INDIANA SHERIFFS' ASSOCIATION INC (EIN 351320956) - 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

1930

Legal Domicile

Principal Officer

STEPHEN P LUCE

Phone

3173563633

Tax Period

2024-01-01 to 2024-12-31

INDIANA SHERIFFS' ASSOCIATION INC, founded in 1930, is a community nonprofit in the Crime & Legal sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 14% surplus.

Mission

PROVIDE TRAINING AND EDUCATION TO SHERIFFS AND DEPARTMENTAL PERSONNEL AND DISTRIBUTE EDUCATIONAL MATERIALS TO THE PUBLIC.

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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 $2,023,831

Program Service Revenue $1,288,097

Investment Income $134,552

Other Revenue $71,978

TOTAL REVENUE $3,518,458

Expense Breakdown

Grants Paid $28,500

Salaries & Benefits $621,790

Fundraising Expenses $395,753

Program Expenses $1,721,613

Other Expenses $2,050,850

TOTAL EXPENSES $3,035,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,518,458	$3,042,528	+0.2%
Expenses	$3,035,157	$2,521,379	+0.2%
Net Income	$483,301	$521,149	-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

Governance

Voting Members

Independent Members

Employees

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

$146,527

Total Directors

$146,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN P LUCE	EXECUTIVE DI	40.00	Officer Director	$146,527	$0	$146,527
GARY ALLISON	BOARD MEMBER	N/A	Director	$0	$0	$0
JERRY ASHER	1 YEAR TRUST	N/A	Director	$0	$0	$0
JERROD BAUGH	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC BEER	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE BRANHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
SHANNON COTHRAN	BOARD MEMBER	N/A	Director	$0	$0	$0
ANTHONY HARRIS	BOARD MEMEBE	N/A	Director	$0	$0	$0
SCOTT HOLLIDAY	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRY HOLT	BOARD MEMBER	N/A	Director	$0	$0	$0
THOMAS KLEINHELTER	1ST VICE PRE	N/A	Director	$0	$0	$0
PAUL KRUSE	BOARD MEMBER	N/A	Director	$0	$0	$0
TOBE LEAZENBY	BOARD MEMBER	N/A	Director	$0	$0	$0
SHANE MCHENRY	2 YEAR TRUST	N/A	Director	$0	$0	$0
RICHARD MYERS	3 YEAR TRUST	N/A	Director	$0	$0	$0
JOHN PLASSE	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDY RETTER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSH SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
BRAD STOGSDILL	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE STURGIS	BOARD MEMBER	N/A	Director	$0	$0	$0
BRUCE VANOVEN	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL WILDER	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT GOLDSMITH	2ND VICE PRE	N/A	Officer	$0	$0	$0
JERRY GOODIN	SECRETARY	N/A	Officer	$0	$0	$0
DANIEL MAWHORR	PRESIDENT	N/A	Officer	$0	$0	$0
CHRISTIAN NEWTON	TREASURER	N/A	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
2024	$3,518,458	$3,035,157	$4,241,931	$483,301
2023	$3,042,528	$2,521,379	$3,901,742	$521,149
2022	$3,556,880	$3,341,026	$3,444,478	$215,854
2021	$3,709,051	$3,334,768	$2,354,152	$374,283
2020	$2,558,267	$2,200,072	$1,957,701	$358,195
2019	$2,032,889	$1,723,790	$1,567,961	$309,099
2018	$1,963,455	$1,714,434	$1,291,837	$249,021

INDIANA SHERIFFS' ASSOCIATION INC