Indiana Black Expo Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Phone

3179252702

Tax Period

2023-01-01 to 2023-12-31

Indiana Black Expo Inc, founded in 1973, is a community nonprofit in the Civil Rights & Advocacy sector that reported $7.2M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 22% operating margin.

Mission

Indiana Black Expo, Inc. was organized to establish scholarships; develop, implement and support youth programs; and to inform and educate the public as to the economic, educational, political, religious, and social achievements and cultural development of African-Americans.

Program Service Accomplishments

Program 1

Expenses: $1,798,165 Revenue: $715,727

Summer Celebration: Summer Celebration serves as a conduit for the Indianapolis community, the state of Indiana and the nation at-large. Summer Celebration began in 1970 at the end of the Civil...

Summer Celebration: Summer Celebration serves as a conduit for the Indianapolis community, the state of Indiana and the nation at-large. Summer Celebration began in 1970 at the end of the Civil Rights movement as an effort to bring awareness of business opportunities and achievements of African Americans within the Indianapolis community. Since those early days, it has become a fixture for Indianapolis tourism, business, political and academic communities while also serving as a social awareness vehicle for the advancement of African Americans. Summer Celebration provides financial resources for the Organization's youth and family and social responsibility efforts.

Program 2

Expenses: $1,030,546 Revenue: $191,793

CIRCLE CITY CLASSIC: IN 1983, INDIANA BLACK EXPO ORGANIZERS HAD A DESIRE TO CREATE AN OPPORTUNITY TO SHOWCASE ACADEMIC EXCELLENCE AMONGST THE NATION'S HISTORICALLY BLACK COLLEGES AND UNIVERSITIES...

CIRCLE CITY CLASSIC: IN 1983, INDIANA BLACK EXPO ORGANIZERS HAD A DESIRE TO CREATE AN OPPORTUNITY TO SHOWCASE ACADEMIC EXCELLENCE AMONGST THE NATION'S HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THAT YEAR, MISSISSIPPI VALLEY STATE AND GRAMBLING UNIVERSITY CAME TOGETHER DURING THE FIRST EVER CIRCLE CITY CLASSIC. HOWEVER, THE CIRCLE CITY CLASSIC IS NOT JUST A FOOTBALL GAME. ACADEMIC EXCELLENCE IS THE PRIORITY AND IN ORDER TO ACHIEVE THIS GOAL, THE ORGANIZATION HOSTS A COLLEGE FAIR FEATURING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES; COLLEGE PREPAREDNESS WORKSHOPS ARE HOSTED ACROSS THE CITY AND SCHOLARSHIPS ARE AWARDED TO AREA STUDENTS.

Program 3

Expenses: $752,116 Revenue: $199,101

YOUTH PROGRAMS: THE FOCUS OF YOUTH AND FAMILY PROGRAMS IS TO STRENGTHEN SERVICES TO THE COMMUNITY. TO DO THIS EFFECTIVELY, IT IS IMPORTANT FOR THE ORGANIZATION TO RESEARCH HOW AFRICAN AMERICANS ARE LIVING STATEWIDE. AS INFORMATION IS GATHERED, THE ORGANIZATION TAKES STEPS TO ENSURE PROGRAMS THAT KEEP THE COMMUNITY HEALTHY, WEALTHY AND WISE ARE CONTINUALLY OFFERED. IBE's Youth and Family Programs Department manages or organizes at least 13 programs or activities, including (1) Education Day; (2) The Employment Opportunity Fair; (3) State of Our Black Youth Initiative; (4) Statewide Education Conference; (5) Family Fun/Tech Zone; (6) Statewide Youth Leadership Summit; (7) Circle City Classic Scholarship Fund; (8) Circle City Classic Coronation; (9) Circle City Classic Youth Football and Cheerleading Clinic; (10) Performing Arts Academy; (11) The Minority Business Conference; and (12) The Tobacco Prevention & Cessation Initiative. IBE also collaborates on several initiatives, including the INShape Indiana Black & Minority Health Fair, the largest minority health fair in the world, and the Cultural Arts Pavilion.

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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 $6,058,607

Program Service Revenue $1,106,621

Investment Income $113

Other Revenue $17,325

TOTAL REVENUE $7,182,666

Expense Breakdown

Grants Paid $826,842

Salaries & Benefits $986,045

Fundraising Expenses $198,689

Program Expenses $4,229,628

Other Expenses $3,788,210

TOTAL EXPENSES $5,601,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,182,666	$4,412,531	+0.6%
Expenses	$5,601,097	$3,926,736	+0.4%
Net Income	$1,581,569	$485,795	+2.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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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

220

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

$308,684

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Northern Region Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Vice Chairman	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	CEO/President	40.0	Officer	$212,843	$8,884	$221,727
N/A	DIRECTOR OF FINANCE	40.0	Officer	$78,327	$8,630	$86,957
N/A	FORMER CEO/PRESIDENT	40.0		$105,969	$3,545	$109,514

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	No data	No data	No data	No data
2023	$7,182,666	$5,601,097	$7,718,715	$1,581,569
2022	$4,412,531	$3,926,736	$6,099,536	$485,795
2021	$3,463,506	$2,977,226	$5,628,734	$486,280
2020	$3,589,391	$2,784,368	$5,168,785	$805,023
2019	$4,944,681	$3,647,247	$4,516,292	$1,297,434
2018	$3,760,093	$3,800,882	$2,716,531	$-40,789