICHAEL GULLEY	DIRECTOR	2.00	Director	$750	$0	$750
SUZANNE HANDSHOE	DIRECTOR	2.00	Director	$750	$0	$750
MIKE HINELINE	DIRECTOR	2.00	Director	$1,000	$0	$1,000
JESSICA LOVE	EXECUTIVE DIRECTOR	30.00	Officer	$136,000	$4,080	$140,080

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	$878,164	$933,360	$1,108,585	$-55,196
2023	$612,891	$640,137	$1,256,566	$-27,246
2022	$548,000	$661,183	$1,138,010	$-113,183
2021	$624,154	$597,949	$1,198,555	$26,205
2020	$584,559	$526,682	$1,303,668	$57,877
2019	$609,639	$544,200	$1,170,174	$65,439
2018	$600,471	$521,999	$1,155,033	$78,472

RETIRED INDIANA PUBLIC EMPLOYEES ASSOCIATION INC