ASPIRE INDIANA INC (EIN 351341204) - 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

1973

Legal Domicile

Phone

3175870500

Tax Period

2023-07-01 to 2024-06-30

ASPIRE INDIANA INC, founded in 1973, is a mid-sized nonprofit in the Mental Health sector that reported $44.2M in total revenue in fiscal year 2023. Expenses of $51.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

ASPIRE INDIANA, INC IS A COMPREHENSIVE COMMUNITY HEALTH CENTER PRIMARILY SERVING BOONE, HAMILTON, MARION, AND MADISON COUNTIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,617,910

Program Service Revenue $21,828,970

Investment Income $1,732,934

Other Revenue $43,839

TOTAL REVENUE $44,223,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,547,662

Fundraising Expenses $1,265,934

Program Expenses $36,151,783

Other Expenses $15,252,031

TOTAL EXPENSES $51,799,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,223,653	$42,049,873	+0.1%
Expenses	$51,799,693	$44,639,807	+0.2%
Net Income	$-7,576,040	$-2,589,934	+1.9%

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

834

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

$2,810,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE CANNON	BOARD SECRETARY	2.0	Officer Director	$0	$0	$0
MIKE COLLETTE	BOARD CHAIR	2.0	Officer Director	$0	$0	$0
TED SHERFICK	BOARD TRASURER	2.0	Officer Director	$0	$0	$0
TRENT SCOTT	BOARD VICE-CHAIR	2.0	Officer Director	$0	$0	$0
AUDREA RACINE	BOARD MEMBER	1.0	Director	$0	$0	$0
CAROLYN BARR	BOARD MEMBER	1.0	Director	$0	$0	$0
CELESTE EVERS	BOARD MEMBER	1.0	Director	$0	$0	$0
CHANDLER FLYNN	BOARD MEMBER	1.0	Director	$0	$0	$0
DUANE HOAK	BOARD MEMBER	1.0	Director	$0	$0	$0
ERIC MARCOTTE	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFF REED	BOARD MEMBER	1.0	Director	$0	$0	$0
LEROY QUASHIE	BOARD MEMBER	1.0	Director	$0	$0	$0
MIKE HALL	BOARD MEMBER, RETIRED	1.0	Director	$0	$0	$0
MIKE THIBIDEAU	BOARD MEMBER	1.0	Director	$0	$0	$0
OBADIAH SMITH JR	BOARD MEMBER	1.0	Director	$0	$0	$0
OLIVIA PRATT	BOARD MEMBER	1.0	Director	$0	$0	$0
ROB SPAULDING	BOARD MEMBER	1.0	Director	$0	$0	$0
STEVE WORNHOFF	BOARD MEMBER	1.0	Director	$0	$0	$0
VINCENT SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTONY SHEEHAN	President & Chief Executive Officer	20.0	Officer	$90,520	$8,815	$189,855
BETH EILER end 091623	VP BEHAVIORAL HEALTH SERVICES	20.0	Officer	$80,073	$7,438	$167,584
CHRISTOPHER LLOYD	Vice President - Marketing & Communications	20.0	Officer	$41,882	$24,651	$108,415
DARRELL MITCHELL	Vice President - Recovery Capital	16.0	Officer	$62,894	$25,049	$186,214
DEMETRUIS DILLARD	Vice President - Information Systems & Technology	20.0	Officer	$65,039	$29,571	$159,649
JAMES SKEEL	Executive Vice President/Chief Transformation Officer	20.0	Officer	$82,765	$34,410	$199,940
JERRY SHEWARD	ASSOCIATE MEDICAL DIRECTOR-PSYCHIATRY	20.0	Officer	$185,017	$29,627	$399,661
JODY HORSTMAN	Chief Operations Officer - Integrated Services	28.0	Officer	$139,422	$22,315	$221,489
JONATHAN BUTLER	Chief Medical Officer	1.0	Officer	$8,820	$45,058	$397,839
KELLY HOWE	Vice President - Home & Community Based Services	20.0	Officer	$59,870	$17,290	$137,030
MICHAEL KEEVIN	Vice President - Social Impact	40.0	Officer	$110,139	$16,301	$126,440
REGINA FORREST	Chief Culture & Health Equity Officer	40.0	Officer	$223,225	$23,101	$246,326
TIMOTHY CROCKETT	Chief Financial Officer	34.3	Officer	$190,734	$34,373	$269,658
DAVID DWYER	PHYSICIAN, PRIMARY CARE	1.0	Highest	$0	$8,753	$154,974
MELISSA COUSINS	NURSE PRACTITIONER- PRIM. CARE	1.0	Highest	$0	$18,156	$173,902
MICHELLE MCDOWELL	Nurse Practitioner - Primary Care	1.0	Highest	$0	$13,677	$160,264
PATRICIA NIKOLOV	NURSE PRACTITIONER-PSYCHIATRIC	1.0	Highest	$0	$19,511	$182,585
RITA STEPHENS	Nurse Practitioner - Primary Care	1.0	Highest	$0	$16,053	$150,896
BARBARA SCOTT end 063023	PRESIDENT/CEO	22.0		$175,626	$31,682	$398,111
JERRY LANDERS END 053023	VP STRATEGY & BUS. DEVELOPMENT	20.0		$84,695	$15,405	$184,795

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	No data	No data	No data	No data
2024	$44,223,653	$51,799,693	$73,213,529	$-7,576,040
2023	$42,049,873	$44,639,807	$74,065,732	$-2,589,934
2022	$43,835,753	$39,615,301	$70,557,995	$4,220,452
2021	$37,323,788	$36,981,591	$73,397,878	$342,197
2020	$34,237,884	$32,256,979	$49,978,455	$1,980,905
2019	$33,605,527	$31,547,704	$47,920,384	$2,057,823
2018	$33,741,777	$33,337,828	$42,162,983	$403,949

ASPIRE INDIANA INC