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.

Program Service Accomplishments

Program 1
Expenses: $921,592 Revenue: $696,110

FINANCIAL OPERATIONS AND TECHNOLOGY ADMINISTRATION PROVIDES SERVICES TO 31 LOCAL UNITED WAYS THROUGHOUT THE COUNTRY WHO ARE INTERESTED IN CONSOLIDATING THEIR BACK-OFFICE SERVICES IN ORDER TO FOCUS ON...

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FINANCIAL OPERATIONS AND TECHNOLOGY ADMINISTRATION PROVIDES SERVICES TO 31 LOCAL UNITED WAYS THROUGHOUT THE COUNTRY WHO ARE INTERESTED IN CONSOLIDATING THEIR BACK-OFFICE SERVICES IN ORDER TO FOCUS ON FUNDRAISING, DONOR RELATIONSHIP CULTIVATION, AND PUTTING SYSTEMS IN PLACE TO MEET URGENT COMMUNITY HEALTH AND HUMAN SERVICE NEEDS. UNIFI'S BACK-OFFICE SERVICES INCLUDE CLOUD HOSTING, ACCOUNTING, PAYROLL, AND CAMPAIGN PROCESSING.

Program 2
Expenses: $880,839 Revenue: $255,492

MEMBERSHIP SERVICES PROVIDES LIMITED FUNDING AND OTHER SUPPORT TO UNITED WAYS THAT SERVE INDIANA COUNTIES THROUGH THE NEWLY ADOPTED THRIVING UNITED WAY FRAMEWORK. PRODUCTS PROVIDED INCLUDE...

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MEMBERSHIP SERVICES PROVIDES LIMITED FUNDING AND OTHER SUPPORT TO UNITED WAYS THAT SERVE INDIANA COUNTIES THROUGH THE NEWLY ADOPTED THRIVING UNITED WAY FRAMEWORK. PRODUCTS PROVIDED INCLUDE: SUPPORTING STRATEGIC ORGANIZATIONAL DEVELOPMENT OF LOCAL UNITED WAY MEMBERS; EXECUTING A COMPREHENSIVE BOARD AND GOVERNANCE TRAINING; COACHING AND TRAINING NEW EXECUTIVES; GRANT PROCUREMENT AND MANAGEMENT OVERSEEING CAMPAIGN MATCH DOLLARS FOR LOCAL UNITED WAYS, THE INDIANA NATURAL DISASTER (IND) FUND, AND OTHER GRANTS; SIGNIFICANT MERGER SUPPORT; KEY INDIVIDUALIZED COACHING AND TRAINING THAT SUPPORTS BOTH SMALL AND LARGE UNITED WAYS; AND ACTIVE PUBLIC POLICY WORK PROMOTING STATEWIDE ISSUES SUCH AS ADVOCATING FOR STATEWIDE HIGH-QUALITY CHILDCARE, ADVOCATING AGAINST PREDATORY LENDING, AND DISSEMINATING THE ASSET LIMITED INCOME CONSTRAINED EMPLOYER (ALICE) REPORT.

Program 3
Expenses: $6,201,694

STATEWIDE CAPITAL PROJECTS INITIATIVE (SCPI): IUW SEEKS TO PROVIDE FUNDING TO STRATEGICALLY IMPORTANT CAPITAL PROJECTS INTENDED TO EXPAND OR IMPROVE THE QUALITY OF ESSENTIAL HEALTH AND HUMAN SERVICES...

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STATEWIDE CAPITAL PROJECTS INITIATIVE (SCPI): IUW SEEKS TO PROVIDE FUNDING TO STRATEGICALLY IMPORTANT CAPITAL PROJECTS INTENDED TO EXPAND OR IMPROVE THE QUALITY OF ESSENTIAL HEALTH AND HUMAN SERVICES FOR INDIVIDUALS LIVING IN COMMUNITIES OF ALL SIZES ACROSS INDIANA THROUGH SCPI GRANTS. GRANTS WILL BE DISTRIBUTED IN PARTNERSHIP AND COORDINATION WITH MEMBER LOCAL UNITED WAYS SERVING THE COMMUNITY FOR THE PURPOSE OF ADVANCING EDUCATION, INCOME, HEALTH, AND BASIC NEEDS PRIORITIES OF THE COMMUNITIES THEY SERVE. GRANTS RANGE FROM $50,000 TO $1,500,000 PER AWARD.

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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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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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