INDIANA ASSOCIATION OF UNITED WAYS INC

EIN: 351441961 501(c)(3) Philanthropy & Grantmaking

INDIANAPOLIS, IN

Total Revenue
$11,970,932
Total Expenses
$9,107,481
Total Assets
$100,063,603
Net Assets
$99,658,906
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IN
Principal Officer
MICHAEL K BUDD
Phone
3176608403
Tax Period
2024-01-01 to 2024-12-31

INDIANA ASSOCIATION OF UNITED WAYS INC, founded in 1978, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.0M in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.9M, a strong 24% operating margin.

Mission

INDIANA UNITED WAY IS THE LEADING VOICE TO ADVOCATE, ENGAGE, AND PARTNER WITH A STRONG UNITED WAY NETWORK AND KEY STAKEHOLDERS TO ADVANCE HUMAN WELL-BEING THROUGHOUT INDIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,303,146
Program Service Revenue $951,602
Investment Income $4,516,184
Other Revenue $200,000
TOTAL REVENUE $11,970,932

Expense Breakdown

Grants Paid $6,311,663
Salaries & Benefits $1,913,511
Fundraising Expenses $0
Program Expenses $8,312,627
Other Expenses $882,307
TOTAL EXPENSES $9,107,481

Year-over-Year Comparison

2024 2023 Change
Revenue $11,970,932 $91,336,890 -0.9%
Expenses $9,107,481 $8,380,429 +0.1%
Net Income $2,863,451 $82,956,461 -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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
17
Volunteers
23

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
7
$397,868
Total Directors
24
$458,892
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL K BUDD PRESIDENT AND CEO 40.00
Officer
$186,000 $53,854 $239,854
FADY QADDOURA CFO AND CIO 40.00
Officer
$149,500 $8,514 $158,014
TONJA STOKES VP OF ORG DEVELOPMENT 40.00
Highest
$119,794 $41,580 $161,374
RACHEL LEE STATEWIDE CAPITAL PROJECT DIRECTOR 40.00
Highest
$130,000 $3,400 $133,400
KAREN PIPES IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
BRENT WAKE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN NIEDERMAN TREASURER 2.00
Officer Director
$0 $0 $0
ASHLEY MARTIN VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANGIE NELSON DEUITCH SECRETARY 2.00
Officer Director
$0 $0 $0
TAMARA BRINKMAN BOARD MEMBER 1.00
Director
$0 $0 $65,000
MARK STEWART BOARD MEMBER 1.00
Director
$0 $0 $165,000
PAM OTTERSBACH BOARD MEMBER 2.00
Director
$0 $0 $95,000
JENNI MARSH BOARD MEMBER 1.00
Director
$0 $0 $133,892
SHAWN ELLIS BOARD MEMBER 2.00
Director
$0 $0 $0
PRIYANKA BRUNESE BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE CRANDALL BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY DOWNTON BOARD MEMBER 1.00
Director
$0 $0 $0
KIRK KLABUNDE BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD LEGER BOARD MEMBER 1.00
Director
$0 $0 $0
TINA PATTON BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD PAYONK BOARD MEMBER 1.00
Director
$0 $0 $0
DAN RHODES BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHALL SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ SEDLER BOARD MEMBER 1.00
Director
$0 $0 $0
REX AMBROSE BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY VAUGHAN BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN WEINZAPFEL BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA BONILLA BOARD MEMBER 1.00
Director
$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 $11,970,932 $9,107,481 $100,063,603 $2,863,451
2023 $91,336,890 $8,380,429 $97,013,434 $82,956,461
2022 $7,791,695 $5,170,180 $13,627,160 $2,621,515
2021 $18,149,199 $21,551,454 $11,631,864 $-3,402,255
2020 $33,689,122 $35,053,788 $14,811,179 $-1,364,666
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