NORTHWEST INDIANA FORUM INC (EIN 351467924) - 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

1979

Legal Domicile

Principal Officer

HEATHER ENNIS

Phone

2197636303

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST INDIANA FORUM INC, founded in 1979, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO INCREASE BROAD-BASED WEALTH IN NORTHWEST INDIANA THROUGH ECONOMIC DEVELOPMENT IN HARMONY WITH THE ENVIRONMENT.

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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 $0

Program Service Revenue $1,078,089

Investment Income $27,567

Other Revenue $12,000

TOTAL REVENUE $1,117,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $727,823

Fundraising Expenses $0

Program Expenses $928,585

Other Expenses $422,475

TOTAL EXPENSES $1,150,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,117,656	$1,377,894	-0.2%
Expenses	$1,150,298	$875,282	+0.3%
Net Income	$-32,642	$502,612	-1.1%

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

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

$229,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HITTINGER	CHAIR	2.00	Officer Director	$0	$0	$0
DEWEY PEARMAN	DIRECTOR	2.00	Director	$0	$0	$0
ERICA DOMBEY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
HELEN PENNINGTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JIM JORGENSEN	DIRECTOR	2.00	Director	$0	$0	$0
LISA DAUGHTERTY	DIRECTOR	2.00	Director	$0	$0	$0
TONY OSS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
GREG GORDON	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE SKARO	DIRECTOR (TERM 2024)	2.00	Director	$0	$0	$0
NATHAN ORIGER	DIRECTOR	2.00	Director	$0	$0	$0
JILL RITCHIE	DIRECTOR	2.00	Director	$0	$0	$0
RICK CALINSKI	DIRECTOR	2.00	Director	$0	$0	$0
ALISHA BERGLUND	DIRECTOR	2.00	Director	$0	$0	$0
CLARENCE L HULSE	DIRECTOR	2.00	Director	$0	$0	$0
MATT VESSELY	DIRECTOR	2.00	Director	$0	$0	$0
PHIL TAILLON	DIRECTOR	2.00	Director	$0	$0	$0
RAENN TRAKAS	DIRECTOR	2.00	Director	$0	$0	$0
SARA DEYOUNG	DIRECTOR	2.00	Director	$0	$0	$0
DAVE BAREHAM	DIRECTOR	2.00	Director	$0	$0	$0
CHANCELLOR KEN IAWAMA	DIRECTOR	2.00	Director	$0	$0	$0
DEAN MAZZONI	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN MOUNT	DIRECTOR	2.00	Director	$0	$0	$0
LORI TUBBS	DIRECTOR	2.00	Director	$0	$0	$0
MATT GOWER	DIRECTOR	2.00	Director	$0	$0	$0
PHIL GREINER	DIRECTOR	2.00	Director	$0	$0	$0
TOM DAKICH	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM GUSTAFSON	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM HASSE III	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY S KAZAKEVICIUS	DIRECTOR	2.00	Director	$0	$0	$0
DR JAMES LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
GILBERT RYNBERK	DIRECTOR	2.00	Director	$0	$0	$0
GLENN PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
JOE COAR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FREYEK	DIRECTOR	2.00	Director	$0	$0	$0
PETE NOVAK	DIRECTOR	2.00	Director	$0	$0	$0
REX RICHARDS	DIRECTOR	2.00	Director	$0	$0	$0
LORRI FELDT	DIRECTOR	2.00	Director	$0	$0	$0
MATT SALANOVITZ	DIRECTOR	2.00	Director	$0	$0	$0
EDWIN BUSWELL	DIRECTOR	2.00	Director	$0	$0	$0
SHERRI ZILLER	DIRECTOR	2.00	Director	$0	$0	$0
TY WARNER	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER ENNIS	PRESIDENT & CEO	38.00	Officer	$200,000	$29,851	$229,851

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	$1,117,656	$1,150,298	$972,712	$-32,642
2023	$1,377,894	$875,282	$1,436,725	$502,612
2022	$983,450	$680,387	$552,579	$303,063
2021	$574,234	$666,850	$147,032	$-92,616
2020	$521,415	$534,259	$269,873	$-12,844

NORTHWEST INDIANA FORUM INC